Philosophy of Entrepreneurship

Philosophy of Entrepreneurship

The purpose of this course is to explore the philosophies underpinning economic approaches to the study of entrepreneurship. 

Course code: SHS-ENTR01

Professor: Dr. Joseph Thomas Ekong


The concept of the ‘entrepreneur’ and the function of entrepreneurship in society have ranged extensively within theories. On the surface, philosophers and entrepreneurs do not have much in common. When we think of a typical philosopher - we envision someone clad in a loincloth, thinking and brooding on his own, shunning society, writing books, and disconnected from the world. Philosophers question everything; they engage in discussions and communicate their radical ideas through their books and rhetoric; they are not afraid of taking risks, and they take a firm stance on their ideas on the most incomprehensible topics. Philosophers truly transform the world with their ideas, visions, and belief systems. The more we think about it - successful entrepreneurs do the same. An average entrepreneur behaves the same way that a philosopher does, reimagines the world with his/her ideas, and innovates with his/her own products and solutions. The word “Entrepreneur” is derived from the French word “Entrependre” which means “to undertake”.

Here are some commonalities between philosophers and entrepreneurs:

  • They question the status quo. Entrepreneurs create products and solutions that are designed to change the world we live in.
  • They are not afraid of taking risks to present their visions to the world.
  • They engage in discussions and communicate their radical ideas through their rhetoric. Philosophers do so through their books; entrepreneurs do so through their speeches, emails, social media, and personal communications.


  1. To discuss the concept of entrepreneurship, from a philosophical standpoint.
  2. To identify the roles of an entrepreneur.
  3. To explain the relationship between entrepreneurship, economic development and Philosophy.
  4. To fill an identified gap in philosophical discussions by exploring the economic theories, and in doing so, provide a structured approach to understanding some of the differences that underlie economic policies supporting the promotion of entrepreneurship.
  5. To explore the different philosophies underpinning entrepreneurship research, the social construction of entrepreneurial behaviour and the analysis of corporate enterprise.


  1. Develop critical thinking skills that will enable the students to identify and evaluate entrepreneurial opportunities, manage risks and learn from the results.
  2. Analyze the process that enables entrepreneurs with limited resources to transform a simple idea into a sustainable success.
  3. Establish goals, identify resources and determine the steps required to start and manage a business.
  4. Demonstrate and interact with local entrepreneurs and business owners within their own communities.
  5. Develop a business plan for starting up a business.


  • Chapter 1 : Philosophy and Entrepreneurship, Definitions and Conceptual Clarifications
  • Chapter 2 : Intellectual Entrepreneurship, National and International Cultures: Theories, Purposes, Challenges and Applications.
  • Chapter 3 : Philosophical Enterprise, Sketching a philosophy of Entrepreneurship: A focus on Economic Theories
  • Chapter 4 : Entrepreneurial Self-Efficacy: Analysis of the Determinants of Entrepreneurial Intentions among Construction Workers