The role of private equity: from focus on the product to focus on value creation

2009

Orginal article published by InderScience publishers. Avaialble from: http://dx.doi.org/10.1504/IJEIM.2009.025141 As a consequence of the paradigm shift from an industrial society to an information society, the role of the entrepreneur ought to change from being an inventor of product/services to become a value creator. Hence, the focus of entrepreneurial ventures should be shifting towards creating viable business models rather than superior product/services. One major implication of the shift of entrepreneurial endeavour from product/services towards creating new business models is that hands on investors behind companies’ have to be involved closer to the inception of new ventures in ord…