A Critical Review of Definitions and Frameworks of New Venture Creation

Reviewing the research dynamics in the field of entrepreneurship both domesticly and internationaly, this paper attempts to compare the typical and influential definitions and framework of entrepreneurship to find out their focuses, with which we sum up a comprehensive definition of entrepreneurship.It constructs a conceptual framework that comprises entrepreneurial subject, entrepreneurial process, entrepreneurial outcomes and entrepreneurial environment, and expects that the framework can representsa useful effort not only for domestic scholars but also for entrepreneurs to understand the connotation of entrepreneurship better.