Transaction Obstacle and Its Governance: A Case Study on the "Stumbling Blocks" of Entrepreneurship

Yu Cheng, Jun Wen, Yaping Xie
2020 Open Journal of Business and Management  
Through case study, this essay focuses on "transaction obstacle" which blocks entrepreneurship, and finds that entrepreneurs may establish complete business system by detecting and governing those key transaction obstacles. Therefore, the essay hypothesizes that transaction obstacle is a key construct in entrepreneurial process and the excellence of transaction obstacle governance is positively correlated with entrepreneurial success. The research initially presents both the concept of
more » ... concept of transaction obstacle and the concept of transaction obstacle governance, and thus adds new knowledge to the entrepreneurial process theory.
doi:10.4236/ojbm.2020.83085 fatcat:joeihwd5w5fhjidqt7eh7fixtm