The Entrepreneurial Schools Of Thought are divided in two major views, the macro and the micro view. Then these two views are break down in six schools of thought and they cover the different approaches of entrepreneurship. The displacement school of thought is part of the major views. This school explains how the social surrounding can influence or restrict an individual to become an entrepreneur. In other words there is always certain factors that push or restrain an individual to become an entrepreneur.
There are three major types of displacement that illustrate this theory. The first is Political displacement; it states that in some situation an individual is restrains to become an entrepreneur by some political regime that rejects free enterprise. Or new laws that require major changes in an industry, by the same token, compel entrepreneurial ven
...tures to reorient their activities or in extreme, prevent the pursuit of any activity. The second is Cultural displacement; it states that some individuals can be restricted from professional fields by their social environment.
That means that sometimes some unethical reasons can push an individual to become an entrepreneur by rejecting his/her desire to be part of an already establish organisation because of his/her ethnic background, religion, race, gender, etc. The third is Economics displacement; it focuses on economical variations to explain the desire of an individual to pursue an entrepreneurial venture. This motivation can either be generated from a job loss, capital loss, or a recession period that push an individual to do something new and jump in an entrepreneurial venture.
The example I can relate to the displacement school of thought
for motivating an individual to become an entrepreneur is the story of my dad. At the age of twenty-one he started working for a company that was employing about forty people. The company was manufacturing high precision metal pieces for the aerospace industry. He started as a CNC machines operator, after a few years he became in charge of one of the production department. He had a lot of determination and he was working for this company like it was his.
He had big ideas to improve the company, to have the opportunity to implement these changes he needed a more important status in the company. So he ask the president if he could be more implicated in the development of the company but the president denied his request because he thought he was too young at the age of 27 to be part of the board of directors and that his education level was not high enough for him to succeed at these activities.
So after the refusal, my dad started a business in the same industry. He was convinced that he could offer to his clients better products and in a more effective way. Now his company employs close to a hundred people for manufacturing landing gear pieces for the aerospace industry. If he wouldn’t have been restricted by the person he was working for, he would have never started an entrepreneurial venture. From my understanding this is a good example of cultural displacement.
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