Entrepreneurship and Risk-Taking in the Norwegian Shipping Industry in the Early Part of the Twentieth Century: The Case of Lauritz Kloster, Stavanger
Entrepreneurship and Risk-Taking in the Norwegian Shipping Industry in the Early Part of the Twentieth Century: The Case of Lauritz Kloster, Stavanger
In this essay Helge Nordvik reviews the life of Norwegian shipowner Lauritz Kloster, examining how a relatively unknown middle-aged shipping clerk managed to convert his considerable expertise and modest capital resources into a major shipping enterprise. Nordvik argues that the individual businessman is central to any explanation of the growth and development of Norwegian shipping in the first two decades of the twentieth century, and presents Kloster as a shining example of how shipping entrepreneurs built substantial enterprises from limited initial economic resources.
Keywords: International Maritime History, Norwegian Maritime History, Lauritz Kloster, Shipowner, Entrepreneurship
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