The Study of Entrepreneurship

Stevenson, Lois

doi:10.1080/0820957x.1985.10600613

Cited by 123 publications

(140 citation statements)

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“…However, an entrepreneur is not just a do-it-yourselfer, a simple company founder, but an individual who may be described using adjectives such as "innovative, flexible, dynamic, risk-taking, creative, and growth-oriented" (see Stevenson and Gumpert, 1985). The idea is therefore that new entrants can displace obsolescent firms in a process of "creative destruction" (see Schumpeter, 1934 and; for an account in an endogenous growth framework, see Aghion and Howitt, 1992) which may be considered an important microdeterminant of economic growth.…”

Section: The Aggregate Outcomes Of Industrial Dynamicsmentioning

confidence: 99%

Entrepreneurship and the process of firms' entry, survival and growth

Santarelli¹,

Vivarelli²

2007

Industrial and Corporate Change

392

253

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. licence. www.econstor.eu IZA DP No. 2475 Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated Entrepreneurship and the Process of Firms' Entry, Survival and Growth Enrico Santarelli Marco Vivarelli D I S C U S S I O N P A P E R S E R I E SThe Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit company supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its research networks, research support, and visitors and doctoral programs. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public.IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. ABSTRACT Entrepreneurship and the Process of Firms' Entry, Survival and GrowthThis survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's ex-ante features in terms of likely ex-post business performance. The main conclusion is that entry of new firms is heterogeneous with innovative entrepreneurs being found together with passive followers, over-optimist gamblers and even escapees from unemployment. Since founders are heterogeneous and may make "entry mistakes", policy incentives sh...

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Section: The Aggregate Outcomes Of Industrial Dynamicsmentioning

confidence: 99%

Entrepreneurship and the process of firms' entry, survival and growth

Santarelli¹,

Vivarelli²

2007

Industrial and Corporate Change

392

253

View full text Add to dashboard Cite

show abstract

“…Salient elements of CE strategy that encourage entrepreneurial processes and behavior, can be traced to Stevenson's (1983) generic forms of entrepreneurial behavior, which he categorized along six dimensions: (1) strategic orientation, (2) commitment to opportunity, (3) commitment of resources and control of resources, (4) management structure, (5) reward philosophy, he later added two more dimensions; (6) entrepreneurial culture and growth orientation (Brown et al 2001;Stevenson 1983;Stevenson, Gumpert 1985;Stevenson, Jarillo 1986). …”

Section: Elements Of Pro-entrepreneurship Architecturementioning

confidence: 99%

The Effect of Pro-Entrepreneurship Architecture on Organisational Outcomes

Urban

2012

Journal of Business Economics and Management

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Abstract. Recent years have seen considerable work at the interface between business, management, entrepreneurship and strategy and as a result, new research domains have appeared including corporate entrepreneurship and entrepreneurial strategy. The purpose of this article is to understand the effect that corporate entrepreneurship strategy has on firms to revitalize, reconfigure resources and transform into firms that are ready to compete in the global economy. Empirical tests are conducted to determine to what extent elements of pro-entrepreneurship architecture are able to predict development capability, strategic repositioning, and growth based outcomes. A first-phase survey is conducted to verify the presence and strength of entrepreneurial orientation while the second phase of the study identifies elements of organizational architecture able to predict firm outcomes. The main contribution of this article is that firms resourcing and rewarding policies, as well as cultural and structural orientations, derived from a corporate entrepreneurship strategy, play a significant role in realizing desired outcomes. The study has important implications for emerging economies where growth is often the primary goal of organizations, and where corporate entrepreneurship can be critical for firm profitability and survival.

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“…Entrepreneurs, however, typically go beyond the resources they control in order to create a business (Stevenson and Gumpert, 1985). Frequently these entrepreneurs identify an opportunity and a vision, and then seek resources in order to develop this opportunity.…”

Section: Penrose's "Resource-based" Contribution To a Subjectivist Thmentioning

confidence: 99%

A Subjectivist Theory of Entrepreneurship

Mahoney

Michael

2005

Handbook of Entrepreneurship Research

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The current neoclassical synthesis of economic theory does not contain a role for the entrepreneur and entrepreneurial activity. In this paper we argue that such a role can be reintroduced into the economic foundations of strategy by adopting a subjectivist theory of entrepreneurship. A subjectivist theory focuses on individuals (subjects), on their knowledge, capabilities, and resources, and on the processes of discovery and creativity that constitute the heart of entrepreneurship. To begin the development of a subjectivist theory of entrepreneurship within the context of dynamic resource−based theory, we examine the thought of Edith Penrose (1959) to suggest strategic issues that invite closer examination, and we then conclude with suggested directions for further research. A Subjectivist Theory of Entrepreneurship AbstractThe current neoclassical synthesis of economic theory does not contain a role for the entrepreneur and entrepreneurial activity. In this paper we argue that such a role can be reintroduced into the economic foundations of strategy by adopting a subjectivist theory of entrepreneurship. A subjectivist theory focuses on individuals (subjects), on their knowledge, capabilities, and resources, and on the processes of discovery and creativity that constitute the heart of entrepreneurship. To begin the development of a subjectivist theory of entrepreneurship within the context of dynamic resource-based theory, we examine the thought of Edith Penrose (1959) to suggest strategic issues that invite closer examination, and we then conclude with suggested directions for further research.2

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The Study of Entrepreneurship

Cited by 123 publications

References 1 publication

Entrepreneurship and the process of firms' entry, survival and growth

Entrepreneurship and the process of firms' entry, survival and growth

The Effect of Pro-Entrepreneurship Architecture on Organisational Outcomes

A Subjectivist Theory of Entrepreneurship

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