Entrepreneurship as re-sourcing

Entrepreneurship as Experimentation

Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by new firms underlies the Schumpeterian notion of creative destruction. However, at a micro level investm...

Entrepreneurship as Expectations Management

Entrepreneurial profits flow from differences in expectations between buyers and sellers regarding the future value of resources. The current paper investigates whether differences in expectations can be manipulated, molded, or manufactured by an entrepreneur to produce greater profits. It is concluded that a range of techniques are available to manage expectations and that the use of these tec...

Entrepreneurship as organizing - A literature study of entrepreneurship

Organizational Entrepreneurship as Projective Action

This article applies sociological action theory to model collective accomplishment of novel outcomes through coordinated and planned processes. The theoretical model provides a collaborative social perspective on the emergence of novelty and innovation in organizations. According to the model, individuals form projections of the future by recombining and adjusting existing institutionalized hab...

Entrepreneurship as a Collective Phenomenon

Although there is an increasing consensus within the research community that entrepreneurship should be perceived as an organising process involving many, little attention has been paid to the genuinely collective features of entrepreneurship. Here entrepreneurship is presented as a phenomenon that is as much the outcome of a joint effort as an individual endeavour. Different images of collecti...