Why entrepreneurs need firms, and the theory of the firm needs entrepreneurship theory
Abstract Firms are established by entrepreneurs, and entrepreneurship is typically embodied within a firm. And yet, the research literatures on entrepreneurship and the theory of the firm developed mostly independently. I suggest some reasons why these literatures have struggled to connect, and offer a potential path forward, one that describes the entrepreneurial act as the acquisition, combination, and recombination of heterogeneous resources under conditions of uncertainty.
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Main Author: | |
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Format: | Digital revista |
Language: | English |
Published: |
Departamento de Administração da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo
2016
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Online Access: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0080-21072016000300323 |
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Summary: | Abstract Firms are established by entrepreneurs, and entrepreneurship is typically embodied within a firm. And yet, the research literatures on entrepreneurship and the theory of the firm developed mostly independently. I suggest some reasons why these literatures have struggled to connect, and offer a potential path forward, one that describes the entrepreneurial act as the acquisition, combination, and recombination of heterogeneous resources under conditions of uncertainty. |
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