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Strategies For Creating New Business, A Sociocultural And Institutional Approach

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  • Jose G. Vargas-Hernandez

    (University of Guadalajara, Mexico)

Abstract

This paper aims to summarize the main theories from socio-cultural or institutional approach to encourage the creation of new businesses. Given this context, it raised the importance of theoretical study of the factors that influence decision making in the development of new businesses and how it affects the environment in which they operate the same business. The research method used was to review the existing literature by analyzing the major theories involved in the creation of companies, emphasizing the socio-cultural approach. The analysis concludes the activity of entrepreneurship to encouraging the creation of companies, being an important factor in economic development.

Suggested Citation

  • Jose G. Vargas-Hernandez, 2013. "Strategies For Creating New Business, A Sociocultural And Institutional Approach," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(1), pages 81-90, March.
    • Handle: RePEc:pes:ierequ:v:8:y:2013:i:1:p:81-90
    DOI: 10.12775/EQUIL.2013.005
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    References listed on IDEAS

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    3. Sobel, Russell S., 2008. "Testing Baumol: Institutional quality and the productivity of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 23(6), pages 641-655, November.
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    6. Raphael Amit & Lawrence Glosten & Eitan Muller, 1993. "Challenges To Theory Development In Entrepreneurship Research," Journal of Management Studies, Wiley Blackwell, vol. 30(5), pages 815-834, September.
    7. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
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    More about this item

    Keywords

    entrepreneur; company; socio-cultural approach; theories on the creation of companies;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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