Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis
AbstractThis paper maintains that the consistent application of subjectivism helps to reconcile contemporary entrepreneurship theory with strategic management research in general, and the resource-based view in particular. The paper synthesizes theoretical insights from Austrian economics and Penrose's (1959) resources approach, arguing that entrepreneurship is inherently subjective and firm specific. This new synthesis describes how entrepreneurship is manifested in teams, and is driven by both heterogeneity of managerial mental models and shared team experiences.
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Bibliographic InfoPaper provided by University of Illinois at Urbana-Champaign, College of Business in its series Working Papers with number 06-0121.
Date of creation: 2006
Date of revision:
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Web page: http://www.business.uiuc.edu/Working_Papers/Main.asp
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