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Past Experience, Cognitive Frames, and Entrepreneurship: Some Econometric Evidence from the Indian Pharmaceutical Industry

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Author Info
S. Bhaduri ()
H. Worch ()
Abstract

The theoretical literature identifies three important entrepreneurial dimensions, namely discovering new opportunities, responsiveness to uncertainty, and coordination of a firm. In the empirical literature, past experience has been identified as having an important influence on organizational behavior. This literature, however, focuses predominantly on the impact of experience on new opportunities using a resource-based view and human capital perspective. In contrast, we draw upon the cognitive science literature to argue that past experience shapes an entrepreneur’s cognitive frame, and, hence, influences entrepreneurship in a more holistic manner. We provide econometric evidence of the impact of past experience on all three entrepreneurial dimensions from the small scale Indian pharmaceutical enterprises.

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Paper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2008-04.

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Date of creation: May 2008
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Handle: RePEc:esi:evopap:2008-04

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Related research
Keywords: Entrepreneurship; Past experience; Cognition; Informatione and knowledge; India pharmaceutical industry Length 42 pages;

Find related papers by JEL classification:
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General

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