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Many are Called, but Few are Chosen: An Evolutionary Perspective for the Study of Entrepreneurship

In: Entrepreneurship

Author

Listed:
  • Howard E. Aldrich

    (University of North Carolina)

  • Martha Argelia Martinez

    (Duke University)

Abstract

More than a decade ago, Low and MacMillan identified three elements indispensable to an understanding of entrepreneurial success: process, context, and outcomes. Since their critique, three important advances include (a) a shift in theoretical emphasis from the characteristics of entrepreneurs as individuals to the consequences of their actions, (b) a deeper understanding of how entrepreneurs use knowledge, networks, and resources to construct firms, and (c) a more sophisticated taxonomy of environmental forces at different levels of analysis (population, community, and society) that affect entrepreneurship. Although our knowledge of entrepreneurial activities has increased dramatically, we still have much to learn about how process and context interact to shape the outcome of entrepreneurial efforts. From an evolutionary approach, process and context (strategy and environment) interact in a recursive continuous process, driving the fate of entrepreneurial efforts. Thus, integrating context and process into research designs remains a major challenge. Such integration constitutes a necessary step to a more complete evolutionary approach and a better understanding of entrepreneurial success.

Suggested Citation

  • Howard E. Aldrich & Martha Argelia Martinez, 2007. "Many are Called, but Few are Chosen: An Evolutionary Perspective for the Study of Entrepreneurship," Springer Books, in: Álvaro Cuervo & Domingo Ribeiro & Salvador Roig (ed.), Entrepreneurship, pages 293-311, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-48543-8_14
    DOI: 10.1007/978-3-540-48543-8_14
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    Citations

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    Cited by:

    1. Cantner, Uwe & Doerr, Philip & Göthner, Maximilian & Huegel, Matthias & Kalthaus, Martin, 2021. "A Procedural Perspective on Academic Spin-off Creation: The Changing Relevance of Academic and Commercial Logics," IZA Discussion Papers 14928, Institute of Labor Economics (IZA).
    2. Raffaele Trequattrini & Rosa Lombardi & Alessandra Lardo & Benedetta Cuozzo, 2018. "The Impact of Entrepreneurial Universities on Regional Growth: a Local Intellectual Capital Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 199-211, March.
    3. Alina Daniela MIHALCEA & Andreea MITAN & Alexandra VI?ELAR, 2012. "Generation Y: Views on Entrepreneurship," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(2), pages 277-287, December.
    4. Jolita Greblikaite & Włodzimierz Sroka & Neringa Gerulaitiene, 2016. "Involving Young People in Polish and Lithuanian Social Enterprises by Fostering Entrepreneurial Skills and Abilities as Entrepreneurial Opportunity at University," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 131-152.
    5. Emre Yildiz, H. & Morgulis-Yakushev, Sergey & Holm, Ulf & Eriksson, Mikael, 2022. "How do the source and context of experiential knowledge affect firms’ degree of internationalization?," Journal of Business Research, Elsevier, vol. 153(C), pages 378-391.
    6. Mohd Yasir Arafat & Imran Saleem & Amit Kumar Dwivedi & Adil Khan, 2020. "Determinants of agricultural entrepreneurship: a GEM data based study," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 345-370, March.
    7. Coulibaly, Salifou K. & Erbao, Cao & Metuge Mekongcho, T., 2018. "Economic globalization, entrepreneurship, and development," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 271-280.
    8. Honggui Li & Zhongwei Chen & Guoxin Ma, 2016. "Corporate Reputation and Performance: A Legitimacy Perspective," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 181-193.
    9. Bruna, Maria Giuseppina & Nicolò, Domenico, 2020. "Corporate reputation and social sustainability in the early stages of start-ups: A theoretical model to match stakeholders' expectations through corporate social commitment," Finance Research Letters, Elsevier, vol. 35(C).
    10. Celestine Katongole & John C. Munene & Muhammed Ngoma & Samuel Dawa & Arthur Sserwanga, 2015. "Entrepreneur’s Intrapersonal Resources and Enterprise Success among Micro and Small Scale Women Entrepreneurs," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 405-447, December.
    11. Mikaela Backman & Johannes Hagen & Orsa Kekezi & Lucia Naldi & Tina Wallin, 2023. "In the Eye of the Storm: Entrepreneurs and Well-Being During the COVID-19 Crisis," Entrepreneurship Theory and Practice, , vol. 47(3), pages 751-787, May.
    12. Patel, Pankaj C. & João Guedes, Maria & Pagano, Michael S. & Olson, Gerard T., 2020. "Industry profitability matters: The value of sustainable growth rate and distance from bankruptcy as enablers of venture survival," Journal of Business Research, Elsevier, vol. 114(C), pages 80-92.

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