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

  • S. Bhaduri

    ()

  • H. Worch

    ()

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    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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    File URL: ftp://137.248.191.199/RePEc/esi/discussionpapers/2008-04.pdf
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    Paper provided by Philipps University Marburg, Department of Geography 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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