The Foundations Of Entrepreneurship Volume I
The Foundations ofEntrepreneurshipVolume IEdited byScott ShaneProfessor and Chair, Department of EntrepreneurshipUniversity of Maryland, USAAn Elgar Reference CollectionCheltenham, UK Northampton, MA, USA
ContentsAcknowledgementsIntroduction Scott ShanePART IOVERVIEW OF THE FIELD1. Scott Shane and S. Venkataraman (2000), The Promise ofEntrepreneurship as a Field of Research', Academy of ManagementReview, 25(1), January, 217-262. S. Venkataraman (1997), The Distinctive Domain ofEntrepreneurship Research \Advances in Entrepreneurship, FirmEmergence and Growth, 3, 119-38ixxi313PART IITHE ENTREPRENEURIAL PROCESS3. Frank H. Knight (1964), Theories of Profit; Change and Risk inRelation to Profit', 'Structures and Methods for MeetingUncertainty' and 'Enterprise and Profit', in Risk, Uncertainty andProfit, Chapters II, VIII and IX, New York: Augustus M. Kelley,22-48, 233-63, 264-90354. Joseph A. Schumpeter (1961), in The Theory of EconomicDevelopment: An Inquiry into Profits, Capital, Credit, Interest, andthe Business Cycle, New York: Oxford University Press, 65-94,128-561205. Joseph A. Schumpeter (1976), The Process of Creative Destruction',in Capitalism, Socialism and Democracy, Chapter VII, London:George Allen and Unwin, 81-6179PART IIITHE EXISTENCE OF ENTREPRENEURIAL OPPORTUNITIES6. Peter F. Drucker (1985), 'Purposeful Innovation and the SevenSources for Innovative Opportunity', in Innovation andEntrepreneurship: Practice and Principles, Chapter 2, New York:Harper and Row, 30-367. Peter F. Drucker (1985), 'Source: The Unexpected', in Innovationand Entrepreneurship: Practice and Principles, Chapter 3, NewYork: Harper and Row, 37-568. Peter F. Drucker (1985), 'Source: Incongruities', in Innovation andEntrepreneurship: Practice and Principles, Chapter 4, New York:Harper and Row, 57-689. Peter F. Drucker (1985), 'Source: Process Need', in Innovation andEntrepreneurship: Practice and Principles, Chapter 5, New York:Harper and Row, 69-75187194214226
10. Peter F. Drucker (1985), 'Source: Industry and Market Structures',in Innovation and Entrepreneur ship: Practice and Principles,Chapter 6, New York: Harper and Row, 76-8711. Peter F. Drucker (1985), 'Source: Demographies', in Innovationand Entrepreneurship: Practice and Principles, Chapter 7, NewYork: Harper and Row, 88-9812. Peter F. Drucker (1985), 'Source: Changes in Perception', inInnovation and Entrepreneurship: Practice and Principles, Chapter8, New York: Harper and Row, 99-10613. Peter F. Drucker (1985), 'Source: New Knowledge', in Innovationand Entrepreneurship: Practice and Principles, Chapter 9, NewYork: Harper and Row, 107-2914. Peter F. Drucker (1985), 'The Bright Idea', in Innovation andEntrepreneurship: Practice and Principles, Chapter 10, New York:Harper and Row, 130-3215. Alvin K. Klevorick, Richard C. Levin, Richard R. Nelson andSidney G. Winter (1995), 'On the Sources and Significance ofInterindustry Differences in Technological Opportunities', ResearchPolicy, 24 (2), March, 185-20516. Israel M. Kirzner (1997), 'Entrepreneurial Discovery and theCompetitive Market Process: An Austrian Approach', Journal ofEconomic Literature, XXXV (1), March, 60-85PART IVPART VTHE DISCOVERY OF ENTREPRENEURIAL OPPORTUNITIES17. F.A. Hayek (1945), 'The Use of Knowledge in Society', AmericanEconomic Review, XXXV (4), September, 519-3018. Scott Shane (2000), 'Prior Knowledge and the Discovery ofEntrepreneurial Opportunities', Organization Science, 11 (4),July-August, 448-6919. Lowell W. Busenitz and Jay B. Barney (1997), 'Differences BetweenEntrepreneurs and Managers in Large Organizations: Biases andHeuristics in Strategic Decision-Making', Journal of BusinessVenturing, 12(1), 9-3020. O.K. Sarasvathy, Herbert A. Simon and Lester Lave (1998),'Perceiving and Managing Business Risks: Differences BetweenEntrepreneurs and Bankers', Journal of Economic Behavior andOrganization, 33 (2), January, 207-25233245256264287290311339351373395HUMAN EXPERIENCE AND THE DECISION TO EXPLOIT21. Raphael Amit, Eitan Muller and Iain Cockburn (1995), 'OpportunityCosts and Entrepreneurial Activity', Journal of Business Venturing,10 (2), 95-10641722. David S. Evans and Linda S. Leighton (1989), 'Some EmpiricalAspects of Entrepreneurship', American Economic Review, 79 (3),June, 519-35429
23.PART VIGlenn R. Carroll and Elaine Mosakowski (1987), The CareerDynamics of Self-Employment', Administrative Science Quarterly,32 (4), December, 570-89446THE NATURE OF THE ENTREPRENEUR AND THE DECISIONTO EXPLOIT24. Richard E. Kihlstrom and Jean-Jacques Laffont (1979), 'A GeneralEquilibrium Entrepreneurial Theory of Firm Formation Based onRisk Aversion', Journal of Political Economy, 87 (4), August,719-846925. David C. McClelland (1961), 'Entrepreneurial Behavior' and'Characteristics of Entrepreneurs', in The Achieving Society,Chapters 6 and 7, Princeton, NJ: D. Van Nostrand, 205-58, 259-300,references49926. Kelly G. Shaver and Linda R. Scott (1991), 'Person, Process,Choice: The Psychology of New Venture Creation', EntrepreneurshipTheory and Practice, 16, Winter, 23-45599Name Index623
The Foundations ofEntrepreneurshipVolume IIEdited byScott ShaneProfessor and Chair, Department of EntrepreneurshipUniversity of Maryland, USAAn Elgar Reference CollectionCheltenham, UK Northampton, MA, USA
ContentsAcknowledgementsAn introduction by the editor to both volumes appears in Volume IPART IPART IIPART IIITHE LOCUS OF EXPLOITATION1. Wesley M. Cohen and Richard C. Levin (1989), 'Empirical Studiesof Innovation and Market Structure', in Richard Schmalensee andRobert D. Willig (eds), Handbook of Industrial Organization,Volume II, Chapter 18, Amsterdam: North-Holland, 1059-11072. David J. Teece (1986), 'Profiting from Technological Innovation:Implications for Integration, Collaboration, Licensing and PublicPolicy', Research Policy, 15, 285-3053. Bengt Holmstrom (1989), 'Agency Costs and Innovation', Journalof Economic Behavior and Organization, 12 (3), December, 305-27ENTREPRENEURSHIP THROUGH MARKET MECHANISMS4. Kenneth J. Arrow (1962), 'Economic Welfare and the Allocation ofResources for Invention', in The Rate and Direction of InventiveActivity: Economic and Social Factors, Princeton, NJ: PrincetonUniversity Press, 609-255. Mark Casson (1982), The Market for Information', in TheEntrepreneur, Chapter 11, Oxford: Martin Robertson, 201-18,references6. David B. Audretsch (1997), Technological Regimes, IndustrialDemography and the Evolution of Industrial Structures', Industrialand Corporate Change, 6(1), 49-82THE FIRM FORMATION PROCESS7. William B. Gartner (1985), 'A Conceptual Framework forDescribing the Phenomenon of New Venture Creation', Academy ofManagement Review, 10 (4), October, 696-7068. Jerome Katz and William B. Gartner (1988), 'Properties ofEmerging Organizations', Academy of Management Review, 13 (3),July, 429-119. Andrea Larson (1992), 'Network Dyads in Entrepreneurial Settings:A Study of the Governance of Exchange Relationships',Administrative Science Quarterly, 37 (1), March, 76-10410. Howard E. Aldrich and C. Marlene Fiol (1994), 'Fools Rush In? TheInstitutional Context of Industry Creation', A cademy of ManagementReview, 19 (4), October, 645-70IX527399116134171182195224
PART IVENVIRONMENTAL INFLUENCES ON FIRM FORMATION11. Howard E. Aldrich (1990), 'Using an Ecological Perspective toStudy Organizational Founding Rates', Entrepreneur ship Theoryand Practice, 14 (3), Spring, 7-2412. William J. Baumol (1990), 'Entrepreneurship: Productive,Unproductive, and Destructive', Journal of Political Economy, 98(5, Part 1), October, 893-92113. Richard E. Caves (1998), 'Industrial Organization and New Findingson the Turnover and Mobility of Firms', Journal of EconomicLiterature, XXXVI (4), December, 1947-8214. Sidney G. Winter (1984), 'Schumpeterian Competition in AlternativeTechnological Regimes', Journal of Economic Behavior andOrganization, 5, 287-320253271300336PART VFINANCIAL RESOURCE ASSEMBLY15. Kenneth J. Arrow (1974), 'Insurance, Risk and Resource Allocation',in Essays in the Theory of Risk-Bearing, Chapter 5, Amsterdam:North-Holland, 134-4337316. David S. Evans and Boyan Jovanovic (1989), 'An Estimated Modelof Entrepreneurial Choice under Liquidity Constraints', Journal ofPolitical Economy, 97 (4), August, 808-2738317. William A. Sahlman (1990), The Structure and Governance ofVenture-Capital Organizations', Journal of Financial Economics,27,473-52140318. Raphael Amit, Lawrence Glosten and Eitan Muller (1990),'Entrepreneurial Ability, Venture Investments, and Risk Sharing',Management Science, 36 (10), October, 1232-4545219. Toby E. Stuart, Ha Hoang and Ralph C. Hybels (1999),'Interorganizational Endorsements and the Performance ofEntrepreneurial Ventures', Administrative Science Quarterly, 44,315-49466PART VIHUMAN RESOURCE ASSEMBLY20. Jerome A. Katz (1993), 'The Dynamics of OrganizationalEmergence: A Contemporary Group Formation Perspective',Entrepreneurship Theory and Practice, 17 (2), Winter, 97-10150321. James N. Baron, M. Diane Burton and Michael T. Hannan (1996),'The Road Taken: Origins and Evolution of Employment Systems inEmerging Companies', Industrial and Corporate Change, 5 (2),239-75508
PART VIITHE DESIGN OF NEW ORGANIZATIONS22. Warren P. Boeker (1988), 'Organizational Origins: Entrepreneurialand Environmental Imprinting at the Time of Founding', in GlennR. Carroll (ed.), Ecological Models of Organizations, Chapter 3,Cambridge, MA: Ballinger, 33-51, references23. James N. Baron, Michael T. Hannan and M. Diane Burton (1999),'Building the Iron Cage: Determinants of Managerial Intensity inthe Early Years of Organizations', American Sociological Review,64 (4), August, 527 1724. Scott A. Shane (1998), 'Making New Franchise Systems Work',Strategic Management Journal, 19 (7), July, 697-707PART VIII THE CREATION OF NEW MARKETS25. Kenneth J. Arrow (1974), 'Limited Knowledge and EconomicAnalysis', American Economic Review, 64 (1), March, 1-1026. Eric von Hippel (1988), 'Users as Innovators' and 'Predicting theSource of Innovation: Lead Users', in The Sources of Innovation,New York: Oxford University Press, Chapters 2 and 8, 11-27,102-1627. Everett M. Rogers (1983), 'Innovativeness and AdopterCategories', in Diffusion of Innovations, 3rd Edition, Chapter 7,New York: Free Press, 241-70, referencesName Index547568589603613645679
6. Peter F. Drucker (1985), 'Purposeful Innovation and the Seven Sources for Innovative Opportunity', in Innovation and Entrepreneurship: Practice and Principles, Chapter 2, New York: Harper and Row, 30-36 187 7. Peter F. Drucker (1985), 'Source: The Unexpected', in Innovation and Entrepreneurship: Practice and Principles, Chapter 3, New
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To define the entrepreneurship. To explain the significance of Entrepreneurship. To explain the Entrepreneurship Development. To describe the Dynamics of Entrepreneurship Development. 1.1 Need and significance of Entrepreneurship Development in Global contexts It is said that an economy is an effect for which entrepreneurship is the cause.
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