In the first exhaustive
treatment of the field in 20 years, Scott Shane extends the analysis of entrepreneurship
by offering an overarching conceptual framework that explains the different parts of the
entrepreneurial process - the opportunities, the people who pursue them, the skills and
strategies used to organize and exploit opportunities, and the environmental conditions
favorable to them - in a coherent way.
Given the level of interest
devoted to entrepreneurship in the economy and among academics at business schools, one
would think that researchers would have deep insights into this phenomenon. However, those
who look closely at academic investigations of entrepreneurship realize that scholarly
understanding of this field is quite limited. Unlike its sister fields of accounting,
marketing, finance, organizational behavior and strategic management, entrepreneurship is
rather poorly explained by academics. Shane resolves this by considering the nexus of
enterprising individuals and valuable opportunities and by using that nexus to understand
the processes of discovery and exploitation of opportunities, the acquisition of
resources, entrepreneurial strategy and the organizing process.
This authoritative study
will be a central reference and standard text for researchers, academics, and students in
the field of entrepreneurship.
Table of Contents
List of figures
List of boxes
Foreword
Acknowledgements
1 Introduction
The problems with prior
research
The purpose of this book
An interdisciplinary
approach
The structure of the book
The research underlying the
book
2 The role of opportunities
Kirznerian vs. Schumpeterian
opportunities
The sources of opportunities
The forms of opportunity
Summary
3 The discovery of
entrepreneurial opportunities The price system
Entrepreneurial
decision-making
The role of individuals in
the discovery of opportunities
Summary
4 Individual differences and
the decision to exploit
The decision to exploit: A
basic model Individual-level factors that influence the value of
entrepreneurial
opportunities Summary
5 Psychological factors and
the decision to exploit
Aspects of personality and
motives
Core self evaluation
Cognitive characteristics
Summary
6 Industry differences in
entrepreneurial activity
Do industry differences in
firm formation exist?
Knowledge conditions
Demand conditions
Industry life cycles
Appropriability conditions
Industry structure
Summary
7 The environmental context
of entrepreneurship
An environment for
productive entrepreneurship
The institutional
environment
Summary
8 Resource acquisition
The importance of resource
acquisition
The difficulties of resource
acquisition under uncertaintyand information asymmetry
The solutions to these
difficulties
Summary
9 Entrepreneurial strategy
Entrepreneurship, strategy
and entrepreneurial strategy
Developing a competitive
advantage
Managing uncertainty and
information asymmetry
Summary
10 The organizing process
The organization design
process
The role of planning
The modes of exploitation
The dimensions of new
organizations
Summary
11 Conclusions
A review of the chapters
Issues for the future A final comment
References Index
About Authors
Scott Shane is Professor of
Economics and Entrepreneurship at the Weatherhead School of Management, Case Western
Reserve University, -Cleveland, Ohio, USA. .
324 pages
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