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"ENTREPRENEURSHIP, SUBJECTIVISM, AND THE RESOURCE- BASED VIEW: TOWARDS A NEW SYNTHESIS"

Nicolai J. Foss, Peter G. Klein, Yasemin Y. Kor, and Joseph T. Mahoney

 

First Author :

Nicolai J. Foss
Center for Strategic Management and Globalization
Copenhagen Business School
Porcelainshaven 24
2000 Frederiksberg
Denmark

njf.smg@cbs.dk


Second Author :

Peter G. Klein
Contracting and Organizations Research Institute
University of Missouri
135 Mumford Hall
Columbia, MO 65211
USA

kleinp@missouri.edu


Third Author :

Yasemin Y. Kor
Department of Business Administration
University of Delaware
214 Lerner Hall
Orchard Road & Amstel Avenue
Newark, DE 19716-2710
USA

kory@udel.edu


Fourth Author :

Joseph T. Mahoney
Department of Business Administration
University of Illinois at Urbana-Champaign
1206 S. Sixth Street
140C Wohlers Hall
Champaign, IL 61820
USA

josephm@uiuc.edu

http://www.business.uiuc.edu/faculty/mahoney.html

 
 
Abstract :
 
This paper maintains that the consistent application of subjectivism helps to reconcile contemporary entrepreneurship theory with strategic management research in general, and the resource-based view in particular. The paper synthesizes theoretical insights from Austrian economics and Penrose’s (1959) resources approach, arguing that entrepreneurship is inherently subjective and firm specific. This new synthesis describes how entrepreneurship is manifested in teams, and is driven by both heterogeneity of managerial mental models and shared team experiences.
 
 
Manuscript Received : 2006
Manuscript Published : 2006
 
 
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