We study how ethical behavior by firms leads to ethical reputation building. Based on our in-depth studies of two firms in India and Zimbabwe that resisted corruption and survived for extended time periods, we propose that in addition to behaving ethically, firms need to elicit favorable...

It is widely recognized that entrepreneurship is vital to regional economic development. And recent studies in entrepreneurial expertise have shown that effectuation is important to doing entrepreneurship well. Furthermore, since expertise involves teachable and learnable aspects of a knowledge...

We build upon a recent stream of research that has proposed entrepreneurship as a solution to, rather than a cause of, environmental degradation. Our proposition is that under certain conditions entrepreneurs are likely to supplement, or surpass, the efforts of governments, NGOs and existing...

For almost fifty years now, following the trail of issues raised by economists such as Hayek, Schumpeter, Kirzner and Arrow, researchers have studied the economics of technological change and the problem of allocation of resources for invention (invention being the production of information)....

What does it take for a region to foster technological entrepreneurship? Recently, there has been significant interest in this topic. Most writers on this topic emphasize the tangible infrastructure such as sound legal systems, transparent capital markets, advanced telecommunications and...

In this article, we propose an entrepreneurial theory of the firm that is based on dispersed knowledge. We argue that the dispersion of knowledge over people and places and over time leads to uncertainty. This uncertainty, combined with heterogeneous expectations and the nexus of an individual...

In his book "Invention," Professor Norbert Wiener (1993), commenting on the relative importance accorded to individuals and institutions in historical narratives of science and inventions, asks us to imagine Shakespeare's "Romeo and Juliet" without either Romeo or the balcony. The story is just...

Why and when do some people become entrepreneurs? We attempt to answer the question by considering both the variability in the quality of opportunities and aspiration levels that can vary over individuals and over time. When individuals have higher aspiration levels than their readily available...

In this lecture, I wish to explore the possibility of a useful dialogue between the fields of entrepreneurship and business ethics for mutual benefit. Although these two fields have much to offer each other, they have developed largely independent of each other. I wish to argue that...

In this paper the authors identify the paradox that strategic choice requires an understanding of the future and that strategic choice also determines the future. They go on to suggest that a radically subjectivist approach may provide the basis of a theory of creative choice. This theory would...