We use the resource-based theory of the firm as our primary orienting device, but we also stress the inescapable paradoxes of strategic thinking. The basic idea is that strategic leadership is needed precisely because there are no easy formulas to navigate complex settings. We emphasize that...

Research on entrepreneurship has investigated what entrepreneurs do, what happens when they act as entrepreneurs, and why they act as entrepreneurs. This paper contributes to the latter investigation, and specifically asks why some people choose to be entrepreneurs, while others choose to be...

Although scholars have long recognized the increased mortality risk that new ventures face in terms of a "liability of newness," most of the discussion around this risk has been in terms of the contextual constraints that new ventures face and the difficulties that managers have in overcoming...

This paper substantially extends recent work on the decision to become a self-employed entrepreneur rather than to be an employee of an organization. To enter self-employment typically requires access to financial capital. This article investigates the costs and benefits of different sources of...

This paper reports on the nature and extent of intrapreneurship (or corporate entrepreneurship) practiced by Australian businesses. We examined the relationship between measures of corporate entrepreneurship and firm growth and profitability, and utilized measures devised by earlier 3...

Stevenson (1983) holds that entrepreneurial management, defined as a set of opportunity-based man-agement practices, can help firms remain vital and contribute to firm and societal level value creation. While his conceptualization has received much attention, little progress has been made...

H. H. Stevenson suggests that firms’ management practices range along a spectrum from highly entrepreneurial to highly administrative. At the entrepreneurial end are promoter firms with a focus on new opportunities and at the administrative end are trustee firms with an inward focus on...

'Introduction' In their path-breaking article, Low & MacMillan (1988) suggest that entrepreneurship be defined as the 'creation of new enterprise'. The purpose of entrepreneurship research should be to 'explain and facilitate the role of new enterprise in furthering economic progress' (p. 141)....

When the first author reviewed the literature on small firm growth in the mid 1980’s for his disserta-tion work, he noted that surprisingly few studies had focused on that specific problem (Davidsson 1989a; 1989b). Today, this is no longer true. In recent years ever more comprehensive lists of...

Understanding the sources of business growth is central to both the fields of entrepreneurship and strategy. This is a logical endeavor given the positive macro-level outcomes of firm growth, such as the creation of new jobs, an increase in tax revenues, the provision of innovations, and overall...