This paper argues why it is useful to build a theory of entrepreneurship based on a concept of routine. In particular, this paper offers two reasons : First, routine theory provides a convincing decision theoretic foundation for entrepreneurship and its dichotomous distinction from « ordinary...

This paper shifts the focus to the microeconomic and decision theoretic foundation of evolutionary processes: It argues that and why it is useful to build the analysis of entrepreneurship on a concept of routine, like Nelson/Winter already did in their 1982 book. In particular, this paper offers...

This paper investigates the possibilities and restrictions of intergenerational income development for aging and stagnating economies. In a first step, the basic logic of aging will be investigated in a simple dynamic model. In particular, the investigation points out the existence of the...

Purpose: The aim of this paper is to conceptualize the connection between business model and business reality. On this basis, the paper aims to put the business model on a solid conceptual basis and to build bridges to its neighbouring concepts. In this way, this paper should to contribute to...

Research suggests that small and medium-sized enterprises (SMEs) can benefit from network collaboration by enhancing opportunities for innovation. Managing the necessary collaboration to benefit from network participation may however be particularly challenging for SMEs due to their size and...