Entrepreneurship, Subjectivism, and the Resource-Based View

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Entrepreneurship, Subjectivism, and the Resource-Based View

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Title: Entrepreneurship, Subjectivism, and the Resource-Based View
Towards a new Synthesis
Author: Foss, Nicolai J.; Klein, Peter G.; Kor, Yasemin Y.; Mahoney, Joseph T.
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.
URI: http://hdl.handle.net/10398/7463
Date: 2006-12-08

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