Past Experience, Cognitive Frames, and Entrepreneurship: Some Econometric Evidence from the Indian Pharmaceutical Industry

S. Bhaduri () and H. Worch ()

Papers on Economics and Evolution from Philipps University Marburg, Department of Geography

Abstract: The theoretical literature identifies three important entrepreneurial dimensions, namely discovering new opportunities, responsiveness to uncertainty, and coordination of a firm. In the empirical literature, past experience has been identified as having an important influence on organizational behavior. This literature, however, focuses predominantly on the impact of experience on new opportunities using a resource-based view and human capital perspective. In contrast, we draw upon the cognitive science literature to argue that past experience shapes an entrepreneur’s cognitive frame, and, hence, influences entrepreneurship in a more holistic manner. We provide econometric evidence of the impact of past experience on all three entrepreneurial dimensions from the small scale Indian pharmaceutical enterprises.

Keywords: Entrepreneurship; Past experience; Cognition; Informatione and knowledge; India pharmaceutical industry Length 42 pages (search for similar items in EconPapers)
JEL-codes: D83 L26 M10 (search for similar items in EconPapers)
Date: 2008-05
New Economics Papers: this item is included in nep-cbe, nep-cse, nep-cwa, nep-ent, nep-hrm and nep-knm
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