Obsessed Maniacs and Clairvoyant Oracles: Empirically Validated Patterns of Entrepreneurial Behavior

Elias G. Carayannis and McDonald R. Stewart

Chapter 3 in Entrepreneurial Profiles of Creative Destruction, 2014, pp 131-159 from Palgrave Macmillan

Abstract: Abstract In the realm of the social sciences, much business and economic theory is devoted to the construction of frameworks that describe complex organizational systems: the group, the firm, the industry and the institution. Underlying these interdependent and concentric layers of business structure are individuals whose actions antecede and propel the formation of new business organizations. The precursive enactor is termed the “entrepreneur”. Each starts with a blank page, an idea and the urge to proceed, and individual entrepreneurial initiatives create organizations (firms) that spawn industries, which in turn give rise to institutions. Complex business and economic systems are created, revised, destroyed and replaced by the successive and evolutionary execution of entrepreneurial ambition.

Keywords: Creative Destruction; Business Venture; Heterogeneity Dynamic; Innovation Ecosystem; Personal Ambition (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-42983-4_3

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DOI: 10.1057/9781137429834_3

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