Fools Rush in? The Institutional Context of Industry Creation*

Howard E. Aldrich and C. Marlene Fiol
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Howard E. Aldrich: University of North Carolina
C. Marlene Fiol: University of Colorado at Denver

A chapter in Entrepreneurship, 2007, pp 105-127 from Springer

Abstract: Abstract Now organizations are always vulnerable to the liabilities of newness, but such pressures are especially severe when an industry is in its formative years. We focus on one set of constraints facing entrepreneurs in emerging industries-their relative lack of cognitive and sociopolitical legitimacy. We examine the strategies that founders can pursue, suggesting how their successful pursuit of legitimacy may evolve from innovative ventures to broader contexts, collectively reshaping industry and institutional environments.

Keywords: Collective Action; Cochlear Implant; Institutional Context; American Sociological Review; Trade Association (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-48543-8_5

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DOI: 10.1007/978-3-540-48543-8_5

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