The Theory of Entrepreneurial Intentionality

Chandra S. Mishra and Ramona K. Zachary
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Chandra S. Mishra: Florida Atlantic University
Ramona K. Zachary: The City University of New York

Chapter 2 in The Theory of Entrepreneurship, 2014, pp 21-48 from Palgrave Macmillan

Abstract: Abstract Entrepreneurial intention represents one of the two major inputs of the Entrepreneurial Value Creation Theory. Although the phenomenon of intention is not unique to entrepreneurship, it nonetheless represents a crux within the Stage 1—Formulation, meaning that it is a necessary but not sufficient condition within the overall entrepreneurial process. Without intention, entrepreneurial opportunity as the second major input of Stage 1—Formulation may go unnoticed, at least in the Kirznerian (1973) sense. Specifically, the Theory of Entrepreneurial Intentionality presented in this chapter delineates and explains the developmental processes that encompass and drive entrepreneurial intention relative to our thinking and acting and relative to adaptability.

Keywords: Family Firm; Family Business; Entrepreneurial Intention; Entrepreneurial Opportunity; Global Entrepreneurship Monitor (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37146-1_2

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DOI: 10.1057/9781137371461_2

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