Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis

Nicolai J. Foss, Peter Klein, Yasemin Y. Kor and Joseph T. Mahoney
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Nicolai J. Foss: Center for Strategic Management and Globalization, Copenhagen Business School
Yasemin Y. Kor: U of Delaware
Joseph T. Mahoney: U of Illinois at Urbana-Champaign

Working Papers from University of Illinois at Urbana-Champaign, College of Business

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.

Date: 2006
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ecl:illbus:06-0121

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