Shane, S., Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25(1), 217-226.

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Entrepreneurship
2 phenomena
Lucrative
opportunities
Enterprising
individuals
Definition
-How
-By whom
-What
-Effects
-Opportunities
-Create future
goods
Services
-Discovered
-Evaluated
-Exploited
-Why
-When
-How
Creation of
goods and
servicies
Discover and
exploit these
opportunitie
s
Different modes
of action
Exploit
entrepreneuria
l opportunities
Important
Factors:
-Economic
-Ecology
-Societal
-Firm creation

Why study
Entrepreneurship
?
-Convert technical information (products and
services)
-Temporal an spatial inefficiencies in an economy
are discovered and mitigated
-Sources of changes in a capitalist society
Entrepreneurial
Opportunities
-Explotation market inefficiences
-Low cost
-High benefits
-New technologies
Discovery:
*Prior information to identify opportunity
*Cognitive properties to value
*Ability to recognize new opportunities
*New means-relationship
Modes of
Exploitation
Depends:
*Nature of industrial
organization
*Opportunities
*Appropriability regime

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