Formalizing the concept of entrepreneurial capacity

Hindle, Kevin 2007, Formalizing the concept of entrepreneurial capacity, in ICSB 2007 : At the crossroads of east and west, new opportunities for entrepreneurship and small business : Proceedings of the ICSB World Conference 2007 : 13th-15th June 2007, Turku, Finland, ICSB, [Turku, Finland], pp. 1-20.

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Title Formalizing the concept of entrepreneurial capacity
Author(s) Hindle, Kevin
Conference name International Council for Small Business. World Conference (2007 : Turku, Finland)
Conference location Turku, Finland
Conference dates 13-15 June 2007
Title of proceedings ICSB 2007 : At the crossroads of east and west, new opportunities for entrepreneurship and small business : Proceedings of the ICSB World Conference 2007 : 13th-15th June 2007, Turku, Finland
Editor(s) [Unknown]
Publication date 2007
Conference series International Council for Small Business World Conference
Start page 1
End page 20
Publisher ICSB
Place of publication [Turku, Finland]
Summary This study develops a definition of the concept of entrepreneurial capacity and formalizes it in two models explaining how value is created in the innovation process. The formalization integrates the influential opportunity-based definition of entrepreneurship research offered by Shane and Venkataraman (2000) with the consensus prevailing in the management, strategy, economics and entrepreneurship literatures that innovation is a process for transforming the inherent economic value of new knowledge into realized economic value for identified stakeholders. The linear flow and mathematical models presented in the study possess the clarity and richness required of a theoretical framework for generating and testing insightful hypotheses. This study, regarding Penrose (1959) more as theorist of entrepreneurship than of resources, deepens scepticism about the relevance to entrepreneurship of the literatures on the resource-based view of the firm (RBV) and dynamic capabilities (DC). Finally, the arguments and perspectives of the study imply several pedagogic possibilities and challenges for entrepreneurship educators.
ISBN 9789515642639
9515642639
Language eng
Field of Research 150399 Business and Management not elsewhere classified
Socio Economic Objective 910499 Management and Productivity not elsewhere classified
HERDC Research category E1.1 Full written paper - refereed
Copyright notice ©2007, ICSB
Persistent URL http://hdl.handle.net/10536/DRO/DU:30029574

Document type: Conference Paper
Collection: School of Management and Marketing
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