CHALLENGES TO THEORY DEVELOPMENT IN ENTREPRENEURSHIP RESEARCH*

CHALLENGES TO THEORY DEVELOPMENT IN ENTREPRENEURSHIP RESEARCH* ABSTRACT Why do some new ventures succeed while others fail? What is the essence of entrepreneurship? Who is most likely to become a successful entrepreneur and why? How do entrepreneurs make decisions? What market, regulatory, and organizational environments foster the most successful entrepreneurial activities? Entrepreneurship research is plagued by these and other fundamental unanswered questions, for which there does not exist a cohesive explanatory, predictive, or normative theory. In this article we identify major challenges for entrepreneurship theory development, and offer insights into promising directions for future research. Our conclusion suggests that it may be too ambitious to expect a complete and robust theory due to the interdisciplinary nature of entrepreneurship. However, we show that by integrating perspectives and by applying analytic, empirical and experimental tools from a range of fields, some of the fundamental questions can be answered. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management Studies Wiley

CHALLENGES TO THEORY DEVELOPMENT IN ENTREPRENEURSHIP RESEARCH*

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Publisher
Wiley
Copyright
Copyright © 1993 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0022-2380
eISSN
1467-6486
D.O.I.
10.1111/j.1467-6486.1993.tb00327.x
Publisher site
See Article on Publisher Site

Abstract

ABSTRACT Why do some new ventures succeed while others fail? What is the essence of entrepreneurship? Who is most likely to become a successful entrepreneur and why? How do entrepreneurs make decisions? What market, regulatory, and organizational environments foster the most successful entrepreneurial activities? Entrepreneurship research is plagued by these and other fundamental unanswered questions, for which there does not exist a cohesive explanatory, predictive, or normative theory. In this article we identify major challenges for entrepreneurship theory development, and offer insights into promising directions for future research. Our conclusion suggests that it may be too ambitious to expect a complete and robust theory due to the interdisciplinary nature of entrepreneurship. However, we show that by integrating perspectives and by applying analytic, empirical and experimental tools from a range of fields, some of the fundamental questions can be answered.

Journal

Journal of Management StudiesWiley

Published: Sep 1, 1993

References

  • Entrepreneurship: Productive, unproductive, and destructive
    Baumol, Baumol
  • Collateral and competitive equilibria with moral hazard and private information
    Chan, Chan; Thakor, Thakor
  • Choice under uncertainty: problems solved and unsolved
    Machina, Machina

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