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

Nicolai J. Foss; Peter G. Klein; Yasemin Y. Kor; Joseph T. Mahoney

doi:10.1002/sej.41

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

Nicolai J. Foss, Peter G. Klein, Yasemin Y. Kor, Joseph T. Mahoney^*

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › Research › peer-review

Abstract

This article maintains that the consistent application of subjectivism helps reconcile contemporary entrepreneurship theory with the strategic management literature, particularly the resource‐based view of the firm. The article synthesizes theoretical insights from Austrian economics, Penrose's (1959) resources approach, and modern resource‐based theory, focusing on the essential subjectivity of the entrepreneurial process. This new synthesis describes entrepreneurship as a creative team act in which heterogeneous managerial mental models interact to create and arrange resources to produce a collective output that is creatively superior to individual output.

Original language	English
Journal	Strategic Entrepreneurship Journal
Volume	2
Issue number	1
Pages (from-to)	73-94
Number of pages	22
ISSN	1932-4391
DOIs	https://doi.org/10.1002/sej.41
Publication status	Published - 2008

Keywords

Entrepreneurship
Resource-based view
Subjectivism
Managerial mental models

Access to Document

10.1002/sej.41Licence: Unspecified

Handle.net

Persistent link

Cite this

@article{85d290902b4511dd8a88000ea68e967b,

title = "Entrepreneurship, Subjectivism, and the Resource-Based View: Toward a New Synthesis",

abstract = "This article maintains that the consistent application of subjectivism helps reconcile contemporary entrepreneurship theory with the strategic management literature, particularly the resource‐based view of the firm. The article synthesizes theoretical insights from Austrian economics, Penrose's (1959) resources approach, and modern resource‐based theory, focusing on the essential subjectivity of the entrepreneurial process. This new synthesis describes entrepreneurship as a creative team act in which heterogeneous managerial mental models interact to create and arrange resources to produce a collective output that is creatively superior to individual output. ",

keywords = "Ressourcebaseret teori, Corporate entrepreneurship, Iv{\ae}rks{\ae}ttere, Entrepreneurship, Resource-based view, Subjectivism, Managerial mental models",

author = "Foss, \{Nicolai J.\} and Klein, \{Peter G.\} and Kor, \{Yasemin Y.\} and Mahoney, \{Joseph T.\}",

year = "2008",

doi = "10.1002/sej.41",

language = "English",

volume = "2",

pages = "73--94",

journal = "Strategic Entrepreneurship Journal",

issn = "1932-4391",

publisher = "John Wiley \& Sons Inc.",

number = "1",

}

TY - JOUR

T1 - Entrepreneurship, Subjectivism, and the Resource-Based View

T2 - Toward a New Synthesis

AU - Foss, Nicolai J.

AU - Klein, Peter G.

AU - Kor, Yasemin Y.

AU - Mahoney, Joseph T.

PY - 2008

Y1 - 2008

N2 - This article maintains that the consistent application of subjectivism helps reconcile contemporary entrepreneurship theory with the strategic management literature, particularly the resource‐based view of the firm. The article synthesizes theoretical insights from Austrian economics, Penrose's (1959) resources approach, and modern resource‐based theory, focusing on the essential subjectivity of the entrepreneurial process. This new synthesis describes entrepreneurship as a creative team act in which heterogeneous managerial mental models interact to create and arrange resources to produce a collective output that is creatively superior to individual output.

AB - This article maintains that the consistent application of subjectivism helps reconcile contemporary entrepreneurship theory with the strategic management literature, particularly the resource‐based view of the firm. The article synthesizes theoretical insights from Austrian economics, Penrose's (1959) resources approach, and modern resource‐based theory, focusing on the essential subjectivity of the entrepreneurial process. This new synthesis describes entrepreneurship as a creative team act in which heterogeneous managerial mental models interact to create and arrange resources to produce a collective output that is creatively superior to individual output.

KW - Ressourcebaseret teori

KW - Corporate entrepreneurship

KW - Iværksættere

KW - Entrepreneurship

KW - Resource-based view

KW - Subjectivism

KW - Managerial mental models

U2 - 10.1002/sej.41

DO - 10.1002/sej.41

M3 - Journal article

SN - 1932-4391

VL - 2

SP - 73

EP - 94

JO - Strategic Entrepreneurship Journal

JF - Strategic Entrepreneurship Journal

IS - 1

ER -