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

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

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

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

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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.

Original language	English
Place of Publication	København
Publisher	Center for Strategic Management and Globalization
Number of pages	39
ISBN (Print)	8791815363
Publication status	Published - Nov 2006

Series	SMG Working Paper
Number	18/2006

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cbs forskningsindberetning smg 67Final published version, 445 KBLicence: CC BY-NC-ND

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