Abstract
| Original language | English |
|---|---|
| Journal | Journal of Institutional Economics |
| Volume | 11 |
| Issue number | 3 |
| Pages (from-to) | 585-599 |
| Number of pages | 15 |
| ISSN | 1744-1374 |
| DOIs | |
| Publication status | Published - 2015 |
Cite this
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Introduction to a Forum on the Judgment-based Approach to Entrepreneurship : Accomplishments, Challenges, New Directions. / Foss, Nicolai Juul; Klein, Peter G.
In: Journal of Institutional Economics, Vol. 11, No. 3, 2015, p. 585-599.Research output: Contribution to journal › Journal article › Research › peer-review
TY - JOUR
T1 - Introduction to a Forum on the Judgment-based Approach to Entrepreneurship
T2 - Accomplishments, Challenges, New Directions
AU - Foss, Nicolai Juul
AU - Klein, Peter G.
PY - 2015
Y1 - 2015
N2 - Over the last three decades entrepreneurship has become a hot topic in economics and management. Much of the entrepreneurship research literature has built upon insights of economists such as Schumpeter, Knight, and Kirzner, each of whom has inspired a distinct strand of entrepreneurship theory and application. Schumpeterian innovation and Kirznerian alertness are the best-known concepts of entrepreneurship, but a newer research stream is building on Knight's idea of entrepreneurship as judgmental decision-making under uncertainty. What we call the judgment-based view models entrepreneurs as owning, controlling, and combining heterogeneous assets, which differ in their attributes, and deploying these assets within a firm to produce goods and services in anticipation of economic profit. This Forum presents three papers that develop, extend, and challenge the judgment-based view of entrepreneurship, focusing on the foundations of judgment, the processes of entrepreneurial resource assembly, and the relationship between the judgment-based view and other theories of economic organization.
AB - Over the last three decades entrepreneurship has become a hot topic in economics and management. Much of the entrepreneurship research literature has built upon insights of economists such as Schumpeter, Knight, and Kirzner, each of whom has inspired a distinct strand of entrepreneurship theory and application. Schumpeterian innovation and Kirznerian alertness are the best-known concepts of entrepreneurship, but a newer research stream is building on Knight's idea of entrepreneurship as judgmental decision-making under uncertainty. What we call the judgment-based view models entrepreneurs as owning, controlling, and combining heterogeneous assets, which differ in their attributes, and deploying these assets within a firm to produce goods and services in anticipation of economic profit. This Forum presents three papers that develop, extend, and challenge the judgment-based view of entrepreneurship, focusing on the foundations of judgment, the processes of entrepreneurial resource assembly, and the relationship between the judgment-based view and other theories of economic organization.
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U2 - 10.1017/S1744137415000168
DO - 10.1017/S1744137415000168
M3 - Journal article
VL - 11
SP - 585
EP - 599
JO - Journal of Institutional Economics
JF - Journal of Institutional Economics
SN - 1744-1374
IS - 3
ER -