Journal ArticleDOI
New market creation through transformation
Saras D. Sarasvathy,Nicholas Dew +1 more
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In this article, the authors consider new market creation as a process involving a new network of stakeholders, initiated through an effectual commitment that sets in motion two concurrent cycles of expanding resources and converging constraints that result in the new market.Abstract:
Is new market creation a search and selectionprocess within the theoretical space of all possible markets? Or is it the outcome of a process of transformation of extant realities into new possibilities? In this article we consider new market creation as a process involving a new network of stakeholders. The network is initiated through an effectual commitment that sets in motion two concurrent cycles of expanding resources and convergingconstraints that result in the new market. The dynamic model was induced from two empirical investigations, a cognitive science-based investigation of entrepreneurial expertise, and a real time history of the RFID industry.read more
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The resource-based view: A review and assessment of its critiques
TL;DR: The resource-based view (RBV) of the firm has been around for over 20 years as mentioned in this paper, during which time it has been both widely taken up and subjected to considerable criticism.
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Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship
TL;DR: In this article, the authors consider two broad implications of digital technologies: less bounded entrepreneurial processes and outcomes, and less predefined locus of entrepreneurial agency, and advance a research agenda that calls for the explicit theorizing of concepts related to digital technologies.
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Effectuation, Causation, and Bricolage: A Behavioral Comparison of Emerging Theories in Entrepreneurship Research:
TL;DR: In this paper, a critical examination of how different theoretical perspectives in entrepreneurship research translate into individual behavior, and whether such behavior is evident in the creation and development of new ventures is provided.
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Social interaction via new social media: (How) can interactions on Twitter affect effectual thinking and behavior?
Eileen Fischer,A. Rebecca Reuber +1 more
TL;DR: In this paper, the authors use an inductive, theory-building methodology to develop propositions regarding how effectuation processes are impacted when entrepreneurs adopt Twitter, and propose two factors that moderate the consequences of social interaction through Twitter.
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What to do next? the case for non-predictive strategy
TL;DR: This paper argues for the independence of prediction and control, that the pursuit of successful outcomes can occur through either predictive or control oriented approaches, and develops and highlights control oriented approach to open new avenues for dealing with the uncertainty inherent to the question of what organizations should do next.
References
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Book
Diffusion of Innovations
TL;DR: A history of diffusion research can be found in this paper, where the authors present a glossary of developments in the field of Diffusion research and discuss the consequences of these developments.
Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Journal ArticleDOI
Dynamic capabilities and strategic management
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Book
Institutions, Institutional Change and Economic Performance
TL;DR: Douglass C. North as discussed by the authors developed an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time.
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.