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Towards a construct of entrepreneurial strategising: the case of private equity
Journal
International journal of entrepreneurial venturing : IJEV
ISSN
1742-5360
ISSN-Digital
1742-5379
Type
journal article
Date Issued
2015
Author(s)
Hilb, Michael
Abstract
The obvious relevance of entrepreneurship in value creation has set off an intense debate in academia over how strategic management and entrepreneurship relate to each other culminating in the concept of 'strategic entrepreneurship'. As a result, the term 'strategic entrepreneurship', albeit widely used and defined, remains a theoretical concept indicating little more than a potential relationship between the two fields. Such debate, therefore, although fruitful for and typical of dynamic research fields in the process of transformation, may not be as useful for theoretical advancement as practice–informed approaches to theoretical model construction. We thus adopt such an approach by choosing as a starting point a setting in which strategic and entrepreneurial forces meet: the management of private equity funded firms. At the heart of our contribution lies the development of a new theoretical construct, entrepreneurial strategising, which is embedded in the relevant streams of both the strategy and entrepreneurship literature and, to a lesser extent, of behaviourist economics and the statistical notion of uncertainty. Specifically, entrepreneurial strategising refers to the dynamic capability of an organisation to employ discrete strategic and entrepreneurial mindsets; that is, mental models used by decision–takers situationally and, in some instances, simultaneously.
Keywords: strategic entrepreneurship, entrepreneurial mindset, behavioural entrepreneurship, theoretical construct, private equity, entrepreneurial strategising, entrepreneurial venturing, mental models
Keywords: strategic entrepreneurship, entrepreneurial mindset, behavioural entrepreneurship, theoretical construct, private equity, entrepreneurial strategising, entrepreneurial venturing, mental models
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Publisher
Inderscience Enterprises
Publisher place
Genève [u.a.]
Volume
7
Number
1
Start page
84
End page
101
Pages
18
Subject(s)
Division(s)
Eprints ID
252481