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Revisiting the Emergence of the Modern Business Enterprise: Entrepreneurship and the Singer Global Distribution System

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  • Mark Casson
  • Andrew Godley

Abstract

abstract This paper approaches the question of why entrepreneurial firms exist from a broad business historical perspective. It observes that the original development of the modern business enterprise was very strongly associated with entrepreneurial innovation rather than an extension of managerial routine. The widely‐used theory of the entrepreneur as a specialist in judgmental decision making is applied to the particular point in time when entrepreneurs had to develop novel organizational designs in what Chandler described as the prelude to the ‘managerial revolution’. The paper illustrates how the theory of entrepreneurship then best explains the rise of the modern corporation by focusing on the case study of vertical integration par excellence, Singer.

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  • Mark Casson & Andrew Godley, 2007. "Revisiting the Emergence of the Modern Business Enterprise: Entrepreneurship and the Singer Global Distribution System," Journal of Management Studies, Wiley Blackwell, vol. 44(7), pages 1064-1077, November.
    • Handle: RePEc:bla:jomstd:v:44:y:2007:i:7:p:1064-1077
    DOI: 10.1111/j.1467-6486.2007.00723.x
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    Cited by:

    1. Conti, Claudio Ramos & Goldszmidt, Rafael & Vasconcelos, Flávio Carvalho de, 2020. "Firm characteristics and capabilities that enable superior performance in recessions," Journal of Business Research, Elsevier, vol. 119(C), pages 553-561.
    2. Lin, Hai-Fen & Su, Jing-Qin & Higgins, Angela, 2016. "How dynamic capabilities affect adoption of management innovations," Journal of Business Research, Elsevier, vol. 69(2), pages 862-876.
    3. Petter Gottschalk & Robert Smith, 2011. "Criminal entrepreneurship, white‐collar criminality, and neutralization theory," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 5(4), pages 300-308, October.
    4. Ke Zheng & Yufeng Li & Chaodang Wu, 2022. "How Do the Chinese New Farmers’ Entrepreneurial Talents Drive the Business Model Innovation of Agricultural Business Organizations? Case Study Based on Grounded Research," Businesses, MDPI, vol. 2(1), pages 1-13, March.
    5. Jean-François Hennart & Alain Verbeke, 2022. "Actionable and enduring implications of Oliver Williamson’s transaction cost theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1557-1575, October.
    6. Petter Gottschalk & Robert Smith, 2011. "Criminal entrepreneurship, white-collar criminality, and neutralization theory," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing, vol. 5(2), pages 300-308, September.

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