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Strategic Management's Potential Contributions to a Theory of Entrepreneurship

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  • William R. Sandberg

Abstract

The article offers an overview of strategic management and its various schools of thought, followed by a summary of the field of entrepreneurship and its own disagreements over definition and boundaries. It suggests that strategic management might help resolve such disagreements through its focus on “the entrepreneurial work of the organization,†which is based on variables that describe the organization's industry, resources, processes, and strategy. Finally, the article both describes and proposes contributions of strategic management to entrepreneurship theory, specifically addressing issues of new business creation, innovation, opportunity seeking, risk assumption, top management teams, and group processes in strategic decisions.

Suggested Citation

  • William R. Sandberg, 1992. "Strategic Management's Potential Contributions to a Theory of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 16(3), pages 73-90, April.
    • Handle: RePEc:sae:entthe:v:16:y:1992:i:3:p:73-90
    DOI: 10.1177/104225879201600305
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    References listed on IDEAS

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    1. Michael A. Hitt & Beverly B. Tyler, 1991. "Strategic decision models: Integrating different perspectives," Strategic Management Journal, Wiley Blackwell, vol. 12(5), pages 327-351, July.
    2. Gartner, William B., 1990. "What are we talking about when we talk about entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 5(1), pages 15-28, January.
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    Cited by:

    1. Deborah H. Francis & William R. Sandberg, 2000. "Friendship within Entrepreneurial Teams and its Association with Team and Venture Performance," Entrepreneurship Theory and Practice, , vol. 25(2), pages 5-26, December.
    2. Mezias, Stephen J. & Kuperman, Jerome C., 2001. "The community dynamics of entrepreneurship: The birth of the american film industry, 1895-1929," Journal of Business Venturing, Elsevier, vol. 16(3), pages 209-233, May.
    3. Frank Hoy & Trudy G. Verser, 1994. "Emerging Business, Emerging Field: Entrepreneurship and the Family Firm," Entrepreneurship Theory and Practice, , vol. 19(1), pages 9-23, October.
    4. Marcus Box & Tommy Larsson Segerlind, 2018. "Entrepreneurial Teams, Gender, and New Venture Survival: Contexts and Institutions," SAGE Open, , vol. 8(2), pages 21582440187, May.
    5. Kay H. Hofmann & Gregory Theyel & Craig H. Wood, 2012. "Identifying Firm Capabilities as Drivers of Environmental Management and Sustainability Practices – Evidence from Small and Medium‐Sized Manufacturers," Business Strategy and the Environment, Wiley Blackwell, vol. 21(8), pages 530-545, December.
    6. R. Lamadrid & A. Heene & X. Gellynck, 2008. "Rewiring Business Firms through an Entrepreneurial-Oriented Strategy Making," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/499, Ghent University, Faculty of Economics and Business Administration.
    7. Pramodita Sharma & James J. Chrisman, 1999. "Toward a Reconciliation of the Definitional Issues in the Field of Corporate Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 23(3), pages 11-28, April.
    8. Deryck J van Rensburg, 2013. "Is Strategic Entrepreneurship a Pleonasm?," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 4(1), pages 15-27, February.
    9. Lindow, Corinna M. & Stubner, Stephan & Wulf, Torsten, 2010. "Strategic fit within family firms: The role of family influence and the effect on performance," Journal of Family Business Strategy, Elsevier, vol. 1(3), pages 167-178, September.
    10. Muhammad Abi Sofian Abdul Halim & Hasyaniza Yahya & Syahrul Hezrin Mahmud & Fatimah Zainab, 2011. "The Satisfaction of Entrepreneurs in Terengganu Private Limited Companies toward the Concept of Corporate Entrepreneurship: A Descriptive Analysis," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 1(5), pages 82-91, December.
    11. Michael Hilb & Tomas Casas, 2015. "Towards a construct of entrepreneurial strategising: the case of private equity," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 7(1), pages 84-101.
    12. Bruyat, Chirstian & Julien, Pierre-Andre, 2001. "Defining the field of research in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 16(2), pages 165-180, March.
    13. Jeffrey G. Covin & Morgan P. Miles, 2007. "Strategic Use of Corporate Venturing," Entrepreneurship Theory and Practice, , vol. 31(2), pages 183-207, March.
    14. Grant T. Savage & Janice A. Black, 1995. "Firm-Level Entrepreneurship and Field Research: The Studies in Their Methodological Context," Entrepreneurship Theory and Practice, , vol. 19(3), pages 25-34, April.
    15. Shaker A. Zahra, 1994. "New Product Innovation in Established Companies: Associations with Industry and Strategy Variables," Entrepreneurship Theory and Practice, , vol. 18(2), pages 47-69, January.
    16. Blanca Victoria Zirufo-Briones & Norberto Pelegrín-Entenza, 2023. "Model for the Strategic Governance of the Integrated and Sustainable Local Development of the Portoviejo Canton in the Province of Manabí, Ecuador," Sustainability, MDPI, vol. 15(19), pages 1-26, September.
    17. Daniel P. Forbes & Patricia S. Borchert & Mary E. Zellmer–Bruhn & Harry J. Sapienza, 2006. "Entrepreneurial Team Formation: An Exploration of New Member Addition," Entrepreneurship Theory and Practice, , vol. 30(2), pages 225-248, March.
    18. Denis A. Grégoire & Martin X. Noël & Richard Déry & Jean–Pierre Béchard, 2006. "Is There Conceptual Convergence in Entrepreneurship Research? A Co–Citation Analysis of Frontiers of Entrepreneurship Research, 1981–2004," Entrepreneurship Theory and Practice, , vol. 30(3), pages 333-373, May.

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