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A Socially Situated Praxeological Approach to Entrepreneurship

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  • Gabriel A. Giménez-Roche

    (Gabriel A. Giménez-Roche is Professor of Economics and Head of the Economics Department, Champagne School of Management at Troyes, France)

Abstract

What is the precise nature of entrepreneurial action in economic and business analyses? Moreover, what is the relationship between the entrepreneur’s action and the socio-institutional environment where this action takes place? The difficulty in specifying the nature of the entrepreneurial act and its interaction with the socio-institutional environment is to be found in the lack of development of an actual theory of action, in which entrepreneurship can be contextualised. This article aims at the delineation of a socially situated action theory to be used in the analysis of entrepreneurship. One of the main results of using the action theory developed in this study is that entrepreneurial action is defined by its institutional autonomy within society. This leads to the conclusion that entrepreneurial action is a tridimensional praxeological phenomenon, which integrates profit-seeking, uncertainty-bearing and ultimate power of decision-making in the one person of the acting entrepreneur.

Suggested Citation

  • Gabriel A. Giménez-Roche, 2011. "A Socially Situated Praxeological Approach to Entrepreneurship," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 20(2), pages 159-187, September.
    • Handle: RePEc:sae:jouent:v:20:y:2011:i:2:p:159-187
    DOI: 10.1177/097135571102000201
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    1. Gabriel A. Giménez Roche & Didier Calcei, 2021. "The role of demand routines in entrepreneurial judgment," Small Business Economics, Springer, vol. 56(1), pages 209-235, January.
    2. Szaban Jolanta & Skrzek-Lubasińska Małgorzata, 2018. "Self-Employment and Entrepreneurship: A Theoretical Approach," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(2), pages 89-120, June.

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