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The Theory of Entrepreneurial Competence

In: The Theory of Entrepreneurship

Author

Listed:
  • Chandra S. Mishra

    (Florida Atlantic University)

  • Ramona K. Zachary

    (The City University of New York)

Abstract

Within the Entrepreneurial Value Creation Theory, the Theory of Entrepreneurial Competence combines resources and opportunities, propelled by entrepreneurial intention, resulting in an entrepreneurial competence as a key source of value creation generated from within Stage 1—Formulation. Specifically, within the Theory of Entrepreneurial Intentionality, entrepreneurial intention and adaptability, via the feasibility modulator, adjusts and adapts entrepreneurial resources. Next, the entrepreneur advances forward to the effectuation multiplier, which deploys entrepreneurial resources to reconfigure the entrepreneurial opportunity into an entrepreneurial competence, which then leads into Stage 2—Monetization (see figure 5.1). This iterative process can also initiate from the intention input and cycle through this internal process between the feasibility modulator and the effectuation multiplier.

Suggested Citation

  • Chandra S. Mishra & Ramona K. Zachary, 2014. "The Theory of Entrepreneurial Competence," Palgrave Macmillan Books, in: The Theory of Entrepreneurship, chapter 5, pages 115-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37146-1_5
    DOI: 10.1057/9781137371461_5
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    Cited by:

    1. Md. Abdul Momen & Shamsul Huq Bin Shahriar & Md. Kamrul Hassan & Seyama Sultana, 2020. "Determinants of Using Social Networking Sites Toward Entrepreneurial Success: Experience from a Developing Nation," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 191-200, November.
    2. Sandra Misiak-Kwit & Yunhua Zhang, 2022. "Entrepreneurial attitude of students - comparative study between China and Poland," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(3), pages 118-133, March.
    3. Amare Abawa Esubalew & A. Raghurama, 2021. "The moderating effect of size on the relationship between commercial banks financing and the performance of micro, small, and medium enterprises (MSMEs)," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 1-14, December.
    4. Sandra Misiak-Kwit & Małgorzata Wiścicka-Fernando & Kelaniyage Shihan Dilruk Fernando, 2021. "The Symbiotic Mutualism between Co-Creation and Entrepreneurship," Sustainability, MDPI, vol. 13(11), pages 1-12, June.

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