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Fools Rush in? The Institutional Context of Industry Creation

In: Entrepreneurship

Author

Listed:
  • Howard E. Aldrich

    (University of North Carolina)

  • C. Marlene Fiol

    (University of Colorado at Denver)

Abstract

Now organizations are always vulnerable to the liabilities of newness, but such pressures are especially severe when an industry is in its formative years. We focus on one set of constraints facing entrepreneurs in emerging industries-their relative lack of cognitive and sociopolitical legitimacy. We examine the strategies that founders can pursue, suggesting how their successful pursuit of legitimacy may evolve from innovative ventures to broader contexts, collectively reshaping industry and institutional environments.

Suggested Citation

  • Howard E. Aldrich & C. Marlene Fiol, 2007. "Fools Rush in? The Institutional Context of Industry Creation," Springer Books, in: Álvaro Cuervo & Domingo Ribeiro & Salvador Roig (ed.), Entrepreneurship, pages 105-127, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-48543-8_5
    DOI: 10.1007/978-3-540-48543-8_5
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    Cited by:

    1. Thanh Tiep Le & Abhishek Behl & Gary Graham, 2023. "The Role of Entrepreneurship in Successfully Achieving Circular Supply Chain Management," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(4), pages 537-561, December.

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