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http://ssrn.com/abstract=900200
 
 

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Discovery and Creation: Alternative Theories of Entrepreneurial Action


Sharon Alvarez


Ohio State University (OSU) - Department of Management & Human Resources

Jay B. Barney


Ohio State University (OSU) - Department of Management & Human Resources

May 2006

Fisher College of Business Working Paper No. 2006-01-005

Abstract:     
Two theories of entrepreneurial action - Discovery Theory and Creation Theory - are discussed. While Discovery Theory and its assumptions have been addressed in the literature, neither the assumptions of Creation Theory nor how they are related to the assumptions of Discovery Theory have yet been discussed. The empirical implications of these two theories for research on entrepreneurial action, generally, and for three specific entrepreneurial actions - entrepreneurial decision making, business planning, and new venture financing - in particular, are then discussed. It is shown that these two theories will often make contradictory predictions about the effects of entrepreneurial actions on the ability of entrepreneurs to produce new products or services.

Number of Pages in PDF File: 47

Keywords: Entrepreneurial Action, Risk, Ambiguity, Entrepreneurial Decision Making

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Date posted: May 9, 2006  

Suggested Citation

Alvarez, Sharon and Barney, Jay B., Discovery and Creation: Alternative Theories of Entrepreneurial Action (May 2006). Fisher College of Business Working Paper No. 2006-01-005. Available at SSRN: http://ssrn.com/abstract=900200 or http://dx.doi.org/10.2139/ssrn.900200

Contact Information

Sharon Alvarez (Contact Author)
Ohio State University (OSU) - Department of Management & Human Resources ( email )
700 Fisher Hall
2100 Neil Avenue
Columbus, OH 43210-1144
United States
HOME PAGE: http://fisher.osu.edu/departments/management-and-hr/faculty-info/Faculty-Homepages/Sharon-Alvarez

Jay Barney
Ohio State University (OSU) - Department of Management & Human Resources ( email )
700 Fisher Hall
2100 Neil Avenue
Columbus, OH 43210-1144
United States
614-688-3161 (Phone)

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