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Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis


Yasemin Y. Kor


University of South Carolina

Nicolai J. Foss


Copenhagen Business School - Department of Strategic Management and Globalization

Peter G. Klein


University of Missouri, Division of Applied Social Sciences; Norwegian School of Economics and Business Administration; Ludwig von Mises Institute

Joseph T. Mahoney


University of Illinois

November 2006

SMG Working Paper No. 18/2006

Abstract:     
This paper maintains that the consistent application of subjectivism helps to reconcile contemporary entrepreneurship theory with strategic management research in general, and the resource-based view in particular. The paper synthesizes theoretical insights from Austrian economics and Penrose's (1959) resources approach, arguing that entrepreneurship is inherently subjective and firm specific. This new synthesis describes how entrepreneurship is manifested in teams, and is driven by both heterogeneity of managerial mental models and shared team experiences.

Number of Pages in PDF File: 47

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Date posted: April 24, 2007  

Suggested Citation

Kor, Yasemin Y., Foss, Nicolai J., Klein, Peter G. and Mahoney, Joseph T., Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis (November 2006). Available at SSRN: http://ssrn.com/abstract=982150 or http://dx.doi.org/10.2139/ssrn.982150

Contact Information

Yasemin Y. Kor
University of South Carolina ( email )
Columbia, SC 29208
United States
Nicolai J. Foss (Contact Author)
Copenhagen Business School - Department of Strategic Management and Globalization ( email )
Porcelænshaven 24
Frederiksberg, 2000
Denmark
+45 3815 3030 (Phone)
+45 3815 3035 (Fax)
HOME PAGE: http://www.cbs.dk/staff/nicolai_foss
Peter G. Klein
University of Missouri, Division of Applied Social Sciences ( email )
135 Mumford Hall
Columbia, MO 65211
United States
573-882-7008 (Phone)
HOME PAGE: http://web.missouri.edu/~kleinp
Norwegian School of Economics and Business Administration ( email )
Breiviksveien 40
N-5045 Bergen
Norway
Ludwig von Mises Institute ( email )
United States
Joseph T. Mahoney
University of Illinois ( email )
1206 South Sixth Street
339 Commerce West
Champaign, IL 61820
United States
217-244-7969 (Phone)
217-244-4102 (Fax)
Feedback to SSRN (Beta)


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