Entrepreneurship: A State-of-the-Art Review

Abstract

This review paper delves deep into the roots of entrepreneurship literature and contributes to the literature by succinctly crystallizing the available literature on entrepreneurship. The Study highlights the major developments in the field of entrepreneurship and reveals how research in the field of entrepreneurship has moved from the content of entrepreneurship to the process of entrepreneurship. The study identifies different schools of thoughts in the development of entrepreneurship literature. The study highlights the role of contingency perspective for gaining additional insights about firm-level entrepreneurship. The study concludes with identification of a conceptual model of entrepreneurial orientation – business performance relationship for future researchers to ponder upon. The academicians, managers and the public policy makers can draw meaningful insights from this study.

Keywords: Entrepreneurship, Entrepreneurial behavior, Entrepreneurial opportunity recognition process, Entrepreneurial orientation, Entrepreneurial traits