Innovations, Stakeholders & Entrepreneurship

Posted: 13 Aug 2009

See all articles by Nicholas Dew

Nicholas Dew

University of Virginia - Darden School of Business

Saras D. Sarasvathy

University of Virginia - Darden School of Business

Date Written: 2007

Abstract

In modern societies entrepreneurship and innovation are widely seen as key sources of economic growth and welfare increases. Yet entrepreneurial innovation has also meant losses and hardships for some members of society: it is destructive of some stakeholders’ wellbeing even as it creates new wellbeing among other stakeholders. Both the positive benefits and negative externalities of innovation are problematic because entrepreneurs initiate new ventures before their private profitability and/or social costs can be fully recognized. In this paper we consider three analytical frameworks within which these issues might be examined: pre-commitments, contractarianism, and an entrepreneurial framework. We conclude that the intersection of stakeholder theory and entrepreneurial innovation is a potentially rich arena for research.

Suggested Citation

Dew, Nicholas and Sarasvathy, Saras D., Innovations, Stakeholders & Entrepreneurship (2007). Batten Institute Research Paper No. 2007 D 1, Journal of Business Ethics, Vol. 74, No. 3, 2007, Available at SSRN: https://ssrn.com/abstract=1437175

Nicholas Dew (Contact Author)

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Saras D. Sarasvathy

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.effectuation.org

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