Strategic Entrepreneurship: Identifying Domains in a Developmental Configuration Approach

Management Research News, p.33 ff, 2009

Posted: 22 Mar 2010 Last revised: 29 Apr 2010

See all articles by Sascha Kraus

Sascha Kraus

Hochschule Liechtenstein

Ilkka Kauranen

Aalto University

Carl Henning Reschke

Institute for Management Research Cologne

Date Written: March 15, 2009

Abstract

The majority of today’s organizations – no matter what size, age or industry – are faced with the challenge of continuous and dynamic change, particularly in the context of the current financial crisis. In times of growing uncertainty and increasing speed of change, both new threats and new opportunities emerge. This leads to the question: what are the key drivers for organizational success? A growing numbers of scholars have proposed the concept of “strategic entrepreneurship” to capture a firm’s effort to simultaneously exploit existing competitive advantages while exploring to determine what needs to be done in the future to remain successful.

The identification and exploitation of these opportunities is the essence of entrepreneurship – whereas the essence of strategic management is in how these opportunities can be transformed into sustainable competitive advantages. In the last years, more and more scholars have called for the integration of two fields of entrepreneurship and strategic management. The need for integration emerges as strategists, require resources in order to exploit opportunities (mostly under uncertain conditions) – and entrepreneurs require a strategic perspective in their planning and actions.

Keywords: configuration research, entrepreneurial strategy, planning, organizational success

Suggested Citation

Kraus, Sascha and Kauranen, Ilkka and Reschke, Carl Henning, Strategic Entrepreneurship: Identifying Domains in a Developmental Configuration Approach (March 15, 2009). Management Research News, p.33 ff, 2009, Available at SSRN: https://ssrn.com/abstract=1571669

Sascha Kraus

Hochschule Liechtenstein ( email )

Fürst Franz Josef Strasse
Vaduz, 9490
Liechtenstein

Ilkka Kauranen

Aalto University ( email )

P.O. Box 21210
Helsinki, 00101
Finland

Carl Henning Reschke (Contact Author)

Institute for Management Research Cologne ( email )

Mainzer Str. 80
Cologne, 50678
Germany

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