Just over 100 years ago, Joseph A. Schumpeter published Theorie, which, along with his other works, has shaped the field of entrepreneurship. Since then, so little research has examined the interiors of the entrepreneurial experiences and its processes. Today's treatments of entrepreneurship often consist of a cadre of disparate and discipline-based conceptual and theoretical discourses that offer their particular values and contributions.
The Theory of Entrepreneurship examines the interiors of the entrepreneurial value creation process and offers a new unified and comprehensive theory to afford empirical investigations as well as to delineate a broader view of the entrepreneurial contextual milieu. The theory is a two-stage value creation through internalization-a Nail It stage and a Scale It stage-where each stage of internalization has a source, a value lever, a feedback process, a value multiplier, and a value-added output.
This title is necessary reading for all entrepreneurship scholars. Review: This book is an important contribution to understanding the phenomenon of entrepreneurship in its entirety. It is thorough and comprehensive in its exploration of current research and knowledge in the entrepreneurship field and offers a framework for combining the many disparate threads of evidence on entrepreneurship that have been generated over the past 40 years.
The book offers critical insights about entrepreneurial processes that have significant implications for practice, theory, and future research efforts. - William Gartner, Professor of Entrepreneurship and the Art of Innovation, Copenhagen Business School, Denmark By recombining bits of knowledge about entrepreneurship, Mishra and Zachary have created a cohesive whole that is worth more than the sum of its parts. - Dean A.
Shepherd, Professor and David H. Jacobs Chair of Strategic Entrepreneurship, Editor-in-Chief, Journal of Business Venturing, Indiana University, USA This stimulating book integrates opportunity seeking and competence creation to provide an exciting new framework for understanding entrepreneurial behaviour.
It will be essential reading for scholars and practitioners alike. - Mark Casson, Professor of Economics, University of Reading, United Kingdom The Theory of Entrepreneurship offers the reader a comprehensive and integrated theoretical framework of the entrepreneurial process within the context of value creation.
The book is a must read for any serious researcher exploring issues in entrepreneurship. - J. William Petty, Professor of Finance and W.W. Caruth Chair of Entrepreneurship, Baylor University, USA The Theory of Entrepreneurship contrasts ever finer-grained theorizing with an ambitious theoretical model of breadth and scope, tying together the major elements of the entrepreneurship education and training process. - Jerome A.
Katz, Coleman Foundation Professor of Entrepreneurship, Saint Louis University, USA Mishra and Zachary introduce the comprehensive theory we have been seeking-the creation of value through entrepreneurship. They show it is not just the creative individual, but a complex interaction of factors that lead to success. - Frank Hoy, Paul R.
Beswick Professor of Entrepreneurship, Director of the Collaborative for Entrepreneurship and Innovation, Worcester Polytechnic Institute, USA
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