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Hitt et al 2001 Strategic Management Journal

AI-generated Abstract

The paper discusses the convergence of strategic management and entrepreneurship, highlighting the need for integrating entrepreneurial thinking within strategic frameworks to navigate the uncertainties of the twenty-first century. It emphasizes the importance of entrepreneurial strategies for wealth creation and outlines the purpose of a special issue in the Strategic Management Journal, dedicated to exploring research that bridges these two fields. The authors argue that both new ventures and established firms must adopt a dual approach—being both entrepreneurial and strategic—to leverage critical resources and enhance their competitive advantage.