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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.
Strategic Management Journal, 2001
… : Creating a new mindset, 2002
2009
The objective of this article is to create a better understanding of the intersection of the academic fields of entrepreneurship and strategic management, based on an aggregation of the extant literature in these two fields. The article structures and synthesizes the existing scholarly works in the two fields, thereby generating new knowledge. The results can be used to further enhance fruitful integration of these two overlapping but separate academic fields. The article attempts to integrate the two fields by first identifying apparent interrelations, and then by concentrating in more detail on some important intersections, including strategic management in small and medium-sized enterprises and start-ups, acknowledging the central role of the entrepreneur. The content and process sides of strategic management are discussed as well as their important connecting link, the business plan. To conclude, implications and future research directions for the two fields are proposed.
SSRN Electronic Journal, 2001
Entrepreneurship Theory and Practice, 2009
The nurture argument as to whether entrepreneurship gave rise to strategic thinking or the reverse has gathered momentum among scholars in the behavioural sciences. The paper therefore, seeks to clear the distinctive nature of both disciplines by examining scholarly positions on these fields of endeavour. The outcome from extant literatures indicate that entrepreneurship concerned itself with identification and exploitation of opportunities while strategic management focus on how these identified opportunities can be transformed into gaining sustainable competitive advantage within and outside the environment, though both disciplines contribute to value creation. In gaining competitive advantage, firms must look inward to assess their capabilities in terms of resources. The study also acknowledges the behavioural aspect of strategic management as well as entrepreneurship and discovered that strategic entrepreneurs can only function well when their behaviourial tendencies are taken into consideration. The study therefore, recommends that since strategic entrepreneurial thinking emanated as a result of knowledge churning, the concept be given the status of an academic discipline different from entrepreneurship as well as strategic management.
2011
Abstract: The field of strategic entrepreneurship is a fairly recent one. Its central idea is that opportunity-seeking and advantage-seeking—the former the central subject of the entrepreneurship field, the latter the central subject of the strategic management field—are processes that need to be considered jointly.
Strategic Entrepreneurship Journal, 2007
2012
Abstract: Strategic entrepreneurship is a newly recognized field that draws, not surprisingly, from the fields of strategic management and entrepreneurship. The field emerged officially with the 2001 special issue of the Strategic Management Journal on “strategic entrepreneurship”; the first dedicated periodical, the Strategic Entrepreneurship Journal, appeared in 2007.
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