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The unit of analysis in entrepreneurship research : opportunities or investments?

Klein, Peter G.; Foss, Nicolai Juul
Doctoral thesis
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SOLDiscussion_paper_3_2008.pdf (106.2Kb)
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http://hdl.handle.net/11250/164318
Utgivelsesdato
2008-10
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  • Discussion papers (SOL) [27]
Sammendrag
The entrepeneurship literature in management focuses increasingly on opportunities — their

creation or discovery, evaluation, and exploitation — as the unit of analysis. We argue first,

that the opportunity perspective emerged from the “functional” literature in the economics of

entrepreneurship (mainly the works of Israel Kirzner), a literature that emphasizes not the in-

dividual entrepreneur per se, but the functions (e.g., market clearing) that entrepreneurs under-

take in a market economy; second, that most notions of entrepreneurship in economics and

management are not easily integrated into the theory of the firm; third, that the popular em-

phasis on opportunity discovery tends to direct attention from opportunity exploitation; and

fourth, that the Cantillon-Mises-Knight view of entrepreneurship as judgment links more na-

turally with the economic theory of the firm.
Utgiver
Norwegian School of Economics and Business Administration. Department of Strategy and Management
Serie
Discussion paper
2008:3

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