ticipate the possibility of the entrepreneur
creating a “virtual” organization. This is an
organization that employs other organi-
zations almost exclusively to carry out the
functions that are ordinarily thought of as
being performed within the enterprise.- J. Schumpeter, The Theory of Economic
Development (Cambridge, MA: Harvard
University Press, 1934). - Although one can argue that the origins of
the theory can be claimed by E. Penrose in
her book, The Theory of the Growth of the Firm
(New York: Wiley, l959), it really was not
until the mid-1980s that the resource-based
theory of sustained competitive advantage
began to be explored and developed in man-
agement terms. Two particularly salient arti-
cles are: J. Barney, “Firm Resources and
Sustained Competitive Advantage,” Journal
of Management 17, 1991: 99–120; and K.
Conner, “A Historical Comparison of
Resource-Based Theory and Five Schools of
Thought Within Industrial Organization
Economics: Do We Have a New Theory of
the Firm?” Journal of Management 17,
1991:121–154. Barney and Conner make the
initial claim that this theory may supersede
others as a theory of the firm. A solid bibli-
ography of RBV articles can be found at
http://www.istheory.yorku.ca/rbv.htm. New
work is being published all the time. - B. Wernerfelt, “A Resource-Based View of
the Firm,” Strategic Management Journal 5,
1984: 171-180. - J. Barney, “Is the Resource-Based View a
Useful Perspective for Strategic Management
Research? Yes,” Academy of Management
Review26, no. 1, 2001: 41-56.
24.M. Morris and F. Jones, “Entrepreneurship in
Established Organizations: The Case of the
Public Sector,” Entrepreneurship: Theory and
Practice 24, no. 1, 1999: 71–91. - W. Baumol, Business Behavior: Value and
Growth (New York: Harcourt Brace, 1967). - J. Carland, F Hoy, W. Boulton, and J. Car-
land, “Differentiating Entrepreneurs from
Small Business Owners: A Conceptualiza-
tion,” Academy of Management Review 9,
1984: 354–359.
Chapter 1
- Quoted in Patricia B.Gray, “Do You Need
School to Succeed?” Fortune Small Business,
CNN Money.com. Retrieved from the Web
March 1, 2006. http://money.cnn.com/maga-
zines/fsb/fsb_archive/2006/03/01/8370301/i
ndex.htm. - “Know Your Future, Economist, Special sec-
tion on “A Survey of the Young,” December
23, 2000: 6-9 - “It’s a Great Time to Be an Entrepreneur.”
Retrieved from the Web April 28, 2006.
http://bnoopy.typepad.com/bnoopy/2005/0
6/its_a_great_tim.html. - “Know Your future,” 2000.
- As students and teachers, we need to give
more thought to this phenomenon. If the
trend continues, there will be the need for
lifelong learning as entrepreneurial skills and
environments may change many times over
the course of any individual’s career. - “Know Your Future,” 2000
- “Know Your Future,” 2000.
- “Know Your Future,” 2000.
- “Know Your Future,” 2000.
- “Know Your Future,” 2000.
- “ It’s a Great Time to Be an Entrepreneur,”
- F. DiMeglio, “The B-School Route to Career
Change,” Business Week Online,special report,
“Second Acts,” January 19 2006. - Gray, 2006.
- One model of lifelong entrepreneurial educa-
tion is being pursued by the Consortium for
Entrepreneurial Education at http://www.
entre-ed.org/. The consortium introduces the
subject and experience in secondary schools. - J. Boyette and H. Conn, Workplace 2000
(New York: Dutton, 1991). - S. Perman, “Act II: A Biz of One’s Own.”
BusinessWeek Online, special report, 2006.
Retrieved from the Web January 17, 2006. - M. Mangalindan, “And the Opening Bid Is..
. “ The Wall Street Journal Report: Encore,
September 26, 2005: R9. - M. Low and J. MacMillan, “Entrepreneur-
ship: Past Research and Future Challengers.”
Journal of Management 14, 1988:139–161. - The term network was added here to an-
Notes
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