542 ENTREPRENEURSHIP
27.Walden Kayaks closed down in late 2004, but
it survives as http://www.waldenkayak.com/.- E. Penrose, The Theory of the Growth of the
Firm(New York: John Wiley, 1959): 55-57.
This book was the precursor to the develop-
ment of the resource-based theory that is the
foundation for this text. - J. McMullen, and D. Shepard, “Entrepre-
neurial Action and the Role of Uncertainty in
the Theory of the Entrepreneur,” Academy of
Management Review 31, no. 1, 2006: 132-
152. - The study can be found in papers collected at
http://www.aeaweb.org.annua._mtg_papers/2006
papers.html. Retrieved from the Web April
28, 2006. T. Astebro, “The Return to
Independent Invention,” Economic Journal,
2003. The quote by Baumol is from
“Economic Focus: Searching for the Invisible
Man,” Economist, March 11, 2006: 68. - S. D. Sarasvathy, “Entrepreneurship as
Economics with Imagination,” Business Ethics
Quarterly, The Ruffin Series #3 on
Entrepreneurship and Business Ethics, 2002:
95-112.
32.G. O’Driscoll, K. Holmes and M. Kirk-
patrick, “Who’s Free, Who’s Not,” The Wall
Street Journal, November 1, 2000: A26. - M. Jordan, “How One Woman Stormed
Vietnam to Realize a Dream,” The Wall Street
Journal, May 5, 1994: 1. - J. Vitullo-Martin, “Moscow Entrepreneurs
Seize Golden Opportunity,” The Wall Street
Journal, January 20, 1997: A11.
35.A. Grimes, “A Liberal Entrepreneur Finds
Room to Grow; Then Politics Intrude,” The
Wall Street Journal, October 5, 2000: A1.
36.T. Richman, “Creators of the New Econ-
omy,” Inc.’s “The State of Small Business,”
1997: 44–48 - This is another factor contributing to the def-
initional confusion. - D. Birch, J. Gunderson, A. Haggerty, and W.
Parsons, Corporate Demographics.(Cambridge
MA: Cognetics, Inc., 1999). - R. Lesonsky, “Ahead of the Pack,” Entrepre-
neur. Retrieved from the Web January 25,
2007. http://www.entrepreneur.com/article/
printthis/171824.html.
40.Richman, 1997. - Richman, 1997.
- In fact, one professor of entrepreneurship
referred to the teaching and taking of entre-
preneurship courses as an oxymoron—the
juxtaposition of two incompatible ideas.- These terms will be defined and their mean-
ings elaborated in the next chapter. - Conner, 1991.
- R. Holcombe, “The Origins of Entrepre-
neurial Opportunities,” Review of Austrian
Economics16, no. 1, 2003: 25-43. - P. Drucker, Innovation and Entrepreneurship
(New York: Harper & Row, 1985). - L. Carrel, “After a Dubious Movie Moment,
‘Coyote Bar’ Concept Shines,” The Wall
Street Journal,November 16, 2004:B1. - Drucker, 1985.
- W. Gartner, “A Conceptual Framework for
Describing the Phenomenon of New Venture
Creation,” Academy of Management Review
10, l985: 696–706. - This brief discussion owes its genesis to Chris
Argyris’ discussion of the ethics of a consult-
ant in Intervention Theory and Method: A
Behavioral Science View (Reading, MA:
Addison Wesley, 1973). - S. Caminiti, “A Payoff from a Good Reputa-
tion,” Fortune, February 10, 1992: 74–77.
This is a quote from Laurel Cutler. - D. Garvin, Managing Quality (New York:
Free Press, 1998). See chapters 3 and 4 for a
detailed discussion. This is one of the seminal
books that launched the “quality” revolution
in the United States. - Garvin, 1998.
- Garvin, 1998.
- Rather than repeating the four desirable
attributes of resources constantly throughout
the book, we will adopt the convention of
calling them “the four attributes” of the
resource-based model or “VRIN” (valuable,
rare, imperfectly imitable [hard to copy], and
nonsubstitutable). - First attributed to the VRIN comedian,
Groucho Marx. - J. Bain, “Economies of Scale, Concentration,
and the Conditions of Entry in Twenty
Manufacturing Industries,” American Econo-
mic Review44, 1980: 15 - 39. M. Porter,
Competitive Strategy(New York: Free Press,
1980).
Chapter 2- J, Barney, “Strategic Factor Markets: Expec-
tations, Luck and Business Strategy,” Man-
agement Science 32, l986: 1231–1241.