544 ENTREPRENEURSHIP
- J. Schumpeter, Capitalism, Socialism and
Democracy, 3rd ed. (New York: Harper &
Row, 1950). Schumpeter first coined the
phrase “destructive capitalism” in his descrip-
tion of entrepreneurship as the force that ini-
tiates change in capitalistic systems. - M. Kakati, “Success Criteria in High-Tech
Ventures,” Technovation23, no. 5, 2003: 447. - I. Grousbeck, M. Roberts, and H. Stevenson,
New Business Ventures and the Entrepreneur
(Homewood, IL: Irwin, 1989). See, espe-
cially, chapter 1. - See, for example, A. Strickland and A.
Thompson, Strategic Management: Concepts
and Cases. (Homewood, IL: Irwin, l992). - J. Barney, 1986. Barney also makes a case that
luck plays a much larger role in entrepre-
neurship and business success in general. This
view may also explain why there is incon-
gruence between “rich” and “smart.” - http://en.wikipedia.org/wiki/Bertrand_com-
petition. Retrieved from the Web, January
30, 2007. - Barney, 1991.
- Barney, 1991.
- For more on culture and its effects, see C.
Enz, Power and Shared Values in the Corporate
Culture (Ann Arbor: UNI Research Press,
l984); and G. Hofstede, Culture’s Conse-
quences: International Differences in Work-
Related Values (Beverly Hills: Sage
Publications, l984). - There is now a fairly large literature on insti-
tutional theory. A good summary article is A.
Kondra and C. Hinings, “Organizational
Diversity and Change in Institutional
Theory,” Organizational Studies, Winter
1998. Retrieved from the Web May 10,
2006. http://www.findarticles.com/p/arti-
cles/mi_m4339/is_5_19/ai_65379676. An
article that tries to integrate the two
approaches is C. Oliver, “SCA: Combining
Institutional and Resource-Based Views,”
Strategic Management Journal 18, no. 9,
1997: 697-713. - Barney, 1991.
- H. Neck, G. D. Meyer, B. Cohen, and A.
Corbett, “An Entrepreneurial System View of
New Venture Creation,” Journal of Small
Business Management42, no. 2, 2004: 190-
208. - M. Dollinger, P. Golden, and T. Saxton, “The
Effects of Reputation on the Decision to
Joint Venture,” Strategic Management Journal
18, no, 2, 1997: 127–140. See also C.
Fombrun and M. Shanley, “What’s in a
Name? Reputation Building and Corporate
Strategy,” Academy of Management Journal
33, l990: 233–258.- Hamel and Prahalad refer to organizational
resources, particularly those that confer
strategic advantage on the firm, as “core com-
petencies.” See G. Hamel and C. Prahalad,
“The Core Competencies of the
Organization,” Harvard Business Review,
May–June 1990: 79–91. - G. Huber, “The Nature and Design of Post-
Industrial Organizations,” Management Sci-
ence 30, l984: 929–959. This article takes a
futuristic approach to organizational design
and is still ahead of its time. - Huber, 1984.
- C. Brush, L. Edelman, P. Green, and M.
Hart, “Resource Configurations over the Life
Cycle of New Ventures,” Frontiers of Entre-
preneurship Research, 1997 edition, Babson
College, Arthur M. Blank Center for
Entrepreneurship, Wellesley, MA. Retrieved
from the Web. http://edu/entrep/fer/
papers97/brush/bru1.htm. - R. Grant, Contemporary Strategy Analysis
(Oxford, UK: Blackwell, l992). - J. Freear and W. Wetzel, “The Informal Ven-
ture Capital Market in the 1990s.” In D. Sex-
ton and J. Kasarda (eds.), The State of the Art
of Entrepreneurship (Boston: PWS-Kent,
1992): 462-486. - Grant, 1992.
- We qualify this a bit when we say “on a strict-
ly financial basis.” Clearly, money raised from
organized crime activities is neither morally
nor contractually equivalent to a loan from
the local commercial bank. - R. Baron and G. Markham, “Social Skills and
Entrepreneurs’ Financial Success: Evidence
that the Ability to Get Along with Others
Really Matters,” Frontiers of Entrepreneurship
Research, 1998 edition, Babson College,
Arthur M. Blank Center for Entrepre-neur-
ship, Wellesley MA. Retrieved from the Web.
http://edu/entrep/fer/papers98/IV/IV_B/
IV_B.html. - O. Richard, “Racial Diversity, Business
Strategy and Firm Performance: A Resource-
Based View,” Academy of Management
Journal 43, no. 2, 2000: 164–177.