-
A Socially Situated Praxeological Approach to Entrepreneurship
November 19, 2011 Editor 0
What is the precise nature of entrepreneurial action in economic and business analyses? Moreover, what is the relationship between the entrepreneur’s action and the socio-institutional environment where this action takes place? The difficulty in specifying the nature of the entrepreneurial act and its interaction with the socio-institutional environment is to be found in the lack of development of an actual theory of action, in which entrepreneurship can be contextualised. This article aims at the delineation of a socially situated action theory to be used in the analysis of entrepreneurship. One of the main results of using the action theory developed in this study is that entrepreneurial action is defined by its institutional autonomy within society. This leads to the conclusion that entrepreneurial action is a tridimensional praxeological phenomenon, which integrates profit-seeking, uncertainty-bearing and ultimate power of decision-making in the one person of the acting entrepreneur.
Related Posts
Initiating nascent entrepreneurial activities
Logic alone does not lead to innovation
Collaborative entrepreneurship and the fostering of entrepreneurialism in developing countries- The invisible hand in entrepreneurial process: bricolage in emerging economies
Women to learn coding and business skills free of charge through Google’s supported #40forward initiative
Entrepreneurship Always Leads to Inequality
Stakeholder theory approach to technology incubators Securing post-succession continuity in family firms through knowledge transfer
