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| Author: | Ireland, R.D. Hitt, M.A. Sirmon, D.G. |
| Title: | A model of strategic entrepreneurship: the consruct and its dimensions |
| Journal: | Journal of Management
2003 : VOL. 29:6, p. 963-989 |
| Index terms: | Entrepreneurship Strategic management Leadership Resources Competitive advantage Creativity Innovation |
| Language: | eng |
| Abstract: | Strategic entrepreneurship (SE) involves simultaneous opportunity-seeking and advantage-seeking behavior and results in superior firm performance. On a relative basis, small entrepreneurial ventures are effective in identifying opportunities but are less successful in developing competitive advantages needed to appropriate value from those opportunities. In contrast, large, established firms often are relatively more effective in establishing competitive advantages but are less able to identify new opportunities. The authors of this paper argue that SE is a unique, distinctive constuct through which firms are able to create wealth. The authors develop a model of SE that explains how these dimensions are integrated to create wealth. |
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