Entrepreneurial Processes in a Changing Economy

Entrepreneurial Processes in a Changing Economy

Frontiers in European Entrepreneurship Research

Frontiers in European Entrepreneurship series

Edited by Friederike Welter, David Smallbone and Anita Van Gils

The contributors take a closer look at what constitutes entrepreneurial processes; how entrepreneurs develop their businesses and access critical resources in times of crisis; and which roles knowledge and innovation play in continuous venture development. The chapters included in this volume give a flavour of the themes and approaches featuring in contemporary entrepreneurship and small business research in Europe.

Chapter 10: The State of the Art of Knowledge Research in Entrepreneurship: A Ten-year Literature Review

Alejandro Campos and Esther Hormiga

Subjects: business and management, entrepreneurship

Extract

Alejandro Campos and Esther Hormiga 1. INTRODUCTION This chapter presents an in-depth analysis of the different perspectives in which knowledge in the field of entrepreneurship has been studied and addressed during the last ten years – 2000 to 2010 – along with some conclusions and future research topics. Our aim is that this extensive literature review should serve as a reference point for researchers by establishing the state of the art of knowledge in the field of entrepreneurship. Many researchers view companies as sets of resources systematically exploited and interrelated for producing and trading goods or services. For more than two decades now scholars have explored phenomena concerning companies and organizations, basing their research on an analysis of resources (Barney 2001; Conner and Prahalad 1996; Grant 1991; Wernerfelt 1984). After recognizing and categorizing company resources, researchers identified knowledge as one of the most important within a firm (Grant 1996; Wright et al. 2007). Its importance is so great that it has led to the development of new theories – derived from a resource-based viewpoint – specializing in studying knowledge management as a particular resource: knowledge-based theory (Grant 1996; Nickerson and Zenger 2004) and knowledge-management theory (Nonaka 1991; Nonaka and Takeuchi 1995; Thompson and Walsham 2004). The case of entrepreneurship is no different. Entrepreneurship is a phenomenon that has received special attention from scholars worldwide over the last few decades. Of all the wide variety of resources and capabilities that give birth to a company, knowledge is undoubtedly one of the most explored assets in...

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