Table of Contents

The Dynamics between Entrepreneurship, Environment and Education

The Dynamics between Entrepreneurship, Environment and Education

European Research in Entrepreneurship series

Edited by Alain Fayolle and Paula Kyrö

This book introduces the expanding European dialogue between entrepreneurship, environment and education. It considers the shape, dimensions and horizon of this multidisciplinary landscape in entrepreneurship research. The striking differences and contradictions in entrepreneurial activities, readiness and innovativeness within European countries and the proactive attitude and activities of European competitors impose a demand for a better understanding of the complex dynamics.

Chapter 11: Linking Entrepreneurial Orientation and Dynamic Capabilities: Research Issues and Alternative Models

Jorunn Grande

Subjects: business and management, entrepreneurship, management education, management and universities, economics and finance, environmental economics, education, management and universities, management education, environment, environmental economics

Extract

Jorunn Grande INTRODUCTION The purpose of this chapter is to highlight the relationship between entrepreneurial orientation (EO) and dynamic capability (DC) in small and new firms. These two concepts have received increasing attention in the separate fields of entrepreneurship and strategic management due to their connection to value creation and firm performance (Teece, Pisano and Shuen, 1997; Eisenhardt and Martin, 2000; Lumpkin and Dess, 1996; Wiklund, 1999). Following results in these fields firm-specific resources, dynamic capability and entrepreneurial efforts will be essential in enabling firms to renew and sustain competitive advantage. Nonetheless even if wealth creation is at the heart of both EO and DC few studies have addressed both concepts in the same study. Researchers have also pointed out a lack of knowledge on development of DC in new firms (Newbert, 2005; Zahra et al., 2006). In addition research on entrepreneurial efforts and resource reconfiguration in small firms is limited (Dale Meyer et al., 2002). To address these research gaps possible links between the EO and DC perspectives are discussed and five alternative models are suggested to illustrate their possible relationships and their potential as a departing point for future studies. The relationship between the EO and DC approach is particularly interesting in new and small firms because elements from both concepts are likely to interact in sustaining competitiveness in these firms. Small businesses often face severe challenges when their competitive and political environment changes. Studies have shown that they are especially vulnerable in periods...

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