Edited by Friederike Welter and William B. Gartner
There is growing recognition that entrepreneurship can be better understood within its context(s). This carefully designed book invites readers to take a journey: from reflecting critically on where the discussion on context and entrepreneurship stands today towards identifying future research questions and themes that deserve the attention of entrepreneurship scholars. This collection draws attention to the research challenges the entrepreneurship field faces by reviewing the many facets of contexts and by reflecting on methods and theoretical approaches that are required in order to contextualize entrepreneurship research.
Students and academics interested in context and entrepreneurship will benefit from this far-reaching and forward-thinking book.
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Chapter 10: Advancing understanding of entrepreneurial embeddedness: forms of capital, social contexts and time
In this chapter, we set out a research agenda for extending and deepening our understanding of embeddedness in various contexts. Specifically, we advocate Bourdieu’s theory of practice as a conceptual frame for furthering our understanding of entrepreneurial embeddedness. We argue that it is time to question the primacy of economic capital and to, instead, consider in more detail the complex interplays of cultural, social, and symbolic capital. We also propose that future research explore a wider range of non-mainstream contexts, especially those lacking significant endowments of financial resources. Furthermore, we suggest that our epistemology should recognize the inter-subjectivity of entrepreneurial embeddedness and that we enact this through our methods.
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