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To Achieve Success, Entrepreneurial Resources Must Be:

Academy of Management Perspectives

journal article

Strategic Entrepreneurship: Creating Value for Individuals, Organizations, and Society

Academy of Management Perspectives

Published By: Academy of Management

Academy of Management Perspectives

https://www. jstor .org/stable/23045065

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Abstract

The foci of strategic entrepreneurship (SE) are broad and rich, building on research from multiple disciplines such as economics, psychology, and sociology, along with other subdisciplines in management including organizational behavior and organization theory. Herein, we examine the contributions of strategic management and entrepreneurship to SE. Building on a previous model of SE, we develop an input-process-output model to extend our understanding of the SE construct. We examine the resource inputs into SE, such as individual knowledge and skills. In addition, we explore the resource orchestration processes that are important for SE and the outcomes, including creating value for customers, building wealth for stockholders, and creating benefits for other stakeholders, especially for society at large. Individual entrepreneurs also benefit through financial wealth, but other outcomes such as personal satisfaction and fulfillment of personal needs (e.g., self-actualization) may be of equal or even greater importance. Therefore, we incorporate in the model of SE multilevel outcomes that motivate entrepreneurs.

Journal Information

The mission of the new Academy of Management Perspectives (AMP) is to provide accessible articles about important issues concerning management and business. AMP articles are aimed at the non-specialist academic reader, not practicing managers, and rely on evidence as opposed to theory or opinion for their arguments. All articles are fundamentally based on research evidence, which can be quantitative or qualitative, but not on opinion. Articles focus on the phenomenon of business and management rather than theory; they do not necessarily have to advance the existing academic literature. Articles might include reviews of what we already know about particular topics, with an orientation specifically toward practical implications. Descriptive articles and those without a theoretical foundation, typically excluded from academic journals, might also be relevant if they advance our understanding of business and management practice.

Publisher Information

The Academy of Management (the Academy; AOM) is a leading professional association for scholars dedicated to creating and disseminating knowledge about management and organizations. The Academy's central mission is to enhance the profession of management by advancing the scholarship of management and enriching the professional development of its members. The Academy is also committed to shaping the future of management research and education. Founded in 1936, the Academy of Management is the oldest and largest scholarly management association in the world. Today, the Academy is the professional home for more than 18290 members from 103 nations. Membership in the Academy is open to all individuals who find value in belonging.

To Achieve Success, Entrepreneurial Resources Must Be:

Source: https://www.jstor.org/stable/23045065

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