Strategic entrepreneurship: entrepreneurial strategies for wealth creation

TLDR

Entrepreneurship involves identifying and exploiting opportunities, yet creating maximum value also requires strategic action. The study aims to integrate entrepreneurial and strategic thinking. The authors examine strategic entrepreneurship across domains such as external networks, alliances, resources, learning, innovation, and internationalization, drawing on both traditional theories (contingency, strategic fit) and newer frameworks (cultural entrepreneurship, business model drivers, creative destruction, RBV, network theory, transaction costs, institutional theory). The issue establishes a foundation for future research on strategic entrepreneurship for wealth creation. © 2001 John Wiley & Sons, Ltd.

Abstract

Abstract Entrepreneurship involves identifying and exploiting entrepreneurial opportunities. However, to create the most value entrepreneurial firms also need to act strategically. This calls for an integration of entrepreneurial and strategic thinking. We explore this strategic entrepreneurship in several important organizational domains to include external networks and alliances, resources and organizational learning, innovation and internationalization. The research in this special issue examines both traditional (e.g., contingency theory, strategic fit) and new theory (e.g., cultural entrepreneurship, business model drivers). The research also integrates, extends, and tests theory and research from entrepreneurship and strategic management in new ways such as creative destruction (discontinuities), resource‐based view, organizational learning, network theory, transaction costs and institutional theory. The research presented herein provides a basis for future research on strategic entrepreneurship for wealth creation. Copyright © 2001 John Wiley & Sons, Ltd.