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Business systems perspective on entrepreneurship

Mohammad B. Rana

pp. 271-291

Rana and Allen focus on a relatively neglected research area: how business systems theory (BST) can help explain entrepreneurship. The authors employ this theory to understand: why a particular business model is developed; why entrepreneurs tend to make a particular type of decision, in a particular way, for a particular context; why firms or new ventures structures, strategies, and growth trajectory follow a particular path dependency in a particular institutional context; while complementarity and/or lack of complementarity present different types of opportunities, challenges, and growth patterns for new ventures or new industries in a society. The authors illustrate how BST can help to explain entrepreneurial decision-making, motivation, venture, and industry creation, social entrepreneurship, diaspora entrepreneurship, and, above all, institutional entrepreneurship in national and comparative institutional contexts.

Publication details

DOI: 10.1007/978-3-319-91611-8_13

Full citation:

Rana, M. B. (2018)., Business systems perspective on entrepreneurship, in R. V. Turcan & N. M. Fraser (eds.), The Palgrave handbook of multidisciplinary perspectives on entrepreneurship, Dordrecht, Springer, pp. 271-291.

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