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Organizing Entrepreneurial Judgment - A New Approach to the Firm (Paperback, New title)
Loot Price: R942
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Organizing Entrepreneurial Judgment - A New Approach to the Firm (Paperback, New title)
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Entrepreneurship, long neglected by economists and management
scholars, has made a dramatic comeback in the last two decades, not
only among academic economists and management scholars, but also
among policymakers, educators and practitioners. Likewise, the
economic theory of the firm, building on Ronald Coase's (1937)
seminal analysis, has become an increasingly important field in
economics and management. Despite this resurgence, there is still
little connection between the entrepreneurship literature and the
literature on the firm, both in academia and in management
practice. This book fills this gap by proposing and developing an
entrepreneurial theory of the firm that focuses on the connections
between entrepreneurship and management. Drawing on insights from
Austrian economics, it describes entrepreneurship as judgmental
decision made under uncertainty, showing how judgment is the
driving force of the market economy and the key to understanding
firm performance and organization.
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