In the first exhaustive treatment of the field in 20 years, Scott
Shane extends the analysis of entrepreneurship by offering an
overarching conceptual framework that explains the different parts
of the entrepreneurial process - the opportunities, the people who
pursue them, the skills and strategies used to organize and exploit
opportunities, and the environmental conditions favorable to them -
in a coherent way. Given the level of interest devoted to
entrepreneurship in the economy and among academics at business
schools, one would think that researchers would have deep insights
into this phenomenon. However, those who look closely at academic
investigations of entrepreneurship realize that scholarly
understanding of this field is quite limited. Unlike its sister
fields of accounting, marketing, finance, organizational behavior
and strategic management, entrepreneurship is rather poorly
explained by academics. Scott Shane resolves this by considering
the nexus of enterprising individuals and valuable opportunities
and by using that nexus to understand the processes of discovery
and exploitation of opportunities, the acquisition of resources,
entrepreneurial strategy and the organizing process. This
authoritative study will be a central reference and standard text
for researchers, academics, and students in the field of
entrepreneurship.
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