THE PROCESS OF CREATIVE CONSTRUCTION: KNOWLEDGE SPILLOVERS, ENTREPRENEURSHIP, AND ECONOMIC GROWTH
Abbreviated Journal Title
Strateg. Entrep. J.
entrepreneurship; economic growth; creative destruction; knowledge; spillovers; US AUTOMOBILE-INDUSTRY; RESOURCE-BASED VIEW; R-AND-D; ORGANIZATIONAL-CHANGE; DYNAMIC CAPABILITIES; ESTABLISHED FIRMS; STRATEGIC MANAGEMENT; PRODUCT INNOVATIONS; START-UPS; PERFORMANCE; Business; Management
Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action by individuals embedded in their context, results in new venture creation, heterogeneity in performance, and subsequent growth in industries, regions, and economies. The framework has implications for future research in entrepreneurship, strategy, and economic growth. Copyright (C) 2008 Strategic Management Society.
Strategic Entrepreneurship Journal
"THE PROCESS OF CREATIVE CONSTRUCTION: KNOWLEDGE SPILLOVERS, ENTREPRENEURSHIP, AND ECONOMIC GROWTH" (2007). Faculty Bibliography 2000s. 6798.