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Title: Skewed Opportunities: How the Distribution of Entrepreneurial Inputs and Outcomes Reconceptualizes a Research Domain
Over the last four decades, Academy of Management Review has devoted a great deal of attention to the scholarly debate about the theoretical nature of entrepreneurs, entrepreneurship, and entrepreneurial opportunities. Most recently, an entire Dialogue section of the journal was devoted to four articles that provided alternative ontological, epistemological, and philosophical views of “opportunity.” Inasmuch as the domain appreciates the effort to advance entrepreneurship theory, these arguments appear to constitute what past AMR editor-in-chief, Roy Suddaby, termed “fetishism,” where “theory becomes an exercise in writing and interpretation but is detached from the empirical world” (2014: 408). That reality was demonstrated in the Crawford, Aguinis, Lichtenstein, Davidsson, & McKelvey (2015) study, which discovered highly skewed power law distributions in all of the domain’s theoretically relevant input variables and all generalizable outcome measures. The significant number of outliers in these distributions provide necessary and sufficient cause for a paradigm shift in the domain. In response, this paper uses the empirical reality of power law distributed phenomena for 1) developing historical and empirical justification for the difficulties in building theory about opportunities and entrepreneurship, 2) identifying how the seemingly antithetical perspectives of discovery and creation theories can be synthesized, and 3) proposing a more » generalizable framework—of Endowments, Expectations, Engagement, and Environments—around which new entrepreneurship theory can be developed. « less
Authors:
Award ID(s):
1734567 1853586
Publication Date:
NSF-PAR ID:
10058144
Journal Name:
Proceedings - Academy of Management
ISSN:
0065-0668
Sponsoring Org:
National Science Foundation
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