List of figures; Preface; Acknowledgements; 1. The need for an entrepreneurial theory of the firm; 2. What is entrepreneurship?; 3. Entrepreneurship: from opportunity discovery to judgment; 4. What is judgment?; 5. From shmoo to heterogeneous capital; 6. Entrepreneurship and the economic theory of the firm; 7. Entrepreneurship and the nature and boundaries of the firm; 8. Internal organization: original and derived judgment; 9. Concluding discussion; References.
Develops an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management.
Nicolai J. Foss is Professor of Strategy and Organization at the Copenhagen Business School and Professor of Knowledge-based Value Creation at the Norwegian School of Economics and Business Administration. He also holds a number of part-time and visiting professorships at other European universities. Peter G. Klein is Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri. He also holds positions at the University of Missouri's Truman School of Public Affairs and the Norwegian School of Economics and Business Administration.
'It is about time entrepreneurship came into its own within
economics, moving out of the mystical shadows of creative
destruction and the magical imagination of the attentive
entrepreneur into the more mundane and tractable reality unfolding
in our empirical work. The actual content of entrepreneurial
judgment has far reaching implications not only for theories of the
firm, but more generally for economic organization. In this book,
Foss and Klein have turned the corner on research (or lack thereof)
into this important topic.' Saras Sarasvathy, Isadore Horween
Research Associate Professor, University of Virginia
'This is a path breaking book. Foss and Klein connect the growing entrepreneurship literature with the rich theories of the organization. It offers important rich and original insights that will undoubtedly revise long held views of entrepreneurship in organizations and how managers make judgments about entrepreneurial initiatives. Well written and grounded in solid research, the book will surely inspire and enrich future scholarship.' Shaker A. Zahra, Department Chair, Robert E. Buuck Chair, and Professor of Strategic and Organization, Carlson School of Management, University of Minnesota
'Organizing Entrepreneurial Judgment is a massive undertaking, and one that ambitiously spans the unnecessary divide between management studies and economics literature. For the scholar seriously contemplating exploiting this gap further, the book is highly recommended.' International Entrepreneurship and Management Journal