A Dynamic Model of Entrepreneurial Learning

TL;DR: In this article, the authors report findings from a comparative study of factors that promote or hinder the learning process that underlies the successful production and application of new technological and market knowledge in entrepreneurial ventures, based on an in-depth study of two development projects ran within the same entrepreneurial firm at about the same time.

TL;DR: In this article, the authors study the entrepreneurship, business strategy, business networking which had effect toward the competitive advantage of small and medium business and find that entrepreneurship had the highest effect toward business strategy and followed by business strategy had direct effect towards business networking with entrepreneurship and had both direct and indirect effect toward competitive advantage.

TL;DR: In this paper, the authors investigated the role of human and social capital in the formation of life science firms in a geographical life-science cluster in Scotland, and found that the contribution from the individual entrepreneur in identifying an opportunity for commercialization has not been fully explored, and that a specific entrepreneurial and scientific human capital was leveraged to circumvent resource barriers.

TL;DR: In this paper , the authors argue that strategy-by-doing is generally an effective strategy due to the organizational learning it facilitates and that the positive effects of strategy by doing on product-market performance are amplified in highly dynamic environments that feature high levels of both market and technological dynamism.

TL;DR: The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray as discussed by the authors, and a good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan's economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker's Rule.

TL;DR: In this article, the authors explore the dynamics of allocation under increasing returns in a context where increasing returns arise naturally: agents choosing between technologies competing for adoption, and examine how these influence selection of the outcome.

TL;DR: Kirzner as discussed by the authors argues that the assumption of perfect knowledge is unrealistic and argues that every market participant is a potential entrepreneur who can exploit a situation, which depends on a lack of perfect information among the market participants.