Austrian Perspectives on Entrepreneurship, Strategy, and Organization

Austrian Perspectives on Entrepreneurship, Strategy, and Organization
Author: Nicolai J. Foss
Publisher: Cambridge University Press
Total Pages:
Release: 2019-09-30
Genre: Business & Economics
ISBN: 110877606X

The 'Austrian' tradition is well-known for its definitive contributions to economics in the twentieth century. However, Austrian economics also offers an exciting research agenda outside the traditional boundaries of economics, especially in the management disciplines. This Element examines how Austrian ideas play a key role in expanding the understanding of fields like entrepreneurship, strategy, and organization. It focuses especially on the vital role that entrepreneurs play in guiding economic progress by shaping firms and their strategic behavior. In doing so, it explains a wide range of contributions that Austrian economics makes to the understanding of key problems in management, while also highlighting many directions for future work in this inspiring tradition.

Austrian Perspectives on Entrepreneurship, Strategy, and Organization

Austrian Perspectives on Entrepreneurship, Strategy, and Organization
Author: Nicolai J. Foss
Publisher: Cambridge University Press
Total Pages: 75
Release: 2019-10-17
Genre: Business & Economics
ISBN: 9781108745802

The 'Austrian' tradition is well-known for its definitive contributions to economics in the twentieth century. However, Austrian economics also offers an exciting research agenda outside the traditional boundaries of economics, especially in the management disciplines. This Element examines how Austrian ideas play a key role in expanding the understanding of fields like entrepreneurship, strategy, and organization. It focuses especially on the vital role that entrepreneurs play in guiding economic progress by shaping firms and their strategic behavior. In doing so, it explains a wide range of contributions that Austrian economics makes to the understanding of key problems in management, while also highlighting many directions for future work in this inspiring tradition.

Entrepreneurship and the Firm

Entrepreneurship and the Firm
Author: Nicolai J. Foss
Publisher: Edward Elgar Publishing
Total Pages: 304
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9781843767107

While characteristically "Austrian" economic themes are clearly relevant to the business firm, Austrian economists have said little about management, organization and strategy. The 12 chapters in this work seek to advance the understanding of these issues by drawing on Austrian ideas.

Organizing Entrepreneurial Judgment

Organizing Entrepreneurial Judgment
Author: Nicolai J. Foss
Publisher: Cambridge University Press
Total Pages:
Release: 2012-03-01
Genre: Business & Economics
ISBN: 1107377307

Entrepreneurship, long neglected by economists and management scholars, has made a dramatic comeback in the last two decades, not only among academic economists and management scholars, but also among policymakers, educators and practitioners. Likewise, the economic theory of the firm, building on Ronald Coase's (1937) seminal analysis, has become an increasingly important field in economics and management. Despite this resurgence, there is still little connection between the entrepreneurship literature and the literature on the firm, both in academia and in management practice. This book fills this gap by proposing and developing an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management. Drawing on insights from Austrian economics, it describes entrepreneurship as judgmental decision made under uncertainty, showing how judgment is the driving force of the market economy and the key to understanding firm performance and organization.

The Oxford Handbook of Austrian Economics

The Oxford Handbook of Austrian Economics
Author: Peter J. Boettke
Publisher:
Total Pages: 833
Release: 2015
Genre: Business & Economics
ISBN: 0199811768

The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.

Entrepreneurship Strategy

Entrepreneurship Strategy
Author: Lisa K. Gundry
Publisher: SAGE Publications
Total Pages: 425
Release: 2006-08-14
Genre: Business & Economics
ISBN: 1452262446

In this engaging and practical book, authors Lisa K. Gundry and Jill R. Kickul uniquely approach entrepreneurship across the life cycle of business growth—offering entrepreneurial strategies for the emerging venture, for the growing venture, and for sustaining growth in the established venture. Written from the point of view of the founder or the entrepreneurial team, the book offers powerful and practical tools to increase a venture's potential for success and growth.

Strategy, Economic Organization, and the Knowledge Economy

Strategy, Economic Organization, and the Knowledge Economy
Author: Nicolai J. Foss
Publisher: OUP Oxford
Total Pages: 296
Release: 2005-02-03
Genre: Business & Economics
ISBN: 0191528927

The rise of the knowledge economy has far-reaching implications for the nature of economic organization as well as firm strategy. Not surprisingly, thinking in management studies as well as in economics has been profoundly affected by these changes. Thus, management thinking in particular has been increasingly characterized by a schism between those who advocate 'knowledge' or 'capabilities-based' approaches in the strategy and organization fields and those who adopt more economics-influenced approaches, notably the economics of organization. This book is a sustained attempt to overcome this schism. Its basic argument is that knowledge-based and organizational economics approaches are not substitutes but complements. In particular, organizational economics has much to contribute with respect to furthering the understanding of efficient organization and strategy in the emerging knowledge economy. This theme is taken through several theoretical as well as empirical variations. Themes such as the incentive liabilities of flat, 'knowledge-based' organizations and the role of complementary HRM practices for fostering knowledge sharing and creation are extensively treated. The book thus contains important implications for knowledge management, organizational design, and firm strategy." The book encompasses nine chapters which critically examine current thinking on strategy, and organization. The reasoning is non-technical. While primarily aimed at a management studies audience, economists and other social scientists will also benefit from it, including Advanced Students, Academics, and Researchers.

An Entrepreneurial Theory of the Firm

An Entrepreneurial Theory of the Firm
Author: Frédéric Sautet
Publisher: Routledge
Total Pages: 202
Release: 2000-05-11
Genre: Business & Economics
ISBN: 1134582935

This original, provocative work encompasses a wealth of existing literature and leads it in a new direction. It will inspire economic scholars particularly within the fields of Austrian economies and the theory of the firm.

A Modern Guide to Austrian Economics

A Modern Guide to Austrian Economics
Author: Bylund, Per L.
Publisher: Edward Elgar Publishing
Total Pages: 329
Release: 2022-10-11
Genre: Business & Economics
ISBN: 1789904404

This Modern Guide explores central ideas, concepts, and themes in the Austrian school of economics, with a focus on how they, and with them the overall theory, have evolved over recent decades. Leading scholars offer their insights into potential directions of future research in the field, pointing towards contemporary debates and their potential conclusions, underdeveloped aspects and extensions of theory, and current applications of interest.

Entrepreneurial Action

Entrepreneurial Action
Author: Andrew C. Corbett
Publisher: Emerald Group Publishing
Total Pages: 327
Release: 2012-07-17
Genre: Business & Economics
ISBN: 1780529015

Volume 14 addresses the central issue of entrepreneurial action: while many factors are important to the phenomenon of entrepreneurship, entrepreneurship does not happen until someone takes action!