Year: 2007
Type: article
Abstract: Entrepreneurship research considers the interactions between individuals, processes, and institutions in the emergence of new organizations, and organizational forms that engender wealth creation.The combination of creativity and innovation embedded in the entrepreneurial process is fundamental to the discovery and establishment of new ways to organize production processes and to introduce new institutional forms.Creativity is broadly defined as the cognitive process by which individuals discover new patterns in familiar ideas, routines, and mental models.Innovation is broadly defined as the organizational process by which ideas are turned into economically valuable products and services.Given the largely entrepreneurship driven growth experienced by the Chinese private sector (about one-third of the economy), this special issue offers the opportunity for a concerted look at entrepreneurship in China.Papers that explore the relationship between creativity and innovation in entrepreneurs, entrepreneurial firms, and their strategies are welcome.The extant research on entrepreneurship in emerging regions has examined the impact of institutional changes on levels of new venture activity and economic welfare.Others have examined the social and economic network dimensions of entrepreneurship.In China, it is virtually impossible to discuss economic activity without explicit reference to the role of government.For example, the government has determined that innovation is critical for the next stage of its economic development plan.Innovation and creativity are seen as the tools for the creation of new firms, and the revitalization of state owned enterprises.In this special issue, studies that explore the promotion of competition and economic development should focus on the impact on the individual and firm levels of analyses.Hence, such questions as, 'Would government programs to encourage innovation be detrimental to radical innovation but a positive impact on incremental innovation?', 'What are the pre-founding conditions for the emergence of entrepreneurial activity in rural areas?', and 'In the absence of a robust venture capital industry, what forms does risk capital take in China, and how do these impact innovation and the emergence of high growth potential firms?' can significandy add to our understanding of the general models.Entrepreneurs frequendy have to make high-stake decisions, which are those that involve substantial risk and have long-term consequences for the well-being of others.
Authors: Phillip Phan, Jing Zhou, Eric Abrahamson
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2225140386