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The Process of Creative Construction: Knowledge Spillovers, Entrepreneurship, and Economic Growth

Year: 2007

Type: book-chapter

Abstract: Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when coupled with entrepreneurial action by individuals embedded in their context, results in new venture creation, heterogeneity in performance, and subsequent growth in industries, regions, and economies. The framework has implications for future research in entrepreneurship, strategy, and economic growth. Copyright © 2008 Strategic Management Society.

Source: Edward Elgar Publishing eBooks

DOI: 10.4337/9781783476923.00014

Authors: Rajshree Agarwal, David Audretsch, M. B. Sarkar

Institutions: University of Illinois Urbana-Champaign, Indiana University Bloomington, University of Central Florida

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

Funder: Ewing Marion Kauffman Foundation