Entrepreneurial Action: The Creation of New Social Institutions

McBride, Russ; Thiel, Jana; Wuebker, Robert

doi:10.2139/ssrn.2427140

Cited by 1 publication

(6 citation statements)

References 65 publications

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“…To accomplish this, the literature has proposed some tools. For example, it is argued that discourse through networking between entrepreneurs and their suppliers, government agencies or consumers will cement the viability of new opportunity and legitimacy [11,13,29,30]. As such, the authors of the present study will look for the use of such tools within the sample.…”

Section: The Studymentioning

confidence: 97%

“…Entrepreneurs will use a variety of tools to accomplish this goal, including both formal and informal networks. However, the discourse underlying the building of these networks must include diferent players, including government oicials, competitors, suppliers, buyers and consumers who must all agree to the terms and conditions of the changes required to realize new opportunities [11,13,29,30]. In general, only one principal in an organization can lead the efort to reform the present cognitive legitimacy to take advantage of a new opportunity [29].…”

Section: Institutional Theorymentioning

confidence: 99%

“…In general, only one principal in an organization can lead the efort to reform the present cognitive legitimacy to take advantage of a new opportunity [29]. As explained by McBride et al [30], opportunities are perceived to be created in the mind of the entrepreneur through the interaction of the entrepreneur and the environment, and as a result, they are under the control of the cognitive framework of the entrepreneur [14]. Moreover, creating new value through seizing opportunities changes the environment; therefore, entrepreneurial control over the cognitive framework is the key to a successful outcome [14].…”

Section: Institutional Theorymentioning

confidence: 99%

“…The literature provides some insight about tools proposed to accomplish this. Accordingly, it is argued that the discourse underlying the building Entrepreneurship -Practice-Oriented Perspectivesof these networks must include diferent players, including government oicials, competitors, suppliers, buyers and consumers who must all agree to the terms and conditions of the changes required to realize new opportunities, as well as the corresponding new legitimacy [11,13,29,30].…”

Section: Recreation Of Institutionsmentioning

confidence: 99%

“…Firm E "Some competitors started to use our new technology." Firm F Entrepreneurial discourse is an important tool with which to reshape institutions [11,30]. In the sample, Firm A explained how they used discourse to accomplish this.…”

Section: Recreation Of Institutionsmentioning

confidence: 99%

See 4 more Smart Citations

The Impact of Cognition on New Value Creation within the Institutional Theory Perspective

Sabah¹,

Koçak²

2016

Entrepreneurship - Practice-Oriented Perspectives

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This study aims to assess the efects of optimism and self-eicacy on entrepreneurs who intend to reform their market. Drawing on cognitive and institutional theory, the factors of optimism and self-eicacy were selected to beter understand the association between entrepreneurial cognition and opportunity creation. This is a qualitative, multicase study where six Turkish entrepreneurial irms in the process of reforming and redeining their markets through new value creation, were selected on the basis of purpose sampling. While both optimism and self-eicacy signiicantly motivated entrepreneurs to create new value propositions, the efects of these factors varied across cases. In the sampling, all irms associated value creation with innovation. Moreover, irms tended to use informal/formal networks to create new value propositions and change current legitimacy. Only limited studies have reported on the efects of institutional environments and cognitive structure of entrepreneurs on value creation, particularly within emerging markets. Moreover, the concept of value creation, which involves redeining and reshaping the present market, is not recognized within either cognitive or institutional theory. Optimism and self-eicacy have previously been considered as independent concepts in the literature. However, in the current study, the two concepts are interrelated, thus contributing to the literature of entrepreneurship.

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Section: The Studymentioning

confidence: 97%