2009
DOI: 10.1111/j.1540-627x.2009.00276.x
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The Role of Cultural and Symbolic Capital in Entrepreneurs' Ability to Meet Expectations about Conformity and Innovation

Abstract: We conceptualize entrepreneurs' success in acquiring resources as the outcome of a socially embedded process of pursuing legitimacy, which in turn encompasses their ability to meet field incumbents' expectations about conformity and innovation. Drawing from Bourdieu's theory of practice, we specifically discuss entrepreneurs' ability, when entering a business field, to simultaneously conform to existing field arrangements (i.e., to “fit in”) and to be perceived as innovators (i.e., to “stand out”). A possible … Show more

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Cited by 130 publications
(132 citation statements)
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References 101 publications
(183 reference statements)
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“…We see this stage of the legitimation process being characterized by an increasing awareness of the need to meet wider business audiences' expectations. We observed this in practice as involving to "fitting in" (De Clercq and Voronov, 2009) legitimation work by displaying that the entrepreneurs understood "what matters to them".…”
Section: "Fitting In" Legitimation Work: Reflecting "What Matters To mentioning
confidence: 99%
See 1 more Smart Citation
“…We see this stage of the legitimation process being characterized by an increasing awareness of the need to meet wider business audiences' expectations. We observed this in practice as involving to "fitting in" (De Clercq and Voronov, 2009) legitimation work by displaying that the entrepreneurs understood "what matters to them".…”
Section: "Fitting In" Legitimation Work: Reflecting "What Matters To mentioning
confidence: 99%
“…For example, statements that illustrated how they portrayed their values and authenticity in encounters with others, and statements that juxtaposed the entrepreneur's business to others in the sector were interpreted as conveying "standing out" (De Clercq and Voronov, 2009) when seeking legitimacy; this became one of our second order themes. Over the course of many long meetings, we discussed our, now extremely deep, knowledge of the data and the cases as well as the emerging theoretical explanations concurrently (Gioia et al, 2013) to piece together the 21 codes into a final list of nine second-order themes (see Table 2).…”
Section: Analytic Approachmentioning
confidence: 99%
“…In small business start-ups (or entrepreneurship), previous employment in a highly recognised company (institutionalised cultural capital) may allow an entrepreneur to incorporate these experiences in the previous company into the new venture, or display various artefacts, such as plaques or awards from the former company (objectified cultural capital) to make the venture more compelling to investors (De Clercq and Voronov 2009). For established small firms, the business owners' accumulated knowledge and experience of their firm and the market becomes an important element of cultural capital.…”
Section: Capital Theorymentioning
confidence: 99%
“…El cambio social pivota sobre tres dimensiones (DE CLERQ: 2009). El primero es el bajo coste de infraestructura para producir y publicar contenidos; el segundo trata sobre la democratización de la opinión pública, constituyéndose los propios usuarios en «decididores» (utilizando la terminología de Lyotard) al compartir, difundir, votar y comentar con sus mensajes y enlaces.…”
Section: Literatura En La Sociedad Del Conocimientounclassified