The Entrepreneur as a Constructor of Connections

Earl, P. E. (2003). The Entrepreneur as a Constructor of Connections. In Roger Koppl, Peter Kurrild-Klitgaard and Jack Birner (Ed.), Austrian Economics and Entrepreneurial Studies: Advances in Austrian Economics (pp. 113-130) Amsterdam; London: JAI/Elsevier.

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Author Earl, P. E.
Title of chapter The Entrepreneur as a Constructor of Connections
Title of book Austrian Economics and Entrepreneurial Studies: Advances in Austrian Economics
Place of Publication Amsterdam; London
Publisher JAI/Elsevier
Publication Year 2003
Sub-type Other
ISBN 0762310413
Editor Roger Koppl
Peter Kurrild-Klitgaard
Jack Birner
Volume number 6
Start page 113
End page 130
Total pages 18
Total chapters 22
Collection year 2003
Language eng
Subjects 350211 Innovation and Technology Management
340101 Microeconomic Theory
340205 Industry Economics and Industrial Organisation
Abstract/Summary This paper attempts to recast the entrepreneur by synthesizing ideas from personal construct psychology and systems-based evolutionary economics. It retains an Austrian subjectivist emphasis but focuses on rapid product innovation rather than abitrage. Profit opportunities are mental constructs that link products and revenue streams. Entrepreneurs develop new products by forming novel connections between existing product elements and diverse technologies, mindful of the connections between these products and the complex structures of consumer lifestyles. These linkages are often formed in the context of large multi-product firms, as well as being the basis of new enterprises, so entrepreneurship overlaps with strategic management.
Keyword entrepreneurship
evolutionary economics
globalization
"parts bin" manufacturing
product tie-in
lifestyle
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Created: Thu, 24 Mar 2005, 10:00:00 EST by Peter E. Earl on behalf of School of Economics