The process of creative construction: knowledge spillovers, entrepreneurship, and economic growth

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 wh...

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Veröffentlicht in:Strategic entrepreneurship journal 2007-12, Vol.1 (3-4), p.263-286
Hauptverfasser: Agarwal, Rajshree, Audretsch, David, Sarkar, M. B.
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creator Agarwal, Rajshree
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Sarkar, M. B.
description 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.
doi_str_mv 10.1002/sej.36
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subjects creative destruction
Economic growth
Entrepreneurs
Entrepreneurship
Knowledge
knowledge spillovers
Studies
title The process of creative construction: knowledge spillovers, entrepreneurship, and economic growth
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