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Informationen zum Autor Nicolai J. Foss is Professor of Strategy and Organization at the Copenhagen Business School and Professor of Knowledge-based Value Creation at the Norwegian School of Economics and Business Administration. He also holds a number of part-time and visiting professorships at other European universities. Peter G. Klein is Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri. He also holds positions at the University of Missouri's Truman School of Public Affairs and the Norwegian School of Economics and Business Administration. Klappentext Entrepreneurship, long neglected by economists and management scholars, has made a dramatic comeback in the last two decades, not only among academic economists and management scholars, but also among policymakers, educators and practitioners. Likewise, the economic theory of the firm, building on Ronald Coase's (1937) seminal analysis, has become an increasingly important field in economics and management. Despite this resurgence, there is still little connection between the entrepreneurship literature and the literature on the firm, both in academia and in management practice. This book fills this gap by proposing and developing an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management. Drawing on insights from Austrian economics, it describes entrepreneurship as judgmental decision made under uncertainty, showing how judgment is the driving force of the market economy and the key to understanding firm performance and organization. Zusammenfassung Drawing on insights from Austrian economics! this book shows how judgment is the key to understanding firm performance and organization. It fills an important gap in the literature by developing an entrepreneurial theory of the firm that focuses on the connections between entrepreneurship and management. Inhaltsverzeichnis List of figures; Preface; Acknowledgements; 1. The need for an entrepreneurial theory of the firm; 2. What is entrepreneurship?; 3. Entrepreneurship: from opportunity discovery to judgment; 4. What is judgment?; 5. From shmoo to heterogeneous capital; 6. Entrepreneurship and the economic theory of the firm; 7. Entrepreneurship and the nature and boundaries of the firm; 8. Internal organization: original and derived judgment; 9. Concluding discussion; References....
