University of Twente Proceedings

Critical realism based entrepreneurial action theory

Forsell, Marko and Paloniemi, Kaarlo (2010) Critical realism based entrepreneurial action theory. In: The 18th Annual High Technology Small Firms Conference : May 27-28, 2010 + May 25-26 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 25 May 2010 - 28 May 2010, Enschede, The Netherlands .

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Event:	The 18th Annual High Technology Small Firms Conference : May 27-28, 2010 + May 25-26 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 25 May 2010 - 28 May 2010, Enschede, The Netherlands
Abstract:	We propose to use critical realism as the basis for ontology and epistemology in entrepreneurship research. Further, we argue that the teleology of entrepreneurship is value creation. Based on these assumptions we propose that an essential part of the entrepreneurial process is the creation of a business model that shows conceptually how the value will be created. This model can be categorized in three different categories along with the value system continuum: stable value system, redefined value system and emerging value system. We propose an entrepreneurial value creation framework that describes elements that are essential to the value creation.
Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Entrepreneurship, critical realism, business opportunity, role of entrepreneur, business model, value continuum, value creation system
Link to this item:	http://purl.utwente.nl/proceedings/63
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