A Socially Situated Praxeological Approach to Entrepreneurship

What is the precise nature of entrepreneurial action in economic and business analyses? Moreover, what is the relationship between the entrepreneur’s action and the socio-institutional environment where this action takes place? The difficulty in specifying the nature of the entrepreneurial act and i...

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Bibliographic Details
Main Author: Gimenez-Roche, Gabriel A
Format: Article
Language:English
Published: The Journal of Entrepreneurship 2011
Subjects:
Uncertainty Bearing
Profit Seeking
Praxeology
Entrepreneurship
Economic Calculation
Decision Making
Online Access:http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1013
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999 |c 39948  |d 39948 
100 |a Gimenez-Roche, Gabriel A 
245 |a A Socially Situated Praxeological Approach to Entrepreneurship  |c Gimenez-Roche, Gabriel A. 
260 |c 2011  |b The Journal of Entrepreneurship 
300 |a 159 - 187 
520 |a What is the precise nature of entrepreneurial action in economic and business analyses? Moreover, what is the relationship between the entrepreneur’s action and the socio-institutional environment where this action takes place? The difficulty in specifying the nature of the entrepreneurial act and its interaction with the socio-institutional environment is to be found in the lack of development of an actual theory of action, in which entrepreneurship can be contextualised. This article aims at the delineation of a socially situated action theory to be used in the analysis of entrepreneurship. One of the main results of using the action theory developed in this study is that entrepreneurial action is defined by its institutional autonomy within society. This leads to the conclusion that entrepreneurial action is a tridimensional praxeological phenomenon, which integrates profit-seeking, uncertainty-bearing and ultimate power of decision-making in the one person of the acting entrepreneur. 
650 |a Uncertainty Bearing 
650 |a Profit Seeking 
650 |a Praxeology 
650 |a Entrepreneurship 
650 |a Economic Calculation 
650 |a Decision Making 
773 |a The Journal of Entrepreneurship  |d Sep 
856 |u http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1013 
942 |2 ddc  |c AR 

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