Creativity and strategic entrepreneurship have become integral to the managerial landscape significantly influencing managerial thought, corporate strategy and policy. Scholars of differing disciplinary persuasion have enriched this field with diversity of theoretical frameworks and concepts but it has also led to fragmented thinking. As a consequence while entrepreneurship, as a concept, has been integrated with the traditional management literature, it has yet to develop a conceptual framework and the synthetic unity is missing. Traditional technological trajectories have reached a dead end and radical innovations are necessary to sustain global economic growth. It is only of recent that researchers have become engaged with the emerging reality of technological disruption and need for radical innovations. This paper reviews economic and social policy that has guided development of entrepreneurship thought and adopts an ontological approach to present a dynamic model of entrepreneurial strategies. The model is built around “entrepreneur intending” and strategies evolve in the process of exploration and discovery of opportunities. We argue that entrepreneurial strategies are influenced by entrepreneur’s personal philosophy, intellectual capabilities, procedural rationality, achievement motive and the social context.

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Source Link: http://web.mit.edu/jamchugh/www/ucd-seminar/readings/zutshi-entrepreneurship-oct-2009.pdf