Epistemological Endorsement to Small Enterprises and Markets

  • Ananya RajagopalEmail author


This chapter discusses epistemological evolution of small enterprises and markets. It critically examines the theoretical perspectives on entrepreneurship in the context of research contributions of classical schools of thought. Neoclassical philosophy, contemporary rationale, conceptual framework of research, and qualitative research perspectives have been discussed in this chapter. The classical theories suggest that convergence of entrepreneurial knowledge and market ecosystems leads to entrepreneurial development within the socio-economic environment in a region. In the neoclassical school of thought, the entrepreneur is the pivot to mobilize new business by developing new products or to make existing products from a new perspective. Accordingly, this chapter stands as the methodological foundation for the research framework.


Entrepreneurship theories Neoclassical philosophy Classical schools of thought Research framework Contemporary rationale 


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© The Author(s) 2020

Authors and Affiliations

  1. 1.Department of Administrative SciencesEGADE Business School, Tecnológico de Monterrey (ITESM)MexicoMexico

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