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Six Pillars of Modern Entrepreneurial Theory and How to Use Them

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Abstract

In recent years, there has been an explosion of interest in entrepreneurship from both practical entrepreneurs and researchers. While theories are helpful for explaining business-driven activities in a startup, they are also valid in reasoning for the practical activities occurring in the entrepreneurial context. We believe that startups would benefit from the awareness of these entrepreneurial theories and the understanding of how they can be connected to decision-making in both business and engineering perspectives. In particular, we want to focus on theories that are already used by practical entrepreneurs and their advisors. As an example, we have studied the Scandinavian entrepreneurial ecosystem. We selected six groups of theories that might be particularly relevant for the startup population, namely (1) core competence and resource-based view, (2) effectuation, (3) the fulfillment of entrepreneurial opportunities, (4) bricolage, (5) business model innovation, and (6) lean startup. In this chapter, we explain these theories including the ongoing research around them, the connections among these theories, and how they can be applied in a real case study.

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Author information

Authors and Affiliations

  1. Faculty of Engineering Science and Technology, Norwegian University of Science and Technology, Trondheim, Norway

    Yngve Dahle & Martin Steinert

  2. Department of Business and IT, University of South-Eastern Norway, Notodden, Norway

    Anh Nguyen-Duc

  3. School of Business and Enterprise, University of the West of Scotland, Glasgow, UK

    Kevin Reuther

Authors
  1. Yngve Dahle
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  2. Anh Nguyen-Duc
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  3. Martin Steinert
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  4. Kevin Reuther
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Corresponding author

Correspondence to Yngve Dahle .

Editor information

Editors and Affiliations

  1. Department of Business and IT, University of Southeast Norway, Bø i Telemark, Norway

    Anh Nguyen-Duc

  2. Center for Entrepreneurship, Reutlingen University, Reutlingen, Germany

    Jürgen Münch

  3. School of Technology, PUCRS, Porto Alegre, Brazil

    Rafael Prikladnicki

  4. Facoltà di Scienze e Tecnologie Informatiche, La Libera Università di Bolzano, Bolzano, Italy

    Xiaofeng Wang

  5. Faculty of Information Technology, University of Jyväskylä, Jyväskylä, Finland

    Pekka Abrahamsson

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Dahle, Y., Nguyen-Duc, A., Steinert, M., Reuther, K. (2020). Six Pillars of Modern Entrepreneurial Theory and How to Use Them. In: Nguyen-Duc, A., Münch, J., Prikladnicki, R., Wang, X., Abrahamsson, P. (eds) Fundamentals of Software Startups. Springer, Cham. https://doi.org/10.1007/978-3-030-35983-6_1

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  • DOI: https://doi.org/10.1007/978-3-030-35983-6_1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-35982-9

  • Online ISBN: 978-3-030-35983-6

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