Skip to main content
SpringerLink
Log in
Book cover

Handbook of Personal and Organizational Transformation pp 1001–1019Cite as

Examining the Transformational Power of Entrepreneurship

  • Reference work entry
  • First Online:

Abstract

Transformation is about change and nowhere is that more apparent than in the field of entrepreneurship. Entrepreneurs create products, services, and organizations by bringing resources and people together and combining them in new ways. This chapter examines individual and idea transformation that leads to purpose-driven entrepreneurship. We consider changes to university entrepreneurship programs, consumer and market transformations, and reach even further to societal and global transformations. Throughout all of these transformations, we hold the development of empathy to be most central to entrepreneurs seeking to change the markets and communities in which they do business.

This is a preview of subscription content, log in via an institution.

References

  • AirBnB (2016) About us. Retrieved from https://www.airbnb.com/about/about-us

  • Amabile TM (1998) How to kill creativity, vol 87. Harvard Business School Publishing, Boston

    Google Scholar 

  • B Labs website (2016) Certified B corporations. https://www.bcorporation.net

  • Balog AM, Baker LT, Walker AG (2014) Religiosity and spirituality in entrepreneurship: a review and research agenda. J Manage Spirit Rel 11(2):159–186

    Article  Google Scholar 

  • Bandura A (2001) Social cognitive theory: an agentic perspective. Annu Rev Psychol 52(1):1–26

    Article  Google Scholar 

  • Barney J, Wright M, Ketchen DJ (2001) The resource-based view of the firm: ten years after 1991. J Manag 27(6):625–641

    Google Scholar 

  • Baron RA (2013) Enhancing entrepreneurial excellence: tools for making the possible real. Edward Elgar Publishing, Cheltenham

    Book  Google Scholar 

  • Baron RA, Ensley MD (2006) Opportunity recognition as the detection of meaningful patterns: evidence from comparisons of novice and experienced entrepreneurs. Manag Sci 52(9):1331–1344

    Article  Google Scholar 

  • Baron RA, Henry RA (2010) How entrepreneurs acquire the capacity to excel: insights from research on expert performance. Strateg Entrep J 4(1):49–65

    Article  Google Scholar 

  • Baumol WJ (2002) The free-market innovation machine: analyzing the growth miracle of capitalism. Princeton University Press, Princeton

    Book  Google Scholar 

  • Belfiore M (2016) IBM Watson: how 10 industries are using big data to win big. https://www.ibm.com/blogs/watson/2016/07/10-industries-using-big-data-win-big/

  • Benefit Corporation website (2016) State by state status of legislation. http://benefitcorp.net/policymakers/state-by-state-status

  • Blank S, Dorf B (2012) The startup owner’s manual: the step-by-step guide for building a great companyl. K&S Ranch Publishing Division, Pescadero, p 1

    Google Scholar 

  • Calacanis J (Producer) (2015, October 6) Jeffrey Pfeffer, professor at Stanford Business School, on the toxic “Leadership B.S.” that plagues companies and stifles true innovation [Video podcast]. Retrieved from http://thisweekinstartups.com/jeffrey-pfeffer-leadershipbs/

  • Cardon MS, Wincent J, Singh J, Drnovsek M (2009) The nature and experience of entrepreneurial passion. Acad Manag Rev 34(3):511–532

    Article  Google Scholar 

  • Cascio WF (1995) Whither industrial and organizational psychology in a changing world of work? Am Psychol 50(11):928

    Article  Google Scholar 

  • Case S (2016) The third wave: an entrepreneur’s vision of the future. Simon & Schuster, New York

    Google Scholar 

  • Christensen C (2011) The innovator's dilemma. Harper Business, New York

    Book  Google Scholar 

  • Csikszentmihalyi M (1990) Flow: the psychology of optimal experience. Harper and Row, New York

    Google Scholar 

  • Csikszentmihalyi M (1996) Creativity: the psychology of discovery and invention. HarperCollins, New York

    Google Scholar 

  • Csikszentmihalyi M, LeFevre J (1989) Optimal experience in work and leisure. J Pers Soc Psychol 56(5):815–822

    Article  Google Scholar 

  • Csikszentmihalyi M, Rathunde K (1990) The psychology of wisdom: An evolutionary interpretation. In: Sternberg, RJ (ed) Wisdom: Its nature, origins, and development. Cambridge University Press, New York, pp 25–51

    Google Scholar 

  • Csikszentmihalyi M, Rathunde K (2014) The development of the person: an experiential perspective on the ontogenesis of psychological complexity. In: Applications of flow in human development and education: the collected works of Mihaly Csikszentmihalyi. Springer, Dordrecht

    Chapter  Google Scholar 

  • Cutler Z (2016, January 28) 5 unique traits of millennial entrepreneurs. Entrepreneur Magazine. Retrieved from https://www.entrepreneur.com/article/269995

  • De Soto H (2000) The mystery of capital: why capitalism triumphs in the West and fails everywhere else. Basic Books, New York

    Google Scholar 

  • Dickson P (1992) Toward a general theory of competitive rationality. J Mark 56:69–83

    Article  Google Scholar 

  • Driver M (2012) An interview with Michael Porter: social entrepreneurship and the transformation of capitalism. Acad Manag Learn Educ 11(3):421–431

    Article  Google Scholar 

  • Eagleman Laboratory (n.d.) Eagleman laboratory for perception and action. http://www.eaglemanlab.net/sensory-substitution

  • Elkington J (1998) Cannibals with forks: The triple bottom line of 21st century business. New Society Publishers, Stony Creek

    Google Scholar 

  • Ethereum (n.d.) Blockchain app platform. https://www.ethereum.org/

  • Fredrickson B (2001) The role of positive emotions in positive psychology: the broaden-and-build theory of positive emotions. Am Psychol 56(3):218–226

    Article  Google Scholar 

  • Friedman M (1970) The social responsibility of business is to increase its profits, The New York Times Magazine, September 13, 1970

    Google Scholar 

  • Gerber S (Interviewer), Chase R (Interviewee) (2016) Founders forum interview [Interview video file]. Retrieved from Inc. Video website: http://www.inc.com/robin-chase/zipcar-co-founder-on-the-future-of-the-sharing-economy.html

  • Greiner LE (1972) Evolution and revolution as organizations grow. Harv Bus Rev:37–46

    Google Scholar 

  • Hopwood B, Mellor M, O’Brien G (2005) Sustainable development: mapping different approaches. Sustain Dev. https://doi.org/10.1002/sd.244

  • Hult Prize Website (2016) Refugees – the reawakening of human potential. Retrieved from http://www.hultprize.org/en/compete/2017-prize/2017-case-challenge/

  • Jarzabkowski P (2008) Shaping strategy as a structuration process. Acad Manag J 51(4):621–650

    Google Scholar 

  • Jung CG (1933) Modern man in search of a soul. In: New York. Brace and World, Harcourt

    Google Scholar 

  • Kauanui SK, Thomas KD, Sherman CL, Waters GR, Gilea M (2008) Exploring entrepreneurship through the lens of spirituality. J Manage Spirit Rel 5(2):160–189

    Article  Google Scholar 

  • Kauanui SK, Thomas KD, Rubens A, Sherman CL (2010a) Entrepreneurship and spirituality: a comparative analysis of entrepreneurs’ motivation. J Small Bus Entrepreneur 23(4):621–635

    Article  Google Scholar 

  • Kauanui SK, Thomas KD, Sherman CL, Waters GR, Gilea M (2010b) An exploration of entrepreneurship and play. J of Org Change Management 23(1):51–70

    Google Scholar 

  • Lumpkin G, Dess G (1996) Clarifying the entrepreneurial orientation construct and linking it to performance. Acad Manag Rev 21(1):135–172

    Article  Google Scholar 

  • March JG, Simon HA (1958) Organizations. Blackwell, Cambridge

    Google Scholar 

  • McMullen JS (2015) Entrepreneurial judgment as empathic accuracy: a sequential decision-making approach to entrepreneurial action. J Inst Econ 11(03):651–681

    Google Scholar 

  • McMullen JS, Shepherd DA (2006) Entrepreneurial action and the role of uncertainty in the theory of the entrepreneur. Acad Manag Rev 31(1):132–152

    Article  Google Scholar 

  • Michalko M (2001) Cracking creativity: the secrets of creative genius. Ten Speed Press, Berkeley

    Google Scholar 

  • Nakamura J, Csikszentmihalyi M (2009) Flow theory and research. In: Lopez SJ, Snyder CR (eds) Handbook of positive psychology. Oxford University Press, New York, pp 195–206

    Google Scholar 

  • Neubert JC, Mainert J, Kretzschmar A, Greiff S (2015) The assessment of 21st century skills in industrial and organizational psychology: complex and collaborative problem solving. Ind Organ Psychol 8(2):238–268

    Article  Google Scholar 

  • Newman F, Couturier L, Scurry J (2010) The future of higher education: rhetoric, reality, and the risks of the market. Wiley, San Francisco

    Google Scholar 

  • Norman RD, Ainsworth P (1954) The relationships among projection, empathy, reality and adjustment, operationally defined. J Consult Psychol 18(1):53

    Article  Google Scholar 

  • Norton S (2016) CIO explainer: what is blockchain? WSJ http://blogs.wsj.com/cio/2016/02/02/cio-explainer-what-is-blockchain/

  • Porras J, Emery S, Thompson M (2007) Success Built to Last: Creating a Life that Matters, Plume Penguin Group, New York

    Google Scholar 

  • Porter M, Kramer M (2011) Creating shared value: how to reinvent capitalism and unleash a wave of innovation and growth. Harvard Business Review, Jan–Feb, 63–77

    Google Scholar 

  • Quinn RW (2005) Flow in knowledge work: high performance experience in the design of national security technology. Adm Sci Q 50(4):610–641

    Article  Google Scholar 

  • Rauch A, Wiklund J, Lumpkin GT, Frese M (2009) Entrepreneurial orientation and business performance: an assessment of past research and suggestions for the future. Entrepreneur Theor Pract 33(3):761–787

    Article  Google Scholar 

  • Read S, Song M, Smit W (2009) A meta-analytic review of effectuation and venture performance. J Bus Ventur 24:573–587

    Article  Google Scholar 

  • Ready K (2012) Forbes welcome [online] Forbes.com. Available at https://www.forbes.com/sites/kevinready/2012/08/28/a-startup-conversation-with-steve-blank/#64a51e44f0db Accessed 11 Jul 2017

  • Ries E (2011) The lean startup: How today's entrepreneurs use continuous innovation to create radically successful businesses. Crown Books, New York

    Google Scholar 

  • Sarasvathy SD (2001) Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Acad Manag Rev 26(2):243–263

    Article  Google Scholar 

  • Schmidt E, Rosenberg J (2014) How google works. Grand Central Publishing, New York

    Google Scholar 

  • Sherman CL, Randall C, Kauanui SK (2016) Are you happy yet? Examining entrepreneurs’ subjective well-being. J Manage Spirit Rel 13(1):7–23

    Article  Google Scholar 

  • Steinberg L, Morris AS (2001) Adolescent development. J Cogn Educ Psychol 2(1):55–87

    Article  Google Scholar 

  • Sternberg RJ (1990) Wisdom and its relations to intelligence and creativity. In: Sternberg, RJ (ed) Wisdom: Its nature, origins, and development. Cambridge University Press, New York

    Google Scholar 

  • Stern S, Wares A, Hellman T (2016) Social progress index methodology. Social Progress Imperative, Washington, DC

    Google Scholar 

  • Stevenson HH, Jarillo JC (1990) A paradigm of entrepreneurship: entrepreneurial management. Strateg Manag J 11(5):17–27

    Google Scholar 

  • Stinchcombe AL (1965) Social structures and organizations. In: March JG (ed) Handbook of organizations. Rand McNally, Chicago, pp 142–193

    Google Scholar 

  • Tang J, Kacmar KM, Busenitz L (2012) Entrepreneurial alertness in the pursuit of new opportunities. J Bus Ventur 27(1):77–94

    Article  Google Scholar 

  • TOMS website (2016) 10 years of giving, together. http://www.toms.com/stories/giving/10-years-of-giving-together

  • Torrance W, Rauch J, Aulet W, Blum L, Burke B, D'Ambrosio T, De los Santos K, et al. (2013) Entrepreneurship education comes of age on campus: the challenges and rewards of bringing entrepreneurship to higher education. Ewing Marion Kauffman Research Paper, Ewing Marion Kauffman Foundation

    Google Scholar 

  • Trelstad B (2016) Making Sense of the many kinds of impact investing. Harvard Business Review, http://www.hbr.org 28 Jan 2016

  • Wilson M (2003) Corporate sustainability: what is it and where does it come from? Ivey Business Journal, March/April 2003

    Google Scholar 

  • Zhao H, Seibert SE, Hills GE (2005) The mediating role of self-efficacy in the development of entrepreneurial intentions. J Appl Psychol 90(6):1265

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Martin V. Smith School of Business and Economics, California State University Channel Islands, Camarillo, CA, USA

    Cynthia L. Sherman

  2. Lutgert College of Business, Florida Gulf Coast University, Fort Myers, FL, USA

    Eric Arseneau & Sandra K. Kauanui

Authors
  1. Cynthia L. Sherman
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Eric Arseneau
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Sandra K. Kauanui
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Cynthia L. Sherman .

Editor information

Editors and Affiliations

  1. Edgewalkers International, Fayetteville, Arkansas, USA

    Judi Neal

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG, part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Sherman, C.L., Arseneau, E., Kauanui, S.K. (2018). Examining the Transformational Power of Entrepreneurship. In: Neal, J. (eds) Handbook of Personal and Organizational Transformation. Springer, Cham. https://doi.org/10.1007/978-3-319-66893-2_60

Download citation

Publish with us

Policies and ethics

Search

Navigation