Entrepreneurship and professional service firms: the team, the firm, the ecosystem and the field
Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Transfer
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Professions and Professional Service Firms: Private and Public Sector Enterprises in the Global Economy. ed. / Mike Saks; Daniel Muzio. London: Routledge Taylor & Francis Group, 2018. p. 110-133 7 (Routledge advances in management and business studies; Vol. 75).
Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Transfer
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RIS
TY - CHAP
T1 - Entrepreneurship and professional service firms: the team, the firm, the ecosystem and the field
AU - Reihlen, Markus
AU - Werr, Andreas
AU - Seckler, Christoph
PY - 2018
Y1 - 2018
N2 - Entrepreneurial processes couple the expanding business with new interactive socio-economic milieus as represented by new regional markets, new client industries or new segments of the talent market. Therefore, the necessary learning and innovation processes of an entrepreneurial professional service firm embrace not only the discovery of industry-specific facts and skills, but also the firm’s ‘embedding’ itself into and ‘shaping’ the ‘new’ social context with its own local regulations and institutional practices. Entrepreneurship as an institution is founded on ideals such as cultural individualism and change. Three main approaches to investigating the entrepreneurial professional service firm may be identified: new venture management processes, the development and embedding of new practices in professional service firms, and the governance of entrepreneurial firms. The chapter suggests that the broadening perspective on entrepreneurship and professional service firms by taking an entrepreneurial ecosystems perspective. The entrepreneurial ecosystem perspective puts an emphasis on the network relationships between the various actors.
AB - Entrepreneurial processes couple the expanding business with new interactive socio-economic milieus as represented by new regional markets, new client industries or new segments of the talent market. Therefore, the necessary learning and innovation processes of an entrepreneurial professional service firm embrace not only the discovery of industry-specific facts and skills, but also the firm’s ‘embedding’ itself into and ‘shaping’ the ‘new’ social context with its own local regulations and institutional practices. Entrepreneurship as an institution is founded on ideals such as cultural individualism and change. Three main approaches to investigating the entrepreneurial professional service firm may be identified: new venture management processes, the development and embedding of new practices in professional service firms, and the governance of entrepreneurial firms. The chapter suggests that the broadening perspective on entrepreneurship and professional service firms by taking an entrepreneurial ecosystems perspective. The entrepreneurial ecosystem perspective puts an emphasis on the network relationships between the various actors.
KW - Management studies
U2 - 10.4324/9781315560311-8
DO - 10.4324/9781315560311-8
M3 - Contributions to collected editions/anthologies
SN - 978-1-13867595-7
T3 - Routledge advances in management and business studies
SP - 110
EP - 133
BT - Professions and Professional Service Firms
A2 - Saks, Mike
A2 - Muzio, Daniel
PB - Routledge Taylor & Francis Group
CY - London
ER -