Six pillars of modern entrepreneurial theory and how to use them

Yngve Dahle*, Anh Nguyen-Duc, Martin Steinert, Kevin Reuther

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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.
Original languageEnglish
Title of host publicationFundamentals of Software Startups
Subtitle of host publicationEssential Engineering and Business Aspects
EditorsAnh Nguyen-Duc, Jürgen Münch, Rafael Prikladnicki, Xiaofeng Wang, Pekka Abrahamsson
PublisherSpringer Nature Switzerland AG
Chapter1
Pages3-25
Number of pages23
ISBN (Electronic)9783030359836
ISBN (Print)9783030359829
DOIs
Publication statusPublished - 29 Feb 2020

Keywords

  • entrepreneurship theories
  • effectuation
  • bricolage
  • resource-based view
  • lean startup
  • business modelling
  • software startups
  • software development

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