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An operationalization of Stevenson’s conceptualization of entrepreneurship as opportunity-based firm behavior

Brown, Terrence E., Davidsson, Per, & Wiklund, Johan (2001) An operationalization of Stevenson’s conceptualization of entrepreneurship as opportunity-based firm behavior. Strategic Management Journal, 22(10), pp. 953-968.

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Abstract

Stevenson (1983) holds that entrepreneurial management, defined as a set of opportunity-based man-agement practices, can help firms remain vital and contribute to firm and societal level value creation. While his conceptualization has received much attention, little progress has been made because of a lack of empirical tools to examine his propositions. This article seeks to resolve this by describing a new instrument that was developed specifically for operationalizing Stevenson’s conceptualization. After two pre-tests, the instrument was tested full scale on a very large (1200+ cases) stratified random sample of firms with different size, governance struc-ture, and industry affiliation. The results show that both in the full sample and in various sub-samples it was pos-sible to identify six sub-dimensions with high discriminant validity and moderate to high reliability, which rep-resent dimensions of Stevenson’s theoretical reasoning. We label these Strategic Orientation, Resource Orienta-tion, Management Structure, Reward Philosophy, Growth Orientation and Entrepreneurial Culture. We were further able to show that these dimensions only partly overlap with ‘Entrepreneurial Orientation’, the hitherto best established empirical instrument for assessing a firm’s degree of entrepreneurship. Our instrument should open up opportunities for researchers to further evaluate entrepreneurship in existing firms.

Impact and interest:

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100 citations in Web of Science®

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ID Code: 5561
Item Type: Journal Article
Keywords: Davidsson, P, entrepreneurship, SMEs, growth firms, entrepreneurial orientation
DOI: 10.1002/smj.190
ISSN: 0143-2095
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2001 John Wiley & Sons
Copyright Statement: The definite version is available on publication at www3.interscience.wiley.com
Deposited On: 22 Nov 2006
Last Modified: 11 Aug 2011 04:19

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