Institutionalizing entrepreneurial expertise in subsistence economies
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Type of Work13 pages
Citation of Original PublicationSmith, A., Judge, W., Pezeshkan, A., & Nair, A. (November 01, 2016). Institutionalizing entrepreneurial expertise in subsistence economies. Journal of World Business, 51, 6, 910-922.
Social cognitive theory
This paper focuses on a broad and emergent set of organizations operating in subsistence economies that seek to promote and support new venture activity. We label these organizations, Entrepreneurship Enabling Organizations (EEOs) and argue for their central role in addressing institutional voids confronting entrepreneurs. Specifically, we propose that EEOs’ provision of venture scripts, which are sequentially ordered expert behaviors appropriate for the creation of new ventures, is critical to creating successful new ventures as well as addressing institutional voids in these economies. We use social cognitive and institutional theories to explain how social connections and interactions introduce and begin to institutionalize venture scripts.