COPING WITH COMPLEXITY AND TURBULENCE - AN ENTREPRENEURIAL SOLUTION

Roger Mason

36 citations0/0 files storedJournal of Enterprising Culture

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Entrepreneurship Studies and Influences Business Strategies and Innovation Chaos, Complexity, and Education

Abstract

This paper considers the adoption of an entrepreneurial orientation as a paradigm for companies operating in a complex and turbulent environment, viewing the environment as a complex and turbulent system in terms of chaos theory. Approaches suggested by chaos theory are compared with the entrepreneurial orientation to identify if such an orientation matches these suggested approaches. Literature on chaos theory and entrepreneurship is compared, and a short case is presented, providing an illustration of how a company operating successfully in a complex and turbulent environment has used the principles of an entrepreneurial orientation. The paper identifies considerable similarity between the management approaches suggested by chaos theory and the principles of the entrepreneurial orientation, indicating that chaos theory may provide the theoretical underpinning of the relationship between entrepreneurial orientation and turbulent environments. The case also shows how an entrepreneurial orientation has been successfully used in a complex and turbulent environment. The conclusion is that companies operating in a complex and turbulent environment could benefit from adopting an entrepreneurial orientation.

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References

1994Handbook of Qualitative Research 1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1965The Causal Texture of Organizational Environments 1998Using Qualitative Methods in Organizational Research 2001Defining the field of research in entrepreneurship 2019Problems and Perspectives in Management 2005The Role of Entrepreneurial Orientation in Stimulating Effective Corporate Entrepreneurship 1990International Journal of Contemporary Hospitality Management

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