Business and Management INK

How Entrepreneurship Evolves

January 7, 2013 991

Did you know that the first two American magazines, produced by rival printers Andrew Bradford and Benjamin Franklin in 1741, lasted only three and six months, respectively? But in their wake, an entrepreneurial spirit took hold, according to an article published in Administrative Science Quarterly:

Between the appearance of the first American magazines in 1741 and the outbreak of the Civil War 120 years later, the resources needed to publish magazines became more readily and universally available, the industry became more legitimate, and demand grew, especially for specialist magazines that targeted members of particular religious communities, reform movements, and occupations. But these developments were offset by the increasing cost of content as authorship became a paid occupation and by fierce competition from large publishers. The question remains as to what effect these changes had on the kinds of people who launched magazines.

asqHeather A. Haveman, Jacob Habinek, and Leo A. Goodman, all of the University of California, Berkeley, published “How Entrepreneurship Evolves: The Founders of New Magazines in America, 1741–1860” in the December 2012 issue of ASQ. From the abstract:

We craft a historically sensitive model of entrepreneurship linking individual actors to the evolving social structures they must navigate to acquire resources and launch new ventures. Theories of entrepreneurship and industry evolution suggest two opposing hypotheses: as an industry develops, launching a new venture may become more difficult for all but industry insiders and the socially prominent because of competition from large incumbents, or it may become easier for all people because the legitimacy accorded to the industry simplifies the entrepreneurial task. To test these two conflicting claims, we study the American magazine industry from 1741 to 1860…

To read on, please click here to access the article. Are you looking for more research on entrepreneurship? Follow this link to access Administrative Science Quarterly’s Mobilization and Entrepreneurship Editor’s Choice collection.

Business and Management INK puts the spotlight on research published in our more than 100 management and business journals. We feature an inside view of the research that’s being published in top-tier SAGE journals by the authors themselves.

View all posts by Business & Management INK

Related Articles

Those ‘Indirect Costs’ Targeted by DOGE Directly Support America’s Research Excellence
News
February 12, 2025

Those ‘Indirect Costs’ Targeted by DOGE Directly Support America’s Research Excellence

Read Now
What Would Be the Point of Abolishing the US Education Department? An Anthropologist Explains
Public Policy
February 10, 2025

What Would Be the Point of Abolishing the US Education Department? An Anthropologist Explains

Read Now
Exploring the Psychosocial Correlation of Skin Lightening Products
Business and Management INK
February 10, 2025

Exploring the Psychosocial Correlation of Skin Lightening Products

Read Now
Palestine – Donald Trump’s Vietnam?
News
February 5, 2025

Palestine – Donald Trump’s Vietnam?

Read Now
Exploring the Impact of COVID-19 on the European Union Emission Trading Scheme

Exploring the Impact of COVID-19 on the European Union Emission Trading Scheme

In this article, co-authors Abhinava Tripathi, Charu Vadhava, and Ravi Raushan Jha reflect on the inspiration behind their research article, “Pricing efficiency of European carbon […]

Read Now
Navigating CSR Communication in an Age of Polarization

Navigating CSR Communication in an Age of Polarization

In this article, authors Dennis Schoeneborn, Urša Golob, Hannah Trittin-Ulbrich, Matthias Wenzel, and Amy O’Connor reflect on the inspiration behind their research article, “CSR Communication and […]

Read Now
What European SMEs Can Teach Us About Innovation and Informal Human Resource Management

What European SMEs Can Teach Us About Innovation and Informal Human Resource Management

In this article, co-authors Desiree Meurs, Marise Born, Yolanda Grift, Maaike Lycklama à Nijeholt, and Joop Schippers offer a sneak peek into the inspiration […]

Read Now
0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments