Business and Management INK

How Entrepreneurship Evolves

January 7, 2013 696

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

Challenging, But Worth It: Overcoming Paradoxical Tensions of Identity to Embrace Transformative Technologies in Teaching and Learning
Business and Management INK
March 27, 2024

Challenging, But Worth It: Overcoming Paradoxical Tensions of Identity to Embrace Transformative Technologies in Teaching and Learning

Read Now
Daniel Kahneman, 1934-2024: The Grandfather of Behavioral Economics
News
March 27, 2024

Daniel Kahneman, 1934-2024: The Grandfather of Behavioral Economics

Read Now
Data Analytics and Artificial Intelligence in the Complex Environment of Megaprojects: Implications for Practitioners and Project Organizing Theory
Business and Management INK
March 21, 2024

Data Analytics and Artificial Intelligence in the Complex Environment of Megaprojects: Implications for Practitioners and Project Organizing Theory

Read Now
Putting People at the Heart of the Research Process
Business and Management INK
March 20, 2024

Putting People at the Heart of the Research Process

Read Now
Coping with Institutional Complexity and Voids: An Organization Design Perspective for Transnational Interorganizational Projects

Coping with Institutional Complexity and Voids: An Organization Design Perspective for Transnational Interorganizational Projects

Institutional complexity occurs when the structures, interests, and activities of separate but collaborating organizations—often across national and cultural boundaries—are not well aligned. Institutional voids in this context are gaps in function or capability, including skills gaps, lack of an effective regulatory regime, and weak contract-enforcing mechanisms.

Read Now
2024 Holberg Prize Goes to Political Theorist Achille Mbembe

2024 Holberg Prize Goes to Political Theorist Achille Mbembe

Political theorist and public intellectual Achille Mbembe, among the most read and cited scholars from the African continent, has been awarded the 2024 Holberg Prize.

Read Now
Empowering David: How Smaller Firms Reconfigure National Dependency on Foreign Multinationals in the Era of Disruptive Technological Change

Empowering David: How Smaller Firms Reconfigure National Dependency on Foreign Multinationals in the Era of Disruptive Technological Change

In this article, Sonja Avlijaš, Pavle Medić, and Kori Udovički reflect on foreign direct investment (FDI) and the way it impacts the development of political economies.

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
Inline Feedbacks
View all comments