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Entrepreneurship as re-sourcing: Towards a new image of entrepreneurship in a time of financial, economic and socio-spatial crisis.

Korsgaard, Steffen; Anderson, Alistair; Gaddefors, Johan

Authors

Steffen Korsgaard

Alistair Anderson

Johan Gaddefors



Abstract

The purpose of this paper is to develop an understanding of entrepreneurship that can help researchers, policymakers and practitioners develop entrepreneurial responses to the current economic, environmental and socio-spatial crisis. Design/methodology/approach: The paper adopts a conceptual approach. Hudson's diagnosis of the current patterns of production is applied to the two dominant streams of theorising on entrepreneurship: the opportunistic discovery view and the resourcefulness view of, for example, effectuation. Findings: The analysis indicates that the opportunistic discovery view and, to some extent, the resourcefulness view are both inadequate as conceptual platforms for entrepreneurial responses to the economic, environmental and socio-spatial crisis. Instead, an alternative perspective on entrepreneurship is developed: Entrepreneurship as re-sourcing. The perspective emphasises the importance of building regional-level resilience through entrepreneurial activity that sources resources from new places and uses these resources to create multiple forms of value. Practical implications: The paper draws attention to dysfunctions in the current theorising on entrepreneurship in light of the economic, environmental and socio-spatial crisis. Instead, the authors offer an alternative. In doing so, the paper also points to the difficult trade-offs that exist between, for example, long-term resilience and short-term competitiveness and growth on a regional, as well as firm level. Originality/value: This paper adds to research by offering an alternative view of entrepreneurship grounded, not in economics but in economic geography, thus highlighting the importance of productions' grounding in material reality and the importance of addressing non-economic concerns in our way of thinking about entrepreneurship.

Journal Article Type Article
Publication Date May 9, 2016
Journal Journal of enterprising communities: people and places in the global economy
Print ISSN 1750-6204
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 10
Issue 2
Pages 178-202
Institution Citation KORSGAARD, S., ANDERSON, A.R. and GADDEFORS, J. 2016. Entrepreneurship as re-sourcing: Towards a new image of entrepreneurship in a time of financial, economic and socio-spatial crisis. Journal of enterprising communities: people and places in the global economy [online], 10(2), pages 178-202. Available from: https://doi.org/10.1108/JEC-03-2014-0002
DOI https://doi.org/10.1108/JEC-03-2014-0002
Keywords Resilience; Entrepreneurship; Economic crisis; Discovery view; Environmental crisis; Resourcefulness

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