Purpose The negative stereotypes concerning late-career workers are found to prevail and lead circulation of narratives actions between individuals societies. Using the context entrepreneurs, paper aims find an alternative a more positive narrative work by focusing on entrepreneurs positioning related them. Design/methodology/approach authors used narrative-positioning analysis, cycling through...

We propose a tractable model of entrepreneur dynamics where the investment conditions are stochastic. Applying the approach of stochastic control and optimization, we solve the dynamics of the entrepreneur’s optimal investment, consumption and portfolio allocation under regime switching. We find that the interactions of precautionary savings and liquidation boundary advance/postpone motives gen...

Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be a nuanced partnership between entrepreneurs and the state. In this paperwe outline some consideratio...

Unlike in the past where industrial policy was either focused on creation and growth of stateowned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be a nuanced partnership between entrepreneurs and the state. In this paper we outline some consideratio...

A revolutionary entrepreneur strategically chooses the revolutionary agenda to maximize the likelihood of revolution. Citizens have different preferences and can contribute varying degrees of support. This presents the revolutionary entrepreneur with a tradeoff between extensive and intensive margins of support. We show: (1) Extremists exert a disproportionate influence over the revolutionary a...

“Effectuation” is a new approach to explain the success or failure of entrepreneurs. In contrast to the traditional “causation” approach the entrepreneur is not considered to be driven by a concrete goal and to choose between different alternatives in regard to how well they help to achieve this goal. Instead the entrepreneur evaluates the alternatives, in particular the choice of strategic par...