Entrepreneurship's next act

Abstract

Entrepreneurship has become firmly established as a legitimate scholarly discipline. For entrepreneurship to influence managerial practice and public policy, however, we believe there needs to be a substantive shift in the focus, content, and methods of entrepreneurship research. We discuss ways this shift could occur, highlighting the need to recognize the multiple dimensions of entrepreneurial activities-and the importance of examining the heterogeneous aspects of context and factoring them into future theory building and testing efforts-and delineating the microfoundations of entrepreneurship. We also discuss how to strengthen the link between entrepreneurship research and public policy. © 2011 The Academy of Management, All rights reserved.