Arbeitspapier
Firms as realizations of entrepreneurial visions
In the debate on why firms exist, the question of who chooses between firms and markets and on what basis is rarely addressed. This paper argues that the choice is a core element of the entrepreneurial pursuit of visions or conceptions of business opportunities. To successfully organize resources into the envisioned businesses - be it via firms or markets - resource owners must be coordinated on the entrepreneur's conception of the business and be motivated to perform properly. To solve the dual problem, the organizational form of the firm offers the entrepreneur unique advantages not feasible under the organizational form of markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Papers on Economics and Evolution ; No. 0510
- Klassifikation
-
Wirtschaft
- Thema
-
Unternehmer
Unternehmensgründung
Rechtsformwahl
Kognition
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Witt, Ulrich
- Ereignis
-
Veröffentlichung
- (wer)
-
Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Witt, Ulrich
- Max Planck Institute of Economics
Entstanden
- 2005
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