Scott A. Shane is a professor of economics and entrepreneurial studies in Case Western Reserve University of the United States, and has published significant works that display superior conceptual acumen as well as empirical and methodological sophistication. His research covers virtually all major aspects of the entrepreneurship phenomenon: individuals, opportunity, organizational context, environment, and entrepreneurial process. Scott A. Shane has made outstanding contributions to entrepreneurial research and won the 2009 Global Entrepreneurship Research Award. In this paper, we introduce Scott A. Shane’s main academic ideas and academic contributions to Chinese entrepreneurial researchers based on English literature. The content of the paper is showed as follows. First, we introduce Scott A. Shane’s research paradigm of entrepreneurial process. Using ideas of Austrian economics school, Scott A. Shane defined the field of entrepreneurship research as the scholarly examination of how, by whom, and with what effects opportunities to create future goods and services are discovered, evaluated, and exploited. Consequently, this field involves process research of discovery, evaluation, and exploitation of opportunities. Scott A. Shane creatively proposed the entrepreneurial process research paradigm of individual-opportunity nexus for entrepreneurial opportunity discovery, evaluation and development. Second, in terms of theory foundation, Scott A. Shane laid the foundation of process research paradigm of the individual opportunity nexus on market process and divided private knowledge of Austrian school. The entrepreneur discovery theory of market process in modern Austrian school consists of three key interrelated analytical concepts: (a)the entrepreneur role; (b)the role of discovery; (c)adversarial competition. According to Hayek’s divided knowledge theory, an entrepreneur’s knowledge is individual, situational and implicit, and such rich personal knowledge means potential creativity, helping the entrepreneur discover and exploit opportunities. So based on Austrian school’s ideas, Scott A. Shane created a conceptual framework of entrepreneurial research, induced scholars to concern with three sets of research questions about entrepreneurship: (1)why, when, and how opportunities for the creation of goods and services come into existence; (2)why, when, and how some people but not others discover and exploit these opportunities; (3)why, when, and how different modes of action are used to exploit entrepreneurial opportunities. Third, Scott A. Shane is a uniquely complete entrepreneurship scholar. He has made substantial contributions to the field of entrepreneurship. They can be summarized as follows: (a)he has strongly influenced what we view as central aspects of entrepreneurship, and has been a leading figure in redirecting the focus on entrepreneurship research itself; (b)he has influenced how we view entrepreneurship phenomenon by making full arguments and presenting theoretical insights; (c)in particular, he has emphasized the need to consider variation in the opportunities alongside the characteristics of those individuals who pursue them, as well as the matching of individuals and opportunities; (d)he has contributed to how we conduct entrepreneurship research; Scott A. Shane has been a forerunner of examining relevant units of analysis that are difficult to sample, designing entrepreneurial process research, processing data, and introducing sophisticated analytical methods; (e)he has laid the theory foundation of entrepreneurship and promoted the development of entrepreneurship.
/ Journals / Foreign Economics & Management
Foreign Economics & Management
LiZengquan, Editor-in-Chief
ZhengChunrong, Vice Executive Editor-in-Chief
YinHuifang HeXiaogang LiuJianguo, Vice Editor-in-Chief
Comments on Global Entrepreneurial Research Award Winner Scott A. Shane’s Academic Thoughts and Contributions
Foreign Economics & Management Vol. 40, Issue 05, pp. 3 - 15 (2018) DOI:10.16538/j.cnki.fem.2018.05.001
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References
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Cite this article
Fang Wenli, Fang Shijian. Comments on Global Entrepreneurial Research Award Winner Scott A. Shane’s Academic Thoughts and Contributions[J]. Foreign Economics & Management, 2018, 40(5): 3-15.
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