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Real Growth Through Entrepreneurial Resourcefulness: Insights on the Entropy Problem from Andy Weir’s The Martian
Academy of Management Review ( IF 16.4 ) Pub Date : 2022-11-11 , DOI: 10.5465/amr.2021.0341
Jeffery S. McMullen

Building on ecological economics and the firm growth literature, I propose a model of real growth through entrepreneurial resourcefulness to determine whether an isolated firm can grow if it can capture only the value it creates. I then use Andy Weir’s bestseller The Martian to illustrate my arguments. The model contributes to the entrepreneurial resourcefulness literature by explaining how and under which conditions resourceful behavior can lead to real firm growth, positing that entrepreneurs can create ecosystems that enhance the marginal productivity of resources by leveraging the productive capacity and entropy-mitigating properties of human capital and natural capital. The model also contributes to the sustainable and innovative entrepreneurship literatures by recognizing limitations on the substitutability of resources, noting that even highly efficient allocation of resources cannot immunize actors from scarcity if production consumes critical capital or exceeds the rate of resource renewal. Finally, the model contributes to the entrepreneurial action literature by shedding light on our understanding of profit opportunities, noting that entrepreneurs are neither exclusively “world makers” nor “world takers”, but akin to chefs using new production recipes to maximize the ingredients available. Such experimentation emphasizes that entrepreneurship is a process of resource transformation, not just customer discovery.

中文翻译:

通过企业家的足智多谋实现真正的增长:安迪·威尔的《火星救援》对熵问题的见解

在生态经济学和企业增长文献的基础上,我提出了一个通过企业家的智慧来实现实际增长的模型,以确定一个孤立的企业是否可以增长,如果它只能捕捉到它创造的价值。然后我用安迪·威尔的畅销书《火星人》来说明我的论点。该模型通过解释足智多谋的行为如何以及在何种条件下可以导致真正的公司增长,为企业家足智多谋的文献做出贡献,假设企业家可以通过利用人力资本的生产能力和熵缓解特性来创建提高资源边际生产力的生态系统和自然资本。该模型还通过认识到资源可替代性的局限性,为可持续和创新创业文献做出贡献,注意到如果生产消耗关键资本或超过资源更新率,即使是高效的资源分配也不能使行为者免受稀缺性的影响。最后,该模型通过阐明我们对盈利机会的理解为创业行动文献做出了贡献,并指出企业家既不完全是“世界制造者”也不是“世界接受者”,而是类似于使用新生产食谱来最大化可用成分的厨师。这样的实验强调创业是一个资源转化的过程,而不仅仅是客户发现。该模型通过阐明我们对盈利机会的理解,为创业行动文献做出了贡献,并指出企业家既不是“世界制造者”也不是“世界接受者”,而是类似于使用新生产食谱来最大化可用成分的厨师。这样的实验强调创业是一个资源转化的过程,而不仅仅是客户发现。该模型通过阐明我们对盈利机会的理解,为创业行动文献做出了贡献,并指出企业家既不是“世界制造者”也不是“世界接受者”,而是类似于使用新生产食谱来最大化可用成分的厨师。这样的实验强调创业是一个资源转化的过程,而不仅仅是客户发现。
更新日期:2022-11-11
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