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research / germany
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The alertness of the entrepreneur is both a virtue and a competence. As a competence, it
is backed up by knowledge. This knowledge, once again, is dispersed asymmetrically
with clear advantages of actors acting in their country of origin. in the United States!).
Moreover, the interdependencies are so strong that such a rough differentiation does not
To trigger the creativity of every employee
becomes a major challenge in recent management. Everyone can generate good ideas in
order to enlarge or/and enrich the business of the firm. This goes along with the necessity
to give more formal power to decentralized units of the firm.
It makes sense to classify the respective considerations as to the entrepreneurial functions
into three different groups. The first one is the ‘single function’ school and implies that
there is one and only one core function to be executed in order to be successful in
competition. Secondly there is a ‘meta function’ school with rests upon the notion that executing a
certain function goes along with the execution of other sub-functions – implicitly or
explicitly.
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