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research / germany
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This already leads to the third school, the ‘integrated function’ school. With regard to recent managerial challenges, it makes sense to refer in
particular to the meta function school or the integrated function school as outlined before.
Based on this a system of entrepreneurial functions can be derived which is dedicated to
explain the emergence of the firm as well as the efficient use of the available potentials
and the task of safeguarding the firm as a system. In this regard it takes the innovation
function in order to explain the system renewal and the system emergence. In order to
utilize an existing system efficiently, it takes the so-called coordination and marketmaking
function. The system protection is subject to the risk management function.
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