Interview with Nicolai J. Foss and Peter G. Klein on the book “Organizing Entrepreneurial Judgment”.
Much has been written in both academic and practitioner literature on management and entrepreneurship. But according to the view of the two scholars interviewed today by Sintetia, entrepreneurship and the firm have been treated independently, as different subjects. But this shouldn’ be.
Nicolai J. Foss (Professor of Strategy and Organization at the Copenhagen Business School and the Head of Department of the Department of Strategic Management and Globalization at CBS) and Peter G. Klein (Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri) argue that entrepreneurship and the theory of the firm must belong together, as the firm is the locus of entrepreneurial activity, and one cannot be understood without the other.
Their ideas, developed throughout their prolific academic careers, have been collected and systematized in their 2012 book “Organizing Entrepreneurial Judgment: A New Approach to the Firm”, published by Cambridge University Press. The book is the focus of this interview.