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Recent surveys show that more than half of American entrepreneurs share ownership in their business startups rather than going it alone. Yet the media and many scholars continue to perpetuate the myth of the lone visionary who single-handedly revolutionizes the marketplace. In The Entrepreneurial Group, Martin Ruef shatters this myth, demonstrating that teams, not individuals, are the leading force behind entrepreneurial startups. This is the first book to provide an in-depth sociological analysis of entrepreneurial groups, and to put forward a theoretical framework for understanding activities and outcomes within them.
Martin Ruef is the Egan Family Professor of Sociology and director of Markets and Management Studies at Duke University. His books include Institutional Change and Healthcare Organizations, Organizations Evolving, and Between Slavery and Capitalism (Princeton).
List of Illustrations vii List of Tables ix Preface xi Acknowledgments xv Part One: Concepts, Theories, and Puzzles Chapter One: Who Is an Entrepreneur? 3 Chapter Two: Images of Entrepreneurial Groups 17 Chapter Three: Empirical Puzzles 38 Part Two: Creating the Entrepreneurial Group Chapter Four: Group Formation 57 Chapter Five: Boundaries of the Startup Firm 85 Part Three: Collective Action within the Group Chapter Six: Allocation of Rewards and Control 113 Chapter Seven: Effort and Opportunism 138 Part Four: Performance of the Group Chapter Eight: Innovation 163 Chapter Nine: Goals and Group Dynamics 185 Chapter Ten: Implications and Extensions 206 Appendixes: A. Data Sources 227 B. Sampling of Groups 233 C. Analysis of Groups 236 Notes 239 References 259 Index 281
Winner of the 2011 Max Weber Book Award, Organizations, Occupations, and Work Section of the American Sociological Association