This chapter is a reflection of how Venkataraman’s “The Distinctive Domain of Entrepreneurship Research” has influenced the field of entrepreneurship. The theory underlying the original chapter provided the first true theoretical basis for the discipline of entrepreneurship, grounded in Kirzner and Schumpeter. Its two discrete components, opportunity, and role of the individual became the basis for new approaches in empirical research and new conceptualizations of entrepreneurship theory. These components led to new approaches to concepts such as motivation, perception, and information’s role in the entrepreneurial process. The chapter revisits the three core questions raised by “The Distinctive Domain”: how opportunities arise, why do only some recognize and pursue opportunities, and what are the consequences of the pursuit of opportunities. The chapter concludes with a consideration of the impact of the original chapter in practice and academia.
The author appreciates funding that was provided by the Richard M. Schulze Family Foundation and the Robert Pricer Chair in Enterprise Development in support of this work.
Eckhardt, J.T. (2019), "The Distinctive Domain as a Durable Way Forward", Katz, J.A. and Corbet, A.C. (Ed.) Seminal Ideas for the Next Twenty-Five Years of Advances (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 21), Emerald Publishing Limited, Bingley, pp. 21-33. https://doi.org/10.1108/S1074-754020190000021002
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