Towards an entrepreneurial theory of practice; emerging ideas for emerging economies

The purpose of this paper is to examine the explanatory power of existing theories of entrepreneurship. The authors find gaps and fragmentation and offer propose a different approach – a theory of entrepreneuring – a theory of practice.

This is a conceptual paper, but the authors draw heavily on the literature. They also offer examples of what the theory can offer.

Existing theory is good at explaining aspects of entrepreneurship. However, most theories are discipline bound and operate in silos. A theory of entrepreneurship practice can connect and bridge disciplines.

A theory of entrepreneurship as practice will not replace current theories. It will however complement them and thus be well suited to emerging economies.