New market creation through transformation

Sarasvathy, Saras D.; Dew, Nicholas

dc.contributor.author	Sarasvathy, Saras D.
dc.contributor.author	Dew, Nicholas
dc.date.accessioned	2014-05-15T23:07:44Z
dc.date.available	2014-05-15T23:07:44Z
dc.date.issued	2005
dc.identifier.citation	Journal of Evolutionary Economics, Vol. 15, 2005
dc.identifier.uri	http://hdl.handle.net/10945/41240
dc.description	The article of record as published may be found at http://dx.doi.org/10.1007/s00191-005-0264-x	en_US
dc.description.abstract	Is newmarket creation a search and selection process within the theoretical space of all possible markets? Or is it the outcome of a process of transformation of extant realities into new possibilities? In this article we consider new market creation as a process involving a new network of stakeholders. The network is initiated through an effectual commitment that sets in motion two concurrent cycles of expanding resources and converging constraints that result in the new market. The dynamic model was induced from two empirical investigations, a cognitive science-based investigation of entrepreneurial expertise, and a real time history of the RFID industry.	en_US
dc.rights	This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.	en_US
dc.title	New market creation through transformation	en_US
dc.type	Article	en_US
dc.contributor.department	Graduate School of Business and Public Policy (GSBPP)
dc.subject.author	New market creation	en_US
dc.subject.author	Effectuation	en_US
dc.subject.author	Networks	en_US
dc.subject.author	Entrepreneurship	en_US