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Industry Emergence: A Markets and Enterprise Perspective
Book chapter   Open access

Industry Emergence: A Markets and Enterprise Perspective

Rajshree Agarwal and Seojin Kim
Oxford University Press eBooks
19 Aug 2021
url
https://doi.org/10.1093/oso/9780190090883.003.0011View
Published, Version of Record (VoR) Open

Abstract

By taking the perspective of markets and enterprise, this chapter synthesizes an extensive body of research on industry emergence, embodying diverse sets of theoretical lenses, levels of analysis, methodologies, and contexts. The chapter delves into temporal patterns of industry emergence and the role of key actors and underlying mechanisms of knowledge building in this process. In doing so, the text highlights human enterprise as a critical microfoundation of industry emergence, with a focus on heterogeneous capabilities of founding/management teams and team formation. The synthesized insights identify critical theoretical puzzles for future research. The chapter proposes an ambitious research agenda that incorporates motivations into human capital of industry emergence and entrepreneurship, extends focus on product champions and intrapreneurs, examines the role of institutional conditions, and investigates industry emergence in developing country contexts.

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