This paper proposes a concept called ‘strategic entrepreneurship’ that is grounded in the three academic fields of strategy, entrepreneurship and marketing. Regrettably, those concepts are only rarely or partly applied in SMEs and young ventures. We therefore argue for a synthesis of the...

Most economic theories, which are based on concepts of equilibria and closed systems, do not sufficiently manage to describe the dynamics of the economic process. The Austrian economist Schumpeter already formulated at the beginning of the 20th century that revolutionary innovations are often...