Embeddedness, values and entrepreneur decision-making: evidence from the creative industries

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Abstract

This paper explores embeddedness in small firms from a foundational perspective and how these foundations effect resource dependency and business decision-making. Building on debates in firms embeddedness and its role in addressing questions of resource-limitation, the paper positions embeddedness as outcome of a value-set occurring within an organisation directly affecting resource decisions. Using case studies of six creative industries small and micro firms, it argues foundational embeddedness influences firm-based practices and relationships over conventional business logics. Certain flexibilities in this foundational embeddedness can be seen, responding to external challenges through formation of esoteric relations and iterative systems. The extent of this flexibility is however limited by the entrepreneurs’ willingness to compromise individual values. Foundational embeddedness is thus a necessary consideration in understanding entrepreneurial decision-making.
Original languageEnglish
Pages (from-to)1-11
Number of pages11
JournalInternational Journal of Entrepreneurship and Innovation
Volume2022
DOIs
Publication statusPublished - 16 May 2022

Bibliographical note

Funding Information:
The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: This work was supported by The Culture Capital Exchange, (grant number National Academics and Creatives Exchange grant).

Publisher Copyright:
© The Author(s) 2022.

Keywords

  • case study
  • contemporary arts business
  • creative industries
  • embeddedness
  • entrepreneurship
  • qualitative research

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