Unfolding autotelic capabilities in low-tech knowledge-intensive entrepreneurship Online publication date: Sat, 19-Jul-2014
by Glykeria Karagouni; Yannis Caloghirou
J. for International Business and Entrepreneurship Development (JIBED), Vol. 7, No. 1, 2013
Abstract: This paper tries to explicate the nature and dimensions of the newly presented autotelic capabilities (ACs). The relevant framework introduces a comprehensive set of entrepreneurial dynamic capabilities which depend on the entrepreneurial teams' characteristics, can be harnessed to a certain extent, and lead to the creation of entrepreneurial activities focused on novel knowledge-intensive ideas which challenge and change the existing business ecosystems or create new ones. Although still in their infancy, we propose that ACs can be defined and more clearly understood through three dimensions, notably bricolage, improvisational and transcendental capabilities. ACs are responsible for the shaping of emergent conditions by creating and not simply discovering opportunities. They engage in exploration out of the boundaries of the firm and usually even of the industry they belong which is a major role of ACs in building initial competitive advantages. The framework applies for low-tech but knowledge-intensive new and corporate ventures.
Online publication date: Sat, 19-Jul-2014
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