Entrepreneurship and Strategy

ORG521 Entrepreneurship and Strategy

Høst 2021

  • Topics

    The purpose of this course is to introduce PhD-students to key theories and empirical findings regarding performance differences from entrepreneurship. It is located at the intersection of the entrepreneurship- and strategy literatures, where the strategy literature offers a general understanding of performance differences across firms, while the entrepreneurship literature contributes specifics for the entrepreneurial firm and the entrepreneurial setting.

    The course will start with general theories of competitiveness and performance differences. We will then examine the role of fundamental inputs such as the role of human capital and finance in the entrepreneurial firm, before we move on to address entrepreneurship and newer business models such as networks, platforms and ecosystems. The topic of platforms and ecosystems is to a considerable extent about relationships outside the firm and forms a natural bridge to discuss sources of performance differences associated with a firm’s external environment. We’ll here expand our focus to both the close environment such as incubators and accelerators, but also the impact of the larger institutional environment the firm is born into. In addition to all of this, we will also address entrepreneurship in established firms, and how this is both similar and different from entrepreneurship in new firms.

  • Learning outcome

    After completing this course the candidate can…


    • …account for theories and constructs about sources of performance differences across firms
    • …apply these theories and constructs to entrepreneurship
    • …account for key theories and constructs specific to entrepreneurship
    • …account for key patterns in empirical findings regarding this relationship


    • …understand and discuss the degree to which different theories and constructs are complements or substitutes
    • …relate new empirical findings to underlying theoretical concepts
    • …ability to formulate interesting research questions at the intersection of entrepreneurship and strategy

    General competence

    • …absorb, communicate, discuss, and evaluate research at the intersection of strategy and entrepreneurship at the research frontier
    • …contribute knowledge to strategy discussions in entrepreneurial firms

  • Teaching

    The course is seminar based. This means that course participants will be actively included in presenting material and leading classroom discussions. The course will be offered digitally if it cannot be held on campus.

  • Restricted access

    The course is open to students enrolled in PhD programs at other institutions.

  • Recommended prerequisites

    It is recommended that students are familiar with core theories and constructs in strategy. For those who are not, we will suggest a book to be read in advance

  • Credit reduction due to overlap


  • Requirements for course approval

    Participation in presenting material and classrom discussions. 

    Mandatory attendance. If the course is held online, online attendance will be mandatory.

  • Assessment

    Home exam, 8 hours. Exams are individual (not team based)

  • Grading Scale


  • Literature

    A list of papers will be distributed well before the course starts



Offered spring 2021. February 8th - 12th.

At present it seems likely that the course will have to be conducted online due to the Corona-situation. A change to an online format may require additional (minor) modifications of the course.

Course responsible

Professor Peter G. Klein, Department of Entrepreneurship, Baylor University/Department of Strategy and Management NHH

Professor Lasse B. Lien, Department of Strategy and Management NHH