Institutional entrepreneurship: a literature review and analysis of the maturing consulting field

Michael Smets; Markus Reihlen

doi:10.4337/9781848446267.00028

Institutional entrepreneurship: a literature review and analysis of the maturing consulting field

Michael Smets^*, Markus Reihlen

^*Corresponding author for this work

Research output: Chapter in Book/Published conference output › Chapter (peer-reviewed) › peer-review

Abstract

With few exceptions (e.g. Fincham & Clark, 2002; Lounsbury, 2002, 2007; Montgomery & Oliver, 2007), we know little about how emerging professions, such as management consulting, professionalize and establish their services as a taken-for-granted element of social life. This is surprising given that professionals have long been recognized as “institutional agents” (DiMaggio & Powell, 1983; Scott, 2008) (see Chapter 17) and professionalization projects have been closely associated with institutionalization (DiMaggio, 1991).
Therefore, in this chapter we take a closer look at a specific type of entrepreneurship in PSFs; drawing on the concept of “institutional entrepreneurship” (DiMaggio, 1988; Garud, Hardy, & Maguire, 2007; Hardy & Maguire, 2008) we describe some generic strategies by which proto-professions
can enhance their “institutional capital” (Oliver, 1997), that is, their capacity to extract institutionally contingent resources such as legitimacy, reputation, or client relationships from their environment.

Original language	English
Title of host publication	Handbook of research on entrepreneurship in professional services
Editors	Markus Reihlen, Andreas Werr
Publisher	Edward Elgar
Pages	297-317
Number of pages	21
ISBN (Electronic)	978-1-78100-910-9
ISBN (Print)	978-1-84844-626-7, 1-84844-626-8
DOIs	https://doi.org/10.4337/9781848446267.00028
Publication status	Published - 31 Oct 2012

Publication series

Name	Elgar original reference
Publisher	Edward Elgar publishing

Bibliographical note

The chapter is for personal use only and directing any queries about re-use to Edward Elgar Publishing.

Keywords

institutional entrepreneurship
institutional capital
consulting

Access to Document

10.4337/9781848446267.00028

Institutional entrepreneurship
The chapter is for personal use only and directing any queries about re-use to Edward Elgar Publishing.
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http://www.e-elgar.co.uk/bookentry_main.lasso?id=13603&breadcrumlink=&breadcrum=&sub_values=&site_Bus_Man=&site_dev=&site_eco=&site_env_eco=&site_inn_tech=&site_int_pol=&site_law=&site_pub_soc=

Cite this

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Institutional entrepreneurship: a literature review and analysis of the maturing consulting field. / Smets, Michael; Reihlen, Markus.
Handbook of research on entrepreneurship in professional services. ed. / Markus Reihlen; Andreas Werr. Edward Elgar, 2012. p. 297-317 (Elgar original reference).

Research output: Chapter in Book/Published conference output › Chapter (peer-reviewed) › peer-review

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Institutional entrepreneurship: a literature review and analysis of the maturing consulting field

Abstract

Publication series

Bibliographical note

Keywords

Access to Document

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Changing career models and capacity for innovation in professional services

Management consulting firms as institutional agents: strategies for creating and sustaining institutional capital

Management consultancies as institutional agents: strategies for creating and sustaining institutional capital

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