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STRATEGY AND ENTREPRENEURSHIP: OUTLINES OF AN UNTOLD STORY Saras D. Sarasvathy University S. Venkataraman University Invited book chapter in the Strategic Management Handbook edited by Hitt et.al. (Revised December 10, 20XX) In his book “InventionPAGE \# Page: # It was Herb’s advice not to use “editorial” adjectives while citing a work as far as possible – may be the reader thinks it is a mundane piece, for example, why turn the reader off our piece based on differences of opinion about someone we are citing? The key thing is to focus on the actual content of the cite and its usefulness in making our point than expressing our enthusiasm for it…,” Professor Norbert Wiener (1993), commenting on the relative importance accorded to individuals and institutions in historical narratives of science and inventions, asks us to imagine Shakespeare’s “Romeo and Juliet” without either Romeo or the balcony. Weiner took his inspiration from the work of the English writer, Rudyard Kipling. The story is just not the same. He likens much of the study of the economic history of science and accounts of inventions as “all balcony and no Romeo.” The balcony for Norbert Wiener captures the context in which the story unfolds – the culture, the institutions, the constraints and the catalysts that move the plot forward and thicken it. Romeos, for Wiener, play the leading parts in the story, because there is a strong fortuitous element to inventions and there is no inevitability that a possible discovery will be made at a PAGE \# Page: # It was Herb’s advice not to use “editorial” adjectives while citing a work as far as possible – may be the reader thinks it is a mundane piece, for example, why turn the reader off our piece based on differences of opinion about someone we are citing? The key thing is to focus on the actual content of the cite and its usefulness in making our point than expressing our enthusiasm for it… Weiner took his inspiration from the work of the English
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