A Conceptual Model of Entrepreneurship as Firm Behavior: A Critique and Extension

Abstract

The study of firm-level entrepreneurship Is fast becoming a central Issue In the literature. Research on the topicshows Increased vitality and rigor. Recently, Covin and Slevin (1991) have suggested an Integrative model that explains the association between a company's entrepreneurial posture and Its external environment, strategy, Internal factors, and organizational performance. This article highlights several areas wherethe Covin-Slevin model should be revised and extended to better capture the nature of entrepreneurial behavior as well as Its antecedents and consequences.