Entrepreneurship Theories Radar
The Strategic Theory Radar
Select any theory below to see its diagnostic profile. This tool maps over 50 frameworks across the five core dimensions of entrepreneurship.
Schumpeter's Theory
Highly focused on radical innovation and economic disruption (Creative Destruction). High systemic risk, but primarily an economic analysis rather than individual cognition.
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How we calculate the strategic profile of each framework.
1. Innovation
Measures the emphasis on novelty, market disruption, and new combinations.
High: Schumpeter, Disruptive Innovation
Low: Arbitrage, Imitative Models
2. Risk & Uncertainty
Measures the focus on navigating the unknown and bearing potential loss.
High: Knight, Cantillon, Toxoplasmosis
Low: Planned Management, Optimization
3. Action
Focuses on the "process"—the tools and methods used to build a venture.
High: Lean Startup, Bricolage, Effectuation
Low: Historical or Macro-Economic Theory
4. Cognition
Focuses on the mindset, psychology, traits, and alertness of the individual.
High: Kirzner, N-Ach, Self-Efficacy
Low: Population Ecology, Institutional
5. Social Impact
Measures value creation beyond private economic profit (community/ethics).
High: Indigenous, Social Ent, Feminist
Low: Agency Theory, Shareholder Value
