Islam, entrepreneurship, and embeddedness

M. Evren Tok, Joseph Jon Kaminski

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This study centers on the premise that entrepreneurship is an embedded process. Although “the entrepreneur” is inherently an “individual,” entrepreneurship can never be fully disembedded from the more general social settings within which any business venture is situated. An Islamic-based economic discursive framework should be cognizant of the different forms of sociality, spatiality, and community as well as the various norms, codes, and symbols that define society more generally. The work of Karl Polanyi on embeddedness is engaged and juxtaposed with Islam's understanding of the ideal mode of economic discursive practices. Islamic economic models and Polanyi are both critical of the corrosive effects of unbridled capitalism and individualism that ultimately lead to reification and exploitation. The conclusion recommends more small-N case studies by researchers and entrepreneurial educational materials that emphasize the importance of networks and local embeddedness.

Original languageEnglish
Pages (from-to)697-705
Number of pages9
JournalThunderbird International Business Review
Volume61
Issue number5
DOIs
Publication statusPublished - 1 Jan 2019

Fingerprint

entrepreneurship
Islam
reification
sociality
economic model
individualism
economics
entrepreneur
exploitation
capitalist society
symbol
capitalism
community
Economics
Embeddedness
Entrepreneurship
Society
Exploitation
Individualism
Venture

ASJC Scopus subject areas

  • Business and International Management
  • Geography, Planning and Development
  • Political Science and International Relations

Cite this

Islam, entrepreneurship, and embeddedness. / Tok, M. Evren; Kaminski, Joseph Jon.

In: Thunderbird International Business Review, Vol. 61, No. 5, 01.01.2019, p. 697-705.

Research output: Contribution to journalArticle

Tok, M. Evren ; Kaminski, Joseph Jon. / Islam, entrepreneurship, and embeddedness. In: Thunderbird International Business Review. 2019 ; Vol. 61, No. 5. pp. 697-705.
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