Abstract
Indigenous people often do not get the full benefits of economic development, regardless of their proximity to production factors. While many academics have recognised and investigated indigenous people's problems, relatively few have suggested entrepreneurship as a means to addressing them. In this paper, we explore Peredo et al.'s (2004) work, 'Towards a theory of indigenous entrepreneurship - a theory of entrepreneurship that accounts for indigenous people and sustainability'. Using Scopus and Google Scholar, a bibliometric analysis confirmed the impact of this work, first published some 16 years ago. The analysis reveals that the paper has been referenced over 300 times, with over 70% of these citations originating from online academic journal articles and books and 30% from different types of websites. The paper's substantial impact on future research in indigenous entrepreneurship indicates that it is and will continue to be a foundational work on indigenous entrepreneurship.
Highlights
Indigenous entrepreneurship is gaining recognition as a new and growing area of study that focuses on a previously overlooked element of entrepreneurship
The work of Peredo et al (2004) offers several original and incremental insights (Corley and Gioia, 2011), which provided a valuable way of construing the role of the indigenous people in the global economy, passing the test of usefulness
The theory of indigenous entrepreneurship explicitly acknowledges the positive or negative role that multinational corporations and supranational bodies can play in influencing this process
Summary
Indigenous entrepreneurship is gaining recognition as a new and growing area of study that focuses on a previously overlooked element of entrepreneurship. The authors attempted to understand indigenous people’s place in the global economy through three theories/models: modernisation (or assimilation), dependency, and contingency. In essence, when technology advances and economic production becomes more flexible, different countries and communities react differently, owing to various variables such as social norms, culture, and state regulations. This model acknowledges distinctions between communities having a nodal function in the global economy because it views the global economy as the accumulation of sustained local activities. Unlike the previous two models, this one fosters indigenous entrepreneurship, and more importantly establishes that “indigenous groups that choose to ‘opt in’ to the global economy are not at the end of the process – they are at the beginning” [Peredo et al, (2004), p.14]. Suggestions were given for study topics critical to advancing the idea of indigenous entrepreneurship
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