Five areas are identified wherein more development might enhance the current model of strategic entrepreneurship (SE): exploration–exploitation, opportunity, newness, micro–macro interaction, and dynamics. Complexity science is presented as an alternative theoretical lens for addressing these issues, and enhancing the potential of SE in a world characterized by fluctuations, irreversibility, nonlinearity, and instabilities. Using this lens, a rearticulation of SE is proposed that centers on the notion of an opportunity space and a paradigm built around forms, flows, and functions. SE's domain consists of a complex set of phenomena that cannot be neatly bundled according to disciplinary boundaries.
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Schindehutte et al. (2008) studied this question.
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