1 Institut for Ledelse og Virksomhedsstrategi, Faculty of Business and Social Sciences, SDU2 Department of Entrepreneurship and Relationship Management, Faculty of Business and Social Sciences, SDU3 Department of Entrepreneurship and Relationship Management, Faculty of Business and Social Sciences, SDU
This article offers a systematic analysis and synthesis of the area of entrepreneurial management. Through a presentation of two main perspectives on entrepreneurial management and a newly developed unifying conceptual entrepreneurial management model, the paper discusses a number of theoretical disagreements, managerial dilemmas and paradoxes. On the basis of the findings and conclusions of the study, the article contributes with and overview of the entrepreneurial management field, and offers an answer to the overall research question: What constitutes the most essential areas and challenges of entrepreneurial management? The paper builts on the seminal work by Stevenson (1983, 1990) and proposes a discussion and elaboration of the understanding and definition of entrepreneurial management in terms of the relationship between entrepreneurial opportunities and firm resources.