Guest editors' introduction to the special issue - Strategic entrepreneurship: Entrepreneurial strategies for wealth creation

Entrepreneurship involves identifying and exploiting entrepreneurial opport unities. However, to create the most value entrepreneurial firms also need to act strategically. This calls for an integration of entrepreneurial and strategic thinking. We explore this strategic entrepreneurship in several i mportant organizational domains to include external networks and alliances, resources and ouganizational learning, innovation and internationalization . The research in this special issue examines both traditional (e.g., conti ngency theory, strategic fit) and new theory (e.g., cultural entrepreneursh ip, business model drivers). The research also integrates, extends, and tes ts theory and research from entrepreneurship and strategic management in ne w ways such as creative destruction (discontinuities), resource-based view, organizational learning, network theory, transaction costs and institution al theory. The research presented herein provides a basis for future resear ch on strategic entrepreneurship for wealth creation. Copyright (C) 2001 Jo hn Wiley & Sons, Ltd.