The field of entrepreneurship theory is a dynamic and evolving one, characterized by a continuous quest for consolidation and refinement. While there have been significant advancements in understanding entrepreneurship, it would be premature to claim that the theory is fully consolidated. Entrepreneurship is a multifaceted concept with a wide array of factors, including individual traits, opportunity recognition, innovation, and organizational behavior, all of which contribute to its complexity. Scholars and researchers have made substantial progress in categorizing and explaining different aspects of entrepreneurship, giving rise to various theories and models such as the opportunity-based view, the resource-based view, and the effectuation theory. However, there is no universally accepted framework that encompasses all aspects of entrepreneurship. Moreover, the entrepreneurial landscape is constantly changing due to technological advancements, global economic shifts, and cultural influences. As a result, the theory of entrepreneurship must adapt and expand to accommodate these shifts. entrepreneurship theory is far from consolidated. It is a vibrant field that continues to grow and evolve as scholars and practitioners seek to develop a more comprehensive understanding of this essential economic and social phenomenon.

There is no knowledge of how to create enterprises. We have some templates and tools to help us brainstorm our idea on a basic level, but economic science and management have not provided a comprehensive theory of how an enterprise functions, what its systems are, how they are interconnected, and what is the building 'cell' that we need to design, structure and manage for everything to function. We don't have an anatomical and physiological model of the enterprise, something that is crucial for any doctor to manage health.

See this book (pdf) that gives an explanation and talks about an institute that has developed one consolidated theory based on the 100 years of development history in the field of scientific management:

Platform: Digital Transformation of Economic Science | ITFES

Dear Elton Eustáquio Casagrande

Yes, all approaches are good. See, entrepreneurship is not an exact science, it depends on different variables and circumstances, so each approach gives you an approximation of a specific reality in a specific scenario.

I hope this helps.

Ядро теории предпринимательства на сегодня уже сформировано и стабильно. Разумеется, как и у любой науки, связанной с жизнью общества, существуют новые открытия, тенденции развития, меняющееся влияние внешней среды. Тем не менее, теорию предпринимательства можно рассматривать, как консолидированную. Не стоит переоценивать значение шумов, многие из которых всего лишь временно модны.

All the views above are right. In my view entrepreneurship is context specific. What works in one place may not work effectively in another place. What we need is more context specific research to explore the different models that would apply in the different contexts. There is no one size fits all in my view.

In my opinion, Entrepreneurship Theory is not strong enough. Entrepreneurship theory can be strong if it is approached by involving Traits Theory (leadership), the big five personalities, existing theories in human resource management science.

www.EntrepreneurProfileTest.com might add some info on it

I consider that the approaches to entrepreneurship are good, but sometimes the type of entrepreneurship, the culture of the territory where it is carried out, the market niche and the expectations of the entrepreneurs can favor the use of one approach or a combination of them.

I would like to share a comment, but, is still open your question?

In Fact, that theory can apply to macroeconomy.