Drawing on perspective of real governance this paper examines the informal and formal governance mechanisms of small informal-semi formal entrepreneurial firms. Empirically this study has been conducted in Pakistan and sample firms have been drawn from event planning industry. They are mostly young and small informal or semi-formal firms and have strongly emerged against core competition contributed by traditional hotel and catering industry. Findings improved our understanding of everyday governance i.e. real governance and elaborated the concept of entrepreneurial resourcefulness in un-favored institutionalized environment. As we found resourcefulness perspective be supportive in the process of generation and evolution of governance patterns.
|Publisher||Academy of Management Proceedings|