ABSTRACT
This chapter argues that discussion by introducing strain theory which, most basically, is a further refinement and expansion of the concept of anomie. In addition to strain theory, an understanding of entrepreneurship can be further expanded through an application of social homeostasis theory that was initially developed by anthropologist Gregory Bateson to deal with family tensions triggered by substance abuse. Strain theory expands the thoery of anomie by looking at conditions that lead to deviant behavior and how people relate to these circumstances. Strain theory depicts people acting in deviant ways as they respond to the pressures and circumstances faced. The basic strain theory associated with Robert Merton primarily deals with financial dilemmas and deprivations that inhibit certain people from succeeding in “normal” and socially acceptable ways. Entrepreneurship involves significant and transformational changes that help social systems adjust to circumstances and/or implement changes that enhance effective functioning.
