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Journal articles on the topic 'New Venture Creation'

Author: Grafiati

Published: 4 June 2021

Last updated: 30 January 2023

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1

Kirkley, William W. "Creating ventures: decision factors in new venture creation." Asia Pacific Journal of Innovation and Entrepreneurship 10, no. 1 (December 5, 2016): 151–67. http://dx.doi.org/10.1108/apjie-12-2016-003.

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Purpose The purpose of this pilot study was to identify the key factors that influence the decisions of entrepreneurs who are considering the creation of a new venture. The pilot was conducted to explore the cognitive antecedents of entrepreneurial decision-making and whether specific factors contribute to the decision to create a new venture. Design/methodology/approach The study utilised an inductive and interpretive research design within a constructivist paradigm. The sample comprised entrepreneurs situated in a business incubation unit who engaged in a series of semi-structured interviews. The results of this study will be used to refine the questions asked in preparation for a larger sample using in-depth interviews with identified entrepreneurs. The resulting narrative in this pilot was subjected to discourse analysis and is categorised into relevant themes. Findings The findings in this pilot study reveal that factors such as technological advancement, market opportunity, competition, customer demand and prevailing market conditions have a significant influence on the decision-making process involved in creating a new venture. Research limitations/implications Although the pilot has identified several factors in entrepreneurial decision-making, further work will be needed in the research design to be able to expose the cognitive processes associated with each factor. The aim is to identify the common cognitive characteristics associated with thinking through the decision to create a new venture with a much larger sample of entrepreneurs. Originality/value The value of this research lies in exploring and developing a better understanding of the antecedent cognitive processes used by entrepreneurs for identifying unique, innovative new ideas and converting them into exploitable products or services through new venture creation.

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M., Kannadhasan, Parikshit Charan, Pankaj Singh, and Sivasankaran N. "Relationships among social capital, self-efficacy, and new venture creations." Management Decision 56, no. 1 (January 8, 2018): 204–18. http://dx.doi.org/10.1108/md-04-2017-0304.

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Purpose The purpose of this paper is to examine the relationship of social capital with new venture creation, and whether self-efficacy plays a role in mediating the association between social capital and new venture creation. Design/methodology/approach Data were collected from 375 entrepreneurs through cross-sectional survey in India. The study used partial least square path modeling to assess the relationships among the variables. Findings Findings reveal that social capital is positively related to new venture creation. The association of social capital and new venture creation is fully mediated by entrepreneurs’ self-efficacy. Originality/value The role of social capital in the success of new venture creations through self-efficacy is useful to the potential entrepreneurs and people who facilitate new venture creation in Indian context.

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Lumpkin, G. T., and Benyamin Bergmann Lichtenstein. "The Role of Organizational Learning in the Opportunity–Recognition Process." Entrepreneurship Theory and Practice 29, no. 4 (July 2005): 451–72. http://dx.doi.org/10.1111/j.1540-6520.2005.00093.x.

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Firms engage in entrepreneurship to increase performance through both strategic renewal and the creation of new venture opportunities. Organizational learning (OL) has become an effective avenue for strategic renewal. But what of creating venture opportunities—can OL enhance the process of recognizing and pursuing new ventures? This article argues that OL can strengthen a firm's ability to recognize opportunities and help equip them to effectively pursue new ventures. First, we identify three approaches to OL—behavioral, cognitive, and action. Then, we introduce a creativity–based model of opportunity recognition (OpR) that includes two phases—discovery and formation. Next, we show how each of the three types of learning is linked to the two phases of OpR. We suggest propositions that support our claim that OL enhances OpR and offer examples of firms that have used these organizational–learning approaches to more effectively recognize and pursue venture opportunities. These insights have important implications for entrepreneurial firms seeking to advance the venture–creation process.

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Indrawan, Muhammad Gita. "NEW VENTURES CREATION AND JUSTIFICATION IN A GLOBAL CONTEXT." Business and Entrepreneurial Review 11, no. 2 (July 9, 2017): 155. http://dx.doi.org/10.25105/ber.v11i2.1932.

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We argue that creating novel ventures consists of inductive analogical or metaphorical reasoning, which generates a platform for the creation and commercialization of novel ventures andfacilities the comprehension and justification of a vent lire. We argue that such inductive reasoning is shaped by two determinants (the applicability of prior entrepreneurial experience and the motivation to resolve uncertainly and acquire legitimacy) that interrelate to predict and explain pattern of analogical and metaphorical reasoning by which novice and experienced entrepreneurs construct meaning for themselves as well as others in the early stages of creating a venture

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Wright, Mike, and Susan Marlow. "Entrepreneurial activity in the venture creation and development process." International Small Business Journal: Researching Entrepreneurship 30, no. 2 (January 5, 2012): 107–14. http://dx.doi.org/10.1177/0266242611432793.

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This special edition editorial notes the complex and dynamic nature of the new venture creation process. Although the growing body of work which explores discrete elements of this process is acknowledged, in-depth analyses of the ‘black box’ of new venture creation remain scarce. Thus, this special edition features articles that recognize and explore how entrepreneurial actors and their ventures progress within and between the various phases necessary to establish viable new firms within differing and uncertain contexts. Three articles are featured offering a diverse range of perspectives upon the challenges encountered during new venture creation and the strategies adopted to address these issues. Drawing from these articles, a more nuanced processual view of entrepreneurial activity in the venture creation and development process is presented and in addition, pathways are suggested for future research to develop this debate.

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LEE, LENA, and POH-KAM WONG. "ATTITUDE TOWARDS ENTREPRENEURSHIP EDUCATION AND NEW VENTURE CREATION." Journal of Enterprising Culture 11, no. 04 (December 2003): 339–57. http://dx.doi.org/10.1142/s0218495803000111.

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Does an individual's positive attitude towards entrepreneurship education promote the growth of new ventures? It appears that it does. The empirical results presented in this paper support a prima facie claim that a relationship exists between attitude towards entrepreneurial education and business start-up. The aim of this paper is to investigate the hypothesised positive relationship between new venture founding and attitude towards entrepreneurial education (AEE). Limited if any research on new venture founding in the past has explored the contribution of AEE in business start-ups. A survey is carried out on a large sample (more than 15,000) of tertiary students residing in Singapore. In analysing the dataset, we have controlled for various factors in the regression analysis. Due to the limitations of our study, we are cautious not to assert any causal link between these 2 variables. The implications of the results to policy makers and educators are discussed along with suggestions for future research in order to refine our present understanding of these relationships.

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7

Stokvik, Hanne, Daniel J. Adriaenssen, Jon-Arild Johannessen, and Hugo Skålsvik. "Aspects of a knowledge theory for new venture creation: management, policy and methodological implications." Problems and Perspectives in Management 14, no. 2 (June 6, 2016): 155–63. http://dx.doi.org/10.21511/ppm.14(2-1).2016.04.

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The problem studied is related to new venture creation. The question the authors will examine here is: What are the knowledge conditions for new venture creation? The methodology used is conceptual generalization. The purpose of the paper is to bring new understandings to venture creation. In attempting to answer the research question, the authors hope to make a contribution to a policy for supporting entrepreneurship, both corporate entrepreneurship and independent entrepreneurship. The approach the authors adopt here has its roots in the Austrian School. The area of research is the global knowledge economy of the 21st century. Finding one, in this paper, is that entrepreneurial policy has to take four types of knowledge (explicit, tacit, implicit, hidden) into consideration in order to effectively bring forward new venture creation. Finding two is a mini theory, i.e., a system of propositions for new venture creation. Finding three is a system of methodology developed to bring forward the four knowledge types mentioned in finding one

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HOELSCHER, MARK, and BALASUBRAMANIAN ELANGO. "THE IMPACT OF BUSINESS CLIMATE, FOREIGN POPULATION AND UNEMPLOYMENT ON NEW VENTURE CREATION." Journal of Developmental Entrepreneurship 17, no. 04 (December 2012): 1250021. http://dx.doi.org/10.1142/s1084946712500215.

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This paper seeks to add to the literature on regional factors that drive development of new ventures. In particular, it investigates the effects of business climate, foreign population and unemployment on new venture creation. Using state level data from the time period 2003–2007, we find that while business climate and foreign population are positively related to new venture creation, unemployment is negatively related. Implications of this study for fostering entrepreneurship are discussed.

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Kariv, Dafna, Louis Jacques Filion, and Cândido Borges. "Generational cohorts and new venture creation." International Journal of Entrepreneurship and Small Business 21, no. 2 (2014): 133. http://dx.doi.org/10.1504/ijesb.2014.059469.

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10

Luo, Lingli, Xufei Ma, Shige Makino, and George A. Shinkle. "Cluster status and new venture creation." Journal of Business Venturing 35, no. 5 (September 2020): 105985. http://dx.doi.org/10.1016/j.jbusvent.2019.105985.

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11

Forbes, Daniel P. "Cognitive approaches to new venture creation." International Journal of Management Reviews 1, no. 4 (December 1999): 415–39. http://dx.doi.org/10.1111/1468-2370.00021.

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Popov, Alexander, and Peter Roosenboom. "Venture capital and new business creation." Journal of Banking & Finance 37, no. 12 (December 2013): 4695–710. http://dx.doi.org/10.1016/j.jbankfin.2013.08.010.

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13

Haneberg, Dag Håkon, and Torgeir Aadland. "Learning from venture creation in higher education." Industry and Higher Education 34, no. 3 (October 22, 2019): 121–37. http://dx.doi.org/10.1177/0950422219884020.

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This article explores how students learn from venture creation in higher education by using a novel empirical approach: the Zaltman metaphor elicitation technique (ZMET). This inductive research approach provides extraordinarily rich data that enable a thorough and holistic understanding of students’ learning processes. The participant selection differentiates students who pursue venturing throughout their entrepreneurship education programme and those who exit venturing halfway through, and the article is the first to pinpoint differences between how students with and without ventures in the same environment learn. The findings reveal that students who choose to exit their new ventures learn based on a community of practice – which is facilitated by other students’ venture creation – while the learning process of students who pursue venturing is in line with previous research. Thus, the present article contributes by empirically demonstrating what previous conceptual contributions have suggested: that researchers should emphasise situated and social learning as an integral element of students’ learning in action-based entrepreneurship education. For practice, the findings imply that entrepreneurship education programmes, in which students learn through venture creation, should be organised in a way that leads them to establish relationships and interact with each other on a regular basis.

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Corner, Patricia D., and Shuyuan Wu. "Dynamic capability emergence in the venture creation process." International Small Business Journal: Researching Entrepreneurship 30, no. 2 (December 1, 2011): 138–60. http://dx.doi.org/10.1177/0266242611431092.

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This article explores dynamic capability formation in new ventures examining technology commercialization at the microlevel of entrepreneurs’ actions and decisions. The research reflects a longitudinal, qualitative, multi-case study design to build theory. Findings reveal two interdependent micro-level patterns that reflect dynamic entrepreneurial capabilities. First, prospecting problems or the capacity to identify problems in industrial settings that a commercially untried technology might solve. Second, openly sharing technological features with prospective customers in order to jointly design prototype products. Revealing technology helped ensure new venture survival in contrast with conventional wisdom that links firm survival to the insulation and protection of technology. Moreover, micro-level patterns shaped macro-level change in venture/customer dyads and in related customer’ industries.

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Steira, Iselin Mauseth, and Marianne Steinmo. "The development of effective new venture teams in venture creation programmes." International Journal of Entrepreneurial Behavior & Research 27, no. 5 (June 9, 2021): 1116–41. http://dx.doi.org/10.1108/ijebr-09-2020-0664.

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PurposeThe purpose of this study is to explore how effective new venture teams are developed in venture creation programmes.Design/methodology/approachThis paper presents a multiple case study focusing on the development of effective new venture teams. Semi-structured interviews with 15 new venture teams from two different venture creation programmes were conducted and an abductive analysis approach was used.FindingsThree key phases of the development of an effective new venture team are identified: (1) establishing a foundation for collaboration, (2) structuring the teamwork and (3) adapting to changes. Key activities undertaken by effective new venture teams in each phase are explicated. The findings suggest that new venture teams that are able to establish a foundation for team collaboration and teamwork structuring have the capacity to persevere through the challenges inherent in emerging ventures.Originality/valueThis study offers a much-needed practical perspective about how effective new venture teams are developed in venture creation programmes, and how venture creation programme educators can facilitate the development of effective new venture teams. For educators, these findings provide important insights about team-based learning in entrepreneurship education.

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Li, Jun, and Dev K. Dutta. "Founding team experience, industry context, and new venture creation." New England Journal of Entrepreneurship 21, no. 1 (May 14, 2018): 2–21. http://dx.doi.org/10.1108/neje-04-2018-0008.

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Purpose The purpose of this paper is to examine the role of founding team experience (industry and venturing) in new venture creation. This paper posits the following questions: How does founding team experience influence the likelihood of new venture creation, in the nascent stage? How does industry context moderate this relationship? The study aims to fill an important gap in the literature by unpacking the impact of different types of founding team experiences on venture outcome, and by focusing on the influence of founding team in the venture creation process, specifically at the nascent stage. Design/methodology/approach The paper utilizes data from the Second Panel Study of Entrepreneurial Dynamics, a longitudinal data set of 1,214 nascent entrepreneurs in the USA. Logistics regression was employed to analyze the effect of founding team experience on new venture creation. Post hoc analysis was conducted to ensure the confidence of the findings. Findings The paper provides empirical insights about how founding team experience influences the likelihood of new venture creation in the nascent stage. At the nascent stage, founding team industry experience positively affects new venture creation while founding team venturing experience does not. However, in the high-technology industry environment, the influence of the founding team’s venturing experience on new venture creation is stronger than that in the low-technology industry environment. Research limitations/implications Due to the design of the data set, there is a risk of “right-censoring” problem. Also, because the study used archival data on founding teams, the methodology did not allow for uncovering the underlying team processes and dynamics during the venture creation process based on learning from experience. Future studies are encouraged to examine other types of founding team experience and the underlying process-level factors on venture creation. Practical implications The paper provides important practical implications for nascent entrepreneurs/entrepreneurial teams on team assembling and composition. In general, a team with higher-level industry experience is critical for venturing success. A team with higher-level venturing experience is more desired in the high-technology industry. Originality/value This paper fulfills an important gap in the entrepreneurial team literature by highlighting the complex and nuanced ways in which founding team experience influences the likelihood of venture creation in the nascent stage of the firm, especially after incorporating the additional impact of the industry context.

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Friske, Wesley M., and Miles A. Zachary. "Regulation, New Venture Creation, and Resource-Advantage Theory: An Analysis of the U.S. Brewing Industry." Entrepreneurship Theory and Practice 43, no. 5 (March 2018): 999–1017. http://dx.doi.org/10.1177/1042258718760840.

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Regulation is an important means by which policymakers address social costs. However, recent research suggests that managing social costs often comes at the expense of entrepreneurial activity. We explore this duality by extending resource-advantage theory to examine the effects of excise taxes, small business tax credits and exemptions, and sales restrictions on rates of new venture creation in the U.S. brewing industry. Our longitudinal analysis of state-level brewery regulations reveals that taxes and sales restrictions have adverse but limited effects on new venture creation over time. Furthermore, tax credits and exemptions are positively associated with growth rates of new ventures.

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18

Hormiga, Esther, and Desiderio Juan García-Almeida. "Accumulated knowledge and innovation as antecedents of reputation in new ventures." Journal of Small Business and Enterprise Development 23, no. 2 (May 16, 2016): 428–52. http://dx.doi.org/10.1108/jsbed-03-2014-0038.

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Purpose – The purpose of this paper is to analyse the effect of an entrepreneur’s accumulated knowledge and firm’s innovation on the development of reputation in the early years of a new venture from a knowledge-based approach. Design/methodology/approach – The study proposes a model that is tested with a sample of 130 firms in non-high-tech industries from the Canary Islands (Spain) using structural equation modelling. Data were collected through a survey. Findings – This study provide interesting insights on the effect of reputation on the performance in new ventures, along with antecedents of the new firm’s reputation from the knowledge-based view. The findings confirm that innovation and prior knowledge play important roles in the development of reputation in the early years of a new venture and that reputation has a significant effect on the performance of a new firm. The entrepreneur’s stock of knowledge does not reveal itself as a significant determinant of innovation and knowledge creation in this context. Research limitations/implications – The entrepreneur’s accumulated knowledge should be seen as a valuable existing asset for a new venture, and innovation and knowledge creation can be used to develop core competencies in orientating the strategic direction of a new venture. Both elements become fundamental despite addressing non-high-tech industries. Practical implications – Entrepreneurs should be aware of the key role that the creation and the stock of knowledge play in the first years of company life and this research shows how significant this relationship with the initial reputation and performance of new venture in non-high-technology industries is. Originality/value – There is a relative scarcity of studies on reputation-building strategies in new entrepreneurial ventures, and the present study adopts an original knowledge-based perspective to shed new light on the analysis of reputation.

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LOPES, MIGUEL PEREIRA, MIGUEL PINA E. CUNHA, and PATRICIA JARDIM DA PALMA. "CASE STUDIES ON WHAT ENTREPRENEURS ACTUALLY DO TO ATTRACT RESOURCES: A TWO-ROUTE FRAMEWORK." Journal of Enterprising Culture 17, no. 03 (September 2009): 323–49. http://dx.doi.org/10.1142/s0218495809000394.

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Taking a grounded approach, we devised a framework to explain how entrepreneurs attract critical resources to venture creation and development. The study was based on qualitative data from a series of interviews with thirteen entrepreneurs conducted in a sample of six case studies. The framework distinguishes two routes that entrepreneurs use to attract resources for their ventures: idea selling, referring to how the entrepreneurs seek to engage others within the venture and to persuade them to support their entrepreneurial efforts; and network building, concerning the attraction effects of the entrepreneurs' social network positions and venture legitimacy. The framework adds to entrepreneurship theory by proposing a conceptual model of resource gathering strategies in new venture creation and development.

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Kitching, John, and Julia Rouse. "Contesting effectuation theory: Why it does not explain new venture creation." International Small Business Journal: Researching Entrepreneurship 38, no. 6 (February 17, 2020): 515–35. http://dx.doi.org/10.1177/0266242620904638.

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We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the process of new venture creation. We do this by conducting an analysis of the principal concepts introduced by effectuation theory. Effectuation theory has become a highly influential cognitive science-based approach to understanding how nascent entrepreneurs start businesses under conditions of uncertainty. But by reducing the process of venture creation to a decision-making logic, effectuation theory pays insufficient regard to the substantial, pervasive and enduring influence of social-structural and cultural contexts on venture creation. Powerful explanations should conceive of venture creation as a sociohistorical process emergent from the interaction of structural, cultural and agential causal powers and must be able to theorise, fallibly, how nascent entrepreneurs form particular firms in particular times and places. We conclude that effectuation’s contribution to entrepreneurship scholarship is more limited than its advocates claim because it can offer only an under-socialised, ahistorical account of venture creation. Failure to theorise adequately the influence of structural and cultural contexts on venture creation implicitly grants nascent entrepreneurs excessive powers of agency.

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Salamzadeh, Aidin, and David A. Kirby. "NEW VENTURE CREATION: HOW START-UPS GROW?" AD-minister, no. 30 (2017): 9–29. http://dx.doi.org/10.17230/ad-minister.30.1.

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Danes, Sharon M., and Juyoung Jang. "Copreneurial identity development during new venture creation." Journal of Family Business Management 3, no. 1 (April 19, 2013): 45–61. http://dx.doi.org/10.1108/20436231311326481.

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Bakhtiari, Samira. "The Economic Sociology of New Venture Creation." Independent Journal of Management & Production 7, no. 4 (December 1, 2016): 1183–95. http://dx.doi.org/10.14807/ijmp.v7i4.478.

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Audretsch, David B., Erik E. Lehmann, and Matthias Menter. "Public cluster policy and new venture creation." Economia e Politica Industriale 43, no. 4 (July 16, 2016): 357–81. http://dx.doi.org/10.1007/s40812-016-0050-9.

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Hack, Andreas, Frauke von Bieberstein, and Nils D. Kraiczy. "Reference point formation and new venture creation." Small Business Economics 46, no. 3 (December 17, 2015): 447–65. http://dx.doi.org/10.1007/s11187-015-9694-5.

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Auschra, Carolin, Timo Braun, Thomas Schmidt, and Jörg Sydow. "Patterns of project-based organizing in new venture creation." International Journal of Managing Projects in Business 12, no. 1 (March 4, 2019): 48–70. http://dx.doi.org/10.1108/ijmpb-01-2018-0007.

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Purpose The creation of a new venture is at the heart of entrepreneurship and shares parallels with project-based organizing: embedded in an institutional context, founders have to assemble a team that works on specified tasks within a strict time constraint, while the new venture undergoes various transitions. The purpose of this paper is to explore parallels between both streams of research and an increasing projectification of entrepreneurship. Design/methodology/approach The study is based upon a case study of the Berlin start-up ecosystem including the analysis of interviews (n=52), secondary documents, and field observations. Findings The paper reveals that – shaped by their institutional context – patterns of project-like organizing have become pertinent to the new venture creation process. It identifies a set of facets from the entrepreneurial ecosystems – more specifically different types of organizational actors, their occupational backgrounds, and epistemic communities – that enable and constrain the process of new venture creation in a way that is typical for project-based organizing. Originality/value This study thus elaborates on how institutional settings enforce what has been called “projectification” in the process of new venture creation and discuss implications for start-up ecosystems.

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Wahee, Supreet Juneja, Dr Broto Bhardwaj, and A. R. Deshmukh. "Cyber entrepreneurial venture: Case studies on Phenomenon of Venture Creation." INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY 8, no. 1 (December 31, 2013): 1221–27. http://dx.doi.org/10.24297/ijmit.v8i1.686.

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Purpose: Cyber Entrepreneurship is gaining much prominence in both developed nations and developing nations and has thus created higher demand for need to study cyber entrepreneurship. In tandem, entrepreneurship and cyber entrepreneurship have been the focus of researchers, educators as well as public and private bodies. Methodology: The research methodology is based on case study method. This paper explores the initiatives in cyber entrepreneurship in various parts of the world through content analysis of journal articles and websites on the subject. Findings: The findings of the research study show that cyber world has given birth to a new breed of cyber entrepreneurs who have used information technology and the Internet to create small, self-sustaining financial eco-systems using a minimum of financial and infrastructural resources creating employment for themselves and this new breed has created employment for others. Originality/contribution:This paper contributed by identifying various practices adopted by successful cyber entrepreneurial ventures.

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Morland, Leigh. "Rounton Coffee and Bedford Street Coffee Shop." International Journal of Entrepreneurship and Innovation 18, no. 4 (November 2017): 256–63. http://dx.doi.org/10.1177/1465750317742325.

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This is the story of a new venture in coffee roasting (Rounton Coffee) and a diversification strategy in the form of a coffee shop (Bedford Street Coffee). The development of these businesses is explained through the experiences of the founder, Dave Beattie. It tells of how he first encountered speciality coffee and then turned his interest into business ventures. Attention is given to the context of speciality coffee and its impact on: product and service differentiation, business models, potential for crowdfunding, motivation for entrepreneurship and the associated learning agenda. The teaching note informs both new venture creation and the entrepreneurial experience and is suited to final year undergraduate and masters’ level courses exploring entrepreneurial learning, opportunity spotting and business model development. In addition, the context of speciality coffee gives insight into how supportive inter-organizational and customer relationships can resource new venture creation, despite challenges in establishing initial links.

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Ilonen, Sanna, Jarna Heinonen, and Pekka Stenholm. "Identifying and understanding entrepreneurial decision-making logics in entrepreneurship education." International Journal of Entrepreneurial Behavior & Research 24, no. 1 (January 8, 2018): 59–80. http://dx.doi.org/10.1108/ijebr-05-2017-0163.

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Purpose It is unclear how nascent entrepreneurs make decisions during the venture creation process. The purpose of this paper is to investigate decision-making logics and their transformation over time among student entrepreneurs who aim to create new business ventures in the higher education setting. Design/methodology/approach The study employs the mixed methods approach through the use of survey and observation data. The longitudinal survey data comprise three surveys collected via an internet-aided tool. The constructs of causation and effectuation are measured using previously tested scales (Chandler et al., 2011). Non-participant observation data were collected during the course, focussing on the venture creation processes of four different start-ups, and were analysed thematically. Findings The findings show three transformation patterns – doubts in how to proceed, unwillingness to proceed, and unsatisfactory team dynamics – that led individuals towards a coping decision-making logic in which no causation or effectuation is emphasised. The findings illustrate that, despite this stage of decision-making logic, the learning process continues: Even if no new business venture is launched, entrepreneurship education can still generate learning outcomes that improve students’ understanding of entrepreneurship as well as understanding of themselves as entrepreneurs. Originality/value This study brings the theories of causation and effectuation into the teaching of entrepreneurship. Of particular value to scholars is the fact that the study generates new understanding of the decision-making logics during new venture creation. Accordingly, this study sheds new light on the transformation and complementarity of the decision-making logic of an individual as new ventures emerge in an educational context reflecting the real-life start-up context.

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Dai, Ye. "Entrepreneurial Regulatory Foci and New Venture Creation Activities." Academy of Management Proceedings 2013, no. 1 (January 2013): 14989. http://dx.doi.org/10.5465/ambpp.2013.14989abstract.

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Davidsson, Per, Jan Recker, and Frederik von Briel. "External Enablement of New Venture Creation: A Framework." Academy of Management Perspectives 34, no. 3 (August 2020): 311–32. http://dx.doi.org/10.5465/amp.2017.0163.

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Hisrich, Robert D., and Janos Vecsenyi. "Decision Analysis and New Venture Creation in Hungary." Management Research News 16, no. 2/3 (February 1993): 1–11. http://dx.doi.org/10.1108/eb028270.

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Withane, Sirinimal. "ENTREPRENEURSHIP AND NEW-VENTURE CREATION: AN INTEGRATIVE FRAMEWORK." Journal of Small Business & Entrepreneurship 4, no. 1 (January 1986): 44–53. http://dx.doi.org/10.1080/08276331.1986.10600255.

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Neck, Heidi M., G. Dale Meyer, Boyd Cohen, and Andrew C. Corbett. "An Entrepreneurial System View of New Venture Creation." Journal of Small Business Management 42, no. 2 (April 2004): 190–208. http://dx.doi.org/10.1111/j.1540-627x.2004.00105.x.

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Hack, Andreas, Frauke von Bieberstein, and Nils Daniel Kraiczy. "Applying Prospect Theory to Predict New Venture Creation." Academy of Management Proceedings 2014, no. 1 (January 2014): 15228. http://dx.doi.org/10.5465/ambpp.2014.156.

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VanderWerf, Pieter A. "A Model of Venture Creation in New Industries." Entrepreneurship Theory and Practice 17, no. 2 (January 1993): 39–47. http://dx.doi.org/10.1177/104225879301700204.

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The peculiarities of new industries make them particularly favorable to the creation of new ventures. The ventures arise from among those parties that have access to Information about the new product, a community that expands over time. But certain activities of the creation process—especially Information gathering and fundraising—stop many ventures from continuing. Moreover, these constrictions In the process are Influenced by past levels of success of the process Itself. This sets up feedback mechanisms that regulate creation rates In various patterns, but eventually lower them to near zero, completing the familiar cycle of new industry entries.

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Fuerst, Sascha, and Peter Zettinig. "Knowledge creation dynamics within the international new venture." European Business Review 27, no. 2 (March 9, 2015): 182–213. http://dx.doi.org/10.1108/ebr-03-2013-0036.

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Purpose – This paper aims to examine the dynamic process of knowledge creation of the international new venture (INV) through the interaction with network partners. The process of how INVs make use of external sources for the acquisition of international market knowledge is not well-understood. Design/methodology/approach – To uncover the dynamics of the knowledge creation process, the authors applied event-driven process research by following the internationalization process of four INVs in real time. More specifically, they adopted qualitative diary research combined with periodic follow-up interviews as the main data collection method. A visual mapping strategy was used for the analysis of the process data. Findings – The analysis shows that different pathways of knowledge acquisition through congenital learning, searching, vicarious learning and grafting interact with each other. Grafting and experiential learning alongside the partner lead to the acquisition of internationalization knowledge in particular. Knowledge sources for international market knowledge are proactively created by the entrepreneurs. The wider effectual stakeholder network constitutes an important source for international market knowledge. Research limitations/implications – The authors followed the early internationalization process of the case firm in real time over a 10-month period. This provides a limited window of observation. Future research might extend the observation period to examine further the evolutionary nature of the different learning types throughout the growth of the INV. The case firms operate in Internet-enabled businesses and are all located in the same country and city (i.e. Colombia and the city of Medellin). Future studies might focus on firms operating in different industries and geographical areas. Practical implications – Congenital technological knowledge is a prerequisite for internationalization. The entrepreneur, however, does not need to rely on congenital international market knowledge. Such knowledge can be developed through network partners. Foreign business and institutional knowledge can be obtained vicariously, also from professional advisors. Internationalization knowledge, however, needs to be developed in close interaction with an international cooperation partner, where a strong relationship commitment prevails. Originality/value – The authors use effectuation theory combined with process research methods to gain insights into the dynamics of knowledge creation within the INV. Thereby, they are able to shed light on the dynamics of the process that is difficult to capture through cross-sectional research designs. Research on the internationalization process of young ventures in the context of Latin America is scarce. Therefore, the paper contributes new knowledge about the development of these firms in that particular region.

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Laudien, Sven M., and Birgit Daxböck. "Enhancing the understanding of international new ventures: a service-oriented perspective." Management Research Review 40, no. 5 (May 15, 2017): 494–516. http://dx.doi.org/10.1108/mrr-07-2015-0169.

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Purpose This paper aims to challenge the up to now mainly product-centered view on international new ventures by analyzing the influence of service orientation on new venture internationalization behavior. It especially focuses on the utilization of specific market entry modes as a result of a growing service orientation. Design/methodology/approach Newness and complexity of the topic call for a qualitative-empirical research approach. Therefore, the paper is based on an in-depth multiple-case study of six international new ventures operating in fashion and lifestyle industry. Findings This paper shows that service-oriented international new ventures make use of different market entry modes at the same time. Service-related capabilities allow them to especially use cooperative market entry modes to fuel lacking market knowledge and thus to overcome resource constraints in value creation processes. Originality/value The paper contributes to a more holistic understanding of international new ventures, as it provides empirical evidence for the importance of service-related aspects in new venture internationalization. Furthermore, the paper extends international new venture research by not only considering an early international market entry but also other aspects of internationalization such as the type of offerings or the preferred market entry modes.

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Steier, Lloyd. "Where Do New Firms Come From?" Family Business Review 22, no. 3 (June 8, 2009): 273–78. http://dx.doi.org/10.1177/0894486509336658.

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The creation of new firms is an important economic activity; however, understanding of the actual venture-creation process remains limited. P. Rodriguez, C. S. Tuggle, and S. M. Hackett (2009) address this deficiency by adopting an internal social capital perspective and examining the effects of family financial, social, health, and ethnic contexts on firm creation. This commentary extends their work by reinforcing that households are important units of analysis and are usefully viewed as incubators and opportunity platforms for venture creation. It further suggests that social capital has a nested nature and that households should be viewed as part of the overall welfare mix.

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Ali Umrani, Waheed, Abdul Khaliq Doudpota, and Umair Ahmed. "ICON stores: managing a new business venture." Emerald Emerging Markets Case Studies 6, no. 1 (May 2, 2016): 1–20. http://dx.doi.org/10.1108/eemcs-03-2015-0030.

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Subject area Entrepreneurship. Study level/applicability Undergraduate – Entrepreneurship. Case overview The case concerns to an entrepreneur named Aamir Ghouri, a US graduate, who is concerned about managing the growth of his newly established venture named ICON Stores. The case presents the idea of entrepreneurial mindset characteristics and motivation besides which, it also explains the typical venture creation process in Pakistan and the general rubrics used to measure the entrepreneurial success in the economy. Expected learning outcomes The case is designed to help students to understand entrepreneurial mindset, characteristics and motivation; to understand entrepreneurial venture creation process; to learn the common practices regarding the measurement of entrepreneurial success of new venture; and to outline as to how growth of a new venture could be managed profitably. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 3: Entrepreneurship.

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Henry, Colette, and Lorna Treanor. "Where to now? New directions in supporting new venture creation." Journal of Small Business and Enterprise Development 20, no. 2 (May 9, 2013): 249–57. http://dx.doi.org/10.1108/14626001311326824.

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Cadle, S. W., and J. H. van Rooyen. "The importance of knowledge and skills transfer in the private equity, venture capital and angel investing process." Corporate Ownership and Control 8, no. 3 (2011): 518–34. http://dx.doi.org/10.22495/cocv8i3c5p3.

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New business development is one of the most important contributors to economic growth, job creation and economic prosperity of any country. The successful creation of new ventures is a difficult process with many risks involved. The reward of a successful venture is such that many investors are prepared to accept a certain level of risk in the hope of achieving high returns on their capital invested. Many different aspects contributing to the success of a new venture and specifically the importance of the transfer of knowledge and skills in the investment process, was researched. Venture capital investment in the broader sense, including angel investing, venture capital and private equity investment, are important contributors to economic growth and prosperity. Venture capital and Angel investing are seen to be risky ways to invest. However, the risk may be reduced through the active involvement investment process thereby transferring knowledge. The investor is not only a provider of funds but also the provider of knowledge and skills to assist the venture to become successful. The literature review included the results from research recently conducted in the United States of America and Europe. This research highlighted factors, other than merely having a good business idea, that influence the success of a new venture. The global research clearly indicates that the active involvement of the angel investors, venture capitalists and private equity investors in new ventures, through the transfer of knowledge and skills, determines the success of the investment in new business development. The survey that was done in the SA venture capital environment support this outcome although the SA venture capital market sector is in the early stages of development and focuses on private equity investment and not so much new business development. The SA venture capital market discounts their risk through tangible securities taken in the investment process. Investments made are large amounts in well-established ventures with complete management teams where the investor’s involvement is restricted to control and ensuring that the venture complies too the expectation of the providers of the funds. The SA market concentrates much more on control and monitoring as their counterpart in the USA. The main objective of the study, to determine the impact of the transfer of knowledge and skills by the investor to the investee, is supported by the research done in the USA. The effect of the transfer of knowledge and skills is further supported by the effect on the long term return. The transfer of knowledge and skills and active participation increases the expected IRR. The findings are also supported by the literature research done indicating important elements needed to enhance the venture’s chances of success.

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Herron, Lanny, and Harry J. Sapienza. "The Entrepreneur and the Initiation of New Venture Launch Activities." Entrepreneurship Theory and Practice 17, no. 1 (October 1992): 49–55. http://dx.doi.org/10.1177/104225879201700106.

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Much of the previous research attempting to relate traits of the entrepreneur to new venture creation has failed to demonstrate a definitive linkage. This failure should not impugn the importance of the individual as the most cogent unit of analysis In entrepreneurship research and theory. On the contrary, since most new organizations are Initiated and created by individuals operating alone or in small teams, it should motivate new ways of modeling and testing the human phenomena involved In venture creation. Accordingly, this paper presents a structural model of the initiation of new venture creation which links psychological and behavioral concepts with those of organization theory to explain the initiation of launch activities for new business enterprises.

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Kumar, Nishant. "International Entrepreneurship: Case of Happiest Minds." South Asian Journal of Business and Management Cases 1, no. 1 (June 2012): 17–30. http://dx.doi.org/10.1177/227797791200100103.

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An in-depth case study of a successful serial entrepreneur in India and the two international new ventures he founded illustrates the entrepreneurial capabilities that are particularly important for successful international new venture creation. This case study examines in detail how potential international entrepreneurs can develop such capabilities in order to improve their chances of gaining success in international new ventures, and concludes with a discussion of the implications of the authors’ findings for entrepreneurship research and practice.

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Kazmi, Syed Zaheer Abbas, and András Nábrádi. "New venture creation – the influence of entrepreneurship education on students’ behavior (a literature – review based study)." Applied Studies in Agribusiness and Commerce 11, no. 1-2 (June 30, 2017): 147–53. http://dx.doi.org/10.19041/apstract/2017/1-2/18.

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Entrepreneurship brings economic growth and development through the process of venture creation. These new business enterprises have a very important and positive impact on employment generation, poverty alleviation, and socio-economic development. Entrepreneurship education influences the attitude and behavior of students to form intentions of self-employability. We have analyzed the literature to clearly understand the relationship between entrepreneurship education and intentionality and the underlying mechanisms through which entrepreneurship education impacts intentions to start new ventures. By utilizing the Theory of Planned Behavior (TPB) and Social Cognitive Theory (SCT), we propose that entrepreneurship education increases students’ perceived entrepreneurial self-efficacy and perceived desirability for starting new ventures. Entrepreneurial self-efficacy and desirability in turn impact and increase students’ entrepreneurial intentions for creating new ventures. Entrepreneurship Education Programs (EEPs) focusing “Education for entrepreneurship” have more influence on intentionality through self-efficacy and desirability. Comparatively, EEPs concentrating on “Education about entrepreneurship” will have less impacts on the intentionality. The study has important theoretical and practical implications for researchers, academicians, policy makers and potential entrepreneurs – the students. JEL. Code: A2, L6

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MD FADZIL, AHMAD FIRDAUSE, MOHD RAFI YAACOB, and MOHD NAZRI MUHAYIDDIN. "JUSTIFIKASI KEPADA FENOMENA KEMUNCULAN PERNIAGAAN BAHARU: TINJAUAN SOROTAN KAJIAN LEPAS TERHADAP PROCESS PEMBINAAN TEORI KEUSAHAWANAN." International Journal of Creative Future and Heritage (TENIAT) 4, no. 2 (December 31, 2016): 1–18. http://dx.doi.org/10.47252/teniat.v4i2.340.

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Kertas konseptual ini adalah berkenaan fenomena keusahawanan hasil tinjauan daripada beberapa keusahawanan merujuk kepada kemasukan baru, penciptaan perusahaan baharu, penciptaan kepada organisasi baharu, proses penciptaan sesuatu yang mempunyai nilai berbeza dan lain lain lagi. Kajian berkenaan fenomena keusahawanan adalah berlatarbelakang proses kemunculan kepada perniagaan baharu melalui kepelbagaian model yang telah diketengahkan namun masih tidak dapat menerangkan secara komprehensif mengenai kenapa dan bagaimana fenomena ini berlaku. Penciptaan perniagaan baharu adalah satu proses bermula daripada peringkat usahawan membayangkan peluang perniagaan baharu, menghalusi idea mereka, dan selepas pelaburan awal, mewajarkan perniagaan mereka kepada orang lain yang berkaitan untuk mendapatkan sokongan yang diperlukan dan legitimasi perniagaan oleh usahawan yang seterusnya mengeksplotasi sumber-sumber terhad yang tidak semestinya boleh dikawal bagi mengejar peluang tersebut. Oleh itu, penulisan ini telah mengenalpasti beberapa perspektif yang telah menyumbang kepada fenomena ini hasil tinjauan kajian lepas seperti psikologi usahawan, persekitaran, organisasi yang ditubuhkan dan proses keusahawanan. This conceptual paper presents the phenomenon of entrepreneurship based on a review of several refers to the new entry, the creation of new enterprise, the creation of the new organization, or the entrepreneurship is about emergence of new venture through the diversity of models that have been proposed but are lacking in term of comprehensive explanation regarding why and this phenomenon occurs. The creation of a new venture is as process by which entrepreneurs come to imagine the opportunity for novel venture, refine their ideas, and after initial investment, justify their ventures to the those who are related to gain much-needed support and business legitimacy. Creating a new firm is a complex process that starts with the aspirations of entrepreneurs and who then exploits the limited resources which cannot of views that have contributed to this phenomenon as the result of a review of previous studies on the aspects pf psychology of entrepreneuris, environmental, organization and entrepreneurial processes

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Donaldson, Colin, and Guillermo Mateu. "New venture creation: a systematic review of associated literature." Tec Empresarial 15, no. 1 (October 5, 2020): 56–79. http://dx.doi.org/10.18845/te.v15i1.5399.

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New venture creation is an integral facet of entrepreneurship and as consequence has been subject to increased research attention within extant literature. Although momentum has been gained in search of explicating this broad and diverse phenomenon there is still great potential to further our understanding. Progress in expanding knowledge will be most effective if we are able to constructively build upon explicitly recognised common foci that can serve as a foundation to cooperative contribution. The current article has the objective of providing an up-to-date thematic overview via systematic means of the main research interests that are being attended to within the new venture creation domain. The study is based on a comprehensive search of the SCOPUS database up until, and including, the year 2017. Thus, there is the useful and original provision of a parsimonious overview of the many heterogenous factors implicated within the process. Citation analysis is used as a framework to distinguish influential publications and their interconnections, with intellectual foundations and theoretical underpinnings driving research presented. A key implication of the work is the provision of a classification of key trending themes based on four priority constructs that can inspire new research avenues and greater collaboration in future investigative efforts.

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Zhang, Jing, Amirmahmood Amini Sedeh, and Seyed Hooman Seyed Abootorabi. "National Social Capital, Self-Efficacy and New Venture Creation." Academy of Management Proceedings 2018, no. 1 (August 2018): 15514. http://dx.doi.org/10.5465/ambpp.2018.15514abstract.

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Davidsson, Per, Jan Recker, and Frederik Von Briel. "External Enablers in New Venture Creation Processes: A Framework." Academy of Management Proceedings 2017, no. 1 (August 2017): 13126. http://dx.doi.org/10.5465/ambpp.2017.12.

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Davidsson, Per, and Jan Henrik Gruenhagen. "The New Venture Creation Process: A Review and Agenda." Academy of Management Proceedings 2020, no. 1 (August 2020): 13658. http://dx.doi.org/10.5465/ambpp.2020.13658abstract.

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