Entrepreneurship & Strategy IG
Strategy formation is central to why firms seize novel opportunities while others fail. By comparing three venture-pairs, we develop a fresh framework for strategy formation in nascent markets where strategy…
Read MoreDesigning an innovation team can be challenging for new ventures. While the presence of a technologically proficient founder or highly accomplished inventor can significantly bolster a new venture’s innovation efforts,…
Read MoreWe examine how status dynam-ics in heterogeneous evaluator groups affect the evalua-tion of a target venture where some evaluatorsresemble the venture team while some do not. Usingdata from a funding…
Read MoreHas the entrepreneurial journey remained unchanged over the past decades? And if there have been substantive changes, what are they? And what are their implications? These are critical questions that…
Read MoreVenture capital funds have alimited lifecycle. As the fund ages, venture capitalists(VCs) are motivated to promote venture exit discus-sions with the venture board. We investigate the impactof VCs’ exit pressure…
Read MoreVentures operating under uncertainty face challenges defining a sustainable value proposition. Six longitudinal case studies reveal two approaches to business model development: focused commitment and simultaneous experimentation. While focused commitment…
Read MoreGiven the increasingly competitive landscape for entrepreneurship education programs, it is important to understand when and for whom they have the greatest impact. Using 5 years of data from a technology…
Read MoreWe study how learning by expe-rience across projects affects an entrepreneur’s strategicforesight. In a quantitative study of 314 entrepreneursacross 722 crowdfunded projects supplemented with aprogram of qualitative interviews, we counterintuitivelyfind…
Read MoreEntrepreneurial actions can be based on one of two behavioral logics: causation (rigorous forward-looking analysis, relying on well-prepared plans, pre-defined goals, and required resources) or effectuation (leveraging the existing resources…
Read MoreEntrepreneurs entering new markets must consider how their products or services create value for customers. What customers value, however, is often shaped by competition between different stakeholders who seek to…
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