Entrepreneurship

Decision Weaving: Forming Novel, Complex Strategy in Entrepreneurial Settings

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…

Collaboration and informal hierarchy in innovation teams

Designing 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,…

Funding Ventures Similar: How Status Dynamics Within Heterogeneous Groups Affect Venture Evaluation

We 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…

A fresh look at patterns and assumptions in the field of entrepreneurship

Has 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…

Venture capital exit pressure and venture exit: A board perspective

Venture 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…

Simultaneous Experimentation as a Learning Strategy

Ventures 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…

Laurina Zhang: Who does (not) benefit from entrepreneurship programs?

Given 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…

Entrepreneurial Learning and Strategic Foresight

We 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…

Navigating the emerging market context

Entrepreneurial 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…

From Farms to Fuel Tanks – Who defines the market and why it matters.

Entrepreneurs 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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