Improving new venture performance: some guidelines for success

Article Abstract:

Increasingly academics, practitioners, and government officials are becoming aware of the significant impact that successful new ventures have on the basic economic health and fabric of our 'post-industrial' society. In fact, substantial evidence now suggests that well over 60% of all the new jobs created in the United States over the past quarter century were created by new ventures. Unfortunately, it is also clear that the failure rates of new ventures are exceedingly high. In this column, Bill Sandberg and I review the research that has been done on the 'determinants of new venture performance' and abstract from it a series of twenty guidelines for improved new venture success that cover the types of industries to enter, the types of venture strategies to follow, and the most appropriate behavorial patterns for prospective entrepreneurs. (Reprinted by permission of the publisher.)

New business enterprises, Startups

---

"Who is an entrepreneur?" is the wrong question

Article Abstract:

Entrepreneurship is the creation of organizations. What differentiates entrepreneurs from non-entrepreneurs is that entrepreneurs create organizations, while non-entrepreneurs do not. In behavioral approaches to the study of entrepreneurship an entrepreneur is seen as a set of activities involved in organization creation, while in trait approaches an entrepreneur is a set of personality traits and characteristics. This paper argues that trait approaches have been unfruitful and that behavioral approaches will be a more productive perspective for future research in entrepreneurship. (Reprinted by permission of the publisher.)

---

The transition to professional management: mission impossible

Article Abstract:

A conceptual model is given for the change to functional management from entrepreneurial management. The model is a technique for forecasting the failure or the success from such a change. In all, the initial study indicates that the conceptual model of transition progress will involve the moving from a one person, entrepreneurial management style to that for a functionally organized group of experts and that it is a top method for forecasting if such transitions will be recommended.

Methods, Management

Similar abstracts:

• Abstracts: Improving industry's image. Governance and performance: goodwill hunting. Strategy: portfolio analysis
• Abstracts: Connecting diversification to performance: a sociocognitive approach. The systems paradigm in organization theory: correcting the record and suggesting the future
• Abstracts: Is your inventory really all there? The AICPA's first century: highlights from 100 years of progress. A new method of inventory accounting

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.