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|Title:||A sequence analytic model of entrepreneurial discovery and exploitation process|
|Citation:||The Joint ACERE-DIANA International Entrepreneurship Conference, 2012 / pp.1-15|
|Conference Name:||Joint ACERE-DIANA International Entrepreneurship Conference (03 Feb 2012 - 05 Feb 2012 : Freemantle, Western Australia)|
|Scott R. Gordon|
|Abstract:||This study examined the effect that temporal order within the entrepreneurial discovery exploitation process has on the outcomes of venture creation. Consistent with sequential theories of discovery-exploitation, the general flow of venture creation was found to be directed from discovery toward exploitation in a random sample of nascent ventures. However, venture creation attempts which specifically follow this sequence derive poor outcomes. Moreover, simultaneous discovery-exploitation was the most prevalent temporal order observed, and venture attempts that proceed in this manner more likely become operational. These findings suggest that venture creation is a multi-scale phenomenon that is at once directional in time, and simultaneously driven by symbiotically coupled discovery and exploitation.|
|Keywords:||Analytic model; Entrepreneurial discovery; Exploitation process|
|Rights:||© Copyright 2012|
|Appears in Collections:||Entrepreneurship, Commercialisation, and Innovation Centre publications|
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