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|Title:||Entrepreneurial discovery and exploitation processes : sequence or symbiosis?|
|Citation:||Frontiers of Entrepreneurship Research, 2011 / vol.31, iss.9, pp.4-1|
|Conference Name:||Babson College Entrepreneurship Research Conference (BCERC) (08 Jun 2011 - 11 Jun 2011 : Syracuse, NY)|
|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:||Nascent Entrepreneurship; New Venture Creation Process; Entrepreneurial Discovery and Exploitation; Sequence Analysis; Optimal Matching; Comprehensive Australian Study of Entrepreneurial Emergence (CAUSEE)|
|Rights:||Copyright status unknown|
|Appears in Collections:||Entrepreneurship, Commercialisation, and Innovation Centre publications|
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