Entrepreneurial discovery and exploitation processes : sequence or symbiosis?
Gordon, Scott R. (2011) Entrepreneurial discovery and exploitation processes : sequence or symbiosis? In Babson College Entrepreneurial Research Conference, June 9-11 2011, Syracuse, NY. (Unpublished)
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.
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|Item Type:||Conference Paper|
|Additional Information:||Work in progress. Please do not cite without permission.|
|Keywords:||Nascent Entrepreneurship, New Venture Creation Process, Entrepreneurial Discovery and Exploitation, Sequence Analysis, Optimal Matching, Comprehensive Australian Study of Entrepreneurial Emergence (CAUSEE)|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)|
|Divisions:||Current > Research Centres > Australian Centre for Entrepreneurship|
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
|Copyright Owner:||Copyright 2011 Scott R. Gordon|
|Deposited On:||23 Jun 2011 08:42|
|Last Modified:||25 Jun 2011 19:21|
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