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 (Unpublished)

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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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ID Code: 42067
Item Type: Conference Paper
Refereed: Yes
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 Please do not cite without permission.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: 22 Jun 2011 22:42
Last Modified: 25 Jun 2011 09:21

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