A sequence analytic model of entrepreneurial discovery and exploitation process

Gordon, Scott R. (2012) A sequence analytic model of entrepreneurial discovery and exploitation process. In The Joint ACERE-DIANA International Entrepreneurship Conference, 31 January – 3 February 2012, University of Notre Dame, Fremantle, WA.

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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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103 since deposited on 16 Feb 2012
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ID Code: 48718
Item Type: Conference Paper
Refereed: Yes
Keywords: Analytic Model, Entrepreneurial Discovery , Exploitation Process
ISBN: 9780646572673
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 2012 [please consult the authors]
Deposited On: 16 Feb 2012 23:27
Last Modified: 11 Oct 2012 06:01

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