Action’s place in the venture creation process

Gordon, Scott R. (2012) Action’s place in the venture creation process. In Corbett, Andrew C. & Katz, Jerome A. (Eds.) Entrepreneurial Action. Emerald Group Publishing Ltd, Bingley, UK, pp. 161-205.

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This study examined the effect that venture creation action has on the outcomes of nascent entrepreneurship. A conceptual model was developed which proposes action as a fundamental mechanism in venture creation. Thus, action should rightly be considered as a means which transmits the effects of venture resource endowments on to venture creation outcomes. This conceptual model was empirically supported in a random sample of nascent ventures. Ventures with higher levels of human or social capital were found to be more active in venture creation. In turn, more active venture attempts were more likely to achieve improved venture creation outcomes. Further, human and social capital, on their own, exhibit little direct influence on the venture outcomes achieved. These findings confirm action’s central place in the venture creation process.

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ID Code: 50804
Item Type: Book Chapter
Keywords: Action, Venture Creation Process, Nascent Entrepreneurship, Human Capital, Social Capital, Mediation Model, Comprehensive Australian Study of Entrepreneurial Emergence, CAUSEE, Gestation Activities
DOI: 10.1108/S1074-7540(2012)0000014009
ISBN: 9781780529004
ISSN: 1074-7540
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
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 Emerald Group Publishing Ltd
Deposited On: 17 Jul 2012 22:48
Last Modified: 24 Jun 2016 14:46

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