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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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    Abstract

    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.

    Impact and interest:

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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: 18 Jul 2012 08:48
    Last Modified: 27 Nov 2012 11:42

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