Engagement, persistence, progress and success as theoretically distinct aspects of business creation processes

Davidsson, Per (2012) Engagement, persistence, progress and success as theoretically distinct aspects of business creation processes. In Zacharakis, A, Carter , S, Gruber , M, leleux , B, Corbett , A, Honig, B., et al. (Eds.) Frontiers of Entrepreneurship Research, Volume 31 - 2011: Proceedings of the 31st Annual Entrepreneurship Research Conference, Babson College, Arthur M. Blank Center for Entrepreneurship, Syracuse, New York, pp. 307-321.

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Starting from the vantage point that explaining success at creating a venture should be the unique contribution—or at least one unique contribution—of entrepreneurship research, we argue that this success construct has not yet been adequately defined an operationalized. We thus offer suggestions for more precise conceptualization and measurement of this central construct. Rather than regarding various success proxies used in prior research as poor operationalizations of success we argue that they represent other important aspects of the venture creation process: engagement, persistence and progress. We hold that in order to attain a better understanding of venture creation these constructs also need to be theoretically defined. Further, their respective drivers need to be theorized and tested separately. We suggest theoretical definitions of each. We then develop and test hypotheses concerning how human capital, venture idea novelty and business planning has different impact on the different assessments of the process represented by engagement, persistence, progress and success. The results largely confirm the stated hypotheses, suggesting that the conceptual and empirical approach we are suggesting is a path towards improved understanding of the central entrepreneurship phenomenon of new venture creation.

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ID Code: 53857
Item Type: Conference Paper
Refereed: Yes
Keywords: Engagement, , Business Creation Processes, Entrepreneurship
ISBN: 0910897344
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 Business Research
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2012
Deposited On: 28 Sep 2012 04:42
Last Modified: 28 Sep 2012 05:06

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