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The underlying rationale for planning: do nascent and young firms do what they say they do?

Garonne, Christophe & Steffens, Paul R. (2012) The underlying rationale for planning: do nascent and young firms do what they say they do? 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, p. 432.

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      Abstract

      Previous studies investigating the relationships between business planning and performance have led to inconclusive results (Brinckmann et al., 2010; Delmar & Shane, 2003; Frese, 2009; Gruber, 2007; Honig & Karlsson, 2004). Institutional theory argues that firms develop business plans as an answer to external and internal pressures to gain legitimization (Delmar & Shane, 2004) and funding from different stakeholders (Karlsson & Honig, 2009). Action theory suggests that planning will pave the new venture creation journey by providing milestones and a program to implement (Frese, 2009). However, studies with an institutional perspective imply that nascent firms are either conforming to or looking for the benefits of these external or internal pressures (Karlsson & Honig, 2009) while action theory assumes that the plans will be implemented (Frese, 2009).

      This paper attempts to (i) investigate if the intended uses of the business plans provided by nascent and young firms match their actual uses during their venture creation process and (ii) to examine how the types of uses of business plans impact the firms’ outcomes over three years.

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      ID Code: 53868
      Item Type: Conference Paper
      Keywords: Planning, Nascent , Young Firms , Entrepreneurship
      ISBN: 0-910897-34-4
      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 14:46
      Last Modified: 04 Oct 2012 14:24

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