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- Title
DISENTANGLING THE ORIGINS OF NEW VENTURE PERFORMANCE: BUSINESS MODELS, INDIVIDUAL FACTORS, AND HEREDITY.
- Authors
Hunt, Richard A.; Lerner, Daniel A.
- Abstract
The entry and survival strategies of new ventures is central to the study of entrepreneurship. Often, the fate of young and small firms is largely sealed by decisions made and actions taken in the most embryonic stages of establishing a presence in the marketplace. While scholars have assessed this dynamic using macro-level, sociology-influenced insights and micro-foundational, socio-cognitiveinfluenced perspectives, meso-level, bridging frameworks have been in short supply - particularly regarding the development and implementation of varied business models (BM) by new firms. BMs are of considerable interest, evidenced by an expanding body of research; however, relatively little is known about where BMs come from and how they influence firm-level outcomes. By bridging heredityfocused knowledge spillover theory and actor-focused upper echelons theory we develop a meso-level bridge to illuminate decision-making and outcomes related to BM selection by early-stage firms.
- Subjects
BUSINESS models; ENTREPRENEURSHIP education; EXTERNALITIES
- Publication
Frontiers of Entrepreneurship Research, 2018, p196
- ISSN
0740-7416
- Publication type
Article