Beyond traditional developmental models: A fresh perspective on entrepreneurial new venture creation

Alexander Becker, Dodo zu Knyphausen-Aufseß, Alexander Brem

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Opportunity discovery and creation are key areas of research in
entrepreneurship literature. Based on the ongoing discussion, this paper
proposes an integrative view of a dynamic multi-stage new venture emergence.
In particular, the findings of our research show how to match these approaches
with the life cycle stages of an emerging venture. This paper contributes to
existing entrepreneurship research by acknowledging the value of parallel
sequential process combinations, by including customer demand as part of a
market participant’s selection criteria, and by recognising failure as valuable
outcome. The implication for entrepreneurs is that, beyond discovering a
potential venture idea, substantial development efforts are required to form a
sustainable business model. For entrepreneurship research, our model is a first
step towards an integrative discussion of new venture emergence aimed at
fostering further research and the advancement of new theoretical insights.
Original languageEnglish
JournalInternational Journal of Entrepreneurial Venturing
Volume7
Issue number2
Pages (from-to)152–172
ISSN1742-5360
DOIs
Publication statusPublished - 2015

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Life cycle
New venture creation
Entrepreneurship research
New ventures
Venture
Industry
Entrepreneurs
Business model
Selection criteria

Cite this

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title = "Beyond traditional developmental models: A fresh perspective on entrepreneurial new venture creation",
abstract = "Opportunity discovery and creation are key areas of research inentrepreneurship literature. Based on the ongoing discussion, this paperproposes an integrative view of a dynamic multi-stage new venture emergence.In particular, the findings of our research show how to match these approacheswith the life cycle stages of an emerging venture. This paper contributes toexisting entrepreneurship research by acknowledging the value of parallelsequential process combinations, by including customer demand as part of amarket participant’s selection criteria, and by recognising failure as valuableoutcome. The implication for entrepreneurs is that, beyond discovering apotential venture idea, substantial development efforts are required to form asustainable business model. For entrepreneurship research, our model is a firststep towards an integrative discussion of new venture emergence aimed atfostering further research and the advancement of new theoretical insights.",
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}

Beyond traditional developmental models : A fresh perspective on entrepreneurial new venture creation. / Becker, Alexander; zu Knyphausen-Aufseß, Dodo; Brem, Alexander.

In: International Journal of Entrepreneurial Venturing, Vol. 7, No. 2, 2015, p. 152–172.

Research output: Contribution to journalJournal articleResearchpeer-review

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