scholarly journals A Lean Framework for Starting a New Venture

2021 ◽  
pp. 51-71
Author(s):  
Dean A. Shepherd ◽  
Holger Patzelt

AbstractThe lean startup framework is one of the most popular contributions in the practitioner-oriented entrepreneurship literature. This chapter builds on a recent paper (Shepherd & Gruber in Entrepreneurship Theory and Practice. 10.1177/1042258719899415, 2020) to highlight new insights into how new ventures are started based on the lean startup framework. Specifically, we describe the origin of the lean startup framework and its five main building blocks—(1) identifying and evaluating market opportunities in startups, (2) designing business models, (3) engaging in validated learning (including customer development), (4) building minimum viable products, and (5) learning whether to persevere with or pivot from the current course of action. We organize these building blocks into a framework suggesting how considering the contextual characteristics of and the interdependencies between the building blocks can enrich our understanding of using the lean startup framework to start a new venture.

2021 ◽  
pp. 101-117
Author(s):  
Dean A. Shepherd ◽  
Holger Patzelt

AbstractAlthough scaling is a “hot topic” in the practitioner literature, it has mostly been ignored (at least explicitly) in the academic literature. Building on a recent editorial, this chapter highlights the importance of scaling for new venture growth. Scaling refers to spreading excellence within a venture as it grows (organically or through acquisition) from a new (and often small) organization to an established, large organization (Shepherd & Patzelt in Entrepreneurship Theory and Practice, 10.1177/1042258720950599, 2020). In this chapter, we explore the drivers and consequences of scaling and explain how knowledge management facilitates scaling, how founder replacement impacts scaling, and how current scaling influences subsequent scaling.


2012 ◽  
Vol 17 (02) ◽  
pp. 1250009 ◽  
Author(s):  
MARK T. SCHENKEL ◽  
RODNEY R. D'SOUZA ◽  
CHARLES H. MATTHEWS

Despite advancing extant theory, studies have tended to oversimplify the roles of human and social capital influences on nascent activity by underemphasizing the importance of motivational factors, construct dimensionality and context. This study seeks to extend previous efforts by investigating the relationship between various forms of human and social capital in the new venture creation process, both generally and across high and low technological contexts. Findings show that certain aspects of human capital are systematically related to certain aspects of social capital regardless of technological context, suggesting that nascent entrepreneurs may benefit more broadly from engaging in systematic efforts to construct certain types of social capital in support of venturing activities. Equally important, these findings support the central proposition that entrepreneurship theory and practice will benefit from more focused research efforts to generate insights into the dynamic relationships between individuals, their social worlds and entrepreneurial outcomes.


2021 ◽  
Vol 46 (3) ◽  
pp. 185-196
Author(s):  
Jintong Tang ◽  
Zhi Tang

This research extends bribery research toward entrepreneurial theory and practice by examining how bribery impacts new venture disbanding in China. Existing research suggests that bribery may enhance firms’ competitive advantage; however, building off of resource-based view and taking into consideration the institutional context in China, the current study proposes that firm bribery activity hurts new ventures by increasing the hazard of venture disbanding. Further, guided by resource dependence theory, this study examines how local economic development and organizing activity moderate the relation between bribery and disbanding. In particular, it is proposed that when local economic development is suffering, or when firms are not engaging in appropriate organizing activities, bribery will lead to higher chance of new venture disbanding. Data from Chinese entrepreneurs support these hypotheses.


2020 ◽  
pp. 104225871989941 ◽  
Author(s):  
Dean A. Shepherd ◽  
Marc Gruber

The lean startup framework is one of the most popular contributions in the practitioner-oriented entrepreneurship literature. This study seeks to generate new insights into how new ventures are started by describing the five main building blocks of the lean startup framework (business model, validated learning/customer development, minimum viable product, perseverance vs. pivoting, market-opportunity navigation), enriching the framework with existing research findings, and proposing promising research opportunities in a way that reduces the academic−practitioner divide. In so doing, we hope to enhance researchers’ understanding of the startup process; provide knowledge for educators; and, ultimately, improve the startup process for practitioners.


2018 ◽  
pp. etap.12279 ◽  
Author(s):  
Han Jiang ◽  
Albert A. Cannella ◽  
Jie Jiao

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice. Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice. Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice. Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice. Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice. Articles Withdrawn by Publisher SAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344


2018 ◽  
pp. etap.12277 ◽  
Author(s):  
Chengguang Li ◽  
Rodrigo Isidor ◽  
Luis Alfonso Dau ◽  
Rudy Kabst

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice. Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice. Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice. Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice. Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice. Articles Withdrawn by Publisher SAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344


2002 ◽  
Vol 10 (04) ◽  
pp. 313-347 ◽  
Author(s):  
NAOMI T. SAKS ◽  
CONNIE MARIE GAGLIO

The perception of market opportunities is acknowledged as a major act in the entrepreneurial process that spurs economic progress and development. This distinctive behavior is also emerging as a central theoretical concern for the discipline. Given the acknowledged importance of opportunity identification, it follows that it should be a central topic in programs that aim to train future entrepreneurs. However, little is known about whether and how this issue is addressed in education. This study examines how entrepreneurship educator-practitioners from fourteen top masters-level entrepreneurship programs in the US conceptualize and teach the opportunity identification process. The results indicate remarkable consistency across programs regarding pedagogical content and approaches. The implications of such consistency for the future of entrepreneurship theory and practice are discussed.


2021 ◽  
Vol 17 (1) ◽  
pp. 57-95
Author(s):  
Ximena Alejandra Flechas Chaparro ◽  
◽  
Ricardo Kozesinski ◽  
Alceu Salles Camargo Júnior ◽  
◽  
...  

Purpose: Several scholars have pointed out that absorptive capacity (AC) is critical for the innovation process in large firms. However, many other authors consider startups as key drivers for innovation in the current global economy. Therefore, this article aims to identify how the concept of AC has been addressed in the new venture context. Methodology: A systematic literature review analyzing 220 papers published between 2001 and 2018. Findings: The systematic literature review identifies three clusters of research addressing AC in startups: Knowledge, Innovation, and Performance, along with the central authors of the discussion, the main contributions, theoretical references, and their future research agenda guidelines. Implications for theory and practice: This study contributes to the innovation and entrepreneurship literature by connecting the importance of AC and new venture creation, and providing a better understanding of how entrepreneurs could enhance their innovative processes. Originality and value: Based on the analysis of the literature review, a framework that differentiates knowledge acquisition strategies for new ventures was created. The framework categorizes the strategies according to the knowledge source (i.e., internal or external) and the degree of intentionality (i.e., formal or informal).


2020 ◽  
Vol 13 (4) ◽  
pp. 81 ◽  
Author(s):  
Susana Bernardino ◽  
J. Freitas Santos

Crowdfunding (CF) has experienced impressive growth in recent years with the development of internet and information technologies that increased the participation of the “crowd” to fund entrepreneurial projects. Young entrepreneurs, especially well-qualified students, have recently begun to play a new role in the economy by launching new ventures in niche markets. The aim of the present paper is to provide a deeper understanding of CF among Portuguese young potential entrepreneurs as an alternative funding mechanism, by discussing its main characteristics and the perceived benefits and barriers that might drive young entrepreneurs to post a project on a CF platform or discourage its use. Through an online survey, we query well-qualified students about the knowledge they have about crowdfunding and benefits and barriers that can increase or reduce the possibility of funding to launch a new venture. The results show that potential young entrepreneurs have moderate knowledge about CF. Consequently, they are not able to explore all the business models available, specifically the models related to investment (lending and equity). The respondents perceive several benefits of the use of CF that go beyond the financial advantages, such as the communication of the project to a wider audience and the additional feedback from potential customers. The perceived barriers that could deter the use of CF are related to the implementation of the CF campaign, although contextual constraints have been mentioned.


2018 ◽  
pp. etap.12274
Author(s):  
Michiel Verver ◽  
Juliette Koning

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice.Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice.Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice.Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice.Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice.Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice.Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice.Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice.Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice.Articles Withdrawn by PublisherSAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344


Sign in / Sign up

Export Citation Format

Share Document