2012
DOI: 10.1007/s11187-012-9423-2
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Balanced skills among nascent entrepreneurs

Abstract: This paper examines the effects and origins of balanced skills among nascent entrepreneurs. In a first step we apply Lazear's jack-of-all-trades theory to investigate performance effects of a balanced skill set. Second, we investigate potential sources of balanced skills, thereby testing the investment hypothesis against the endowment hypothesis. Analyzing data on high-potential nascent projects, we find support for the notion that balanced skills are important for making progress in the venture creation proce… Show more

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Cited by 96 publications
(79 citation statements)
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References 78 publications
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“…Entrepreneurial experience can replace to some extent the resources provided by universities, allowing future entrepreneurs to acquire knowledge and skills in various fields [Stuetzer, Obschonka, Schmitt-Rodermund, 2013. P. 98].…”
Section: Discussionmentioning
confidence: 99%
“…Entrepreneurial experience can replace to some extent the resources provided by universities, allowing future entrepreneurs to acquire knowledge and skills in various fields [Stuetzer, Obschonka, Schmitt-Rodermund, 2013. P. 98].…”
Section: Discussionmentioning
confidence: 99%
“…Such knowledge is likely to direct individuals' attention to and interpretation of environmental stimuli, thus shaping their information environments. Furthermore, as entrepreneurs must be multi-skilled (Lazear 2004;Stuetzer et al 2013), they tend to invest in acquiring the broad knowledge base required to run a business. As such, employee or entrepreneurial experience provides researchers with specific human and social capital (Mosey and Wright 2007;Westhead et al 2009), and leads researchers to occupy broader information environments than the traditional academic one.…”
Section: << Insertmentioning
confidence: 99%
“…Following earlier research (e.g., Fritsch & Rusakova, 2010;Obschonka, Silbereisen, & Schmitt-Rodermund, 2010;2011;2012;Stuetzer, Obschonka, & Schmitt-Rodermund, in press), we computed a person's entrepreneurship-prone personality profile by calculating the match between the individual's Big Five profile and the reference profile defining the outer limits of the single Big Five traits within an entrepreneurship-prone personality structure (comparable to Cronbach and Gleser's D 2 ). Specifically, after recoding the Big Five scores from a 1 -5 scale to a 0 -4 scale, the entrepreneurial reference type was defined as the highest possible score (4) on extraversion, conscientiousness, and openness, and the lowest possible score (0) on agreeableness and neuroticism.…”
Section: Regional Data On Personalitymentioning
confidence: 99%