Entrepreneurial learning and the role of venture capitalists

Berglund, Henrik; Hellström, Tomas; Sjölander, Sören

doi:10.1080/13691060701324445

Cited by 27 publications

(29 citation statements)

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“…These definitions are incongruent and include ‘venture learning’ (Berglund et al . ), learning that ‘informs the entrepreneur's quest for new opportunity’ (Franco and Haase , p. 634), ‘how entrepreneurs accumulate and update knowledge’ (Minniti and Bygrave , p. 8), ‘learning to work in entrepreneurial ways’ (Rae , p. 151) and ‘learning experienced by entrepreneurs during the creation and development of a small enterprise, rather than a particular style or form of learning that could be described as “entrepreneurial”’ (Cope , p. 374). The definitions reflect a wide range of focuses, such as learning by the venture team (Berglund et al .…”

Section: Literature Analysis: Themes and Trendsmentioning

confidence: 99%

“…The definitions reflect a wide range of focuses, such as learning by the venture team (Berglund et al . ), the learning processes involved in the development of a new venture (Ravasi and Turati ), learning experienced by entrepreneurs (Cope ; Cope and Watts ), what, how and why entrepreneurs learn (Parker ), recognizing and acting on opportunities (Rae ), and a process related to knowledge acquisition, assimilation and organization (Holcomb et al . ; Minniti and Bygrave ; Politis ).…”

Section: Literature Analysis: Themes and Trendsmentioning

confidence: 99%

“…; Politis ; Ravasi and Turati ), its definitions span from ‘venture learning’ (Berglund et al . , p. 178), ‘learning to recognise and act on opportunities, and interacting socially to initiate, organise and manage ventures’ (Rae , p. 324), to ‘the variety of experiential and cognitive processes used to acquire, retain and use entrepreneurial knowledge’ (Young and Sexton , p. 156). While we recognize that the diversity, individuality and inconsistency reflects individual researchers’ epistemological, ontological and methodological background, it is important to take stock of the EL literature and identify the key research gaps and challenges for future research.…”

Section: Introductionmentioning

confidence: 99%

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Entrepreneurial Learning: Past Research and Future Challenges

Wang

Chugh

2013

Int J Management Reviews

434

416

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Entrepreneurial learning (EL) has emerged as an important concept at the interface of entrepreneurship and organizational learning. Although EL research has gained momentum in the past decade, the literature is diverse, highly individualistic and fragmented, hindering the development of EL as a promising research area. In this paper, a systematic analysis of the EL literature is first conducted in order to take stock of the theoretical and empirical development and identify research themes and developmental patterns of EL research. Second, three pairs of key learning types that deserve more attention in future research are discussed, namely individual and collective learning, exploratory and exploitative learning, and intuitive and sensing learning. These learning types correspond to three key challenges that are derived from the EL research gaps identified in the systematic literature analysis, and provide fruitful avenues for future research. Third, by exploring the three pairs of learning types, further insights are drawn from entrepreneurship and organizational learning to help to advance EL research, and also feed back to the entrepreneurship literature by discussing how these learning types can help to understand the challenges at the centre of debate in the entrepreneurship literature.

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Section: Literature Analysis: Themes and Trendsmentioning

confidence: 99%

Section: Literature Analysis: Themes and Trendsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Entrepreneurial Learning: Past Research and Future Challenges

Wang

Chugh

2013

Int J Management Reviews

434

416

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“…It also involves transforming experience and knowledge into functional learning outcomes (Harrison and Leitch, 2005). Despite entrepreneurial learning is credited for all its potential and values (Rae, 2004;Berglund, Hellström, and Sjölander, 2007), the mutual understanding on its construct and definition are missing. As a result entrepreneurial learning process remains ambiguous since it effect the context in which learning occurs and includes the content of what is learned as well as the processes through which learning takes place (Moustaghfir and Sirca, 2010;Hynes and Dodd, 2014).…”

Section: Introductionmentioning

confidence: 96%

Entrepreneurship Traits and Social Learning Process: An Overview and Research Agenda

Royo

Sarip

Shaari

2015

Procedia - Social and Behavioral Sciences

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This paper aims to focus on three main strands of research relating to entrepreneurship in Malaysia: the personality traits of entrepreneur in automotive service industry (ASI); social learning process among ASI entrepreneur; and impact of the Big Five personality traits namely Extraversion, Emotional Stability, Agreeableness, Conscientiousness, and Openness to Experience upon entrepreneurship. It aims to suggest a tentative research agenda and offer directions for further research. Systematic and critical literature review approach are employed to research on entrepreneurship and ASI development in Malaysia. The paper proposes a conceptual framework that integrates the Big Five Personality model and the Entrepreneurial Learning Model.

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“…It also explores the relationship from the perspective of entrepreneurs in terms of support offered and demands made by the venture capital investor. It has been suggested in the venture capital literature that this area of research could benefit significantly from a greater variety of methodologies, for example the use of case studies (Harrison and Mason, 1999;Berglund et al, 2007). Case studies can provide a rich context which enables us to consider a wide number of issues and the manner in which they may be related, and while they have limitations they can in some circumstances lead to the generation of new theoretical perspectives (Yin, 2009).…”

Section: Introductionmentioning

confidence: 99%

The post‐investment relationship between a venture capitalist and its investee companies

Leece

Berry²,

Miao³

et al. 2012

International Journal of Entrepreneurial Behavior &Amp; Research

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2014),"Why do venture capitalists use such high discount rates?", The Journal of Risk Finance, Vol. 15 Iss 1 pp. 94-98 http://dx.Access to this document was granted through an Emerald subscription provided by emerald-srm:203785 [] For AuthorsIf you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. AbstractPurpose -The purpose of this paper is to identify the key characteristics of the post-investment relationship between the venture capital firm and its investee companies. Design/methodology/approach -The research is a case study of a major UK venture capital firm using qualitative research to determine the key characteristics of the post-investment relationship. The study is based on interviews with parties on both sides of the relationship. Findings -While the results reflect the findings of the entrepreneurship and venture capital literature they also point to the importance of network growth and development for organizational learning in the venture capital industry, professionalization of investee firms and as a context in which the selection of the entrepreneur and the post investment relationship are set.Research limitations/implications -The research has the limitation of most case studies that the results cannot readily be generalized, in this case to the wider population of venture capital firms. Confidentiality issues also limited the extent to which a longitudinal study could be conducted. Practical implications -A better understanding of the post-investment relationship can inform entrepreneurs in their pitch for funds and in their anticipation of the post investment relationship. This understanding can also assist venture capital firms in the management of this relationship. Originality/value -The case study uses data from rare access to a venture capital firm. It also differs by interviewing both parties to the post-investment relationship, that is venture capitalist and investee firm.

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Entrepreneurial learning and the role of venture capitalists

Cited by 27 publications

References 44 publications

Entrepreneurial Learning: Past Research and Future Challenges

Entrepreneurial Learning: Past Research and Future Challenges

Entrepreneurship Traits and Social Learning Process: An Overview and Research Agenda

The post‐investment relationship between a venture capitalist and its investee companies

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