How do entrepreneurs know what to do? learning and organizing in new ventures

Aldrich, Howard E.; Yang, Tiantian

doi:10.1007/s00191-013-0320-x

Cited by 128 publications

(88 citation statements)

References 72 publications

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“…One area where the KIE 2 Our purpose with the model is to provide only a first initial representation and illustration of the interactions: it is unfortunately beyond the scope here to discuss each dimension and the dynamic links in depth. Excellent discussions on specific topics can be found: in Aldrich and Yang (2014) on the role of habits heuristics and routines and of learning by nascent entrepreneurs; Bryant (2014) on the role of legacy of imprinted characteristics of the founding team; Klepper (2009) on the role of industry experience held by the entrepreneur; Winter (2013) on the dynamics of routines; Nelson (2016) on the role of human behavior and cognition in innovation and industrial dynamics; and Winter (2016) and Salter and McKelvey (2016) on cumulative causation underlying entrepreneurial action. Moreover, we acknowledge previous work on KIE entrepreneurs (McKelvey and Lassen 2013a; McKelvey and Lassen 2013b) and on academic entrepreneurship (Delmar and Wennberg 2010) and on low tech (Hirsch-Kreinsen and Schwinge 2014).…”

Section: Our Theoretical Definition Of Kie Ismentioning

confidence: 99%

“…These debates include whether opportunities are created or discovered (Alvarez et al 2013;Ardichvili et al 2003), whether entrepreneurs grasp existing opportunities or create new ones (Shane 2000;Buenstorf 2007), the extent to which new firms can challenge incumbents and transform the economic system by creating an entrepreneurial regime (Winter 1984(Winter , 2016, and the conditions stimulating entrepreneurial innovation (Acs et al 2014;Autio et al 2014;Acs and Audretsch 2003) and innovative entrepreneurship (Shane 2009). Moreover, parts of the modern entrepreneurship literature recognizes that knowledge-as gained through education, experience and so forth-affects how individual entrepreneurs are able to identify and react to opportunities (Shane 2003;Alvarez and Barney 2007b;Aldrich and Yang 2014). Therefore, the knowledge accumulated by the founders and teams within and across industries, as well as in scientific and research organizations, and in upstream or downstream activities, are vital for entrepreneurship survival and performance (Klepper 2015;Agarwal and Shah 2014;Adams et al 2016).…”

Section: Introductionmentioning

confidence: 99%

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Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems

2018

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This article proposes a novel conceptualization of knowledge-intensive innovative entrepreneurship, which can capture the main characteristics of a vital phenomenon in the modern economy. Our conceptualization is based upon the integration of Schumpeterian entrepreneurship, evolutionary economics, and innovation systems approach. It consists of a theoretical definition and a stylized process model. According to this view, knowledgeintensive innovative entrepreneurs are involved in the creation, diffusion, and use of knowledge; introduce new products and technologies; draw resources and ideas from their innovation system; and introduce change and dynamism into the economy. In the article, we also offer an empirical definition of knowledge-intensive innovative entrepreneurship, which we then use to identify its key characteristics and relevance. We conclude with recommendations for a future research agenda.

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Section: Our Theoretical Definition Of Kie Ismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems

2018

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“…First, the paper extends our knowledge on the complex process of EL by conceptualizing and testing its antecedents and moderators in an educational context. Previous studies have highlighted that individuals develop the broad set of values, motivations and competencies to act entrepreneurially in the course of their entire life (Aldrich and Yang 2014;Harvey and Evans 1995) and that education can play an important role in such process (Unger et al 2011). Building on this literature, our study focuses on students' educational experiences at university and explores more in depth the mechanisms and conditions under which students can actually engage in the EL process.…”

Section: Theoretical Contributionsmentioning

confidence: 99%

Entrepreneurial education and learning at universities: exploring multilevel contingencies

Hahn

Minola

Gils

et al. 2017

Entrepreneurship & Regional Development

126

106

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Despite the worldwide increase in entrepreneurship education offered at universities, there is an ongoing debate whether and under which conditions this type of education contributes to students' entrepreneurial learning. Building on human capital theory, we hypothesize that the exposure to various entrepreneurship education initiatives has an inverted U-shaped relationship with entrepreneurial learning outcomes. We also argue that this relationship is moderated by the entrepreneurial experience of the students, the teaching pedagogy applied in entrepreneurial initiatives offered at the university and the prevalence of opportunity-driven entrepreneurship in the country. A multi-level analysis on a cross-country sample of 87,918 students resulting from GUESSS ('Global University Entrepreneurial Spirit Students' Survey') strongly confirms our hypotheses, and allows us to discuss implications for researchers, educators and policy makers with respect to the nature of entrepreneurial learning, the design of entrepreneurial education programs, as well as the contextual conditions that impact entrepreneurial learning outcomes.

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“…Work on entrepreneurial ecosystems has not taken up this argument, focusing more on the circulation of entrepreneurial know-how rather than specific sectorial knowledge (Aldrich and Yang, 2014). As with Neo-Marshallian clusters, entrepreneurial ecosystems are marked by a type of relational organisation and governance that lack a clear power hierarchy or formalised enforcement methods (Bell et al, 2009).…”

Section: Entrepreneurial Ecosystems Closely Resemble Whatmentioning

confidence: 99%

Developing and governing entrepreneurial ecosystems: the structure of entrepreneurial support programs in Edinburgh, Scotland

Spigel

2016

IJIRD

112

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Researchers and policymakers are increasingly employing the concept of entrepreneurial ecosystems to understand the concentration of high growth ventures in certain regions. Ecosystems represent the economic, social, and policy environment surrounding the entrepreneurship process. Public and privately run entrepreneurship support organisations (ESOs) form a critical part of entrepreneurial ecosystems by providing training and resources to entrepreneurs and new ventures. However, the role of ESOs within ecosystems is poorly understood with little conceptual or empirical discussions about how they contribute to the development of successful entrepreneurial ecosystems. To address this gap this paper employs the concept of institutional thickness to identify the optimum structure of support programs within a region. The role of institutional thickness is explored through an investigation of entrepreneurship support programs aimed at technology entrepreneurs in Edinburgh, UK. 43 ESOs are identified and their actives and types of support they provide analysed. The paper argues that there is the need for a new approach to the role of ESOs within ecosystems that looks beyond a single program but instead embraces a more holistic perspective that sees how they work in conjunction to provide support for firms throughout the venture creation and growth process.

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How do entrepreneurs know what to do? learning and organizing in new ventures

Cited by 128 publications

References 72 publications

Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems

Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems

Entrepreneurial education and learning at universities: exploring multilevel contingencies

Developing and governing entrepreneurial ecosystems: the structure of entrepreneurial support programs in Edinburgh, Scotland

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