Creating New Ventures: A Review and Research Agenda

Creating new ventures is one of the most central topics to entrepreneurship and is a critical step from which many theories of management, organizational behavior, and strategic management build. Therefore, this review and proposed research agenda are relevant to not only entrepreneurship scholars b...

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Published inJournal of management Vol. 47; no. 1; pp. 11 - 42
Main Authors Shepherd, Dean A., Souitaris, Vangelis, Gruber, Marc
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.01.2021
Sage Publications Ltd
Subjects
Behavior
Entrepreneurs
Entrepreneurship
Founding
Legitimacy
Organizational behavior
Social relations
Strategic management
Systematic review
Teams
Topics
Ventures
entrepreneurial cognition/psychology
entrepreneurship theory
entrepreneurial/new-venture strategy
Online AccessGet full text
ISSN0149-2063
1557-1211
1557-1211
DOI10.1177/0149206319900537

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Abstract Creating new ventures is one of the most central topics to entrepreneurship and is a critical step from which many theories of management, organizational behavior, and strategic management build. Therefore, this review and proposed research agenda are relevant to not only entrepreneurship scholars but also other management scholars who wish to challenge some of the implicit assumptions of their current streams of research and extend the boundaries of their current theories to earlier in the organization’s life. Given that the last systematic review of the topic was published 16 years ago, and that the topic has evolved rapidly over this time, an overview and research outlook are long overdue. From our review, we inductively generated 10 subtopics: (a) lead founder, (b) founding team, (c) social relationships, (d) cognitions, (e) emergent organizing, (f) new-venture strategy, (g) organizational emergence, (h) new-venture legitimacy, (i) founder exit, and (j) entrepreneurial environment. These subtopics are then organized into three major stages of the entrepreneurial process: co-creating, organizing, and performing. Together, the framework provides a cohesive story of the past and a road map for future research on creating new ventures, focusing on the links connecting these subtopics.
AbstractList Creating new ventures is one of the most central topics to entrepreneurship and is a critical step from which many theories of management, organizational behavior, and strategic management build. Therefore, this review and proposed research agenda are relevant to not only entrepreneurship scholars but also other management scholars who wish to challenge some of the implicit assumptions of their current streams of research and extend the boundaries of their current theories to earlier in the organization’s life. Given that the last systematic review of the topic was published 16 years ago, and that the topic has evolved rapidly over this time, an overview and research outlook are long overdue. From our review, we inductively generated 10 subtopics: (a) lead founder, (b) founding team, (c) social relationships, (d) cognitions, (e) emergent organizing, (f) new-venture strategy, (g) organizational emergence, (h) new-venture legitimacy, (i) founder exit, and (j) entrepreneurial environment. These subtopics are then organized into three major stages of the entrepreneurial process: co-creating, organizing, and performing. Together, the framework provides a cohesive story of the past and a road map for future research on creating new ventures, focusing on the links connecting these subtopics.
Author Shepherd, Dean A.
Souitaris, Vangelis
Gruber, Marc
Author_xml – sequence: 1
  givenname: Dean A.
  orcidid: 0000-0003-4269-1826
  surname: Shepherd
  fullname: Shepherd, Dean A.
  email: dshepherd@nd.edu
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– sequence: 2
  givenname: Vangelis
  surname: Souitaris
  fullname: Souitaris, Vangelis
  organization: City University of London and University of St. Gallen
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  givenname: Marc
  surname: Gruber
  fullname: Gruber, Marc
  organization: Ecole Polytechnique Fédérale de Lausanne
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Issue 1
Keywords entrepreneurial cognition/psychology
entrepreneurship theory
entrepreneurial/new-venture strategy
Language English
License cc-by-nc-nd
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ORCID 0000-0003-4269-1826
OpenAccessLink https://proxy.k.utb.cz/login?url=http://infoscience.epfl.ch/record/275771
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PublicationDate 2021-01-01
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  year: 2021
  text: 2021-01-01
  day: 01
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Snippet Creating new ventures is one of the most central topics to entrepreneurship and is a critical step from which many theories of management, organizational...
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SubjectTerms Behavior
Entrepreneurs
Entrepreneurship
Founding
Legitimacy
Organizational behavior
Social relations
Strategic management
Systematic review
Teams
Topics
Ventures
Title Creating New Ventures: A Review and Research Agenda
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