Summary
Summary Academic Insights New Venture Creation
- Course
- Institution
- Book
Samenvatting van Academic Insights New Venture Creation by Paul Burns
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Summary book New Venture Creation
Seller
Follow
rjhlrouschop
Content preview
NEW VENTURECREATION
Paul Burns
ACADEMIC INSIGHTS
, Chapter 1 The New Venture Creation Framework
Gazelles Young, high-growth firms, few in number but have a disproportionate
importance to national economies. Gazelles compose less than 1% of
all companies yet generate about 10% of new jobs every year in the
USA.
Entrepreneur myths
• Entrepreneurs are visionary
• Entrepreneurs have good ideas and you don’t
• Entrepreneurs are risk-takes
• Entrepreneurs have money and you don’t
• Entrepreneurs are extraordinary forecasters
• Entrepreneurs are not like the rest of us
• You don’t know how to take the plunge
Business Model Canvas
Chapter 2 What You Bring To Entrepreneurship
Cognitive development theory Shifts the emphasis from the individual towards the situations that lead
to entrepreneurial behavior. It seeks to understand how people think and
react in different situations. Chen et al. (1998) argue that it is self-
efficacy that motivates entrepreneurs and gives them the dogged
determination to persist in the face of adversity when others just give
in. Delmar (2000) outlines two other cognitive concepts. Intrinsic
motivation suggests that people who undertake tasks for their own sake
perform better than those motivated by external factors. The second
concept, intentionality, suggest that people who intend to do thing are
more likely to do them than people who do not.
National culture The most widely used dimensions of national culture are those
developed by Hofstede (1981). Hofstede established four dimensions:
• Individualism vs. collectivism – the degree to which people
prefer to act as individuals rather than groups. In these cultures
the task prevails over personal relationships and the atmosphere
is competitive.
• Power distance – degree of inequality amount people that the
community is willing to accept. Low power distance cultures
endorse egalitarianism – relations are open and informal,
information flows are functional and unrestricted and
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller rjhlrouschop. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.30. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50990 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now