Experience and New Venture Performance: An Exploration of Founder PerceptionsIs an entrepreneurâ (TM)s previous experience relevant in predicting the success or otherwise of a new business venture? Common sense would suggest that this undoubtedly be the case. Current research suggests otherwise, however. As elucidated in this volume, a business founderâ (TM)s prior experience can have either a positive or a negative impact on the performance of any given start-up venture. This book aims to explore these inconsistencies through in-depth case studies of six diverse entrepreneurs. The research conclusions drawn during the course of this book differ significantly from much contemporary theory in the subject area that is entrepreneurial research. This book serves to shed new light on the importance of previous business-founder experience while also underlining the importance of context in the application of same within new business ventures. |
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abilities acquired pre-start-up affecting new venture application of skills Application of Skills/Abilities background Chandler chapter conceptual framework context current venture Delmar and Shane determining the performance develop driver of performance Dyke educational experience entrepreneur entrepreneurship experience was found extant literature familiarity firm performance Forbes founder experience impact of founder increased decision speed increased experience influencing new venture information asymmetry interview key driver Lumpkin and Marvel management experience management team Moderate Moderate negative factor affecting negative factor influencing negative impact negative moderating factor negative relationship performance has moderate performance has strong positive effect positive factor affecting positive factor influencing Positive Moderating Factor positive relationship previous experience previous literature prior to starting quantitative research recognised relationship between founder research methodology Research Objective Saunders significance of experience skills acquired pre-start-up skills and abilities strong significance summation task environment technical industry experience venture performance weak significance