Experience and New Venture Performance: An Exploration of Founder Perceptions
Is an entrepreneur'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 founder'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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INDIVIDUAL CASE ANALYSIS
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abilities acquired pre-start-up affecting new venture affecting the performance application of skills Application of Skills/Abilities Chandler chapter cited conceptual framework context current venture decision quality Delmar and Shane Descriptive Framework determining the performance develop direct start-up experience driver of performance Dyke educational experience elements of founder empirical results suggest entrepreneurs involved entrepreneurship extant literature firm performance flexibility Forbes founder experience increased decision speed increased experience influencing new venture key driver Literature Review Lumpkin and Marvel management team moderately significant positive moderating factor negative factor affecting negative impact performance has moderate performance has strong performance has weak positive factor affecting positive factor influencing positive relationship previous experience previous roles prior to starting recognised relationship between founder relevant industry experience Research Objective Shannon Development Significance of experience significant positive factor skills and abilities Strong Moderate Moderate strong significance summation task environment technical industry experience venture performance weak significance