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Entrepreneurial miasma: Organizational miasma as a theoretical lens for increasing the odds of venture survival after the founder exits

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  • Hoffman, James J.
  • Driver, Michaela

Abstract

The present study offers new insights on ventures undergoing founder exit. Specifically, it explores miasma as one potentially negative outcome. Miasma, a concept adapted from the organizational literature, refers to a state of contagion or pollution that affects all members of an organization causing potentially irreparable damage. This study develops a model of miasma in venture contexts when founders exit, a term we refer to as entrepreneurial miasma. This model includes the antecedents, moderating and mediating variables and outcomes of miasma. The purpose of this model is to develop insights into how miasma may be prevented and how ventures may work through it once it has occurred. Specifically, the study offers guidance for new management leading ventures on how to best understand, reestablish and build relationships with employees who are struggling with the exit of the founder to protect employee productivity and firm performance. The study also contributes to the organizational miasma literature by strengthening and clarifying the construct and its implications in both organizational and venture contexts.

Suggested Citation

  • Hoffman, James J. & Driver, Michaela, 2022. "Entrepreneurial miasma: Organizational miasma as a theoretical lens for increasing the odds of venture survival after the founder exits," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    • Handle: RePEc:eee:jobuve:v:18:y:2022:i:c:s2352673422000439
    DOI: 10.1016/j.jbvi.2022.e00345
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    1. Krukowski, Kipp A. & Flink, Nicole A. & Edwards, Bryan D., 2023. "Why are you selling your business? Understanding signaling effects of seller rationale at time of entrepreneurial exit," Journal of Business Venturing Insights, Elsevier, vol. 20(C).

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