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Beyond traditional developmental models: a fresh perspective on entrepreneurial new venture creation

Author

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  • Alexander Becker
  • Dodo zu Knyphausen-Aufseß
  • Alexander Brem

Abstract

Opportunity discovery and creation are key areas of research in entrepreneurship literature. Based on the ongoing discussion, this paper proposes an integrative view of a dynamic multi-stage new venture emergence. In particular, the findings of our research show how to match these approaches with the life cycle stages of an emerging venture. This paper contributes to existing entrepreneurship research by acknowledging the value of parallel sequential process combinations, by including customer demand as part of a market participant's selection criteria, and by recognising failure as valuable outcome. The implication for entrepreneurs is that, beyond discovering a potential venture idea, substantial development efforts are required to form a sustainable business model. For entrepreneurship research, our model is a first step towards an integrative discussion of new venture emergence aimed at fostering further research and the advancement of new theoretical insights.

Suggested Citation

  • Alexander Becker & Dodo zu Knyphausen-Aufseß & Alexander Brem, 2015. "Beyond traditional developmental models: a fresh perspective on entrepreneurial new venture creation," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 7(2), pages 152-172.
    • Handle: RePEc:ids:ijeven:v:7:y:2015:i:2:p:152-172
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    Citations

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    Cited by:

    1. Manuel Castriotta & Michela Loi & Elona Marku & Luca Naitana, 2019. "What’s in a name? Exploring the conceptual structure of emerging organizations," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(2), pages 407-437, February.
    2. Dennis Lyth Frederiksen & Alexander Brem, 2017. "How do entrepreneurs think they create value? A scientific reflection of Eric Ries’ Lean Startup approach," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 169-189, March.
    3. O’Mahoney Joe, 2021. "How Small Consultancies Grow: Challenging Problem-Based Theorising," Management Consulting Journal, Sciendo, vol. 4(1), pages 5-20, January.
    4. Manzi-Puertas, Mario A. & Agirre-Aramburu, Izaskun & López-Pérez, Sain, 2024. "Navigating the student entrepreneurial journey: Dynamics and interplay of resourceful and innovative behavior," Journal of Business Research, Elsevier, vol. 174(C).
    5. Rosca, Eugenia & Agarwal, Nivedita & Brem, Alexander, 2020. "Women entrepreneurs as agents of change: A comparative analysis of social entrepreneurship processes in emerging markets," Technological Forecasting and Social Change, Elsevier, vol. 157(C).

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