The Life Cycle Of New Ventures

This book discusses topical issues in entrepreneurship organized around the various stages of venture creation, development and performance. It is arranged in several parts, dealing with the pre-start stage, followed by venture creation, financing ventures, venture development, and venture performance. Each part contains several chapters written by experts in the relevant field. The multi-disciplinary flavor of the book is complemented by its international evidence base, featuring results from a range of different countries. The book will help researchers and practitioners who want to pinpoint the key points emerging from the latest academic thinking.

The contributors to this book provide a cross-national comparison of venture emergence, newness and growth. Their chapters examine the influences of cultural, social and economic factors on venture development, compare the approaches of entrepreneurs who move from idea to emerging organization, and investigate acquisition and development of resources in growth and performance. The authors consider important issues in new ventures research such as technology commercialization, management team development, and influence of equity funding. While its particular focus is on Norway and the US, the book offers broad and intriguing contributions with regard to the emergence and growth of knowledge based firms in developed economies, and has implications for both direct and indirect government policy with regard to stimulating the formation and development of knowledge based firms. Scholars and students of entrepreneurship, international studies and economics, policymakers, international business experts and economic development specialists will find this rigorous analysis of the utmost importance.

The Encyclopedia of New Venture Management explores the skills needed to succeed in business, along with the potential risks and rewards and environmental settings and characteristics.

Scholarly research investigating the venturing processes by entrepreneurial teams (ETs) is relatively recent and characterized by specific and limited areas of attention. Although the authors build on earlier contributions, Entrepreneurial Teams: An Input-Process-Outcome Framework takes a nuanced view of the phenomenon. First it offers a comprehensive understanding of the construct 'entrepreneurial team' by focusing on its definition and characteristics. Second, it depicts team evolution phases, from inception to maturity, linking these to firm performance by using a process approach (i.e., Input-Process-Outcome). Entrepreneurial Teams: An Input-Process-Outcome Framework is structured as follows. First, it outlines the methodology used to search the relevant literature on the topic and to create meaningful thematic clusters. Second, it presents the previous reviews on ETs and illustrate how this monograph can be differentiated from these. Third, it focuses on the ambiguity of the definition of ETs in previous research, providing its own definition of ETs and identifying areas for future development. Fourth, it presents an in-depth analysis of the 14 thematic clusters identified according to the Input-Process-Outcome framework. In each cluster, the authors review the state of the art on the topic, highlighting limitations and shortcomings. For 'inputs, ' they review papers dealing with individual/team characteristics and ET formation. For 'processes, ' they review papers dealing with development and turnover in ETs, ETs and cognition, interactions in ETs, ETs and networks, and, finally, ETs and governance/organization, strategies, and opportunity identification. For 'outcomes, ' they review papers dealing with ETs and new firm creation, legitimacy, fundraising, public support, internationalization, and performance. It concludes by identifying opportunities for further research and offers some suggestions on how to contribute to the state of the art of literature.

Small Firm Growth comprehensively reviews the empirical literature on small firm growth to highlight and integrate what is known about this phenomenon and take stock of what past experiences of researching this area implies for how the phenomenon can or should be studied in future research.

This book offers students a comprehensive, accessible guide to launching and managing a new venture. Beginning with the planning process and continuing to marketing, financing, and growth, it gives students the insights and practical skills they need to be successful entrepreneurs. This edition’s structure aligns more logically with the venture’s lifecycle, so the reader is equipped to develop a strong business model. The authors combine updated planning exercises, end-of-chapter consultation questions, and a sample business plan with new material, including: a new chapter on ideation, the Business Model Canvas, and lean start-up that covers the latest methodology in idea generation and opportunity recognition to provide a tool for developing a business concept; a new chapter on the various pathways for creating a new venture, including setting up an online venture as well as managing the day-to-day aspects of running a business; a revised chapter on start-up capital and crowdfunding that helps students raise capital through social media; a revised chapter on managing growth through HR planning, helping students to navigate growth on a global level successfully and ethically. Students in entrepreneurship and new venture management classes will find New Venture Management a valuable resource. A companion website features an instructor’s manual, test bank, PowerPoint slides, and further resources to aid instructors and students in applying their knowledge.

Starting a new business takes a lot of energy and organization. The failure rate is alarmingly high and the task can look herculean at the outset. This new textbook provides a simple guide to help plan a successful new business, taking entrepreneurs and students through the steps required to avoid pitfalls and get a business going. Unlike most entrepreneurship textbooks, the author avoids dwelling on theories in favour of providing effective and practical guidance on how to start and manage a profitable business, with a focus on new ventures operating in high-growth, innovative sectors. Written by an expert with experience in academia and business consulting, this concise textbook will be valuable reading for students of entrepreneurship, new ventures and small business. The practical focus of the book means that it will be useful both for students in the classroom and for entrepreneurs wanting to start a new business.

Small businesses have much different growth patterns than large corporations. Small business owners who look to large corporations for insight and guidance on how to grow their own businesses often feel overwhelmed and demotivated. "The Small Business Life Cycle" lays out the five stages of small business growth and explains how you can navigate each stage in your business. To be successful, you have to take the right steps at the right time. Each stage has different challenges, strengths, inconvenient truths, and ways forward. This guide shows you where to focus your resources in each stage so you can grow your business efficiently. Whether you're thinking about starting a small business or you've been in business for a while, "The Small Business Life Cycle" will give you a better gauge to evaluate where you are and what you need to do next. If you're growing fast and want to keep growing, this book will show you how to do it strategically. And if you're stuck and don't know what to do, you can determine what stage your business is in now and figure out what you need to do next to get unstuck. This guide will specifically help you work through: Questions to ask before you start your own small business How to get a foothold in the market and why you should be marketing fewer things to fewer audiences Why some "successful" products and services will cause you to get stuck and lose momentum What four things must be in place to grow your business How not to break a successful, scalable small business once you've got it there This no-fluff guide will lay out the foundation upon which you can grow your small business. The only question left to answer is: what's your next action?