Action's Place in the Venture Creation Process [chapter]

Scott R. Gordon
2012 Advances in Entrepreneurship, Firm Emergence and Growth  
This study examined the effect that venture creation action has on the outcomes of nascent entrepreneurship. A conceptual model was developed which proposes action as a fundamental mechanism in venture creation. Thus, action should rightly be considered as a means which transmits the effects of venture resource endowments on to venture creation outcomes. This conceptual model was empirically supported in a random sample of nascent ventures. Ventures with higher levels of human or social capital
more » ... were found to be more active in venture creation. In turn, more active venture attempts were more likely to achieve improved venture creation outcomes. Further, human and social capital, on their own, exhibit little direct influence on the venture outcomes achieved. These findings confirm action's central place in the venture creation process.
doi:10.1108/s1074-7540(2012)0000014009 fatcat:cmujhjlgrja2lkgpajgtxivtam