In the only known programme of prescriptive entrepreneurship, James Fiet provides a marked contrast to the standard … descriptive focus of entrepreneurship studies. Instead of the anecdotally based pedagogies that have dominated the teaching of … entrepreneurship (and which do not control for luck-based success), the author lays out a programme of research to develop and test …

draw on data from in-depth interviews in sixty young knowledge based firms. The data revealed striking patterns between the … types of knowledge shaping the behavior of the firms in our sample and their patterns of entrepreneurial learning. First, we … found a pattern of absorptive inertia - some new firms developed the capacity to absorb knowledge from outside the firm, but …