The aim of this paper is to provide a better understanding of the evolution of small firm performance. We do so by studying performance changes on a two dimensional "growth– profitability performance space". It is well established that both growth and profitability are important dimensions of...

Principal topic: Effectuation theory suggests that entrepreneurs develop their new ventures in an iterative way by selecting possibilities through flexibility and interactions with the market; a focus on affordability of loss rather than maximal return on the capital invested, and the...

It has been argued that entrepreneurship research has not come far enough, fast enough (Low, 2001). Although the volume of research has grown dramatically, as has the number of specific sub-topics covered, there are relatively few issues on which the entrepreneurship research community has...

The performance of the often young and independent businesses studies in entrepreneurship research is not only difficult to assess (Brush & Vanderwerf, 1992) and hard to predict (Cooper, 1995), but also a challenge to interpret. Is discontinuation a sign of failure, and always a worse outcome...

Firm growth is almost universally portrayed as a good thing, and is commonly used as a measure of success. Applying resource-based reasoning, we argue that growth is often not a sign of sound development. Specifically, we hypothesize that firms which grow without first securing high levels of...

Increasingly, celebrities engage in business not just as endorsers but also with a financial stake and decision-making role in the business. Whether initiated by the celebrity or by other founders, we refer to such instances of new ventures entering the market with a celebrity engaged in such...

This research examines habitual entrepreneurship as undertaken by those currently creating a new firm and those who recently had. The suggestion is that habitual entrepreneurs have different motivations for firm creation, take different actions during the process, and have different expectations...

Corporate venturing activities can expand a firm’s business by creating new products and entering new markets. The literature suggests that entrepreneurial management should have a positive effect on corporate venturing activities and, as a consequence of this, a positive effect on a company's...

This article discusses the problem of making practical use of research on entrepreneurship. The introduction deals with the general problem of different goals and knowledge interests on the part of researchers and practitioners, and how the differences can be bridged. Regarding entrepreneurship...

Given that the long-term goal is to build a body of generalizable knowledge, so that each specific study does not have to start from scratch, I see a number of problems within the field of entrepreneurship and small business research. It should be stated from the start that the view of the...