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Is an entrepreneur's previous experience relevant in predicting the success or otherwise of a new business venture? Common sense would suggest that this undoubtedly be the case. Current research suggests otherwise, however. As elucidated in this volume, a business founder's prior experience can have either a positive or a negative impact on the performance of any given start-up venture. This book aims to explore these inconsistencies through in-depth case studies of six diverse entrepreneurs. The research conclusions drawn during the course of this book differ significantly from much contemporary theory in the subject area that is entrepreneurial research. This book serves to shed new light on the importance of previous business-founder experience while also underlining the importance of context in the application of same within new business ventures.
List of Tables vii
List of Figures viii
Acknowledgements ix
1 Introduction 1
1.1 Introduction
1.2 Background
1.3 Statement of Research Issue and Research Objectives
1.4 Research Methodology
1.5 Structure of the Book
1.6 Summary
2 Literature Review 7
2.1 Introduction
2.2 Entrepreneurship and the Economy
2.3 The Entrepreneur
2.4 New Venture
2.5 Experience and New Venture Performance
2.6 Conceptual Framework
2.7 Summary
3 Research Methodology 23
3.1 Introduction
3.2 Research Approach
3.3 Data Analysis
3.4 Summary
4 Individual Case Analysis 33
4.1 Introduction
4.2 Case Study 1
4.3 Case Study 2
4.4 Case Study 3
4.5 Case Study 4
4.6 Case Study 5
4.7 Case Study 6
4.8 Summary
5 Cross Case Analysis 69
5.1 Introduction
5.2 Results
5.3 Summary
6 Discussion and Conclusions 93
6.1 Introduction
6.2 Conclusions
6.3 Descriptive Framework
6.4 Implications for Potential Entrepreneurs
6.5 Contributions to Theory and Recommendations for Future Research
6.6 Limitations of Research Findings
6.7 Summary
Bibliography 109
Appendix A Research Instrument 115
Overview
Is an entrepreneur's previous experience relevant in predicting the success or otherwise of a new business venture? Common sense would suggest that this undoubtedly be the case. Current research suggests otherwise, however. As elucidated in this volume, a business founder's prior experience can have either a positive or a negative impact on the performance of any given start-up venture. This book aims to explore these inconsistencies through in-depth case studies of six diverse entrepreneurs. The research ...