Dilettante, Venturesome, Troy, and Crafts: Drivers of Performance among Taxonomic Groups
AbstractEmpirical research has failed to cumulate into a coherent taxonomy of small firms. This may be because the method adapted from biology by Bill McKelvey has almost never been adopted. His approach calls for extensive variables and a focused sample of organizations, contrary to most empirical studies, which are specialized. Comparing general and special purpose approaches, we find some of the latter have more explanatory power than others and that general purpose taxonomies have the greatest explanatory power. Examining performance, we find the types do not display significantly different levels of performance but they display highly varied drivers of performance. This manuscript was invited due to its foundational nature that underpins research in this domain.
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