New Venture Initiation: Factors Influencing Success

Authors

  • Val Miskin Washington State University
  • Jerman Rose Washington State University

Abstract

The authors recognize that the definition of "entrepreneur'' may still be subject to varying interpretation. For the purposes of this study, the tenn entrepreneur will be used to include a broad entrepreneurial behavior along the lines of Hisrich and Peters' definition that ''Entrepre­ neurship is the process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial, psychic and social risks and receiving the resulting rewards of monetary and personal satisfaction" (5).

Previous research on entrepreneurial success, has explored both the cognitive and behav­ ioral characteristics of the entrepreneur as well as the contextual variables surrounding the business venture. This study has been designed to explore specific variables relative to (a) the entrepreneur, (b) the context of the business venture and (c) the product or service itself. Itis the intent of this survey to identify and confinn the impact these variables have on the initiation and eventual success of new business ventures.

References

Brockhaus, R.H. 'The psychology of the entrepreneur.'' In C. Kent, D.L. Sexton & K Vesper (eds.). Encyclvpedia of Entrepreneurship (New Jersey: Prentice Hall, 1982).

Dandridge, T.C. & Ford, M.A. "Use of a self-assessment profile to differentiate among professional groups on entrepreneurial characteristics.'' In N .C.Churchill,J.A.Hornaday, B.A. Kirchhoff, O.J. Krasnes & K.H. Vesper (eds.). Frontiers of Entrepreneurship Research (Wellesley, MA: Babson College, 1987).

Greenberger, D.B. & Sexton, D.L. "An interactive model of new venture initiation," Journal of Small Business Management, 26(3), (1988), pp. 1-7.

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Hisrich, R.D. & Peters, M.D. Entrepreneurship: Starting Developing and Managing a New Enterprise (Homewood, IL: B.P.l./lrwin, 1989), p. 10.

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Sexton, D.L. & Bowman, N.B. "Validation of a personality index." In R. Ronstadt, J. Hornaday, R. Peterson & K.Vesper(eds.). Frontiers of Ent repreneurshi p Research 'Y{ellesley, MA: Babson College, 1986).

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Welsch. H. &Young. E. "Male and female entrepreneurial characteristics and behaviors: A profile of similarities and differences,"International Small Business Journal, 2(4), (1984), pp. 11-20.

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Published

1990-06-03

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Section

Articles

How to Cite

New Venture Initiation: Factors Influencing Success. (1990). Journal of Small Business Strategy (archive Only), 1(2), 1-9. https://libjournals.mtsu.edu/index.php/jsbs/article/view/224