TY - JOUR
T1 - Founders' experiences for startups' fast break-even
AU - Oe, Akitsu
AU - Mitsuhashi, Hitoshi
N1 - Funding Information:
The authors thank the two anonymous reviewers and Akihiro Hashimoto, Seki Asano, and Shinichiro Watanabe in University of Tsukuba (Japan) for their excellent suggestions. A part of this research was supported by the Grants-in-Aid for Scientific Research, the Japanese Ministry of Education, Culture, Sports, Science and Technology ( 22530375 ).
Copyright:
Copyright 2013 Elsevier B.V., All rights reserved.
PY - 2013/11
Y1 - 2013/11
N2 - While some previous studies have found that the role of founders' collective experiences is paramount in resolving problems inherent in startups, others have failed to substantiate this. This study claims that this incongruence is attributable to a failure to consider organizational processes in which founders' experiences translate into organizational assets through information distribution and interpretation. Using the data from the Panel Study of Entrepreneurial Dynamics, this study demonstrates that startups reach their break-even point faster when their founders have had work experience in the same industry, and that this effect becomes stronger when these firms commit more resources to information distribution and interpretation.
AB - While some previous studies have found that the role of founders' collective experiences is paramount in resolving problems inherent in startups, others have failed to substantiate this. This study claims that this incongruence is attributable to a failure to consider organizational processes in which founders' experiences translate into organizational assets through information distribution and interpretation. Using the data from the Panel Study of Entrepreneurial Dynamics, this study demonstrates that startups reach their break-even point faster when their founders have had work experience in the same industry, and that this effect becomes stronger when these firms commit more resources to information distribution and interpretation.
KW - Founders' experience
KW - Knowledge management
KW - Nascent entrepreneur
KW - Organizational learning
KW - Startup growth
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U2 - 10.1016/j.jbusres.2012.01.011
DO - 10.1016/j.jbusres.2012.01.011
M3 - Article
AN - SCOPUS:84880960518
VL - 66
SP - 2193
EP - 2201
JO - Journal of Business Research
JF - Journal of Business Research
SN - 0148-2963
IS - 11
ER -