8/28/2023 0 Comments Entrepreneur venture definition![]() To address this issue, we conduct a structured literature review of 59 articles. Though it is actions of entrepreneurs that give rise to new organizations, we still lack a comprehensive understanding of what entrepreneurs do that actually leads to venture success. Research linking the actions of entrepreneurs to the success of their venture is insufficient and can benefit from innovative research approaches. Also, applying alternative measurements and capturing a more complete picture of what entrepreneurs do when starting a business but also aside from their venturing efforts might contribute to a better understanding of the relationship to venture success. ![]() Specifically, we argue that future research should strive to understand the motives behind entrepreneurs’ actions, consider how entrepreneurs conduct activities, and what kind of business ideas they are working on. Based on our findings, we develop a six-point research agenda. The analysis reveals that studies typically analyze “what” entrepreneurs but less often “when” and “how much” and rarely “why,” “how,” and “what else” they do. In addition, we integrate the view of entrepreneurship as an evolutionary process. We analyze the “what,” the “how,” the “how much,” and the “when” of entrepreneurs’ actions that lead to venture success. More than half of the included articles are based on data from the Panel Study of Entrepreneurial Dynamics (PSED), but there are also important “stand-alone” studies. We define “actions” as discrete units of “doing” that can-potentially-be observed by others and “success” as firm-level success measured by firm status (e.g., firm survival) or performance (e.g., sales). To summarize existing research, we conduct a structured literature review including 59 empirical articles linking entrepreneurs’ behavior to venture success. ![]() However, a comprehensive understanding of what entrepreneurs do and what actually leads to venture success is currently lacking. It is the actions of entrepreneurs that give rise to new organizations.
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