Founders' experiences for startups' fast break-even

Akitsu Oe, Hitoshi Mitsuhashi

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)2193-2201
Number of pages9
JournalJournal of Business Research
Volume66
Issue number11
DOIs
Publication statusPublished - 2013 Nov 1

Keywords

  • Founders' experience
  • Knowledge management
  • Nascent entrepreneur
  • Organizational learning
  • Startup growth

ASJC Scopus subject areas

  • Marketing

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