New Venture Creation and Growth
Week 35: 2
Readings: 2
Lecture 1 slides theory: 3
Book sections: 6
Week 43: 6
Lecture 3 Growth: growth problems 7
Week 44 12
Lecture 4: franchising as growth option 12
Week 45 17
Lecture slides theory Growth: internationalization as a growth option (+ guest lecture) 17
Lecture 1 slides: statistics pairs of variables & simple linear regression 26
Week 37: 30
Readings 30
Lecture 2 slides: theory High ends fruits: 31
Tutorial S1 slides: statistics introduction to SPSS: 36
Week 38: 37
Lecture 2 slides: statistics Simple Linear Regression 37
Tutorial 2 slides: 41
Lecture 3: statistics Simple and multiple linear regression 41
ThreeFive Photonics case 43
Week 40: 44
Lecure 4: statistics Multiple linear regression 44
● Paper van Gelderen: slide 21-36/31 : good practice 46
Tutorial 3: Statistics 47
Lecture 5 slides: statistics multiple linear regression: extension 47
Lecture 6 slides: statistics multiple linear regression: extension 51
Tutorial 4 slides: statistics 53
SPSS 53
Statistical methods for bus. & eco 54
Chapter 5 Pair and variables 54
Chapter 19 simple linear regression 57
Chapter 20 multiple linear regression: introduction 64
Chapter 21: multiple linear regression: extension 69
Formula sheet: 70
1
,Lecture 1 slides theory:
Venture creation: business opportunities that can result into scale-up
Venture growth: growth options and growth management
- Start-up = A temporary organization in search of a scalable business
model
- Smallness is therefore no more than a temporary characteristics of
genuine entrepreneurial ventures
Evidence-based entrepreneurship:
- Evidence-based entrepreneurship perseus the science informed practice
of entrepreneurship
- A pre-requisite is the systematic accumulation and interpretation of the
body evidence from entrepreneurship scholarship
Doing Evidence-based entrepreneurship:
1. Analyze the situation
2. Synthesize and judge the relevant scientific insights
3. Use these insights to explore options and action pathways
4. Take (better) informed decisions
- Making this effort may be much cheaper than relying on myth,
common practice or blind learning by doing
Build on the assigned literature to theorize:
- Why some engage in entrepreneurship by picking a low hanging fruit
- Why, for some of those, they subsequently transform the venture into a
high-growth venture by continuing to go after low hanging fruits ( that
hang increasingly higher up in
the tree)
2
,What is a unicorn firm?
- Ambition
- Fitting opportunities
- Scaling
- Funding
- A great deal of luck
Who is an entrepreneur:
- The entrepreneur is ‘’the person who created and develops new business
of any kind’’
- ‘’The entrepreneur is an innovator, and therefore a relatively exceptional
person who changes the economy in some way or another’’
- ‘’The entrepreneur is the individual responsible for the process of creating
new value (an innovation and/or a now organization)’’
Who is likely to become an entrepreneur?
- If entrepreneurs are an essential part of the process through which new
ventures are created, it is reasonable to suggest that at least some aspects
of their behavior and cognition play an important role in this process
How can we observe or measure entrepreneurial intentions?
- desires (do you want to start a business)
- preferences (if you could choose between being self-employed and being
employed by someone, what would you prefer?)
- plans (are you planning to start a business), or
- Behavioral expectations (estimate the probability that you will start your
own business in the next five years)
Desiring, but not expectation to expecting to engage
- We learned a few respondents who had indicated that they would be
interested in entrepreneurship expected that they would not engage:
3
, No golden opportunity
No money invest
- How to start a business without ideas and money can be learned
- ‘’The two most important variables to explain entrepreneurial intentions
are entrepreneurial alertness and the important attached to financial
security’’
Pattern recognition
- We miss so much of what goes on around us (gorilla)
- Pattern recognition
-prototype
-problem
-solution
-Ip
-growing market
How to pick low-hanging fruits
Heterogeneity in opportunity evaluations
4
Week 35: 2
Readings: 2
Lecture 1 slides theory: 3
Book sections: 6
Week 43: 6
Lecture 3 Growth: growth problems 7
Week 44 12
Lecture 4: franchising as growth option 12
Week 45 17
Lecture slides theory Growth: internationalization as a growth option (+ guest lecture) 17
Lecture 1 slides: statistics pairs of variables & simple linear regression 26
Week 37: 30
Readings 30
Lecture 2 slides: theory High ends fruits: 31
Tutorial S1 slides: statistics introduction to SPSS: 36
Week 38: 37
Lecture 2 slides: statistics Simple Linear Regression 37
Tutorial 2 slides: 41
Lecture 3: statistics Simple and multiple linear regression 41
ThreeFive Photonics case 43
Week 40: 44
Lecure 4: statistics Multiple linear regression 44
● Paper van Gelderen: slide 21-36/31 : good practice 46
Tutorial 3: Statistics 47
Lecture 5 slides: statistics multiple linear regression: extension 47
Lecture 6 slides: statistics multiple linear regression: extension 51
Tutorial 4 slides: statistics 53
SPSS 53
Statistical methods for bus. & eco 54
Chapter 5 Pair and variables 54
Chapter 19 simple linear regression 57
Chapter 20 multiple linear regression: introduction 64
Chapter 21: multiple linear regression: extension 69
Formula sheet: 70
1
,Lecture 1 slides theory:
Venture creation: business opportunities that can result into scale-up
Venture growth: growth options and growth management
- Start-up = A temporary organization in search of a scalable business
model
- Smallness is therefore no more than a temporary characteristics of
genuine entrepreneurial ventures
Evidence-based entrepreneurship:
- Evidence-based entrepreneurship perseus the science informed practice
of entrepreneurship
- A pre-requisite is the systematic accumulation and interpretation of the
body evidence from entrepreneurship scholarship
Doing Evidence-based entrepreneurship:
1. Analyze the situation
2. Synthesize and judge the relevant scientific insights
3. Use these insights to explore options and action pathways
4. Take (better) informed decisions
- Making this effort may be much cheaper than relying on myth,
common practice or blind learning by doing
Build on the assigned literature to theorize:
- Why some engage in entrepreneurship by picking a low hanging fruit
- Why, for some of those, they subsequently transform the venture into a
high-growth venture by continuing to go after low hanging fruits ( that
hang increasingly higher up in
the tree)
2
,What is a unicorn firm?
- Ambition
- Fitting opportunities
- Scaling
- Funding
- A great deal of luck
Who is an entrepreneur:
- The entrepreneur is ‘’the person who created and develops new business
of any kind’’
- ‘’The entrepreneur is an innovator, and therefore a relatively exceptional
person who changes the economy in some way or another’’
- ‘’The entrepreneur is the individual responsible for the process of creating
new value (an innovation and/or a now organization)’’
Who is likely to become an entrepreneur?
- If entrepreneurs are an essential part of the process through which new
ventures are created, it is reasonable to suggest that at least some aspects
of their behavior and cognition play an important role in this process
How can we observe or measure entrepreneurial intentions?
- desires (do you want to start a business)
- preferences (if you could choose between being self-employed and being
employed by someone, what would you prefer?)
- plans (are you planning to start a business), or
- Behavioral expectations (estimate the probability that you will start your
own business in the next five years)
Desiring, but not expectation to expecting to engage
- We learned a few respondents who had indicated that they would be
interested in entrepreneurship expected that they would not engage:
3
, No golden opportunity
No money invest
- How to start a business without ideas and money can be learned
- ‘’The two most important variables to explain entrepreneurial intentions
are entrepreneurial alertness and the important attached to financial
security’’
Pattern recognition
- We miss so much of what goes on around us (gorilla)
- Pattern recognition
-prototype
-problem
-solution
-Ip
-growing market
How to pick low-hanging fruits
Heterogeneity in opportunity evaluations
4
