New Business Ventures Session #2: Venture Creation – A Process Framework. PROFESSOR BALAGOPAL VISSA INSEAD 1, Ayer Rajah Avenue Singapore 138676 --- Office: (65) 67995382 Hand phone: (65) 94244573 Email: [email protected]
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Session #2: Venture Creation – A Process Framework
PROFESSOR BALAGOPAL VISSA
1, Ayer Rajah Avenue
Office: (65) 67995382
Hand phone: (65) 94244573
Email: [email protected]
These notes are intended to support class discussions. They should not be considered a comprehensive set of issues to be dealt with.
CONCEPTION GESTATION INFANCY ADOLESCENCE
Crucial: How to get from idea to business?A macro-perspectiveon new venture creation
Source: Based on Reynolds (1994)
“Our venture idea came from an accidental process that just happened to uncover the concept”
Source: Hills and Shrader, “Successful Entrepreneurs’ lusights into Opportunity Recognition”, 1998
Supply & Demand Boundary
Source: Adapted from Bhave (1994), Journal of Business Venturing 9: 223-242
Source: Bhave (1994)
Transforming resourcesWhat do entrepreneurs do?
Undertaking activities to generate legitimacy:
How do founders know what resources to pursue and how to transform them?
Source: Gimeno, Folta,
Cooper and Woo (1997), ASQ.