Abstract

http://ssrn.com/abstract=909615
 
 

References (68)



 
 

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Are You Experienced or Are You Talented?: When Does Innate Talent vs. Experience Explain Entrepreneurial Performance?


Charles E. Eesley


Stanford University

Edward B. Roberts


Massachusetts Institute of Technology (MIT) - Entrepreneurship Center

Dec. 20, 2011

Strategic Entrepreneurship Journal, Forthcoming

Abstract:     
We explore whether entrepreneurial performance is due to innate talent or the accumulation of entrepreneurial experience. Using a novel dataset with multiple observations of founding attempts per individual, we generate a unique measure of entrepreneurial talent. In contrast to prior findings, the relative importance of experience vs. talent changes with the context. When the current market or technology is familiar, then experience dominates. However, when the venture context is unfamiliar, talent is more important. Individuals with experience and talent handle both familiar and unfamiliar aspects and may extract more from a given level of experience. The findings advance our understanding of how the drivers of venture performance shift with the broader technological and industry environment and places limits on when experience aids performance.

Number of Pages in PDF File: 32

Keywords: organizational learning, top management teams, entrepreneurship, exploration, strategy

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Date posted: June 19, 2006 ; Last revised: August 15, 2014

Suggested Citation

Eesley, Charles E. and Roberts, Edward B., Are You Experienced or Are You Talented?: When Does Innate Talent vs. Experience Explain Entrepreneurial Performance? (Dec. 20, 2011). Strategic Entrepreneurship Journal, Forthcoming. Available at SSRN: http://ssrn.com/abstract=909615 or http://dx.doi.org/10.2139/ssrn.909615

Contact Information

Charles E. Eesley (Contact Author)
Stanford University ( email )
473 Via Ortega
Stanford, CA 94305-9025
United States
(740) 236-4653 (Phone)
HOME PAGE: http://www.stanford.edu/~cee
Edward B. Roberts
Massachusetts Institute of Technology (MIT) - Entrepreneurship Center ( email )
Cambridge, MA
United States
617-253-4934 (Phone)
617-253-2660 (Fax)
Feedback to SSRN


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