Entrepreneurial Necessities and Managerial Shortfalls of Founders: What Does Entrepreneurship Theory Tell Us?

32 Pages Posted: 22 Feb 2009 Last revised: 10 May 2009

See all articles by Jörg Freiling

Jörg Freiling

University of Bremen - Faculty of Business Studies and Economics

Date Written: May 8, 2009

Abstract

Founding a new firm is a challenging endeavor. However, many founders lack the available skills in particular in early phases of venturing. This paper addresses this managerial gap and employs entrepreneurship theory to understand cause and effect relationships in this context. Against the background of previous empirical surveys and based on a framework consisting of four entrepreneurial functions, namely innovation, risk management, coordination, and arbitrage, the paper presents research propositions that explain the status of competitiveness of the firm.

Keywords: managerial shortfalls, entrepreneurship theory, path dependence, venture process, entrepreneurial functions, competitiveness

JEL Classification: L22, M13, O31

Suggested Citation

Freiling, Jörg, Entrepreneurial Necessities and Managerial Shortfalls of Founders: What Does Entrepreneurship Theory Tell Us? (May 8, 2009). Available at SSRN: https://ssrn.com/abstract=1347664 or http://dx.doi.org/10.2139/ssrn.1347664

Jörg Freiling (Contact Author)

University of Bremen - Faculty of Business Studies and Economics ( email )

Wilhelm-Herbst-Str. 5
Bremen, D-28359
Germany
++49 421 218 66870 (Phone)
++49 421 218 66902 (Fax)

HOME PAGE: http://www.lemex.uni-bremen.de

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