Exploring Entrepreneurial Learning: A Comparative Study of Technology Development Projects

Posted: 17 Nov 2009

See all articles by Carlo Turati

Carlo Turati

SDA Bocconi

Davide Ravasi

SDA Bocconi; Bocconi University - Department of Management and Technology

Date Written: 2005

Abstract

The conditions that influence successful learning inentrepreneurial innovation are explored.First, the learning context inentrepreneurial ventures, which is marked by ambiguity and a paucity ofresources, is described.Next, data from interviews with the foundingpartners and employees of a Milanese company engaged in two separate technologydevelopment projects are offered.A longitudinal analysis is performed onthe projects, one of which was considerably more successful than theother. The firm's different stories of success and failure in technologydevelopment suggest the existence of a self-reinforcing cycle that drivesentrepreneurial learning.An interpretive model of this learning processis presented.This cycle is sustained by the entrepreneur's decision todevote more resources, time, and attention to projects perceived as morepromising. The entrepreneur's increasing control over the process andincreasing capacity to estimate the extent and the likelihood of commercialreturns are the cornerstones on which the cycle is based.In addition tohighlighting the role of resource scarcity, the interpretive model alsoaccounts for the ways in which ambiguity affects entrepreneurial learning andfor the potential loss of control implied by the need to rely on outsideassistance for critical learning activities. (SAA)

Keywords: Resource management, Product development, Innovation process, Management decisions, Uncertainty, Learning

Suggested Citation

Turati, Carlo and Ravasi, Davide, Exploring Entrepreneurial Learning: A Comparative Study of Technology Development Projects (2005). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship, Available at SSRN: https://ssrn.com/abstract=1506792

Carlo Turati (Contact Author)

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Davide Ravasi

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
334
PlumX Metrics