A Terminal Assessment of Stages Theory: Introducing a Dynamic States Approach to Entrepreneurship

34 Pages Posted: 22 Mar 2010

See all articles by Jonathan Levie

Jonathan Levie

University of Strathclyde - Strathclyde Business School

Benyamin Lichtenstein

University of Massachusetts Boston

Abstract

Stages of growth models were the most frequent theoretical approach to understanding entrepreneurial business growth from 1962 to 2006; they built on the growth imperative and developmental models of that time. An analysis of the universe of such models (nā€‰=ā€‰104) published in the management literature showed no consensus on basic constructs of the approach, and no empirical confirmation of stages theory. However, by changing two propositions of stages theory, a new dynamic states approach was derived. The dynamic states approach has far greater explanatory power than its precursor, and is compatible with leading edge research in entrepreneurship.

Suggested Citation

Levie, Jonathan and Lichtenstein, Benyamin, A Terminal Assessment of Stages Theory: Introducing a Dynamic States Approach to Entrepreneurship. Entrepreneurship Theory and Practice, Vol. 34, Issue 2, pp. 317-350, March 2010. Available at SSRN: https://ssrn.com/abstract=1575736 or http://dx.doi.org/10.1111/j.1540-6520.2010.00377.x

Jonathan Levie (Contact Author)

University of Strathclyde - Strathclyde Business School ( email )

100 Cathedral Street
Glasgow G1 1XU
United Kingdom

Benyamin Lichtenstein

University of Massachusetts Boston ( email )

100 Morrissey Blvd
Boston, MA 02125
United States

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