The Evolution of Entrepreneurial Competencies: A Longitudinal Study of University Spin‐Off Venture Emergence

32 Pages Posted: 26 Jul 2011

See all articles by Einar Rasmussen

Einar Rasmussen

Nord Universtiy

Simon Mosey

University of Nottingham - Institute for Enterprise and Innovation

Mike Wright

Nottingham University Business School

Date Written: September 2011

Abstract

This paper aims to better understand the development of entrepreneurial competencies to create new ventures within the non‐commercial academic environment. We build upon the evolutionary perspective considering where resources come from to help define these competencies and explain their paths of development. The study follows the creation and early growth of four university spin‐offs within the UK and Norway. We identified three competencies of opportunity refinement, leveraging, and championing that appeared crucial for the ventures to gain credibility. Although selected competencies were inherent within the academic founders, the specific competencies for venture creation had to be developed or acquired. This was achieved iteratively through entrepreneurial experience and accessing competencies from disparate actors such as industry partners and equity investors. Propositions are offered to guide future empirical research based upon our framework.

Suggested Citation

Rasmussen, Einar and Mosey, Simon and Wright, Mike, The Evolution of Entrepreneurial Competencies: A Longitudinal Study of University Spin‐Off Venture Emergence (September 2011). Journal of Management Studies, Vol. 48, Issue 6, pp. 1314-1345, 2011, Available at SSRN: https://ssrn.com/abstract=1895190 or http://dx.doi.org/10.1111/j.1467-6486.2010.00995.x

Einar Rasmussen

Nord Universtiy ( email )

Post Office Box 1490
Bodø, Nordland 8049
Norway

Simon Mosey

University of Nottingham - Institute for Enterprise and Innovation ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 0 115 951 3763 (Phone)

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

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