From Grand Idea to Viable Execution: How Do Ventures and Entrepreneurs Co-Evolve?

15 Pages Posted: 3 Jul 2012

See all articles by Gabi Kaffka

Gabi Kaffka

University of Twente

Norris F. Krueger

Entrepreneurship Northwest; University of Phoenix - Global Business Research, School of Advanced Studies; Max Planck Institute for Economics

Date Written: April 18, 2012

Abstract

We empirically investigated the effect of intensive mentoring and feedback on co-evolution of cognitive development of entrepreneurs and their venture. A diverse sample of forty entrepreneurs was followed over twelve months in a business incubator in the Netherlands, and extremely detailed qualitative data from the entrepreneurs' weekly logbooks were collected. We found that focused feedback does influence co-evolution of entrepreneurial mindset and venture but also depends on the stage of the venture as well as on prior entrepreneurial experience.

Keywords: mentoring, lean startup, co-evoltion, entrepreneurship, incubator, accelerator

JEL Classification: M13, O31, O32

Suggested Citation

Kaffka, Gabi and Krueger, Norris F., From Grand Idea to Viable Execution: How Do Ventures and Entrepreneurs Co-Evolve? (April 18, 2012). Available at SSRN: https://ssrn.com/abstract=2098031 or http://dx.doi.org/10.2139/ssrn.2098031

Gabi Kaffka

University of Twente ( email )

Postbus 217
Twente
Netherlands

Norris F. Krueger (Contact Author)

Entrepreneurship Northwest ( email )

1632 South Riverstone
Suite 304
Boise, ID 83706
United States
(208) 440-3747 (Phone)

University of Phoenix - Global Business Research, School of Advanced Studies ( email )

4025 Riverpoint Parkway
Phoenix, AZ
United States

Max Planck Institute for Economics ( email )

Kahlaische Str. 10
D-07745 Jena
Germany

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