Strategies, Uncertainty and Performance of Small Business Startups
27 Pages Posted: 26 Aug 2006
Personal strategies of owners/founders of small business startups are related to performance and to environmental uncertainty. This is done using a longitudinal data set of some 50 Dutch startups. The results suggest a dynamic process between strategy and performance.A discrimination is made between four strategies (reactive, critical point, complete planning and opportunistic). The role of uncertainty is discussed. The dynamic process is embedded in the PERSUADE model.
Keywords: strategy, entrepreneurship, uncertainty, performance, small business startups
JEL Classification: M, L20, M13
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