A terminal assessment of stages theory: introducing a dynamic states approach to entrepreneurship

J.D. Levie, Benyamin B. Lichtenstein

Research output: Contribution to journalArticle

140 Citations (Scopus)

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 (N=104) published in the management literature shows no consensus on basic constructs of the approach, nor is there any empirical confirmations of stages theory. However, by changing two propositions of the stages models, a new dynamic states approach is derived. The dynamic states approach has far greater explanatory power than its precursor, and is compatible with leading edge research in entrepreneurship.
LanguageEnglish
Pages317-350
Number of pages34
JournalEntrepreneurship Theory and Practice
Volume34
Issue number2
DOIs
Publication statusPublished - Mar 2010

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Stage theory
Entrepreneurship
Business growth
Growth model
Stage model

Keywords

  • stages of growth
  • life cycle
  • new ventures
  • entrepreneurship theory
  • complexity science

Cite this

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A terminal assessment of stages theory : introducing a dynamic states approach to entrepreneurship. / Levie, J.D.; Lichtenstein, Benyamin B.

In: Entrepreneurship Theory and Practice, Vol. 34, No. 2, 03.2010, p. 317-350.

Research output: Contribution to journalArticle

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