TY - JOUR
T1 - A terminal assessment of stages theory
T2 - introducing a dynamic states approach to entrepreneurship
AU - Levie, J.D.
AU - Lichtenstein, Benyamin B.
PY - 2010/3
Y1 - 2010/3
N2 - 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.
AB - 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.
KW - stages of growth
KW - life cycle
KW - new ventures
KW - entrepreneurship theory
KW - complexity science
UR - http://www.management.umb.edu/faculty/workingpaper/lichtenstein_ben/DynamicStates_ETP_Jun09.pdf
UR - http://www.wiley.com/bw/journal.asp?ref=1042-2587
U2 - 10.1111/j.1540-6520.2010.00377.x
DO - 10.1111/j.1540-6520.2010.00377.x
M3 - Article
SN - 1042-2587
VL - 34
SP - 317
EP - 350
JO - Entrepreneurship Theory and Practice
JF - Entrepreneurship Theory and Practice
IS - 2
ER -