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| Author: | Forbes, D.P. |
| Title: | Managerial determinants of decision speed in new ventures |
| Journal: | Strategic Management Journal
2005 : APR, VOL. 26:4, p. 355-366 |
| Index terms: | decision making new enterprise |
| Freeterms: | decision speed |
| Language: | eng |
| Abstract: | This paper explains why some new ventures make strategic decision more quickly than others. Drawing on life course theory and human capital theory, a model of how entrepreneurs' individual characteristics affect new venture decision speed is developed. The model is tested using survey data from 98 Internet startups and their founders/managers. Findings indicate that companies made faster decisions when they were managed by older entrepreneurs and by those with prior entrepreneurial experience. |
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