Shepherd, Dean A., Richard Ettenson and Andrew Crouch, 'New Venture Strategy and Profitability: A Venture Capitalists Assess ment', Journal of Business Venture, vol. 15, no. 5/6 (September- November 2000), pp. 449-67
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Abstract
venture mortality has made a significant contribution to out knowledge of mortality risk, there has been little interest in identifying how venture managers can address the risks that all new organisations face. This is a regrettable oversight given that it is unlikely that new ventures commence with the explicit expectation of failure. On the contrary, venture capitalists and managers go to great lengths to improve the prospects of success of the projects they support, and it is reasonable to think that they are not just indulging in ’wishful thinking’ by doing so. This paper focuses on the common emphasis of prior researchinformational limitations of new ventures-and suggests that new ven-
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The Journal of Entrepreneurship is a multidisciplinary forum for the publication of articles and research and discussion of issues that bear upon and enfold the field of entrepreneurship. Topics appropriate and related to entrepreneurship include intrapreneurship, managership, organisational behaviour, leadership, motivation, training and ethical/ moral notions guiding entrepreneurial behaviour. Disciplinary boundaries that straddle entrepreneurship theory and research include economics, psychology, sociology, anthropology, history, management and others. The journal particularly welcomes articles that advance our understanding of entrepreneurship phenomenon across different national and cultural contexts. Articles should be well articulated and substantive. The journal is peer-reviewed.
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