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UrduAbstract Academic theories of entrepreneurship and applied theories of entrepreneurship have historically been siloed. In this article, we connect the Lean Startup, a widely used and applied approach toward entrepreneurship, with selected academic theories of entrepreneurship. In doing so, we…
Tag: Lean Startup
Lean Hypotheses and Effectual Commitments: An Integrative Framework Delineating the Methods of Science and Entrepreneurship
Abstract Recently, there is increasing interest in building theories that offer actionable guidance to the practice of entrepreneurship. Here I present a general theoretical framework, called CAVE, for understanding, assessing, and enhancing existing tools that offer such guidance. The framework…
Four Approaches to New Venture Creation: Taking Stock and Moving Forward
Abstract Lean startup, effectuation, creation theory, and the theory-based view represent four different descriptive theories of how new ventures emerge and/or normative theories of how new ventures should be developed. We juxtapose the four approaches and describe their similarities and…
Who Learns Fastest, Wins: Lean Startup and Discovery Driven Growth
Abstract Most entrepreneurial ventures fail. Most corporate ventures fail too, often more expensively. Against this backdrop, Lean Startup and Discovery-Driven Growth (DDG) are methods that emphasize rapid learning, resource parsimony, and an intense focus on validating assumptions as ways of…