Complexity Ingredients Required For Entrepreneurial Success

McKelvey Bill ()
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McKelvey Bill: Department of Emeritus, UCLAAnderson School of Management, Los Angeles, CA 90095-1481, USA

Entrepreneurship Research Journal, 2016, vol. 6, issue 1, 53-73

Abstract: This “comment” begins with a summary of the various complexity concepts (ingredients) that relate to the creation and development of effective startup companies. No single complexity concept is sufficient to create an effective entrepreneurial startup, but a random mix of organizational components and behaviors is also ineffective. As the competitive environments of entrepreneurial firms change, they also need to continually change their mix of complexity ingredients to remain competitive. In moving from biology to digital business, the most dominant evolutionary difference for companies is the much higher speed at which complexity dynamics – emergence, self-organization, and the creation of new order – occur. In a dynamic business ecosystem, firms will quickly disappear that don’t recognize digital-business effects and adapt to the high speed of coevolution amongst competitors.

Keywords: complexity; ingredients (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1515/erj-2015-0053

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