Managing New Ventures

Dean A. Shepherd () and Holger Patzelt ()
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Dean A. Shepherd: University of Notre Dame
Holger Patzelt: Technische Universität München

Chapter Chapter 4 in Entrepreneurial Strategy, 2021, pp 73-99 from Springer

Abstract: Abstract The creation of new ventures and growing them into well-established organizations is the key purpose of managing new venturesmanaging new ventures. This chapter explains the 10 most essential subtopics for managing new ventures (Shepherd et al. in Journal of Management 47:11–42, 2021): (1) lead founderfounder, (2) founding teamfounding team, (3) socialsocial relationships, (4) cognitionscognition(s), (5) emergent organizingorganizing, (6) new venture strategystrategy, (7) organizational emergenceemergence, (8) new venture legitimacylegitimacy, (9) founder exitexit, and (10) entrepreneurial environment. This chapter ties these “managing” subtopics into the three major stages of the entrepreneurial process—co-creatingco-creating, organizing, and performingperforming. The framework provides a cohesive story of managing new ventures.

Date: 2021
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DOI: 10.1007/978-3-030-78935-0_4

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