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New Venture Creation Framework
1970 - 1995
During 1970–1995, entrepreneurship research coalesced around a unified lens that links opportunity recognition, resource mobilization, and venture launch. Within this frame, scholars integrated cognitive-behavioral perspectives—emphasizing motivation, decision making, and entrepreneurial behavior—with financing dynamics and venture capital criteria shaping which ventures were pursued. Analyses connected entrepreneurship to regional development and startup ecosystems, while attention to technology-driven growth highlighted the startup process and early performance predictors. Influential Works: The field’s foundational cross-period works introduced a structured approach to describing new venture creation, clarifying the stages of opportunity recognition, resource mobilization, and venture launch. The seminal born-global idea challenged assumptions about internationalization by showing some firms go global from inception, reshaping entrepreneurial strategy and export planning. The knowledge-creating company and competitive advantage frameworks further illuminated how knowledge flows and strategic positioning intersect with entrepreneurial renewal and enduring performance.
• Conceptualization and identity framing of entrepreneurship shows evolving definitions, with debates about who counts as an entrepreneur and the scope of the entrepreneurial phenomenon across economics, psychology, and management [4], [5], [9], [10], [15], [18].
• A cognitive-behavioral perspective on entrepreneurship emphasizes entrepreneurial behavior, motivation, and decision making shaping venture outcomes, drawing on psychology and strategic-entrepreneurship work [3], [6], [7], [11].
• Financing and VC evaluation frameworks shape which ventures are pursued, with emphasis on investor criteria, venture capital activity, and entrepreneurial finance across the literature [12], [13], [15].
• Entrepreneurship is linked to economic development and startup ecosystems, integrating international entrepreneurship, ecosystem concepts, and development outcomes [4], [10], [15].
• Startup process and technology-driven growth patterns emphasize venture creation, initial success predictors, and performance in high-technology contexts [14], [16], [19], [20].
Knowledge-Driven Entrepreneurial Ecosystem
1996 - 2002
Opportunity-Based International Entrepreneurship
2003 - 2009
Lean-Learning and Disruption Framing in Entrepreneurship
2010 - 2016
Digital-Relational Entrepreneurial Ecosystems
2017 - 2023