Academy of Management Proceedings · 1990 · 43 citations · 0 references
ManagementEntrepreneurshipKnowledge ManagementEntrepreneurial StrategyKnowledge SharingStrategic EntrepreneurshipEntrepreneurial Decision-makingEntrepreneurial MindsetEntrepreneurial Self-efficacyExpertise DevelopmentLearning From ExperienceResource AcquisitionConceptual Model DevelopmentEntrepreneurial Orientation-performance RelationshipEnvironmental FactorsFirm Financial PerformanceFirm PerformancePerceived ExpertisePrior Entrepreneurial ExperienceVenture Learning
An entrepreneur's experience is often assumed to be a significant determinant of firm performance. Mixed support exists for this assumption, perhaps because it is necessary to distinguish between experience and experientially acquired knowledge or expertise. A conceptual model is presented positing that the relationship between an entrepreneur's experience and the firms' performance is moderated by individual ability and motivation to acquire expertise, by alternate expertise sources, and by environmental factors.