Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development
AbstractBy demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. I define entrepreneurial exit and demonstrate how this conceptualization provides concepts that are unique from those addressed by researchers in other domains; thus outlining a space for it within the literature. In each phase of the entrepreneurial process I explore the development of an exit strategy, reasons for exit and options for exit.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Business Venturing.
Volume (Year): 25 (2010)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/jbusvent
Entrepreneurial exit Entrepreneurial process Psychological ownership;
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