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Historiography and the excavation of nascent business venturing

Author

Listed:
  • Wim Van Lent

    (Université Paris 1 Panthéon-Sorbonne)

  • Richard A. Hunt

    (Virginia Polytechnic Institute & State University)

  • Daniel A. Lerner

    (IE Business School, IE University)

Abstract

Few facets of business venturing are more challenging to capture than nascent-stage venture creation. The principal reason for this is the inherent difficulty scholars face when addressing the dynamic interplay between individuals and opportunities. Post hoc perspectives of venture creation typically involve high “narrativity,” characterized by structured, linear, teleological sense-making that tends to omit unreasoned and unintended facets of entrepreneurship. While narrativity is indispensable to new venture storytelling, it is also the quintessence of post hoc reality restructuring, which often excludes and invariably mutates key aspects of entrepreneurial action. To mitigate the data narrativity problem, we formulate a historiographical procedure designed to (a) reveal the internal and external stimuli that govern venture creation and (b) elicit deeper understanding of the unreasoned logics that also guide entrepreneurial action. For practical benefit, we assess this procedure through the lens of four archetypal research contexts, each featuring start-ups as “sites” of historiographical analysis: “wastelands,” “ruins,” “construction sites,” and “goldmines.” Our methodological roadmap enables a richer depiction of nascent-stage venturing.

Suggested Citation

  • Wim Van Lent & Richard A. Hunt & Daniel A. Lerner, 2023. "Historiography and the excavation of nascent business venturing," Small Business Economics, Springer, vol. 61(1), pages 285-303, June.
  • Handle: RePEc:kap:sbusec:v:61:y:2023:i:1:d:10.1007_s11187-022-00691-w
    DOI: 10.1007/s11187-022-00691-w
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    More about this item

    Keywords

    Nascent-stage business venturing; Narrativity; Epistemology; Historiography; Historical realism; Interpretive history;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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