Evidence-Based Management for Entrepreneurial Environments: Faster and Better Decisions with Less Risk
AbstractEntrepreneurship is risky. Most new technologies and new businesses fail. Shane (2008) reported that 25% of new businesses failed in the first year and that by the fifth year, fewer than half had survived. In the United Kingdom, Stark (2001) presented data showing a 75% failure rate for small and medium-sized enterprises in the first three years. The risk and high failure rate is because most new ideas and technologies are not good and are, therefore, rejected by the marketplace.
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Bibliographic InfoPaper provided by Stanford University, Graduate School of Business in its series Research Papers with number 2051.
Date of creation: Mar 2010
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- Steven Kaplan & Antoinette Schoar, 2003. "Private Equity Performance: Returns, Persistence and Capital," NBER Working Papers 9807, National Bureau of Economic Research, Inc.
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