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Complexity Ingredients Required For Entrepreneurial Success

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  • McKelvey Bill

    (Department of Emeritus, UCLAAnderson School of Management, Los Angeles, CA 90095-1481, USA)

Abstract

This “comment” begins with a summary of the various complexity concepts (ingredients) that relate to the creation and development of effective startup companies. No single complexity concept is sufficient to create an effective entrepreneurial startup, but a random mix of organizational components and behaviors is also ineffective. As the competitive environments of entrepreneurial firms change, they also need to continually change their mix of complexity ingredients to remain competitive. In moving from biology to digital business, the most dominant evolutionary difference for companies is the much higher speed at which complexity dynamics – emergence, self-organization, and the creation of new order – occur. In a dynamic business ecosystem, firms will quickly disappear that don’t recognize digital-business effects and adapt to the high speed of coevolution amongst competitors.

Suggested Citation

  • McKelvey Bill, 2016. "Complexity Ingredients Required For Entrepreneurial Success," Entrepreneurship Research Journal, De Gruyter, vol. 6(1), pages 53-73, January.
    • Handle: RePEc:bpj:erjour:v:6:y:2016:i:1:p:53-73:n:4
    DOI: 10.1515/erj-2015-0053
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    References listed on IDEAS

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