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What do we know about new ventures?

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  • Bystrova, Y.

  • Shirokova, G.

Abstract

Definitions, characteristics and factors influencing their growthThis article attempts to systematize the existing knowledge about factors influencing new venture growth, through literature review of 56 research articles in this area. New venture definitions and characteristics are discussed in this study. Based on the literature review key factors that influence new venture growth are identified, which contain business environment, including industry and geographical characteristics, new venture strategy and firm internal environment, representing personal features, experience and competence level of entrepreneur or entrepreneurial team, firm resources, its capabilities and organizational structure. Influence of each of them may differ from time to time and depend on the particular circumstances certainly, but the fact of their impact is evident based on the results of conducted research studies. As the result of literature review we identified the main gaps in this new venture research stream, and proposed further research directions.

Suggested Citation

  • Bystrova, Y. & Shirokova, G., 2014. "What do we know about new ventures?," Journal of Modern Competition, Synergy University, issue 6, pages 69-101.
    • Handle: RePEc:snr:mdrcmp:y:2014:i:6:p:69-101
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