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Evidence-Based Management for Entrepreneurial Environments: Faster and Better Decisions with Less Risk

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  • Pfeffer, Jeffrey

    (Stanford University)

Abstract

Entrepreneurship 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.

Suggested Citation

  • Pfeffer, Jeffrey, 2010. "Evidence-Based Management for Entrepreneurial Environments: Faster and Better Decisions with Less Risk," Research Papers 2051, Stanford University, Graduate School of Business.
  • Handle: RePEc:ecl:stabus:2051
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    File URL: http://gsbapps.stanford.edu/researchpapers/library/RP2051.pdf
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    References listed on IDEAS

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    1. 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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    Cited by:

    1. Richard A. Hunt & Bret Fund, 2012. "Reassessing the Practical and Theoretical Influence of Entrepreneurship Through Acquisition," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 16(1), pages 29-56, Spring.

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