Timely Creation of New Organizations: The Imprinting Effects of Entrepreneurs' Initial Founding Decisions

Erno T. Tornikoski · Maija Renko

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Firm Innovation and Growth

Abstract

In an attempt to explain why some new organizations are established faster than others, we have adopted the perspective that the timely emergence of an organization can be understood and predicted if it is viewed as being conditioned by the initial decisions of its entrepreneurs regarding their opportunities. Using a large dataset of individuals who are in the process of building their ventures in the United States, and who have been followed up on an annual basis as they go through this process, we have found empirical evidence to conclude that the characteristics of an initial opportunity have an effect on the time taken to create new organizations. Given the novelty of the relationships investigated in this study, coupled with the empirical support for some of our hypotheses, we believe our findings can shed new light on the understanding of imprinting forces for timely organization creation.

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References

1991Firm Resources and Sustained Competitive Advantage 2004Firm resources and sustained competitive advantage 2000The Promise of Entrepreneurship as a Field of Research 1921Risk, Uncertainty and Profit 1964Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education 2003The role of social and human capital among nascent entrepreneurs 2000Prior Knowledge and the Discovery of Entrepreneurial Opportunities 2004Social Structure and Organizations 1

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2024Critical decisions at the early stage of start-ups: a systematic literature review 2024Impact of initial business model on the growth trajectory of new technology-based firms: a path dependency perspective 2023Entrepreneurial intentions’ temporal stability – intraindividual and group-level analyses

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