TY - JOUR
T1 - A terminal assessment of stages theory
T2 - Introducing a dynamic states approach to entrepreneurship
AU - Levie, Jonathan
AU - Lichtenstein, Benyamin B.
PY - 2010/3
Y1 - 2010/3
N2 - Stages of growth models were the most frequent theoretical approach to understanding entrepreneurial business growth from 1962 to 2006; they built on the growth imperative and developmental models of that time. An analysis of the universe of such models (n = 104) published in the management literature showed no consensus on basic constructs of the approach, and no empirical confirmation of stages theory. However, by changing two propositions of stages theory, a new dynamic states approach was derived. The dynamic states approach has far greater explanatory power than its precursor, and is compatible with leading edge research in entrepreneurship.
AB - Stages of growth models were the most frequent theoretical approach to understanding entrepreneurial business growth from 1962 to 2006; they built on the growth imperative and developmental models of that time. An analysis of the universe of such models (n = 104) published in the management literature showed no consensus on basic constructs of the approach, and no empirical confirmation of stages theory. However, by changing two propositions of stages theory, a new dynamic states approach was derived. The dynamic states approach has far greater explanatory power than its precursor, and is compatible with leading edge research in entrepreneurship.
UR - http://www.scopus.com/inward/record.url?scp=77952570416&partnerID=8YFLogxK
U2 - 10.1111/j.1540-6520.2010.00377.x
DO - 10.1111/j.1540-6520.2010.00377.x
M3 - Article
SN - 1042-2587
VL - 34
SP - 317
EP - 350
JO - Entrepreneurship: Theory and Practice
JF - Entrepreneurship: Theory and Practice
IS - 2
ER -