Lean startup and the idea of a business model have become popular in the context of startup experimentation, innovation and strategy. In this paper we discuss and critique the assumptions behind lean startup, specifically how the approach conceives of hypothesis development and startup...

Scientists and engineers in small firms are far more likely than their large firm counterparts to enter entrepreneurship, a phenomenon we label the small firm effect. We explore the origins of this small firm effect, identify four classes of explanations - preference sorting, ability sorting,...

This paper builds on the theory-based view and the theory of the entrepreneur in economics to describe three archetypal value-creating theories that economic actors can possess and shows that each theory implies a set of prescriptions for how entrepreneurs can organize and govern the process of...