Abstract
This paper uses system dynamics modelling to explore processes through which entrepreneurial initiatives within firms lead to firm growth. Our model captures the interplay among various sub-processes and finds these processes form a complex system involving multiple interacting feedback processes. Simulation analysis shows that minor changes in firm conditions could lead to qualitatively different growth trajectories. They involve growth dynamics such as better before worse, and worse before better scenarios. These findings prompt us to move beyond linear understanding of how entrepreneurship contributes to firm growth.
| Original language | English |
|---|---|
| Article number | 106285 |
| Number of pages | 18 |
| Journal | Journal of Business Venturing |
| Volume | 38 |
| Issue number | 3 |
| Early online date | 11 Feb 2023 |
| DOIs | |
| Publication status | Published - 31 May 2023 |
Data Availability Statement
Data will be made available on request.Funding
This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.
Keywords
- Entrepreneurship
- Firm growth
- Simulation
- System dynamics modelling
ASJC Scopus subject areas
- Business and International Management
- Management of Technology and Innovation