Does business planning facilitate the development of new ventures?

• 成果类型: Article
• 署名作者: Delmar, F; Shane, S
• 署名单位: University System of Ohio; Case Western Reserve University; Stockholm School of Economics
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.349
• 发表日期: 2003
• 页码: 1165-1185
• 关键词: Entrepreneurship; Business plans; panel data

摘要

Many prior researchers have criticized business planning, arguing that it interferes with the efforts of firm founders to undertake more valuable actions to develop their fledgling enterprises. In this paper, we challenge this negative view of business planning, arguing that business planning is an important precursor to action in new ventures. By helping firm founders to make decisions, to balance resource supply and demand, and to turn abstract goals into concrete operational steps, business planning reduces the likelihood of venture disbanding and accelerates product development and venture organizing activity. Empirically, we examine 223 new ventures initiated in the first 9 months of 1998 by a random sample of Swedish firm founders and provide support for our hypotheses. Copyright (C) 2003 John Wiley Sons, Ltd.