A solid business plan. Slow and steady mentorship. Closely held business information. A sure recipe for entrepreneurship success?
Not necessarily, says Chris Bingham, Phillip Hettleman Distinguished Scholar and Area Chair of Strategy and Entrepreneurship at UNC Kenan-Flagler Business School and a Kenan Institute core initiative leader. New research published by Bingham and fellow researchers Susan L. Cohen and Benjamin L. Hallen in the Administrative Science Quarterly disputes conventional start-up wisdom and explores how widely accepted practices might actually hinder entrepreneurs’ success.
The research was featured recently in a blog post by Heinrich R. Greve, Rudolf and Valeria Maag Chaired Professor of Entrepreneurship at INSEAD, and editor of Administrative Science Quarterly.