The full text of this article
The impact of pre-startup planning on the strength of planning assumptions and the mode of processing
by Philipp Thiele; Katharina Fellnhofer
International Journal of Entrepreneurial Venturing (IJEV), Vol. 7, No. 2, 2015
Abstract: While many researches have argued that founders should apply a continuous planning and learning approach, no one has examined the consequences of pre-startup planning on the dynamic capabilities to do so. In this study, we analyse if pre-startup planning has a negative impact on the cognitive dynamic capabilities of the founder. Using cross-sectional data from 102 nascent entrepreneurs, we examine the strength of planning assumptions and its impact on the information-processing mode of the founder. The results show that pre-startup planning progress correlates with both accessibility and knowledge of planning assumptions, which in turn increases the certainty by which founders hold their planning assumptions. Findings further indicate that higher certainty and knowledge of planning assumptions foster the achievement of the sufficiency threshold, indicating that founders maintain their planning assumptions with enough confidence to guide heuristic decision-making during the founding stage. These results imply that pre-startup planning affects the cognitive dynamic capabilities of the founder because strong planning assumptions influence their perceptions and prevent them from systematic information-processing and unbiased decision-making.
Online publication date: Sun, 29-Mar-2015
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurial Venturing (IJEV):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org