Superior entrepreneurial performance is not driven by technical knowledge
Wednesday, May 6, 2009 - 12:07
in Psychology & Sociology
Entrepreneurs in high-technology industries often have significant prior industry experience. A new study in Strategic Management Journal reveals that this experience is critical to their success. Surprisingly, however, it is mainly the non-technical knowledge that founders gain from their experience with prior firms that affects increased achievement at their new firms, rather than direct technical spillovers from the former parent to a new venture.