Knowledge Problems and Entrepreneurial Strategy

Entrepreneurs formulate and implement strategies to tackle different knowledge problems over the entrepreneurial journey. This dissertation systematically disentangled and compared the value of two strategic decision logics that have been tested little in the extant entrepreneurship literature: the strategic decision logic that leverages speed advantages versus the logic that leverages comprehensive advantages. Using a pseudo-NK simulation method first in the management and entrepreneurship fields, the comparative effectiveness of new product development strategies that leverage speed (e.g., the lean method [paper one] and a modular strategy [paper two]) versus comprehensiveness (e.g., a more comprehensive method [paper one] and a parallel strategy [paper two]) was tested in the first and second essays of the dissertation. In the third essay, I systematically reviewed, analyzed, and disentangled two existing corporate strategy constructs of decision speed and decision comprehensiveness by investigating different ways these decision strategies could be effective within entrepreneurship. I also used a multilevel meta-analysis to synthesize and test the contingent role of decision speed and decision comprehensiveness in different entrepreneurial decision contexts. That is, I found that the value of these two entrepreneurial strategies would be contingent upon the external and internal conditions of ventures. Overall, this dissertation shows that strategies that leverage comprehensiveness might even be more effective in entrepreneurship than the strategies that leverage speed advantages, depending on the internal and external decision contexts.

Name thesis:degree_name

Doctor of Philosophy

Level thesis:degree_level

doctoral

Discipline thesis:degree_discipline

Business, Management

Department dc:contributor.department

Management

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

2023

Author dc:creator

• Jin, Ju hyeong

Chair dc:contributor.committeechair

• Townsend, David

Committee members dc:contributor.committeemember

• Beal, Daniel J.
• James, Tabitha L.
• Gnyawali, Devi R.
• Hunt, Richard A.

• Entrepreneurial Choice
• Entrepreneurial Strategy
• Knowledge Problems
• Decision Speed
• Decision Comprehensiveness
• Lean Startup

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Language dc:language.iso

en

Dc Identifier Other

vt_gsexam:36875

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/114876