Resourcing The Start-up Business: Creating Dynamic Entrepreneurial Learning Capabilities 2nd Edition Oswald Jones, Allan Macpherson, Dilani Jayawarna - Solutions

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n Why are bootstrapping and bricolage described as dynamic capabilities?
n To what extent do the entrepreneur’s social skills contribute to the success of a new business venture?
n Why is the distinction between opportunity identification and opportunity creation/development so important?
What do you think are the main sources of learning for nascent entrepreneurs?
n How does the theory of planned behaviour contribute to our understanding of the effectiveness of policies designed to promote entrepreneurship?
n Why does Bridge reject ‘standard economic theory’ as a basis for explaining improvements in the level of entrepreneurship?
n What is the most important factor in stimulating greater levels of new business creation?
n To what extent does necessity-based entrepreneurship decline with higher levels of economic development?
n How does the level of entrepreneurship vary according to the three stages of economic development (factor, efficiency and innovation)?
To what extent is access to finance a real barrier to business start-up?
n What are the implications of knowledge as practical activity, rather than a fixed resource, in understanding how new firms cope with growth?
n What are the key elements of resilience, and how do they help to understand the dynamic and practical nature of growth?
n How does a ‘dynamic states’ or crisis-based view of transition points differ from stage-based models?
n What are the main criticisms of the stage or phase models of growth?
What are the main principles of stage or phase models of growth?
n How do the concepts of bricolage and improvisation help us to consider the types of dynamic capabilities a new firm might need to develop?
n Why is bootstrapping an important aspect of dynamic capabilities in new ventures?
n Why is learning important for understanding the role of dynamic capabilities in firms?
n Why might dynamic capabilities differ in a new firm from those of a larger, more established firm?
n What are the key principles of a dynamic-capabilities view?
How does a dynamic-capabilities view differ from a resource-based view of the firm?
n Why is it challenging to define a generic set of bootstrap techniques that an entrepreneur might use to start a new business? (Use gender, business sector, business age and entrepreneur character, preferences and motivations in your discussion.)
n How does the business lifecycle help to understand the dynamic and practical nature of bootstrap behaviour by different entrepreneurs?
n What might be the potential techniques of bootstrapping that a nascent entrepreneur can bring to their business? How might they access these resources and what are the short- and long-term benefits (and challenges) of using bootstrap resources in the new venture?
How do a resource-based view of the firm, resource-dependency theory and resource-constraints theory help to explain the need for bootstrapping in new ventures?
What are the key reasons that influence new entrepreneurs to seek bootstrap resources to set up and run a new venture?
n What are the key contextual characteristics that differentiate the financing patterns of different types of firms?
n Why is business lifecycle important for understanding the financing behaviour of entrepreneurial ventures?
n An analysis of both the supply-side and demand-side issues related to financing behaviour of new venture suggests that there is no evidence for venture funding gap. Discuss this.
n What are the key principles that differentiate debt finance from equity finance?
Why might financing strategies differ in early stages of a new venture from a more established venture?
n Why is it challenging to link the knowledge and experience as the human capital of the entrepreneur to new venture performance?
n What are the implications of seeing the human capital of the entrepreneur as emerging from childhood? How might the human capital acquired during childhood and parental influence in childhood education influence entrepreneurial potential in adulthood?
n What are the key sources of human capital for the entrepreneur, and how do these sources help to understand the resource capability of the entrepreneur and the entrepreneurial venture?
What are the main types of resources that entrepreneurs require at the early stage of business development? What are the implications of the resourcebased theory of the firm for defining these resources within an entrepreneurial firm?
n How does the work of Edith Penrose contribute to our understanding of entrepreneurial resources?
n How do entrepreneurs move from equivocal reality to an unequivocal reality?
n What are the differences between social networks and social capital?
n What is the significance of structural holes in terms of accessing entrepreneurial resources?
How does Granovetter’s work help with the understanding of entrepreneurial social networks?
n Why is it challenging to define a generic set of skills that a new venture owner might need to start a new business?
n What might be the potential sources of skills and knowledge that a nascent entrepreneur can bring to their business? How might they supplement these skills and address any deficiencies that they identify? Why is experience so important in making the most of existing knowledge?
n Why is it difficult to link the availability of stocks of human capital to the success of a new venture?
n What are the implications of different theories for defining necessary skill sets within a firm: for example, opportunity recognition and exploitation, the resource-based view of the firm, dynamic capabilities and effectuation?
What are the range of factors that influence the skills and knowledge necessary to set up and run a new venture?
n Why are business simulation games important in developing real entrepreneurial learning?
n What are the links between an ‘entrepreneurial university’ and enterprise education?
n How does Bourdieu’s work contribute to the understanding of entrepreneurial learning?
n How does conversational theory extend the ideas associated with Kolb’s learning cycle?
What are the main weaknesses associated with the cognitive approach to learning?
n What are the main principles of effectuation theory?
n Can you briefly outline three process theories of entrepreneurship?
n What are the most common behaviours associated with an entrepreneur starting their own business?
n What is the significance of Scott Shane’s work to our understanding of entrepreneurship?
To what extent has the ‘trait-based’ approach contributed to theories of entrepreneurship?
In what ways does the practice-based perspective differ from more traditional approaches to entrepreneurship?
What key ‘dispositions’ do you possess?
Why do so many new businesses fail?
What are the most important factors that have influenced politicians’ views on the significance of entrepreneurship?
• Why do you think that the distinction between opportunity identification and opportunity creation is such an important theme in this book?
• Do you think that enterprise education can contribute to the development of an entrepreneurial mindset?
• What do you understand by the term ‘dispositions’ and why are they important in the context of starting a new business?
• What are the key differences between bootstrapping and bricolage?
• To what extent do the entrepreneur’s social skills contribute to the success of new business ventures?
• Why is engaging in extracurricular learning as important as classroombased learning for young, inexperienced entrepreneurs?
• How does the theory of planned behaviour complement the various policies designed to promote entrepreneurship
• What is the relationship between business regulation (World Bank) and entrepreneurship?
• What is meant by the terms firm and employment ‘churn’ and why are these factors so important in the context of small firms?
• What do you regard as the most important factors in promoting entrepreneurship?
• How and why do the levels of entrepreneurship vary according to the three stages of economic development – factor-driven (low-income), efficiency-driven (middle-income) and innovation-driven (high-income)?
• What is your evaluation the entrepreneurial process described by GEM (Figure 13.2)?
• According to the OECD, what are the most important determinants of entrepreneurship?
• To what extent is access to finance a barrier to business start-up?
• Can you explain the strengths and weaknesses of the ‘alternative’ theories of entrepreneurship discussed about (entrepreneuring, bricolage, effectuation, user entrepreneurship, creation entrepreneurship and bootstrapping)?
• What are the core ideas that underpin effectuation theory?
• What is the significance of Scott Shane’s work to the theory of entrepreneurial opportunities?
• What do you consider to be the main weaknesses in Shane’s ideas about the entrepreneur-opportunity interface?
• To what extent has the ‘trait-based’ approach contributed to a better understanding of entrepreneurship?
5. What are the implications of knowledge as practical activity, rather than a fixed resource, in understanding how new firms cope with growth?
4. What are the key elements of resilience, and how does that help to understand the dynamic and practical nature of growth?
3. How does a ‘dynamic states’ or crisis-based view of transition points differ from stage-based models?
2. What are the main criticisms of the stage or phase models of growth?
1. What are the main principles of stage or phase models of growth?
• How do the concepts of bricolage and improvisation help us to consider the types of dynamic capabilities a new firm might need to develop?
• Why is learning important for understanding the role of dynamic capabilities in firms?
• Why is networking important activity for both bootstrapping and bricolage?
• What types of resources do you have immediately available in your venture and what types of resources might be available in your network?
• Why might dynamic capabilities differ in a new firm from a larger, more established firm?
• What are the key principles of a dynamic capabilities view?
7. How does entrepreneurial bootstrapping via crowdfunding affect the mobilization of resources and what values entrepreneurs could gain through successful crowdfunding efforts?
6. Why is it challenging to define a generic set of bootstrap techniques that an entrepreneur might use to start a new business? (use gender, business sector, business age and entrepreneur character, preferences and motivations in your discussion).
5. How does the business life cycle help to understand dynamic and practical nature of bootstrap behavior by different entrepreneurs?
4. What are the short-term and long-term benefits of using bootstrap resources in the new venture?
3. What are the bootstrapping techniques that nascent entrepreneurs can use to access additional resources for their businesses?
2. How does resource-based view of the firm, resource dependency theory and resource constraints theory help explain the need for bootstrapping in new ventures?
1. What are the key reasons that influence new entrepreneurs to seek bootstrap resources to set up and run a new venture?
• What is the role of crowdfunding in the growth of start-up businesses?
• What are the key contextual characteristics that differentiate the financing patterns of different types of firms?
• Is the business life cycle important for understanding the financing behaviour of entrepreneurial ventures?
• An analysis of both the supply side and demand side issues related to financing behaviour of new ventures suggest that there is no evidence for venture funding gap. Discuss this issue.

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Resourcing The Start-up Business: Creating Dynamic Entrepreneurial Learning Capabilities 2nd Edition Oswald Jones, Allan Macpherson, Dilani Jayawarna - Solutions

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