Donald F. Kuratko's research while affiliated with Indiana University Health and other places

Publications (197)

Article
Full-text available
Success as an entrepreneur requires boldness, creativity, and action in the face of uncertain opportunities and idiosyncratic setbacks. Our recent research elevated and defined the concept of entrepreneurial hustle – an entrepreneur’s urgent, unorthodox actions intended to be useful in addressing immediate challenges and opportunities under conditi...
Article
Full-text available
Gazelles (high-growth), unicorns (ventures valued at $1 billion), and decacorns (ventures valued at $10 billion) appear to be dominating the landscape of entrepreneurship. In 2021, there were more than 700 ventures that have been valued at $1 billion or more by venture capitalists, and there seems to be a continued trend in more arising. However, t...
Article
Full-text available
All entrepreneurs must overcome the liabilities of newness and smallness as they attempt to launch and grow a new venture. However, those in poverty face an even greater challenge due to a concept we introduce, known as the liability of poorness, which centers on literacy gaps, a scarcity mindset, intense non-business pressures, and the lack of a s...
Article
Full-text available
Scholars have examined various aspects of the entrepreneurial mindset, which have provided insights into its attributes, qualities, and operations. However, the different perspectives have led to a diverse array of definitions. With the array of differing definitions, there arises the need to better understand the concept of an entrepreneurial mind...
Article
Persisting with a losing project (i.e., a new product development project facing superior competition) is a social endeavor that can increase the costs of failure to the entrepreneur and other stakeholders. Yet, it tends to be explained almost exclusively in terms of intrapersonal predictors, such as the sunk cost fallacy. This paper examines wheth...
Article
Full-text available
While social entrepreneurship (SE) as a field of study has progressed some distance over the past four decades, it is plagued by many unanswered, yet fundamental, questions. The SE literature is filled with an abundance of disputes, controversies, and alternative perspectives. Although this can suggest a healthy and robust discipline, it can also r...
Article
Despite having characteristics conducive to innovation, family firms are often thought to be less innovative than their nonfamily counterparts. A potential contributor to this innovation paradox is familiness, or the bundle of resources that derive from involvement of the family in the business. We explore this relationship by investigating the med...
Article
Full-text available
Corporate entrepreneurship strategy (CES) represents a firm’s coordinated efforts towards entrepreneurship and is an over-arching strategic approach that may be suitable for diverse types of organizations and industries. Yet, it remains on the knowledge frontier because the actual implementation of this strategy remains a challenge for many organiz...
Article
Full-text available
Theory and research typically suggest that internal corporate (ICV) venture managers should be granted the freedom needed to manage their new business initiatives as they choose, with little or no interference from senior levels of corporate management. The current research investigates the relationship between venture planning autonomy and venture...
Article
Mentorship from other experienced individuals has become essential to entrepreneurs and their fledgling ventures, particularly in today’s accelerators. However, even with the acknowledgment that mentoring and coaching improve an entrepreneur’s likelihood of success, we know very little about the nuances of mentor-mentee relationships or the individ...
Article
We posit that environmental hostility exhibits an inverse U-shaped relationship with a firm’s entrepreneurial orientation. We suggest a nuanced perspective on the threat rigidity argument that firms generally retrench from entrepreneurial capital allocation behaviors as hostility increases. We argue that firms are likely to act opportunistically an...
Article
Innovation is of central importance to entrepreneurship research, as independent entrepreneurs account for the most fundamentally novel product offerings. This study investigates how founder human capital and founder coachability relate to exploiting product innovation in new ventures. Drawing on a dyadic sample of founders and startup coaches, we...
Article
Entrepreneurship research distinguishes between prelaunch learning in the form of customer and technology planning prior to launch and postlaunch learning in the form of product or market pivots after entry. We examine entrepreneurial experience as important to entrepreneurial learning by testing a model connecting entrepreneurial experience with p...
Article
Today’s disruptive innovations are driving the creation of numerous billion-dollar startups. Venture capitalists focus on these potentially disruptive technology startups and fund them furiously, advancing their speed of growth. The idea is to scale fast and seek huge returns for investors. Terms that define this type of aggressive scaling have rec...
Chapter
Written by close friend and co-author Professor Donald F. Kuratko (Dr. K), this chapter portrays David’s work and life in a snapshot. This viewpoint from a colleague and friend gives an overview of David’s career, highlighting his positions, awards, travels and achievements. Most importantly, it serves as an example of how highly admired David is b...
Article
Corporate venture development suggests that internal corporate ventures (ICVs) must become proficient learners if they are to cope successfully with the uncertainty inherent to their operations. Accordingly, the parent corporations in which ICVs operate are challenged to identify and enact appropriate parenting styles that foster their ICVs' learni...
Article
Full-text available
Despite the overwhelming use of the metaphor ‘ecosystem’ in academia, industry, policy, and management, exact definitions of what ‘ecosystems’ really comprise are scarce and often inconsistent. Existing vague descriptions in the literature do not consider the boundaries of respective agglomerations, hence, they impede the evaluation of performance...
Article
Full-text available
Over the past several decades, U.S. venture capital (VC) firms have focused their attention and investment dollars in specialized regional hubs where high-tech entrepreneurship tends to flourish. As a result, “main street” businesses such as retail stores, consumer services, and other non-tech businesses typically find it incredibly difficult to se...
Chapter
The present study examines entrepreneurship in established firms holistically and critically. The authors start by reviewing previous research and highlight a variety of definitional, conceptual, methodological, contextual, and temporal factors that have been confounding the research. The authors then present a multidimensional framework that speci...
Chapter
A corporate entrepreneurship (CE) strategy implies that a firm’s strategic intent is to continuously leverage entrepreneurial opportunities for growth- and advantage-seeking purposes. CE has gained greater research attention with a focus on the factors that influence an organization’s willingness to initiate and sustain a CE strategy. In the curren...
Article
The novelty of new business domains demands that internal corporate ventures (ICVs) exhibit an ability to learn over the course of the venture's development. Nonetheless, ICV learning proficiency may be differentially related to venture performance as a function how various aspects of business planning for the venture are initially approached and e...
Article
Innovation has become a major strategic component of corporate entrepreneurship. Managerial decisions regarding innovative activity are complex and can be affected by numerous factors. In this study, we draw upon the tenets of stakeholder theory to examine how stakeholder salience (consisting of stockholders, employees, and customers) is integral t...
Article
The world is in the midst of a new wave of technological disruption with entrepreneurship and innovation as the catalysts. Yet, organizations struggle with the proper strategies to initiate innovative activity among their people. Corporate entrepreneurship (CE) is a term used to describe entrepreneurial behavior inside established midsized and larg...
Article
Full-text available
We advance a design-based approach to developing opportunities—Design-Centered Entrepreneurship—based on the principles and practices of design. In doing so, we extrapolate a conceptual model for how design can be applied to opportunity development in order to maximize viability while also managing risk. We detail how ideation, prototyping, market...
Article
Consistent with the theme of this special issue, entrepreneurship today is truly everywhere—across campuses, across communities, and across borders. However, we know that entrepreneurship is being defined in different ways … by different audiences! Exactly how entrepreneurship gets redefined and by whom is the major challenge confronting the discip...
Chapter
It is clear that entrepreneurship has a major impact on the economy because of the innovation, competition, productivity, wealth generation, and job creation all developed through new ventures. However, researchers have been divided on what specific type of entrepreneurial venture is best for economic growth and job creation. This chapter examines...
Chapter
How public policy shapes and fosters technology based nascent entrepreneurship is one that is challenging for policy makers, supporting institutions, public and private sector actors. The chapter focuses on the impact of public policy on entrepreneurial activities in general and nascent entrepreneurship in specific, taking the knowledge spillover t...
Chapter
As organizations seek to continually develop innovation, firms are increasingly turning to corporate entrepreneurship/innovation as a strategy. Viewed as a dynamic deviation from prior routines, strategies, business models, and operating environments to embrace new resource combinations that hold promise for new innovations, corporate entrepreneurs...
Article
Full-text available
The current rise in research on entrepreneurial ecosystems notes that many questions are still unanswered. We, therefore, theorize about a unique paradox for entrepreneurs trying to establish legitimacy for their new ventures within and beyond an entrepreneurial ecosystem; that is, when pursuing opportunities with high levels of technological or ma...
Article
Full-text available
Over the last decade, explicit emphasis on the creation of social value has grown in profit-seeking firms as well as nonprofits and has even led to the emergence of a new legal organizational classification known as for-benefit corporations. Like financial value, social value is dynamic and therefore subject to perpetual changes in the firm's exter...
Article
We examine how entrepreneurs manage new venture legitimacy judgments across diverse audiences, so as to appear legitimate to the different audience groups that provide much needed financial resources for venture survival and growth. To do so, we first identify and describe the different mechanisms by which entrepreneurs can establish new venture le...
Article
Corporate entrepreneurship (CE) as a valid and effective area of research has real and tangible benefits for emerging scholars because their work will significantly influence this important strategy. The theoretical and empirical knowledge on CE has evolved over the last forty-five years beginning very slowly and growing in importance through the d...
Article
Although the importance of entrepreneurship is evident and interest continues to grow, high-growth ventures tend to be featured because they produce a significant amount of job and wealth creation in the United States. Some have argued that the focus of public policy should be on these ventures, while others argue for a more diverse approach to eff...
Article
Full-text available
Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and P...
Article
Full-text available
Progress in entrepreneurship research is inhibited by lack of agreement on what constitutes an entrepreneurial venture. We argue for an inclusive conceptualization, and the need to distinguish types of entrepreneurial ventures. A typology is proposed consisting of four venture types. Based on the unique characteristics of each type, it is argued th...
Article
Full-text available
This paper seeks to distinguish between dynamic and static entrepreneurship. We define the construct of dynamic entrepreneurship in terms of Schumpeterian innovativeness and then develop a hypothesis suggesting that human capital is conducive to such action. In contrast, a paucity of human capital is more conducive to static entrepreneurship (defin...
Article
Full-text available
Because the large majority of new ventures remain small, their economic contribution is questioned. Shane (Small Bus Econ 33(2):141–149, 2009) has argued that designing public policies which encourage more people to become entrepreneurs is counterproductive, and the exclusive focus should be high-growth ventures, or gazelles. As a counter to Shane’...
Article
In e-commerce, consumers have begun to rely on the opinions of fellow consumers who posted through online consumer reviews to a reputation management system. An ethical concern has arisen in the use and abuse of these new systems. We examine the underlying ethical issues that entrepreneurs are confronting in this time of surging e-commerce. Using 3...
Article
Corporate entrepreneurship (CE) as a valid and effective area of research has real and tangible benefits for emerging scholars because their work will significantly impact an emerging strategy. The research on CE has evolved over the last 40 years beginning very slowly and growing in importance through the decades. While the inherent value of entre...
Article
Full-text available
Although entrepreneurship is not a new phenomenon, attempts to study it in a systematic manner are fairly recent. The field of entrepreneurship has evolved in a rather disjointed or seemingly random manner, and entrepreneurship has developed as a business discipline by borrowing, building upon, and adapting theoretical and conceptual work from such...
Article
The term “entrepreneurship” apparently means different things to different people including scholars and thought leaders. Because entrepreneurship is multifaceted, it is studied from many different perspectives, yet, that has fostered a multitude of definitions. Even the scholarly literature (where normally the deepest understanding would be found)...
Article
The importance of creativity has been gaining increasing attention over the last several decades with both practitioners and educators promoting the importance of creative thinking in the classroom. Yet, there remains little consensus regarding effective pedagogical practices when teaching creativity (Plucker, Beghetto,&Dow, 2004). In this article,...
Chapter
Corporate entrepreneurship (CE) as a concept has surfaced within the academic literature largely over the last four decades. The purpose of this article is to propose a CE conceptualization scheme that meaningfully reflects the complexity and heterogeneity of current thought on the nature of CE.Two empirical phenomena are herein proposed as constit...
Chapter
Full-text available
Corporate entrepreneurship (CE) is being embraced by executives as more than simply a component of a company's strategy, but rather as the focus of an organization's success. The concept of CE has evolved over the last four decades and the definitions have varied considerably over time. With all of these various definitions taking shape, CE has sti...
Chapter
The domain of corporate entrepreneurship is comprised of two categories of phenomena: corporate venturing and strategic entrepreneurship. Corporate venturing consists of entrepreneurial phenomena through which new businesses are created by, added to, or invested in by an existing organization. Its forms include internal, cooperative, and external c...
Chapter
A business plan is a written document that details a proposed venture. It must illustrate the current status, expected needs, and projected results of the new business. The business plan represents the entrepreneur's roadmap for a successful enterprise. The business plan describes to potential investors and financial sources all of the events that...
Chapter
The success of corporate entrepreneurial project depends on the commitment of management, the project leader, and the rest of the project team to the innovation effort. Commitment toward innovation typically stems from intrinsic motivation and while innovations often begin with creative ideas, individuals are typically most creative when they are p...
Article
Progress in developing theory, laws, law-like generalizations and principles in entrepreneurship is inhibited by lack of agreement on what constitutes an entrepreneurial venture and how firms are sampled in empirical studies. Evidence is provided of a tendency for such studies to include an array of firms that differ in fundamental ways. A typology...
Article
As many organizations are increasingly using entrepreneurial approaches to enhance their corporate social responsibility strategies (Austin, Leonard, Reficco, & Wei-Skiller, 2006), this study explores the existence of a stable set of antecedents to corporate social entrepreneurship behavior. To that end, the Corporate Social Entrepreneurship Assess...
Chapter
Triggering events in corporate entrepreneurship are explored, with particular attention to the ways in which triggers impact upon and are impacted by the marketing function, types of triggers, key ways for classifying them and how the role of marketing might vary depending upon the type or category of trigger.
Article
While corporate innovation is commonly touted as a viable strategy for sustaining superior performance in today's corporations, the successful implementation of corporate innovation remains quite elusive for most companies. A recent Accenture survey of more than 500 executives revealed that over 50% report a poor innovation process, while fewer tha...
Chapter
At its essence, entrepreneurship has the potential to empower and to transform. The key to both individual and organizational prosperity in a dynamic, threatening and complex world is the ability to think and act in more entrepreneurial ways. A new wave of economic development is sweeping the world, with entrepreneurship and innovation as the prima...
Article
Full-text available
Entrepreneurial orientation (EO)—a firm's strategic posture towards entrepreneurship—has become the predominant construct of interest in strategic entrepreneurship research. Despite the ever-increasing volume of nomological research on EO, there remain ongoing conversations regarding its ontology. Drawing from measurement theory, we outline an EO r...
Article
The antecedents to the exit intentions of entrepreneurs are an area of emerging interest in the literature. Using diverse samples of entrepreneurs from US and Australia (total N = 383), this study investigates the relationship between three work stressors (working hours, role ambiguity and work family conflict) and entrepreneurs’ intentions to leav...