"This important Handbook of Entrepreneurial Dynamics reports on the Panel Study of Entrepreneurial Dynamics (PSED), the most comprehensive scientifically representative study to date of nascent entrepreneurs. The book is unique because the study identified individuals in the process of creating new businesses to understand how, at its very source, people move from considering the option of starting a new business to its actual founding. This has never been done before in the history of entrepreneurship research... I cannot recommend this book more strongly to entrepreneurship scholars and those interested in where entrepreneurs come from and how they move from their initial idea to new venture founding." --Claudia Bird Schoonhoven, University of California, Irvine "This Handbook makes a terrific contribution to understanding entrepreneurship and new business creation. Its 38 chapters report major findings from the Panel Study of Entrepreneurial Dynamics (PSED), an unprecedented research program involving more than a hundred researchers from 10 countries. This Handbook is ′must reading′ for anyone interested in entrepreneurship research." --Andrew H. Van de Ven, Carlson School of Management, University of Minnesota Entrepreneurial activity provides profound positive benefits across an important set of measures of social and economic well-being, much of it concentrated in new economic sectors such as information technology. Yet, even though entrepreneurship has been shown to provide many benefits, it is surprising that there has not been a systematic study of the entrepreneurial process. The Handbook of Entrepreneurial Dynamics: The Process of Business Creation fills this gap by offering theories, ideas, and measures that can be used to explore and understand the factors that encompass and influence the creation of new businesses. The chapters in the handbook provide the rationale for questionnaires used in the Panel Study of Entrepreneurial Dynamics (PSED). The PSED is a research program that was initiated to provide systematic, reliable, and generalizable data on important features of the new business creation process. The PSED includes information on the proportion and characteristics of the adult population involved in efforts to start businesses, the activities and characteristics that comprise the nature of the business start-up process, and the proportion and characteristics of those business start-up efforts that actually become new businesses. The handbook also describes the PSED data collection process; provides documentation of the interview schedules, codebooks, data preparation and weighting scheme; as well as offers examples of how analyses of PSED data might be conducted. The authors identify specific measures that can be used to operationalize theory as well as provide evidence from the PSED data sets on these measures′ reliability and validity. The Handbook of Entrepreneurial Dynamics is ideal for a sizeable audience, including graduate students, academics, and librarians in schools of business and management who need a comprehensive reference on business creation. In addition, researchers and policy makers at the federal, state, and local level will find this an invaluable reference covering all of the factors involved in new venture formation. Key Features: * Considers categories of data not available prior to the PSED * Includes a comprehensive overview of theories about new business formation * Provides demographics of nascent entrepreneurs * Analyzes the cognitive characteristics of nascent entrepreneurs * Explores all of the processes of new business formation

'The Handbook of Entrepreneurial Dynamics' provides an important forum for scholars to generate new theory, identify promising research directions, & present important insights to a very wide audience of scholars in entrepreneurship.

Provides a forum for scholars to generate a different theory, identify promising research directions, and present important insights to a wide audience of scholars in entrepreneurship. In order to study individuals as their businesses take shape, this book located and studied nascent entrepreneurs in the process of building their enterprises.

This handbook reports on the creation andresults of the Panel Study of Entrepreneurial Dynamics (PSED) that wasconducted by the Entrepreneurship Research Consortium (ERC), founded in 1995.The PSED was created to develop a representative portrait of entrepreneurialactivity in the United States.A panel of nascent entrepreneurs wascreated, along with a control group of non-entrepreneurs. Individuals in theprocess of creating new businesses could be studied to generate systematic,reliable, and generalizable data on business creation. The handbook reports on the creation of the ERC, provides detailedinformation about the rationale used in developing the questionnaires for thePSED, and summarizes the theoretical perspectives operationalized, andvariables used, in the PSED. The PSED model has three "transitionpoints": (1) the "conception," (2) the startup process, and (3)"outcomes" of the new firm. These points generate various researchquestions: "What are the tendencies and features of those who startbusinesses?" "How do nascent entrepreneurs go about forming abusiness?" "Why are some successful?" and "Why are some firmslikely to succeed, persist, or die?" The research design had two majorparts: (1) identifying and interviewing nascent entrepreneurs and a controlgroup, and (2) the content of the interviews. Each of the 38 chapters in the handbook was written by a scholar in the ERCwho reports on a key theoretical perspective and variables associated with thattheory. The results showed the great diversity and variety in the process ofbusiness creation. Chapters in Part I, "Demographic Characteristics of theEntrepreneur," discuss the theory, measures, and evidence about thedemographic characteristics of both nascent entrepreneurs and the comparisongroup. Aspects discussed include age and other demographics, income and networth, work and education background, and family background. Part II, "Cognitive Characteristics of the Entrepreneur," surveysthe cognitive characteristics that might determine whether nascententrepreneurs think differently than the comparison group and how types ofnascent entrepreneurs might be distinguished. Topics surveyed include careerreasons, job and life satisfaction, entrepreneurial expectations, innovationand problem-solving style, and social skills. Chapters in Part III, "The Start-up Process," explore the process ofbusiness formation. They describe the kinds and types of businesses, steps andphases of the process, social networks, funding, and business expectations. Part IV, "The Entrepreneurial Environment," explores the context ofthe startup effort and the strategic and technology orientations of theemerging new firms. Three appendixes explain the PSED data collection process, datadocumentation and preparation, use of weights, and how analysis of the datasets can be conducted. (TNM).

This monograph presents the results of The Panel Study of Entrepreneurial Dynamics [PSED] II and is the only nationally representative dataset of new business creation providing a critical source of information on the early stages of the entrepreneurial process.

Today’s leading authority on the subject of this text is the author, MIT Standish Professor of Management and Director of the System Dynamics Group, John D. Sterman. Sterman’s objective is to explain, in a true textbook format, what system dynamics is, and how it can be successfully applied to solve business and organizational problems. System dynamics is both a currently utilized approach to organizational problem solving at the professional level, and a field of study in business, engineering, and social and physical sciences.

Due to the 2008-2009 crisis, the United Nations 2030 agenda for sustainable development, and the COVID-19 pandemic, the role of entrepreneurship has become more critical in most economies. Moreover, emerging protectionist policies are further encouraging the emergence of new entrepreneurial projects, particularly to replace goods and services traditionally provided by other countries. Understanding current challenges and best practices in nascent entrepreneurship is integral for the successful launching of new ventures to support the revitalization of economies and achieve sustainability. The Handbook of Research on Nascent Entrepreneurship and Creating New Ventures is a crucial reference source that covers the latest empirical research findings in the field of entrepreneurship and addresses the obstacles entrepreneurs face in these recent challenging times. The book embraces a pluralistic perspective from academicians currently navigating nascent entrepreneurship and key concepts for launching successful new ventures. Covering topics that include government support programs, spin-off companies, leadership, strategic entrepreneurship, and crowdfunding, this book is targeted towards entrepreneurs, professionals, academicians, researchers, and students.