Does Business Planning Facilitate the Development of New Ventures ?

@inproceedings{Delmar2002DoesBP,
  title={Does Business Planning Facilitate the Development of New Ventures ?},
  author={Fr{\'e}d{\'e}ric Delmar and Scott Shane},
  year={2002}
}
Many prior researchers have criticized business planning, arguing that it interferes with the efforts of firm founders to undertake more valuable actions to develop their fledgling enterprises (Bhide, 2000; Carter, Gartner, and Reynolds, 1996). In this paper, we challenge this negative view of business planning, arguing that business planning is an important precursor to action in new ventures. By helping firm founders to make decisions, to balance resource supply and demand, and to turn… CONTINUE READING

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