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From the bitterness of lemons to the sweet taste of lemonade: three essays in entrepreneurship
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To critically evaluate the constraints faced by entrepreneurs, scholars have lean on two fundamental research questions. First, why doesn’t everyone who pursues his/her entrepreneurial aspirations actually succeed? Second, what are the most effective strategies entrepreneurs lean on to manage their ventures in such turbulent environments? Answering to the first question provides knowledge about how entrepreneurs react to constraints and what fuels/inhibits their behavior in the face of adversity. Furthermore, getting knowledge about how entrepreneurs act, disentangles the nuances of their activity and helps to explain what management practices foster and/or deters the development of a new business.
In three studies, using different samples and methodologies, we highlight the importance of understanding the effect of constraints on entrepreneurial behavior, as well as the implications that the strategies used to manage such demands have for the venture development.
Our findings deliver contributions for both research and practice. For scholars, this research provides a more granular view about the impact of constraints in entrepreneurial behavior. For entrepreneurs, we provide evidence about the effectiveness of some management practices for venture high-performance. Our findings also help policy makers to elaborate more effective propositions to stimulate entrepreneurial activity.