TY  - BOOK
AU  - Rasmussen,Einar
TI  - Understanding academic entrepreneurship: exploring the emergence of university spin-off ventures using process theories
SN  - 02662426
AV  - HD2341.167 
PY  - 2011///
CY  - London
PB  - Sage
KW  - Academic entrepreneurship
KW  - Process theory
KW  - University spin-off
N2  - This article explores how the use of process theories can lead to a better understanding of the university spin-off venture formation process. The most frequently used conceptualization of the new venture formation process is the stage model or life-cycle theory. However, no conceptual framework exists to describe how the venturing process proceeds from one stage to the next. Based on a longitudinal study of the initiation and early development of four university spin-offs, this article shows that life-cycle, teleological, dialectic and evolutionary theories explain different aspects of the spin-off venturing process. In combination, these theories may provide a more holistic understanding of the academic entrepreneurship process. The assumptions of each theory suggest important implications for further research on academic entrepreneurship and entrepreneurial processes in general
UR  - https://doi.org/10.1177/0266242610385395
ER  -