Publications
Publications
- 2010
Clear and Present Danger: Planning and New Venture Survival Amid Political and Civil Violence
By: Shon R. Hiatt and Wesley Sine
Abstract
Prior strategy research is divided on the utility of new-venture planning. Some scholars argue that planning enhances new-firm performance and others make the opposite argument. This paper attempts to reconcile these contradictory views by exploring the extent of entrepreneurial planning and its contingent benefits in a range of environmental contexts. Using a sample of 730 new ventures in Colombia between 1997 and 2001, we present a theory that explains how planning, political and civil turmoil, and the interaction between the two phenomena influence new-venture survival. We find that planning has a curvilinear effect on survival and that political and civil turmoil negatively moderates business planning and impairs organizational survival.
Keywords
Business Startups; Entrepreneurship; Government and Politics; Success; Performance Effectiveness; Strategic Planning; Business and Government Relations; Colombia
Citation
Hiatt, Shon R., and Wesley Sine. "Clear and Present Danger: Planning and New Venture Survival Amid Political and Civil Violence."