Cutting your teeth: the beginning of the learning curve
We explore learning-by-doing in an important setting not previously explored - the context of one or more complex experiences encountered in novel circumstances. We explore characteristics that lead to learning at the beginning of the learning curve. We use data from survey responses of 2,111 entre...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Institute of Electrical and Electronics Engineers
2010
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| Online Access: | http://hdl.handle.net/1721.1/59297 https://orcid.org/0000-0003-0435-6525 |
| _version_ | 1811084590377336832 |
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| author | Roberts, Edward B. Eesley, Charles E. |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Roberts, Edward B. Eesley, Charles E. |
| author_sort | Roberts, Edward B. |
| collection | MIT |
| description | We explore learning-by-doing in an important setting not previously explored - the context of one or more complex experiences encountered in novel circumstances. We explore characteristics that lead to learning at the beginning of the learning curve. We use data from survey responses of 2,111 entrepreneurs to examine performance of startup firms as a measure of outcomes produced by learning-by-doing from prior founding experience. Results indicate substantial productivity benefits accruing from prior entrepreneurial experience. We are the first to exploit panel data on the entire individual history of firm founding to control for individual fixed effects. Areas where entrepreneurs show possible learning effects include the inclination and/or ability to more quickly go through the process of recognizing an opportunity, developing it, and executing the exit strategy. |
| first_indexed | 2024-09-23T12:53:14Z |
| format | Article |
| id | mit-1721.1/59297 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T12:53:14Z |
| publishDate | 2010 |
| publisher | Institute of Electrical and Electronics Engineers |
| record_format | dspace |
| spelling | mit-1721.1/592972022-09-28T10:41:58Z Cutting your teeth: the beginning of the learning curve Roberts, Edward B. Eesley, Charles E. Sloan School of Management Roberts, Edward B. Roberts, Edward B. Eesley, Charles E. We explore learning-by-doing in an important setting not previously explored - the context of one or more complex experiences encountered in novel circumstances. We explore characteristics that lead to learning at the beginning of the learning curve. We use data from survey responses of 2,111 entrepreneurs to examine performance of startup firms as a measure of outcomes produced by learning-by-doing from prior founding experience. Results indicate substantial productivity benefits accruing from prior entrepreneurial experience. We are the first to exploit panel data on the entire individual history of firm founding to control for individual fixed effects. Areas where entrepreneurs show possible learning effects include the inclination and/or ability to more quickly go through the process of recognizing an opportunity, developing it, and executing the exit strategy. MIT Entrepreneurship Center 2010-10-13T19:59:42Z 2010-10-13T19:59:42Z 2009-08 Article http://purl.org/eprint/type/JournalArticle 978-1-890843-20-5 INSPEC Accession Number: 10892227 http://hdl.handle.net/1721.1/59297 Eesley, C.E., and E.B. Roberts. “Cutting your teeth: The beginning of the learning curve.” Management of Engineering & Technology, 2009. PICMET 2009. Portland International Conference on. 2009. 1858-1874. © 2009, IEEE https://orcid.org/0000-0003-0435-6525 en_US http://dx.doi.org/10.1109/PICMET.2009.5261956 Portland International Conference on Management of Engineering & Technology Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Institute of Electrical and Electronics Engineers IEEE |
| spellingShingle | Roberts, Edward B. Eesley, Charles E. Cutting your teeth: the beginning of the learning curve |
| title | Cutting your teeth: the beginning of the learning curve |
| title_full | Cutting your teeth: the beginning of the learning curve |
| title_fullStr | Cutting your teeth: the beginning of the learning curve |
| title_full_unstemmed | Cutting your teeth: the beginning of the learning curve |
| title_short | Cutting your teeth: the beginning of the learning curve |
| title_sort | cutting your teeth the beginning of the learning curve |
| url | http://hdl.handle.net/1721.1/59297 https://orcid.org/0000-0003-0435-6525 |
| work_keys_str_mv | AT robertsedwardb cuttingyourteeththebeginningofthelearningcurve AT eesleycharlese cuttingyourteeththebeginningofthelearningcurve |