The origin and the evolution of strategy practices in entrepreneurial ventures
نویسنده
چکیده
This paper contributes to strategic management research though exploring the origin and the evolution of strategy practices in entrepreneurial ventures. It is based on a case study of eight IT software and services firms in Finland. This paper demonstrates that strategy practices in new ventures are very different from each other and that their nature is dependent on the experience, education level and the personality of the CEO and the founding team members. However, as the entrepreneurial ventures grow, they all tend to initiate more formal strategy practices. This paper indicates that radical changes in strategy practices are rare, they only take place when the firm needs to completely renew its strategy. The radical change in strategy practices occurs typically through the firm hiring a new CEO or an external strategy consultant.
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