![]() ![]() " Strategic Decision Processes in High Velocity Environments: Four Cases in the Microcomputer Industry," Journal of Business Venturing, Elsevier, vol. " New firm gestation: Conception, birth, and implications for research," " Manufacturing Strategy, Environmental Uncertainty and Performance: A Path Analytic Model," " Network Support and the Success of Newly Founded Businesses," Bruderl, Josef & Preisendorfer, Peter, 1998.Strategic Management Journal, Wiley Blackwell, vol. " Does business planning facilitate the development of new ventures?," ![]() Copyright Springer 2006 Suggested Citation In addition, the likelihood of venture persistence increased when nascent entrepreneurs engaged in planning early in the sequence of start-up activities in perceived uncertain financial and competitive environments, while venture persistence increased when nascent entrepreneurs engaged in planning late in a sequence of activities in perceived certain financial and competitive environments. Panel Study of Entrepreneurial Dynamics (PSED), our analyses found a strong main effect for business planning: Nascent entrepreneurs who completed a business plan were 2.6 times more likely to persist in the process of business emergence than those who did not complete a plan. This paper explores the effects of when pre-venture planning occurs (early or late) in the sequence of activities accomplished during the process of new business emergence, and the moderating effects of environmental context (the degree of perceived financial, competitive and operational uncertainty), on the persistence of emerging business startup efforts.
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