Inductive Modelling of an Entrepreneurial System

Research output: Chapter in Book/Report/Conference proceedingConference Contribution (Conference Proceeding)


We describe the development of a novel approach to generating theory about the behaviour of an entrepreneurial or start-up system. The new technology business creation system in and around the cities of Bath and Bristol in the UK was analysed using an inductive modelling approach that hybridises grounded theory with system dynamics, a technique we have called grounded systems modelling. Three models that represent the stages of development of an idea through to successful exploitation have been derived from the data – i) Spotting an opportunity, testing and validation; ii) Realistic equity position, and iii) Scale up and exit. From these models a number of useful dynamic hypotheses have been developed which can be tested by suitable longitudinal studies. The results are discussed in the context of entrepreneurial research and a critique of the methodology is offered.
Translated title of the contributionInductive Modelling of an Entrepreneurial System
Original languageEnglish
Title of host publicationThe 28th International Conference of the System Dynamics Society. Seoul, Korea
PublisherThe System Dynamics Society
Number of pages18
ISBN (Print)9781935056065
Publication statusPublished - 2010

Bibliographical note

Conference Proceedings/Title of Journal: Proceedings of the 28th International Conference of the System Dynamics Society
Conference Organiser: The System Dynamics Society

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