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Translating knowledge in new entrepreneurial ventures: the role of business plan development

Dal Mas, Francesca; Massaro, Maurizio; Paoloni, Paola; Kianto, Aino (2021-09-02)

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dal_mas_et_al_translating_knowledge_aam.pdf (533.7Kb)
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Post-print / Final draft

Dal Mas, Francesca
Massaro, Maurizio
Paoloni, Paola
Kianto, Aino
02.09.2021

VINE Journal of Information and Knowledge Management Systems

Emerald Publishing

School of Business and Management

https://doi.org/10.1108/VJIKMS-04-2021-0060
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2021090645231

Tiivistelmä

Purpose
This paper aims to analyse the role of business plan development as a knowledge translation tool, especially for the creation of start-ups. In a complex knowledge ecosystem populated by multiple diverse and autonomous actors (such as potential entrepreneurs, local companies, local public entities and business consultants) bonded together by a joint search for valuable knowledge, business plan development can work as a powerful enabler for the translation of knowledge.

Design/methodology/approach
The study uses a qualitative multi-case study approach by examining the results of a public programme devoted to the creation of new entrepreneurial ventures. The authors analysed 418 complete business plans and followed up with all the participants with an interview. In total, 40 cases were investigated more in detail.

Findings
Results show how business plan development can function as a bridge between academic, theoretical and general knowledge on start-up creation on the one hand and practical contextualised activities of potential entrepreneurs on the other.

Practical implications
The process of knowledge translation is crucial to ensure that relevant knowledge coming from both the inside (the entrepreneur) and outside (the stakeholders) of the organisation is effectively applied. To facilitate the translation process, key knowledge users should be supported in contextualising and making sense of the research knowledge. Initiatives carried out by local entities and other actors, gathering several stakeholders to develop business plans, can become valuable opportunities to facilitate the translation process for start-up development.

Originality/value
The paper contributes to knowledge management and knowledge translation literature by demonstrating the role of business plan development as an effective knowledge translation enabler. It also adds to the understanding of innovation management and entrepreneurial education by proving the relevance of the translation of knowledge for the creation of new business ventures.

Lähdeviite

Dal Mas, F., Massaro, M., Paoloni, P., Kianto, A. (2021). Translating knowledge in new entrepreneurial ventures: the role of business plan development. VINE Journal of Information and Knowledge Management Systems. DOI: 10.1108/VJIKMS-04-2021-0060

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