Table of Contents

World Encyclopedia of Entrepreneurship

World Encyclopedia of Entrepreneurship

Elgar original reference

Edited by Léo-Paul Dana

This comprehensive reference work, written by some of the most eminent academics in the field, contains entries on numerous aspects of entrepreneurship.

Chapter 35: Learning Business Planning

P. Kyrö and M. Niemi

Subjects: business and management, entrepreneurship

Extract

P. Kyrö and M. Niemi The objective of the constructive learning business planning (LBP) research project is to provide a novel application for learning business planning that considers learning as a process of innovative, opportunity recognition, development of individual readiness and abilities by adopting intelligent, human-like, non-linear soft computing. The traditional business planning literature is somewhat normative, and, as Carrier (2005) argues, it neglects aspects of innovation and creativity. Some research findings indicate that there is actually only a tenuous relationship between business planning and performance (Karlsson, 2005) while others showing no significant relationship between these two (Carter et al., 1996; Delmar and Shane, 2004). Hindle (1997) suggests that the normative nature and linear logic of business planning easily leads to reductionism and inhibits an integrated approach to planning. It is therefore suggested that we indeed face a challenge to improve both the business planning models and our teaching practices. In order to study how to overcome these problems and to advance this dialogue, we apply a constructive problem-solving orientated research approach. Lukka (2001) argues that the basic nature of the constructive research approach concerns problem-solving, which provides solutions as an outcome of the interplay between practice and theories. The constructive approach relies on heuristic innovations, thus differing from a decisionoriented approach to problem solving. This approach aims to solve a real-world problem by implementing a new construct, which, according to Lukka (2001), should contribute both practice and theories. As a result we have developed a new, non-linear, five-phase, two-layer...

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