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The Nature of Theory - Lab Report Example

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The Nature of Theory

He also added that a theory must hit a balancing point between comprehensiveness and memorability. Finally, theory construction is social construction, often after the fact (Di Maggio, 1995).
On the other hand, Karl E. Weick (1995), instead of opposing Sutton and Staw's five-part assumption regarding "what theory is not", he rather reiterated that those five entities (references, data, variables, diagrams, and hypotheses), in their respective rites, do contribute in the professed process of "theorizing". ...Show more

Summary

Spin-out" refers to "an entrepreneurial venture by an ex-employee", more specifically, "a distinctive class of entrepreneurial entrants that inherit knowledge from industry incumbents through their founders" (Agarwal et al., 2004: 2).
The (1) knowledge spillovers as the source of new firm formation, (2) inherited knowledge as the source of a new firm's know-how, and (3) the impact of genesis on new firm outcome are the three theoretical streams that form the basis for each of the authors' hypotheses relating to spin-out generation, development and survival (Agarwal et al., 2004: 5).
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