Corporate Governance, Roles, and Future Directions: New Venture Creation of Autonomous and Dependent Entrepreneurial Scientists

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Dr. William P Racine
Dr. William P Racine
1 Malone University

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A conflict in scientific entrepreneurship has arisenover the propriety of scientific advancements, businessgovernance, and the resulting commercialization of scientific innovations. Some research indicates that the commercialization activities display asymmetric convergence because industry appears to have a more influential role in the exploitation of these innovations. Yet, the research does not differentiate the types of commercialization activities and assumes that all forays into scientific entrepreneurship are comparable. This research aims to explore these contentions and differentiate two groups of scientific entrepreneurs based on their lived experience. This research indicates that, while the essence of the experience is the same, these groups of scientific entrepreneurs have different experiences based on their roles and the conflicts related thereto, witness varying control issues over the fate and delivery of their innovation due to the influences of investor relations, and exhibit differing visions for the future based on their experience. This research provides evidence and advances the theory that scientific entrepreneurs need to be segregated by the influence of their investor relationships because of the differences these relationships impose on their lived experience.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Dr. William P Racine. 1970. \u201cCorporate Governance, Roles, and Future Directions: New Venture Creation of Autonomous and Dependent Entrepreneurial Scientists\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 12 (GJMBR Volume 12 Issue B1): .

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GJMBR Volume 12 Issue B1
Pg. 39- 52
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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A conflict in scientific entrepreneurship has arisenover the propriety of scientific advancements, businessgovernance, and the resulting commercialization of scientific innovations. Some research indicates that the commercialization activities display asymmetric convergence because industry appears to have a more influential role in the exploitation of these innovations. Yet, the research does not differentiate the types of commercialization activities and assumes that all forays into scientific entrepreneurship are comparable. This research aims to explore these contentions and differentiate two groups of scientific entrepreneurs based on their lived experience. This research indicates that, while the essence of the experience is the same, these groups of scientific entrepreneurs have different experiences based on their roles and the conflicts related thereto, witness varying control issues over the fate and delivery of their innovation due to the influences of investor relations, and exhibit differing visions for the future based on their experience. This research provides evidence and advances the theory that scientific entrepreneurs need to be segregated by the influence of their investor relationships because of the differences these relationships impose on their lived experience.

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Corporate Governance, Roles, and Future Directions: New Venture Creation of Autonomous and Dependent Entrepreneurial Scientists

Dr. William P Racine
Dr. William P Racine Malone University

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