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BU professor garners award, society induction

Nov. 16, 1999

Award presented

during conference



Dr. Elisabeth J. Teal, assistant professor of management and entrepreneurship, was recently awarded the 1999 Heizer Certificate for Outstanding Research in New Enterprise Development for scrutinizing the success formulas of America's fastest-growing publicly-owned companies.

The award, presented to Teal during the 1999 Academy of Management conference held recently in Chicago, makes

her the 23rd member inducted into the Heizer Society.

Teal won the award based on her doctoral dissertation titled, 'The Determinants of New Venture Performance: Strategy, Industry Structure, and the Founding Entrepreneurial Team.'

In her dissertation she examines the factors behind the venture success of more than 125 of these companies in the United States as listed by INC. magazine in the annual INC. 100 over the period from 1992 to 1994.

'I decided to write about publicly owned companies because they were easier to get information on,' Teal said. 'Performance information is more readily available on companies that are rapidly growing.'

Her research was supported through one of the 10 dissertation grants awarded by the Center for Entrepreneurial Leadership at the Missouri-based Ewing Marion Kauffman Foundation.

'Dr. Charles W. Hofer, Regents Professor of Strategy and Entrepreneurship at the University of Georgia, helped me with my dissertation,' Teal said.

Hofer, a former professor of Teal's, has had several students receive the award in the past.

According to Teal, it took a number of years of hard work to compile her dissertation.

'It is a tremendous honor to receive the award,' Teal said. 'I felt the award represented years of hard work.'

The award is offered every year, but not necessarily given out, further adding to its honor. The Entrepreneurship Division of the Academy of Management asks for dissertations that fit its criteria, and that group is narrowed down.