Search results for "New ventures"
showing 10 items of 23 documents
Multidimensional social capital in new ventures
2013
This paper analyzes and provides empirical evidence on how three different dimensions of social capital (structural, relational, and resources) have a direct causal relation on the performance of financial service start-ups. To this end, a structural equation model is estimated and validated from a database, including information from 142 Argentinean entrepreneurs who answered a questionnaire specifically designed for this research. The main finding of the paper is that the main source of value of social capital for an entrepreneur is the existence of high-quality links. Moreover, the quality of the entrepreneur's links is even more important than their quantity. This conclusion has relevan…
Effectual tactics in digital intrapreneurship: A process model
2020
Abstract Uncertainty and the pursuit of new ventures are intricately linked. Digital technologies open up new ways for uncertainty handling in the pursuit of novelty. In this paper, we develop a process model that traces the dynamics among uncertainty, digitally enabled tactics, and organizational novelty. The model points to the potential of technologies that are evocative, disposable, and responsive for venturing in complex, uncertainty-ridden contexts. Our research builds on extant conceptualizations of complexity in innovation journeys, in conjunction with perspectives on effectual entrepreneurial tactics. Empirically, we investigate uncertainty handling through a longitudinal case stud…
Navigating uncharted waters: Designing business models for virtual and augmented reality companies in the medical industry
2021
Abstract New technologies are at the heart of industry transformation. Virtual and augmented reality companies provide fundamentally new ways of communication, treatment, education, and specialist training within the medical industry. However, business models for new ventures that target the medical industry have received scant attention within academic research. Using a multiple case study approach, we analyze how virtual and augmented reality firms create value for their customers in the medical industry. In all, we have studied eight companies that offer different types of solutions for their target segments. The results of the analysis are four design elements consisting of twelve posit…
Knowledge flow in Technological Business Incubators: Evidence from Australia and Israel
2015
The study of the contribution of incubators to economic growth started to gain momentum in the 1980s, following the growth of the incubation phenomenon. While acknowledging the challenge of evaluating incubators׳ outcomes, we shift the focus from incubators׳ performance to their internal processes, in particular, the interrelationships through which the incubator stakeholders share knowledge. The literature suggests that small new ventures tend to fail because they lack managerial experience and ability to raise capital in an early stage. Incubators are expected to overcome these obstacles by offering experienced monitoring skills and by enhancing access to capital at a firm׳s early stage. …
Geographic, cultural, and psychic distance to foreign markets in the context of small and new ventures
2015
Abstract More often than one might expect, small and new ventures, which already suffer from few resources and a lack of industry legitimacy, take on the additional uncertainties of entry into foreign markets. Some of these foreign entries involve countries that are geographically distant and culturally different from the firm's home country, making foreign market entry all the more difficult and uncertain. Recent studies have criticized prior academic approaches to understanding these difficulties. Insights may be limited if one uses merely the concept of distance and looks primarily for main effects. Entry by new and small ventures into distant foreign markets is complex, and the factors …
A new tool to classifying new technology-based firm prospects and expectations
1999
Abstract This is an exploratory insight into the profile and prospects of growth and success attached to one category of firms, the so-called New Technology-Based Firms (NTBFs). Analysis of our empirically based data from 30 NTBFs leads us to the Market-Technology-Entrepreneurial (M-T-E) Matrix, whose eight three-dimensional quadrants serve to classify high-tech new ventures by performance. A factorial analysis coupled with a discriminate analysis are the statistical tools employed in obtaining the M-T-E Matrix and ascribing predictive capacity to it.
Entrepreneurial education: an entrepreneurial ecosystem approach
2020
Abstract How can an entrepreneurial education program simultaneously create entrepreneurial knowledge, skills and competencies, as well as new ventures and jobs? This is a particular challenge for universities that are keen to align with government policies and demonstrate impact. Our paper examines a novel approach to enterprise and entrepreneurship education that integrates training/learning with new venture creation by operating as an entrepreneurial ecosystem (EE). We outline a comprehensive EE framework and apply this model using an exploratory case study of an EE centred around an innovative academic unit called The Entrepreneurial Garden (TEG) at Burgundy School of Business in Dijon,…
On the signaling effect of reward-based crowdfunding: (When) do later stage venture capitalists rely more on the crowd than their peers?
2021
Abstract Venture capitalists (VCs) make only a small number of investments and are more likely to invest in ventures where other VCs have invested previously. As such, valuable opportunities may be forgone if they are not funded by VCs in the first place. We demonstrate how crowdfunding (CF) can remedy this concern. Using a sample of new technology-based ventures, we reveal that ventures initially funded through reward-based CF can be even more likely than those initially backed by VCs in attracting follow-up funds from VCs. This happens when ventures originally funded via reward-based CF complement the certification they derive from CF with patents and a founding team with a track record o…
A Review of Born globals
2018
AbstractThis article synthesizes and categorizes twenty years of research on “International New Ventures” and “Born Globals” (INV/BG). A total of 7,793 citations are used to create a citation map consisting of the field’s top contributions. These citations are, then, used to identify the most influential articles—276 articles published in 45 ISI ranked journals. We employ bibliometric co-citation analysis to distinguish six distinct research streams including “International intensity and Global diversity,” “Market Orientation,” “Entrepreneurial Perspectives,” “Capabilities,” “Networks and Social Capital,” and finally, “Strategic Choices and Environmental factors.” Based on our findings, we …
Running faster and jumping higher? Survival and growth in international manufacturing new ventures
2018
Going international early is increasingly the choice of new ventures in manufacturing industries. However, does earliness provide a positive outcome for internationalisation? To answer this, we have longitudinally analysed 3181 manufacturing new ventures established between 2002 and 2012. Using Cox regressions, we found that the 124 late internationals had the lowest risk of failure, while the 229 early internationals could not compensate for their mortality risk with significantly higher levels of growth in the post-internationalisation period. We discuss why an early internationalisation is more perilous than beneficial and provide some suggestions for the internationalisation of new ven…