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Entrepreneurial Firms (entrepreneurial + firm)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting90%

Selected Abstracts

Different ties for different needs: Recruitment practices of entrepreneurial firms at different developmental phases

HUMAN RESOURCE MANAGEMENT, Issue 4 2003
Aegean Leung
Entrepreneurial firms face significant challenges in attracting and acquiring needed human resources. That is, in addition to difficulties associated with resource constraints and organization legitimacy, the requirements for "person-organization fit" change substantially as these firms transit from start-up to growth phase. This study examines how entrepreneurial firms tap evolving social network ties in order to address "needs-and-fits" issues across different developmental stages of the firm. The findings go beyond what "strength of weak ties" and "structural hole" theories would suggest, and highlight the persistent use of strong and direct ties across developmental phases. © 2004 Wiley Periodicals, Inc. [source]

R&D spillovers and strategic delegation in oligopolistic contests

MANAGERIAL AND DECISION ECONOMICS, Issue 3 2004
Matthias Kräkel
Considering oligopolistic contests with R&D spillovers and strategic delegation three results can be obtained: (1) There exist multiple asymmetric equilibria where one owner highly favors sales as a basis for his manager's incentives which drives the other firm out of the market. (2) If R&D spillovers are zero, a managerial firm will have a strong strategic advantage when competing with an entrepreneurial firm. If both owners endogenously decide about delegation, each owner's dominant strategy will be to delegate, given that the manager's reservation value is not too large. (3) If R&D spillovers are maximal, collusive market outcomes become very likely, which makes strategic delegation less important. Copyright © 2004 John Wiley & Sons, Ltd. [source]

The Relationship Among Biases, Misperceptions, and the Introduction of Pioneering Products: Examining Differences in Venture Decision Contexts

ENTREPRENEURSHIP THEORY AND PRACTICE, Issue 2 2002
Mark Simon
Although biases influence the decision to take entrepreneurial actions, studies have not differentiated among entrepreneurial decision environments. These environments vary greatly and affect which biases arise and their context-specific consequences. Focusing on the role of firm size, age, and type of product introduction, we propose that entrepreneurs in smaller, younger, firms, who are considering pioneering, are more likely to exhibit illusion of control, law of small numbers, and reasoning by analogy. These biases contribute to underestimating competition, overestimating demand, and overlooking requisite assets. We hope to spur researchers to examine information processing across different types of entrepreneurial firms and actions. [source]

How States Augment the Capabilities of Technology,Pioneering Firms

GROWTH AND CHANGE, Issue 2 2002
Maryann P. Feldman
State governments offer a variety of programs to assist technology intensive entrepreneurial firms yet there is a limited understanding of how firms use these programs. This paper provides a framework for categorizing state technology programs and uses detailed case studies to examine how these programs augment firms' capabilities. It is concluded that firms made extensive use of state programs that provide access to university intellectual property and research facilities. In addition, firms participated in programs that provided incentives for faculty to conduct joint research with industry. Finally, state venture capital programs, though small relative to federal R&D grants or venture capital, appear to nurture firms' development. [source]

Different ties for different needs: Recruitment practices of entrepreneurial firms at different developmental phases

HUMAN RESOURCE MANAGEMENT, Issue 4 2003
Aegean Leung
Entrepreneurial firms face significant challenges in attracting and acquiring needed human resources. That is, in addition to difficulties associated with resource constraints and organization legitimacy, the requirements for "person-organization fit" change substantially as these firms transit from start-up to growth phase. This study examines how entrepreneurial firms tap evolving social network ties in order to address "needs-and-fits" issues across different developmental stages of the firm. The findings go beyond what "strength of weak ties" and "structural hole" theories would suggest, and highlight the persistent use of strong and direct ties across developmental phases. © 2004 Wiley Periodicals, Inc. [source]

Revisiting the Emergence of the Modern Business Enterprise: Entrepreneurship and the Singer Global Distribution System

JOURNAL OF MANAGEMENT STUDIES, Issue 7 2007
Mark Casson
abstract This paper approaches the question of why entrepreneurial firms exist from a broad business historical perspective. It observes that the original development of the modern business enterprise was very strongly associated with entrepreneurial innovation rather than an extension of managerial routine. The widely-used theory of the entrepreneur as a specialist in judgmental decision making is applied to the particular point in time when entrepreneurs had to develop novel organizational designs in what Chandler described as the prelude to the ,managerial revolution'. The paper illustrates how the theory of entrepreneurship then best explains the rise of the modern corporation by focusing on the case study of vertical integration par excellence, Singer. [source]

Organizational Dynamic Capability and Innovation: An Empirical Examination of Internet Firms

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 3 2009
Jianwen (Jon) Liao
This paper extends the dynamic capability perspective into the study of innovation by entrepreneurial firms. Drawing from both the resource-based view and the dynamic capability perspective, this paper explores theoretically and examines empirically the different roles played by a firm's resource stock (endowment of resources and capabilities) and its integrative capabilities (ability to recognize opportunities as well as to configure and deploy resources) in the process of firm innovation. Our structural equation modeling results, based on a sample of 120 Internet-based companies, indicate that both the firm's resource stock and integrative capabilities affect its innovation. Additionally, we also found that the relationship between resource stock and innovation is mediated by integrative capabilities. That is, merely possessing well-endowed resource stock per se is not sufficient for innovation. Thus, it is the firm's ability to mobilize its resources and capabilities and align them dynamically with the changing opportunities in the environment that is of vital importance as the firm constantly innovates to survive and create its own competitive advantage. In the hypercompetitive and fast changing Internet-based environment, such a need for dynamic capabilities is especially accentuated. Implications and suggestions for future research are provided. [source]

Knowledge Combination and Knowledge Creation in a Foreign-Market Network

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 2 2009
Daniel Tolstoy
This article rests on the idea that knowledge is dispersed among different individuals and entities. For international entrepreneurial firms to create new knowledge, they need to find ways to combine these dispersed bits of knowledge. Because of the notion that resource constraints make international entrepreneurial firms dependent on external knowledge, it is assumed that a portion of knowledge combination takes place in networks. The purpose of this article was to investigate the prospective impact network knowledge and knowledge combinations have on entrepreneurial firms' knowledge creation. Three hypotheses are developed and tested in a structural equation model, using linear structural relations (LISREL, Scientific Software International, Inc.). [source]

Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advantage

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 2 2006
David B. Audretsch
The resource theory of the firm implies that knowledge is a key resource bestowing a competitive advantage for entrepreneurial firms. However, it remains rather unclear up to now how new ventures and small businesses can access knowledge resources. The purpose of this study was to suggest two strategies, in particular, that facilitate entrepreneurial access to and absorption of external knowledge spillovers: the attraction of managers and directors with an academic background. Based on data on board composition of 295 high-technology firms, the results clearly demonstrate the strong link between geographical proximity to research-intense universities and board composition. [source]

Organizational Learning: An Empirical Assessment of Process in Small U.K. Manufacturing Firms

JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 2 2001
Ians Chaston
Organizational learning is increasingly being mentioned in the literature as a mechanism for assisting small firm survival. There exists, however, limited empirical evidence to validate the benefits claimed for the concept. A survey of small U.K. manufacturing firms was undertaken to ascertain whether entrepreneurial firms use higher-order (or double-loop) learning. Additional research aims included assessing whether organizational learning confers information management advantages and contributes to the upgrading of managerial competencies. The results suggest entrepreneurial firms do utilize higher-order learning and are able to manage information more effectively than non-entrepreneurial firms. Some evidence was found to support the view that higher-order learning influences certain managerial competencies. The implications of these findings are discussed and proposals presented on the needs for further research [source]