The too-much-of-a-good-thing effect of new ventures' opportunity development on innovation strategy under the Chinese context

2021 ◽  
Vol 28 (2) ◽  
pp. 286-308
Author(s):  
Miaomiao Yin ◽  
Bingyu Zhou
Keyword(s):  
New Ventures ◽  
Innovation Strategy ◽  
Content Type ◽  
Chinese Context ◽  
Moderating Variables ◽  
Opportunity Discovery ◽  
Key Factor ◽  
Entrepreneurial Activities ◽  
Business Ties ◽  
Opportunity Creation

PurposeThe purpose of this research is to reveal how to improve the quality of entrepreneurship by exploring the key factor, opportunity development, impacting the innovation strategy of new ventures. It also introduces political and business ties as moderating variables to reveal the uniqueness of entrepreneurial activities in the Chinese context.Design/methodology/approachEmpirical data from 215 entrepreneurs and top executives in Chinese new ventures were gathered through a survey and the statistical method used is the regression model.FindingsThe empirical results indicate that: (1) new ventures' opportunity creation positively impacts innovation strategy, while opportunity discovery has a curvilinear (inverted U-shape) impact on innovation strategy; (2) the relationship between opportunity development and innovation strategy is moderated by political and business ties.Originality/valueThis research analyzes and compares the effect of opportunity discovery and opportunity creation on new ventures' innovation strategy. This research further offers an in-depth understanding of the influence mechanism between opportunity development and innovation strategy among Chinese new ventures. Further, the results provide practical guidance for new ventures to develop innovation strategies and for Chinese governments to make entrepreneurial policies.

The case of motivprints: balancing entrepreneurial instinct with managerial approach

2020 ◽  
Vol 10 (2) ◽  
pp. 1-16
Author(s):  
Kedar Bhatt ◽  
Abhinava S. Singh
Keyword(s):  
Growth Stage ◽  
New Ventures ◽  
Development Program ◽  
Master's Level ◽  
Executive Development ◽  
Content Type ◽  
Academic Level ◽  
Permanent Staff ◽  
Entrepreneurial Activities ◽  
Made In

Learning outcomes After studying this case, the students/participants would be able to: discuss important personality traits of an entrepreneur; understand specific challenges faced by a venture as it moves toward higher growth stage; discuss the importance of strategic planning and managerial style as the ventures move from establishment stage to growth stage. Case overview/synopsis The case is about MotivPrints, a two years old venture, offering custom designing and commercial printing to businesses in Gujarat, India. MotivPrints was established by Himanshu Dhadnekar in 2016 and had 85 SME clients and 35 vendors by 2019. Himanshu, a young entrepreneur had been involved in entrepreneurial activities since his school days and was also involved in a couple of business ventures during his MBA. However, he had been flip-flopping as an employee and entrepreneur, as then. At MotivPrints, he handled key responsibilities of developing client networks, generating business, marketing and managing relationship with vendors. With limited support of a team of freelancer associates, no permanent staff for assistance and lack of funds made it imperative for Himanshu to plan for scaling up his venture for survival and growth. Could he envision MotivPrints as a larger entity? If yes, what changes, mandated by growth, were needed to be made in both – the entrepreneur and the organization? Complexity academic level The case can be discussed in the class of entrepreneurship at the master’s level. It can also be used in the entrepreneurship specialization course in the second year of post-graduation. The case can be also be used for young entrepreneurs in an executive development program focusing on new ventures. Supplementary materials Teaching notes are available for educators only. Subject code CSS: 3 Entrepreneurship.

Innovation for a (high-tech) nation

2018 ◽  
Vol 34 (12) ◽  
pp. 12-14
Keyword(s):  
Competitive Advantage ◽  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
New Ventures ◽  
Innovation Strategy ◽  
High Tech ◽  
Content Type ◽  
Pertinent Information ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings High-tech new ventures are typically beset by significant challenges in their marketplaces. Using effectuation, innovation strategy and the moderating force of opportunity shaping, they are able to gain competitive advantage. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

The impact of gender and culture on networking and venture creation

2017 ◽  
Vol 24 (2) ◽  
pp. 332-349 ◽  
Author(s):  
Tugba Kalafatoglu ◽  
Xavier Mendoza
Keyword(s):  
Women Entrepreneurs ◽  
Entrepreneurial Activity ◽  
Structured Interviews ◽  
African Region ◽  
Female Entrepreneurship ◽  
Content Type ◽  
Key Factor ◽  
Entrepreneurial Activities ◽  
The Impact ◽  
Entrepreneurial Networking

Purpose To date, little research has been focused on the nature and dynamics of female entrepreneurial networking activity. Thus, the purpose of this paper is to examine how gender and culture affect business creation, how women perceive social capital, and how important their personal networks are for their businesses, especially in the context of patriarchal societies. Design/methodology/approach Semi-structured interviews were conducted with women entrepreneurs living and operating businesses in Turkey and in four countries of the Middle East and North African region, namely, Lebanon, Saudi Arabia, Morocco, and Egypt. Findings The results indicate that being a woman entrepreneur in a highly patriarchal society limits entrepreneurial activities due to culture and social norms. However, networking appears as the key factor for these women entrepreneurs to overcome the barriers that they face, such as access to capital, financial information, resources, and new business opportunities. Research limitations/implications This study has limitations that tend to be commonly found in exploratory studies, so you cannot make generalizations. However, the findings lay the groundwork for future studies to examine the role of networking activity in female entrepreneurship in the context of patriarchal societies. Practical implications The findings are helpful for policymakers and other social groups interested in improving the conditions for female entrepreneurship. Governments and other economic actors need to provide training in both management and networking skills, encourage local businesses and associations to provide their venues for networking opportunities, and also provide support to women business organizations. Social implications Women’s entrepreneurship is growing, but still there is a scarcity of scholarly literature on the women entrepreneurs and their entrepreneurial activity. Originality/value This research provides empirical evidence of the nature and dynamics of female entrepreneurial networking activity in the context of patriarchal societies.

The effect of entrepreneurial context on the performance of new ventures

2015 ◽  
Vol 9 (2) ◽  
pp. 197-220 ◽  
Author(s):  
Song Lin ◽  
Edward G. Rogoff ◽  
Check-Teck Foo ◽  
Xiaoyuan Liu
Keyword(s):  
Model Building ◽  
Chinese Philosophy ◽  
New Ventures ◽  
Theory And Practice ◽  
Entrepreneurial Activity ◽  
Chinese History ◽  
Success Rates ◽  
Content Type ◽  
Entrepreneurial Activities ◽  
The Impact

Purpose – This empirical study aims to test the impact of four types of entrepreneurial context on the growth and success rates of new ventures in China and related the findings to the theory and practice of entrepreneurship dating back 2,500 years to ancient China. Design/methodology/approach – After describing the business guidelines given by Fan Li, an entrepreneurial merchant selling Chinese medicines in ancient times, a conceptual framework was extracted as the basis for a discussion of the relationship between entrepreneurial context and entrepreneurial activity. Entrepreneurial context was conceptualized as being composed of family, social, business and institutional components. Five hypotheses about the influence of these different context variables on entrepreneurial activities were developed. From data compiled from the sampling of 239 business entrepreneurs in Beijing, a hierarchical regression was formed and the hypotheses tested. Findings – The impact of entrepreneurial context on entrepreneurial activity can be divided into two layers, internal factors (e.g. family context) which are similar to “yin” (?) in the traditional Chinese philosophy while external factors (e.g. business, social and institutional contexts) were like “yang” (?). The two factors play different roles in entrepreneurial activities, while different contexts mediate and moderate each other in complex ways. Research limitations/implications – Research limitations pertain to the size and locale of the sample. A larger sample that involved subjects from different regions would facilitate a wider understanding of the effects of entrepreneurial context upon the entrepreneurial process. Originality/value – The theory of entrepreneurial context is in its beginning stages, and the paper completed a systematic study of entrepreneurial context through theoretical model building using large-sample empirical research. In addition, the paper is the first ever to relate the theory and practice of entrepreneurship back 2,500 years. Through a multi-research methodology, the study clearly shows the critical importance of integrating Chinese history into the development of management theory.

Effectuation, opportunity shaping and innovation strategy in high-tech new ventures

2019 ◽  
Vol 57 (1) ◽  
pp. 115-130 ◽  
Author(s):  
Runping Guo
Keyword(s):  
Theoretical Model ◽  
New Ventures ◽  
Innovation Strategy ◽  
High Tech ◽  
Model Assessment ◽  
Content Type ◽  
Mediating Role ◽  
Moderation Model ◽  
The Impact ◽  
Positive Effect

PurposeInnovation strategy is critical for firms to achieve success in the market. However, relatively little is known about what factors promote the development of innovation strategy in high-tech new ventures. The purpose of this paper is to address this gap by developing and examining the theoretical model that links effectuation to innovation strategy through opportunity shaping in high-tech new ventures.Design/methodology/approachThe proposed theoretical model is developed by integrating the effectuation theory, innovation strategy literature and opportunity literature. Empirical data were collected from 212 entrepreneurs and top executives in Chinese high-tech new ventures through a survey. Baron and Kenny’s (1986) mediation and moderation model assessment procedures are used to analyze the data.FindingsThe empirical results indicate that effectuation has a positive effect on innovation strategy and opportunity shaping. Opportunity shaping has a positive effect on innovation strategy, and its effect is positively moderated by competitive intensity. The author also finds that opportunity shaping plays a fully mediating role in the relationship between effectuation and innovation strategy.Originality/valueThese findings enrich innovation strategy research and advance the effectuation theory by providing empirical evidence of the impact of effectuation on innovation strategy in high-tech new ventures. The findings also contribute to a growing stream of research on opportunity and integrating opportunity shaping into a more complete framework of innovation. Moreover, this research provides deeper insight into the missing links between effectuation and innovation strategy in high-tech new ventures by uncovering the mediating role of opportunity shaping.

Exploring the factors responsible in predicting entrepreneurial intention among nascent entrepreneurs

2019 ◽  
Vol 9 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Preeti Tiwari ◽  
Anil K. Bhat ◽  
Jyoti Tikoria ◽  
Kaustav Saha
Keyword(s):  
Self Efficacy ◽  
Research Study ◽  
New Ventures ◽  
Entrepreneurial Intention ◽  
Educational Background ◽  
Nascent Entrepreneurs ◽  
Relative Significance ◽  
Content Type ◽  
Indian Context ◽  
Entrepreneurial Activities

Purpose The purpose of this paper is to identify the entrepreneurial intention (EI) among nascent entrepreneurs in the Indian context by using Shapero’s theory of entrepreneurial event as the research framework. Design/methodology/approach A 34-item questionnaire was responded to 250 nascent entrepreneurs who are engaged in executing the new business idea or creating new ventures and enroled in the universities in India. The questions measured perceived desirability, perceived feasibility, entrepreneurial educational background, entrepreneurial self-efficacy, perceived social pressure and previous work experience in entrepreneurial activities towards entrepreneurship intention. The data were collected by employing a systematic random sampling method. The sample represents 174 male and 76 female nascent entrepreneurs belonging to various disciplines. Structural equation modelling has been used for data analysis. Findings The results show that the proposed model in the present study explains 51 per cent of the variance, explaining the entrepreneurship intention. Entrepreneurial self-efficacy was found to be the strongest predictor of EI (β=0.397 at p<0.001) followed by previous experience in entrepreneurial activities (β=0.285 at p<0.001). Research limitations/implications More than limitation this research study adds to the existing literature of the EI by using a different set of the sample. Mostly EI studies used student sample to measure intentions. Kolvereid and Isaksen used a sample of entrepreneurs to measure EI and achieved very different results. Therefore, this research study extends the work of Kolvereid and Isaksen by using a sample of nascent social entrepreneurs. Practical implications The finding of this research study will facilitate policy makers and educators to promote entrepreneurial activities at the university level. Based on the results and findings of the study, the educators may improve upon the support system to help and motivate students to opt for social entrepreneurship as their career choice. Originality/value Ajzen (1988) emphasised that the relative significance of the antecedents of intention will vary depending on which stage of intention is under scrutiny. This is one of its kinds of research study that used a sample of nascent entrepreneurs in the Indian context. Findings of this research will be helpful in predicting how the intention process of nascent entrepreneurs works especially in developing countries.

How managerial ties impact opportunity discovery in a transition economy? Evidence from China

2019 ◽  
Vol 58 (2) ◽  
pp. 344-361
Author(s):  
Hai Guo ◽  
Jintong Tang ◽  
Zelong Wei
Keyword(s):  
Resource Management ◽  
Transition Economy ◽  
Content Type ◽  
Political Ties ◽  
Managerial Ties ◽  
Management Perspective ◽  
Opportunity Discovery ◽  
Optimal Distinctiveness ◽  
The Impact ◽  
Business Ties

Purpose By integrating the resource management perspective and the optimal distinctiveness perspective, the purpose of this paper is to explain how firms configure their managerial ties and competences to identify entrepreneurial opportunities. Design/methodology/approach Using survey data collected from 238 firms in a transition economy, this paper tests a model of firms’ exploration and exploitation competences under which managerial ties promote or constrain opportunity discovery. Findings The paper finds that managerial ties are positively related to opportunity discovery. More importantly, competence exploration strengthens the impact of business ties on opportunity discovery, whereas it weakens the impact of political ties. On the contrary, competence exploitation strengthens the effect of political ties on opportunity discovery, whereas it weakens the impact of business ties. Originality/value First, the findings enrich the social network perspective of opportunity recognition by linking managerial social ties to opportunity discovery in the context of a transition economy. Second, this paper adds to current understanding of the resource management perspective and the optimal distinctiveness perspective by exploring the fit between different managerial ties (business ties vs political ties) and different competences (exploration vs exploitation) in contributing to opportunity discovery.

Transnational ties and performance of immigrant firms: evidence from Central Italy

2020 ◽  
Vol 26 (8) ◽  
pp. 1787-1806 ◽  
Author(s):  
Jan Brzozowski ◽  
Marco Cucculelli
Keyword(s):  
Central Italy ◽  
Foreign Born ◽  
Content Type ◽  
Ethnic Business ◽  
Immigrant Entrepreneurs ◽  
Transnational Ties ◽  
Transnational Connections ◽  
And Performance ◽  
Entrepreneurial Activities ◽  
Business Ties

PurposeThe purpose of this study is to analyze the determinants of transnational business ties (i.e. ties with the country of origin) and to investigate their impact on the economic performance of immigrant firms.Design/methodology/approachBased on the representative survey conducted among 259 foreign-born immigrant entrepreneurs in Marche region (Central Italy), the study investigates the determinants of having transnational ties with countries of origin. Then it compares the effect of transnational ties and the effect of alternative domestic ethnic business ties on the performance of immigrant firms.FindingsThis study demonstrates that having transnational ties is more likely for individuals with former entrepreneurial experience in the home countries and with higher education acquired in Italy. The performance of immigrant firms in the 2014–2016 period (measured by the level of revenues) is positively related to transnational ties – this effect is very strong and significant. On the other hand, reliance on the domestic ethnic ties (i.e. ties with co-ethnic population in Italy) is one of the key factors that inhibits further growth of immigrant enterprises.Originality/valueThis study advances the understanding of how immigrant entrepreneurs create transnational business ties with their home countries. Additionally, this research contributes to the existing literature on immigrant entrepreneurship, by explaining the role of heterogeneous business ties: transnational connections, domestic ties with co-ethnic partners and ties with individuals from native population (in this case: Italy) for the entrepreneurial performance. Consequently, it offers recommendations for policy-makers willing to encourage entrepreneurial activities of immigrants in host countries and to their counterparts in home countries, who are planning to use the advantage diaspora entrepreneurial potential for the benefit of their economies.

Who lives longer? Startups vs spinoffs founded as proprietorships

2016 ◽  
Vol 22 (3) ◽  
pp. 416-435 ◽  
Author(s):  
Andrea Furlan
Keyword(s):  
Dynamic Capabilities ◽  
New Ventures ◽  
Complete Information ◽  
Hazard Rates ◽  
Initial Population ◽  
Shape Effect ◽  
Content Type ◽  
Entrepreneurial Activities ◽  
The Relationship ◽  
Lower Hazard

Purpose – Studies on spinoffs neglect firms founded by single individuals (i.e. proprietorships) thus overlooking a large portion of new ventures. Moreover, scholars usually do not consider the effect of the rank, and the amount, of founder’s working experience on spinoff’s survival. The purpose of this paper is to analyze a sample of 3,456 Italian manufacturing proprietorships. Design/methodology/approach – Out of an initial population of some 6,000 firms, the authors obtained a sample of 3,456 usable records with complete information about new ventures and founders’ background. The authors relied on the class of methods known as “proportional hazard models” to perform survival analyses. Findings – Analyses show that spinoffs from surviving parents outlive other startups. Surprisingly, spinoffs from high-ranked positions have comparable hazard rates than other startups while spinoffs from low-ranked positions have lower hazard rates than other startups. Finally, industry-specific working experience has a curvilinear inverted U-shape effect on spinoffs’ survival. Originality/value – The present study contributes to the debate on spinoffs’ survival and bears important ramifications into the relationship between knowledge inheritance and entrepreneurial dynamic capabilities. It is also helpful in informing public policies aimed at encouraging entrepreneurial activities in the form of new proprietorships.

Expanding knowledge frontiers in entrepreneurship: examining bricolage and effectuation

2020 ◽  
Vol 26 (5) ◽  
pp. 1043-1065
Author(s):  
Vanessa Vasconcelos Scazziota ◽  
Tales Andreassi ◽  
Fernando Antonio Ribeiro Serra ◽  
Luiz Guerrazzi
Keyword(s):  
Decision Process ◽  
Design Methodology ◽  
Knowledge Bases ◽  
Research Trends ◽  
Bibliographic Coupling ◽  
Content Type ◽  
Methodological Feature ◽  
Theoretical Approaches ◽  
And Behaviors ◽  
Opportunity Creation

PurposeOur purpose is to evaluate effectuation and bricolage through their unique and shared references to understand possible overlaps and conceptual complementarities between these theoretical approaches.Design/methodology/approachThe use of bibliometric techniques to examining simultaneously both theoretical approaches is one of the distinctions of this work. Another important methodological feature is the use of co-citation and bibliographic coupling and their interaction, to verify 179 published documents relating to their references.FindingsThe study reveals the intellectual structures underlying the approaches and differences originating from their knowledge bases, as well as the research trends.Originality/valueBy identifying the differences in the decision process and behaviors that culminate in opportunity creation in each, it offers a complementary vision of previous works. The evidence stresses it is interesting to explore their integration, considering the complementarity of their unique aspects.

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