scholarly journals PRODUCT INNOVATION TOOL ADOPTION BEHAVIOUR IN TECHNOLOGY-BASED NEW VENTURES

2012 ◽  
Vol 16 (03) ◽  
pp. 1240001 ◽  
Author(s):  
GERRIT A. DE WAAL ◽  
PAUL KNOTT
Keyword(s):  
Resource Management ◽  
Problem Solving ◽  
Product Innovation ◽  
New Ventures ◽  
New Venture ◽  
Experienced Team ◽  
Established Firm ◽  
Over Time ◽  
Exclusive Focus

Despite the attention it gives to innovation tools, the product innovation literature does not address the behavioural motivation behind practitioners' adoption of particular tools, or relate this to new venture development. This paper focuses on technology-based new ventures executing their first projects and presents insights into how their innovation tool adoption evolves over time. The paper synthesises case study findings into a hierarchy of tool adoption states encapsulating how new venture teams started with an exclusive focus on effectiveness, and over time progressively attended to problem solving, efficiency, and finally resource management. They often progressed to the next state only in response to costly mistakes and delays, whereas the experienced team in our comparison well-established firm operated within all four states from project initiation. Knowledge of this hierarchy of tool adoption states could help new venture teams to optimise the time they invest in product innovation tools.

scholarly journals The Characteristics of Innovative, Mechanical Products—10 Years Later

2018 ◽  
Vol 140 (8) ◽  
Author(s):  
Katja Hölttä-Otto ◽  
Kevin Otto ◽  
Chaoyang Song ◽  
Jianxi Luo ◽  
Timothy Li ◽  
...  
Keyword(s):  
Success Rate ◽  
New Ventures ◽  
New Venture ◽  
Mechanical Products ◽  
Innovative Products ◽  
Innovation Characteristics ◽  
Established Firms ◽  
Established Firm ◽  
Over Time

Ten years prior to this paper, innovative mechanical products were analyzed and found to embody multiple innovation characteristics—an average of two more than competing products in the marketplace. At the time, it was not known whether these products would be successful over time and whether the number or type of innovation characteristics would be related with success. In this work, products from the previous study were categorized into well- and under-adopted products. Also, each product was categorized according to the type of firm that launched it: a new venture or an established firm. The innovative products enjoyed a success rate of 77% on average. The success was not dependent on the number or type of innovation characteristics embodied by the product. However, products developed in new ventures embody, on average, one more innovation characteristic and enjoy a slightly higher success rate than those launched by established firms.

scholarly journals The Role of Accelerator Designs in Mitigating Bounded Rationality in New Ventures

2018 ◽  
Vol 64 (4) ◽  
pp. 810-854 ◽  
Author(s):  
Susan L. Cohen ◽  
Christopher B. Bingham ◽  
Benjamin L. Hallen
Keyword(s):  
Bounded Rationality ◽  
New Ventures ◽  
Multiple Case Study ◽  
New Venture ◽  
External Information ◽  
Start Up ◽  
Multiple Case ◽  
Established Firms

Using a nested multiple-case study of participating ventures, directors, and mentors of eight of the original U.S. accelerators, we explore how accelerators’ program designs influence new ventures’ ability to access, interpret, and process the external information needed to survive and grow. Through our inductive process, we illuminate the bounded-rationality challenges that may plague all ventures and entrepreneurs—not just those in accelerators—and identify the particular organizational designs that accelerators use to help address these challenges, which left unabated can result in suboptimal performance or even venture failure. Our analysis revealed three key design choices made by accelerators—(1) whether to space out or concentrate consultations with mentors and customers, (2) whether to foster privacy or transparency between peer ventures participating in the same program, and (3) whether to tailor or standardize the program for each venture—and suggests a particular set of choices is associated with improved venture development. Collectively, our findings provide evidence that bounded rationality challenges new ventures differently than it does established firms. We find that entrepreneurs appear to systematically satisfice prematurely across many decisions and thus broadly benefit from increasing the amount of external information searched, often by reigniting search for problems that they already view as solved. Our study also contributes to research on organizational sponsors by revealing practices that help or hinder new venture development and to emerging research on the lean start-up methodology by suggesting that startups benefit from engaging in deep consultative learning prior to experimentation.

scholarly journals Entrepreneurial Business Ties and New Venture Growth: The Mediating Role of Resource Acquiring, Bundling and Leveraging

2019 ◽  
Vol 11 (1) ◽  
pp. 244 ◽  
Author(s):  
Gang Wang ◽  
Linwei Li ◽  
Xu Jiang
Keyword(s):  
Resource Management ◽  
New Ventures ◽  
Empirical Support ◽  
Mediating Effect ◽  
New Venture ◽  
Management Perspective ◽  
New Venture Growth ◽  
Resource Leveraging ◽  
Business Ties

Adopting insights from a resource management perspective, this study investigates how entrepreneurs utilize their business ties to promote new venture growth. We propose a multiple mediator model in which different resource management processes (i.e., resource acquiring, resource bundling, and resource leveraging) act as critical mediating mechanisms. We undertook a two-stage survey design, and collected data during the period from 2013 to 2016. Drawing on a longitudinal sample of 229 new ventures in China, we tested the hypotheses through the optimal scaling regression (OSR) analysis. We find empirical support for the mediated effects of entrepreneurial business ties via resource bundling and resource leveraging to promote new venture growth. However, our results find the mediating effect of resource acquiring non-significant. These findings will deepen understanding of the role of entrepreneurial business ties in the new venture growth process and expand resource management perspective into the entrepreneurial field.

Entrepreneurial education: an entrepreneurial ecosystem approach

2020 ◽  
pp. 1-21
Author(s):  
Delwyn N. Clark ◽  
Sophie Reboud ◽  
Olivier Toutain ◽  
Valérie Ballereau ◽  
Tim Mazzarol
Keyword(s):  
New Ventures ◽  
Ecosystem Approach ◽  
New Venture ◽  
Entrepreneurial Education ◽  
Academic Unit ◽  
Entrepreneurial Ecosystem ◽  
Macroeconomic Policies ◽  
Local Resources ◽  
Novel Approach

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, France. TEG offers entrepreneurial education, research and new venture development as an integrated portfolio. This analysis shows how an academic unit can be developed as an EE building from local resources and expertise, aligning with macroeconomic policies and priorities, and leveraging partnerships to provide access to other entrepreneurial players, resources and networks.

scholarly journals The Liability of Volatility and How it Changes Over Time Among New Ventures

2019 ◽  
Vol 44 (5) ◽  
pp. 933-963 ◽  
Author(s):  
Erik Lundmark ◽  
Alex Coad ◽  
Julian S. Frankish ◽  
David J. Storey
Keyword(s):  
Strong Predictor ◽  
New Ventures ◽  
New Venture ◽  
Short Term ◽  
Average Decrease ◽  
Bank Accounts ◽  
Revenue Volatility ◽  
Changes Over Time ◽  
Over Time

This article theorizes how short-term revenue volatility affects new venture viability and how such volatility develops over time. Tracking the bank accounts of 6,578 new ventures over a 10-year period, we find that, even after controlling for a range of other factors, short-term revenue volatility is a strong predictor of venture exit. Although short-term revenue volatility is associated with the depletion of buffer resources and financial default, surviving ventures do not, on average, decrease their short-term revenue volatility over time. However, short-term revenue volatility decreases at the cohort level due to higher exit rates of volatile ventures.

An integrated TRIZ approach for technological process and product innovation

2015 ◽  
Vol 231 (6) ◽  
pp. 1062-1077 ◽  
Author(s):  
Miao Li ◽  
Xinguo Ming ◽  
Maokuan Zheng ◽  
Lina He ◽  
Zhitao Xu
Keyword(s):  
Problem Solving ◽  
Technological Process ◽  
Manufacturing Process ◽  
Product Innovation ◽  
Interaction Matrix ◽  
Function Model ◽  
Manufacturing Defects ◽  
Root Cause ◽  
Innovative Solution

Process trimming (also can be called as trimming for process) helps to trim and eliminate process operations by redistributing their functions among other operations. It offers one way to eliminate key disadvantages in product and manufacturing process that other methods do not see. However, few methods have been disclosed in a structured way for process trimming effectively. Therefore, this article proposes an integrated process focused on technological process and product innovation to solve the key problems with process trimming-based TRIZ (theory of inventive problem-solving) approach. This method helps to identify and inventively solve the key problems and maximize use resource of system and supersystem. First, process trimming candidates are identified based on component function model, component trimming rules, process function model analysis, component–process interaction matrix, and root cause analysis. Then, three types of process trimming strategies are presented. Algorithm of process trimming is developed to identify key problems in technological process. TRIZ problem-solving tools are used to solve these key problems. Finally, a case study of refrigerator door foam innovative design and manufacturing process is investigated to test the efficiency of the approach. The innovative solution significantly decreases manufacturing defects and service cost.

scholarly journals Examining the nature of resource-based processes in new venture development through a business-duality lens: A farming sector taxonomy

2012 ◽  
Vol 30 (2) ◽  
pp. 161-188 ◽  
Author(s):  
Helen Perks ◽  
Dominic Medway
Keyword(s):  
Late Stage ◽  
New Ventures ◽  
Multiple Case Study ◽  
New Venture ◽  
Entrepreneurial Process ◽  
Case Study Methodology ◽  
Multiple Case ◽  
Study Methodology ◽  
Insight Into

This article investigates the nature of resource-based processes in the development of new ventures, adopting a business duality lens. Business duality occurs where a new venture is developed alongside an established business. The research employs a multiple case study methodology situated in the farming sector. The details of resource assembly and deployment are examined and presented through four stages of the entrepreneurial process: initiation, experimentation, mature and late stage. The findings offer insight into the manner in which resource ties between the businesses relate to processes of resource assembly and deployment and in addition, inform a business duality-based taxonomy. This depicting three generic approaches to managing resource-based processes in the development of new ventures in the farming sector: holistic innovators, reactive innovators and cautious innovators. We conclude by considering the implications of our arguments for new venture activity in other business duality contexts.

scholarly journals Co-constructing an Opportunity with a Community of Inquiry

2021 ◽  
pp. 27-50
Author(s):  
Dean A. Shepherd ◽  
Holger Patzelt
Keyword(s):  
Community Of Inquiry ◽  
New Ventures ◽  
Social Model ◽  
New Venture ◽  
Specific Information ◽  
Community Members ◽  
Entrepreneurial Teams ◽  
Market Launch ◽  
Over Time ◽  
Communities Of Inquiry

AbstractEntrepreneurs can learn about potential opportunitiesthrough social interactions with communities of inquiry. However, how do entrepreneurs build such communities, and how do they engage community members over time to develop their potential opportunities? Building on a recent study of eight new ventures and their communities of inquiry over nine months (Shepherd et al. in Journal of Business Venturing, 106033), this chapter presents a social model of opportunity development. The chapter explains how entrepreneurial teams that progress well toward market launch consist of varied specialists who openly engage their communities of inquiry. This open engagement leads such teams to gather diverse information, generate multiple alternatives (technology and market), and test conjectures about their potential opportunities through disconfirmation. In contrast, unsuccessful entrepreneurial teams rely on focused engagement with their communities of inquiry. This focused engagement leads these teams to gather specific information, generate a few related alternatives, and seek to confirm their opportunity conjectures. This chapter highlights new insights into entrepreneurial teams’ engagement with communities of inquiry to explain opportunity development and, ultimately, new venture progress.

Integrating sustainability in business network initiation: the case of an Italian pasta maker

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Andrea Sabatini ◽  
Thomas O’Toole ◽  
Gianluca Gregori
Keyword(s):  
Network Theory ◽  
Negative Impact ◽  
Single Case ◽  
New Ventures ◽  
New Venture ◽  
Business Network ◽  
Case Study Methodology ◽  
Content Type ◽  
Study Methodology

Purpose The purpose of this paper is to explore how sustainability is integrated into a new venture’s business network initiation. This study unpacks sustainability in business network initiation using temporal bracketing and identifying its main processes. Temporal bracketing supports the understanding of the evolution of sustainability in network initiation. The processes help explore the sustainability patterns that emerge from the new venture’s attempt to integrate sustainability into network initiation. Design/methodology/approach The exploratory case study of an Italian pasta maker draws on industrial network theory to focus on the business network initiation of new ventures. The novelty is the integration of sustainability into the business network initiation literature. This paper adopts a single case study methodology and an abductive approach to analysis. Findings This study finds that sustainability in network initiation is achieved through three periods of initiation and through five processes that are overlapping, intertwined and reciprocal. This study suggests that sustainability can have a positive or negative impact when integrated into the initiation process. Originality/value This paper provides a conceptual framework for understanding how a new venture integrates sustainability in its network initiation. The framework comprises periods and processes of network initiation which show how a new venture can integrate sustainability in its business activities and resources through interaction with network actors.

scholarly journals Good Industrial Relations, Joint Problem Solving and HRM

2005 ◽  
Vol 51 (2) ◽  
pp. 391-406 ◽  
Author(s):  
Philip B. Beaumont ◽  
Richard I.D. Harris
Keyword(s):  
Resource Management ◽  
Problem Solving ◽  
Human Resource Management ◽  
Human Resource ◽  
Management Practices ◽  
Industrial Relations ◽  
Human Resource Management Practices ◽  
Joint Problem ◽  
Joint Problem Solving

Do new human resource management practices fit comfortably with the existing collective bargaining relationship in unionized establishments? This is a question of concern to researchers in many advanced industrialized economies; this is particularly the case in Britain where human resource management practices are more a feature of the union, rather than nonunion, employment sector. The initial analysis of this paper, based on the 1990 national Workplace Industrial Relations Survey, indicates that an index of human resource management practices is negatively related to management reports of the quality of the existing employee-management relationship in unionized establishments, in contrast to the position in nonunion establishments. This finding is consistent with some existing case study research which indicates that human resource management practices are marginalizing the union-collective bargaining role in unionized organizations. However, a case study of the paper industry indicates that such marginalization does not occur if the existing relationship is more of a joint problem solving one.

Sign in / Sign up

Export Citation Format

Share Document