scholarly journals The Relationship between Slack Resources, Resource Bricolage, and Entrepreneurial Opportunity Identification—Based on Resource Opportunity Perspective

2020 ◽  
Vol 12 (3) ◽  
pp. 1199
Author(s):  
Yongbo Sun ◽  
Shuang Du ◽  
Yixin Ding
Keyword(s):  
Opportunity Identification ◽  
Network Ties ◽  
Entrepreneurial Opportunity ◽  
Slack Resources ◽  
Mediating Role ◽  
Resource Bricolage ◽  
The Relationship ◽  
Absorbed Slack ◽  
Unabsorbed Slack ◽  
Business Ties

There are a lot of slack resources in a company. It is vitally important for an enterprise to use slack resources to identify entrepreneurial opportunities to establish company sustainable development. On the basis of the resource orchestration theory and from resource-opportunity perspective, this paper constructs a framework of slack resources and entrepreneurial opportunity identification, exploring the mediating of resource bricolage, the moderating of network ties, and the moderated mediation of network ties. In our analyses, we used data from companies in eastern China, and statistical hypotheses were validated through a structural equation model with data using the statistical software Amos version 20, SPSS version 22. The research results show that: (1) Absorbed slack resources and unabsorbed slack resources have a positive impact on entrepreneurial opportunity identification. (2) Slack resources indirectly affect the opportunity identification through the mediating role of resource bricolage. Among them, resource bricolage has a fully mediating role between absorbed slack resources and entrepreneurial opportunity identification, and it has a partial mediating role between unabsorbed slack resources and entrepreneurial opportunity identification. (3) Business ties positively moderate the relationship between two types of slack resources and entrepreneurial opportunity identification, and business ties moderate the mediation effect of resource bricolage. The resource-opportunity perspective answers how decisions are made, and the entire model process answers how to create sustainable value (entrepreneurship opportunities). The study guides managers on how to integrate and use external and internal resources, coordinate resource elements, and identify profitable business opportunities.

The Role of Unabsorbed Slack in Internal and Collaborative Innovation Processes — A Resource-Based Framework

2016 ◽  
Vol 13 (03) ◽  
pp. 1640007 ◽  
Author(s):  
Ulrich Lichtenthaler
Keyword(s):  
Critical Role ◽  
Slack Resources ◽  
Fine Grained ◽  
Collaborative Innovation ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship ◽  
Unabsorbed Slack ◽  
Innovation Processes

Extant research has highlighted the critical role of unabsorbed slack resources in internal innovation processes. In recent years, many firms have continued to open up their innovation processes to actively collaborate with external partners. In light of a limited understanding of the determinants of collaborative innovation, we provide new theoretical arguments about the relationship of unabsorbed slack resources with internal and collaborative innovation processes. Specifically, we draw on resource-based and competence-based logic and develop a conceptual framework for intraorganizational and interorganizational innovation with propositions for the impact of unabsorbed slack resources on internal and external knowledge acquisition and commercialization processes. The arguments underscore the critical role of excess resources in collaborative innovation, and they highlight the need for a fine-grained examination of the impact of unabsorbed slack resources in innovation processes. The arguments are particularly important in light of a renewed interest in essential enablers and barriers to collaborative innovation processes.

Entrepreneurs' social networks and opportunity identification: Entrepreneurial passion and entrepreneurial alertness as moderators

2020 ◽  
Vol 48 (2) ◽  
pp. 1-12 ◽  
Author(s):  
Cuiping Ma ◽  
Jin Yang ◽  
Ling Chen ◽  
Xialei You ◽  
Wei Zhang ◽  
...  
Keyword(s):  
Social Networks ◽  
Social Ties ◽  
Opportunity Identification ◽  
Entrepreneurial Alertness ◽  
Political Ties ◽  
Entrepreneurial Passion ◽  
The Relationship ◽  
Business Ties

We examined the relationship between entrepreneurs' social networks and opportunity identification, and the moderating roles of entrepreneurial passion and entrepreneurial alertness in this relationship. Results from 142 entrepreneurs supported the hypothesis that both their business ties and their political ties would be positively related to opportunity identification, and these relationships would be moderated by entrepreneurial passion and entrepreneurial alertness. Entrepreneurial passion weakened the relationship between business ties and opportunity identification, but amplified the relationship between political ties and opportunity identification. Further, entrepreneurial alertness strengthened the relationship between business ties and opportunity identification. The results suggest that the effect of entrepreneurs' social ties on opportunity identification depends on the level of the individual's entrepreneurial passion and entrepreneurial alertness.

The mediating role of the extensiveness of strategic planning on the relationship between slack resources and organizational performance

2015 ◽  
Vol 53 (5) ◽  
pp. 1023-1044 ◽  
Author(s):  
Yasir Fadol ◽  
Belal Barhem ◽  
Said Elbanna
Keyword(s):  
Health Care ◽  
Strategic Planning ◽  
Organizational Performance ◽  
Health Care Sector ◽  
Public Hospitals ◽  
Slack Resources ◽  
Content Type ◽  
Mediating Role ◽  
The Relationship

Purpose – The purpose of this paper is to improve the understanding of the mediating role of the extensiveness of strategic planning on the relationship between slack resources and organizational performance. Design/methodology/approach – The study uses empirical data gathered from 102 usable replies from private and also public hospitals in the United Arab Emirates (UAE). Findings – The findings indicate the existence of a positive relationship between slack resources and organizational performance and show that the extensiveness of strategic planning plays a mediating role in this relationship. Research limitations/implications – The authors highlight the exploratory nature of the study considering its unusual setting, namely, the UAE’s health care sector. Practical implications – Several implications of the findings for managerial and policy practices in the UAE health care sector are discussed. Originality/value – This study contributes to the existing literature on management, health care, and developing countries by examining the role of the extensiveness of strategic planning in mediating the relationship between slack resources and organizational performance in the health care industry of a developing country.

scholarly journals The Role of Sunk Cost and Slack Resources in Innovation: A Conceptual Reading in an Entrepreneurial Perspective

2015 ◽  
Vol 5 (3) ◽  
Author(s):  
Salvatore Esposito De Falco ◽  
Antonio Renzi
Keyword(s):  
Friction Factor ◽  
Sunk Costs ◽  
Innovative Activity ◽  
Sunk Cost ◽  
Slack Resources ◽  
The Relationship ◽  
Absorbed Slack

AbstractThis paper proposes a conceptual reading of the interplay between sunk costs and slack resources in innovation, adopting an entrepreneurial perspective. Antecedent literature mostly depicts the relationship between slack and innovation as an inverse u-shaped curve. However, this approach is way too unrealistic and it does not take in account both the different impact of heterogeneous types of slack and of sunk costs. We argue that not all slacks positively contribute to innovation and, hence, the u-shaped relationship is merely verified in case of highly flexible slack resources. In addition, the presence of sunk costs is a friction factor, which makes the first part of the curve less steep. Therefore, entrepreneurs are solicited to innovation by the presence of some easy recoverable slack types, as financial or knowledge ones. On the converse, a consistent level of sunk cost may discourage their innovative activity. In this setting, absorbed slack resources increase the level of sunk costs.

scholarly journals The Formation and Effects of Exploitative Dynamic Capabilities and Explorative Dynamic Capabilities: An Empirical Study

2019 ◽  
Vol 11 (9) ◽  
pp. 2581 ◽  
Author(s):  
Lina Liu ◽  
Bo Yu ◽  
Weiwei Wu
Keyword(s):  
Competitive Advantage ◽  
Leadership Style ◽  
Dynamic Capabilities ◽  
Positive Influence ◽  
Slack Resources ◽  
Transactional Leadership Style ◽  
Transformational Leadership Style ◽  
Absorbed Slack ◽  
Unabsorbed Slack

Although previous studies have explored the formation and effects of dynamic capabilities, much remains to be learned on this topic. There has been little research on the formation and effects of exploitative dynamic capabilities and explorative dynamic capabilities. This paper provides an explanation of how entrepreneurial leadership style and slack resources affect the formation of exploitive dynamic capabilities and explorative dynamic capabilities and evaluates the effects of exploitive dynamic capabilities and explorative dynamic capabilities on competitive advantage. Based on a sample of 382 Chinese firms, the empirical results show that a transactional leadership style and absorbed slack resources can encourage the formation of exploitative dynamic capabilities, and that a transformational leadership style and unabsorbed slack resources are conducive to the development of explorative dynamic capabilities. Furthermore, exploitative dynamic capabilities and explorative dynamic capabilities can reinforce and complement each other. Exploitative dynamic capabilities positively impact explorative dynamic capabilities, and explorative dynamic capabilities enhance exploitative dynamic capabilities. In particular, exploitative dynamic capabilities have an important effect on short-term financial performance, and explorative dynamic capabilities lead to a significant long-term competitive advantage. The results show that explorative dynamic capabilities surpass exploitative dynamic capabilities in terms of competitive advantage, even if both have a positive influence on competitive advantage. This study validates and develops the theory of dynamic capabilities.

The Effect of Slack Resources on Strategic Corporate Social Responsibility (CSR): Empirical Evidence on Indonesian Listed Companies

2017 ◽  
Vol 5 (2) ◽  
pp. 70-75
Author(s):  
Yosefa Sayekti
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Statements ◽  
Financial Data ◽  
Slack Resources ◽  
Strategic Csr ◽  
Corporate Social ◽  
A Company ◽  
Absorbed Slack ◽  
Unabsorbed Slack

Objective - This study examines the effect of companies' slack resources on strategic Corporate Social Responsibility ('CSR') and also non-strategic CSR. By analysing the slack resources as a determinant of CSR, it might indicate the companies' priority regarding their strategic CSR as part of companies' strategy. Methodology/Technique - Instead of using profitability as a measure of slack resources, this study employs slack resources as a variable itself as it was developed by Burgeois (1981), based on financial data in the companies' financial statements. Findings - The empirical result of this study indicates that un-absorbed slack resources positively affect the strategic CSR and also non-strategic CSR of a company, while absorbed slack resources do not significantly affect either. Novelty - Unlike previous studies, this study does not use profitability as a proxy of slack resources, but uses slack resources as a variable itself. Type of Paper - Empirical Keywords: Slack Resources; Corporate Social Responsibility; Strategic CSR; Nonstrategic CSR; Slack Resources; Absorbed Slack Resources; Unabsorbed Slack Resources.

The role of the organization in the entrepreneur–opportunity nexus

2019 ◽  
Vol 25 (7) ◽  
pp. 1537-1562 ◽  
Author(s):  
Gianluca Zanella ◽  
Dante B. Castro Solano ◽  
Cory R.A. Hallam ◽  
Teja Guda
Keyword(s):  
Theory Building ◽  
Wealth Creation ◽  
Opportunity Identification ◽  
Content Type ◽  
Identification Process ◽  
Mediating Role ◽  
Entrepreneurial Alertness ◽  
Strategic Posture ◽  
The Relationship

Purpose Entrepreneurial and strategic actions are crucial for wealth creation, and the business opportunity is a critical factor in this process. The purpose of this paper is to explore the role of the firm’s strategic posture in the relationship between individual alertness and opportunity identification within an existing firm. This approach contributes to entrepreneurship theory building through a multilevel study. Design/methodology/approach The quantitative research focuses on understanding the mediating role of an organization’s strategic posture in the opportunity identification process. Using a sample of 276 firms, this study tests a two-level model to explain opportunity identification. Findings The findings provide empirical evidence that a firm’s strategic posture mediates the relationship between individual alertness and opportunity identification. Furthermore, this study finds differences in the mediating role of a firm’s strategic posture through which entrepreneurs and managers affect opportunity identification. Years after the creation of startup, the entrepreneurs still exhibit entrepreneurial characteristics that affect opportunity identification. The findings provide evidence that entrepreneurs foster an internal culture and set of values that are more favorable to radical innovation, compared to managers who favor incremental and less risky projects. Practical implications The findings suggest the possibility for new theory building that can improve the fields of entrepreneurship and management research. Moreover, the proposed model constitutes a new approach to analyze the mediating role of an organization’s strategic posture in the opportunity identification process. Originality/value This paper provides an original approach to literature in exploring the relationship between entrepreneurial alertness and firm’s strategic posture in explaining the opportunity identification process. This work will help expand the theory building that explores differences between managers and entrepreneurs in organizations.

scholarly journals Entrepreneur's Passion and Entrepreneurial Opportunity Identification: A Moderated Mediation Effect Model

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Wendi Cai ◽  
Zongfa Wu ◽  
Yingli Zhang
Keyword(s):  
Mediation Effect ◽  
Contextual Knowledge ◽  
Opportunity Identification ◽  
Environmental Complexity ◽  
Mediating Role ◽  
Entrepreneurial Passion ◽  
Effect Model ◽  
Entrepreneurial Cognition ◽  
The Relationship

Abstract Based on the theory of entrepreneurial cognition, we examined the relationship between entrepreneurial passion and opportunity identification, and the moderating roles of environmental complexity and mediating role of entrepreneurial contextual knowledge in this relationship. Results from 246 entrepreneurs supported the hypothesis that both their entrepreneurial passion and their entrepreneurial contextual knowledge would be positively related to opportunity identification, and these relationships would be moderated by environmental complexity. Further, environmental complexity enhanced the relationship between entrepreneurial passion and opportunity identification, and also amplified the relationship between contextual knowledge and opportunity identification. The results suggest that the effect of entrepreneurs’ passion on opportunity identification depends on the level of the individual's contextual knowledge and environmental complexity.

scholarly journals Influence of Social Network Strength on Entrepreneurial Opportunity Recognition: A Chain Mediation Model of Need Knowledge and Technological Knowledge

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Jing Fan ◽  
Jiafu Su
Keyword(s):  
Social Network ◽  
Technological Knowledge ◽  
Opportunity Recognition ◽  
Mediation Model ◽  
Entrepreneurial Opportunity ◽  
Mediating Role ◽  
Entrepreneurial Opportunities ◽  
Network Strength ◽  
A Chain ◽  
The Relationship

Entrepreneurial opportunity recognition is a key focus of entrepreneurship research and has received considerable attention in recent years. Previous research has highlighted that social network strength, need knowledge, and technological knowledge are important factors in entrepreneurial opportunity recognition and that these factors in isolation cannot sufficiently explain how entrepreneurial opportunities are recognized. Nonetheless, little is known about the effect that social network strength may exert on entrepreneurial opportunity recognition through need knowledge and technological knowledge. Building on social network theory, this study develops and examines a chain mediation model that incorporates need knowledge and technological knowledge into the relationship between social network strength and entrepreneurial opportunity recognition. The results of this study demonstrate that the effect of social network strength on entrepreneurial opportunity recognition can be partitioned into the direct and indirect effects. In particular, the effect of social network strength on entrepreneurial opportunity recognition is mediated by need knowledge, not by technological knowledge. Moreover, need knowledge and technological knowledge play a continuous mediating role in the relationship between social network strength and entrepreneurial opportunity recognition. These findings extend the entrepreneurial opportunity recognition literature by casting light on the knowledge conduits linking social network strength to entrepreneurial opportunity recognition.

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