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43
The Effects of Slack Resources and Environmental Threat on Product Exploration and Exploitation
- Academy of Management Journal
, 2008
"... In a U.S. sample of nonprofit professional theaters, we examine how slack resources interact with environmental threat appraisal to influence product exploration and exploitation. We find systematic variation depending on the extent to which a resource is rare and absorbed in operations, and the ext ..."
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In a U.S. sample of nonprofit professional theaters, we examine how slack resources interact with environmental threat appraisal to influence product exploration and exploitation. We find systematic variation depending on the extent to which a resource is rare and absorbed in operations, and the extent of perceived environmental threats. Absorbed, generic resources are associated with increased exploitation and decreased exploration. Unabsorbed resources, both generic and rare, result in higher exploration and lower exploitation, but only when perceived environmental threat is high. Overall, results reveal pragmatic decision making balancing the benefits of superior strategic position against the risks of jeopardizing viability. The overall strategic emphasis of an organization is reflected in investments of resources in activities and processes that promote exploration or exploitation (Siggelkow & Levinthal, 2003). Exploration creates novel competencies that enable ongoing innovation and generally results in superior longterm returns (Geroski, Machin, & Van Reenen, 1993). These benefits are balanced by the higher level of risk inherent in exploratory activities, which require significant investments with uncertain payoffs (Gupta, Smith, & Shalley, 2006). Exploitation creates value through existing or minimally modified competencies that sustain longterm viability following successful exploration. Successful exploitation provides a buffer from the shocks of exploration and entails less risk than
Rivalry between multinational enterprises: An event history approach
- Academy of Management Journal
, 2007
"... Our study investigates rivalry between multinational enterprises (MNEs) in host coun-try markets. Drawing on the awareness-motivation-capability perspective, we show how the speed of an MNE’s response to a rival’s attack is influenced by resource-related factors, including distance, government const ..."
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Cited by 19 (2 self)
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Our study investigates rivalry between multinational enterprises (MNEs) in host coun-try markets. Drawing on the awareness-motivation-capability perspective, we show how the speed of an MNE’s response to a rival’s attack is influenced by resource-related factors, including distance, government constraints, and subsidiary control, and by market-related factors, including initiating country importance, location of the response in the initiating country, and multimarket contact. We provide a new con-ceptualization and empirical approach for studying rivalry between MNEs. Addition-ally, our theory and evidence imply that important constraints on MNE actions in host country markets go well beyond the constraints faced in domestic competition. In August, 1998, Renault launched a new version of the Twingo—its best selling mini—in all the major European markets. To fend off the tough competi-tion from the Fiat Seicento... Renault surprised the market by cutting the price of Twingo by 15 percent.
From resource base to dynamic capabilities: An investigation of new firms
- British Journal of Management
, 2009
"... This is the author’s version of a work that was submitted/accepted for pub-lication in the following source: McKelvie, Alexander & Davidsson, Per (2009) From resource base to dy-namic capabilities: an investigation of new firms. British Journal of Man- ..."
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Cited by 11 (0 self)
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This is the author’s version of a work that was submitted/accepted for pub-lication in the following source: McKelvie, Alexander & Davidsson, Per (2009) From resource base to dy-namic capabilities: an investigation of new firms. British Journal of Man-
From Plan to Plant: Effects of Certification on Operational Start-up in the Emergent Independent Power Sector
"... In this paper, we study the transition from planned venture to operational start-up in the emergent independent power sector. While planned ventures face tremendous obstacles in assembling the resources necessary to begin operations, we hypothesize and show that formal certification from authorized ..."
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Cited by 7 (3 self)
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In this paper, we study the transition from planned venture to operational start-up in the emergent independent power sector. While planned ventures face tremendous obstacles in assembling the resources necessary to begin operations, we hypothesize and show that formal certification from authorized actors increases the likelihood of making this transition. Moreover, we find that the effects of certification are contingent on the legitimacy of the sector as a whole: certifications have a stronger effect on reaching start-up when sector legitimacy is low than when it is high. This research helps us understand a rarely-studied organizational transition – from entrepreneurial intention to actual operations – within nascent sectors. It directs attention to the legitimating effects of formal certification, highlights the importance of a multi-level approach to legitimacy, and contributes to the growing rapprochement between entrepreneurial studies and institutional theory. 2
Life in the fast lane: Origins of competitive interaction in new vs. established markets
- Strategic Management Journal
, 2010
"... All in-text references underlined in blue are linked to publications on ResearchGate, letting you access and read them immediately. ..."
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Cited by 4 (1 self)
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All in-text references underlined in blue are linked to publications on ResearchGate, letting you access and read them immediately.
The elixir (or burden) of youth? Exploring differences in innovation between start-ups and established firms
- Research Policy
, 2012
"... Abstract Despite the widely acknowledged role of start-ups in economic development, little is known about their innovative activities compared with those of established firms. Drawing on a sample of 12,209 UK firms, we differentiate between services and manufacturing firms and, using a matching est ..."
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Abstract Despite the widely acknowledged role of start-ups in economic development, little is known about their innovative activities compared with those of established firms. Drawing on a sample of 12,209 UK firms, we differentiate between services and manufacturing firms and, using a matching estimator approach, demonstrate that start-ups differ significantly from established firms in their innovation activities. We find that in services, being a start-up increases the likelihood of product innovations. However, in manufacturing, we find no significant differences in the likelihood of product innovation between start-ups and established firms. When examining the returns to innovation, we find that start-ups have a significant advantage both in services and in manufacturing. We explore the implications of these results for theory and policy.
ENTREPRENEURS AS INTERMEDIARIES
"... not necessarily those of the underwriters. Entrepreneurs as Intermediaries ..."
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not necessarily those of the underwriters. Entrepreneurs as Intermediaries
The Payback of Effective Innovation Programs: Empirical Evidence from Firms that Have Won Innovation Awards
"... This Article is brought to you for free and open access by the Management Department at DigitalCommons@University of Nebraska- Lincoln. It has ..."
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This Article is brought to you for free and open access by the Management Department at DigitalCommons@University of Nebraska- Lincoln. It has
The Role Of Human Capital In Lowering Barriers To Engage In Innovation: Evidence From The Spanish Innovation Survey
"... The role of human capital in lowering barriers to engage in innovation: evidence from the Spanish innovation survey ..."
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The role of human capital in lowering barriers to engage in innovation: evidence from the Spanish innovation survey
