New Technology-based Firms
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Recent papers in New Technology-based Firms
Purpose The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF).... more
Purpose The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF). Design/methodology/approach The paper takes a qualitative approach to explore organizational and individual antecedents of employees’ intrapreneurial behavior. A single case study was conducted on the basis of semi-structured interviews with the founders and top managers of the firm and with intrapreneurial employees. Findings Results show that intrapreneurial projects may arise in firms whose top managers support corporate entrepreneurship (CE) in a non-active manner. Intrapreneurial behaviors of employees can emerge despite the lack of time and limited resources available for undertaking projects. Moreover, work discretion and mutual confidence and the quality of the relationship between employees and top managers are the most valued factors for intrap...
Purpose-The purpose of this study is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs which may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF).... more
Purpose-The purpose of this study is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs which may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF). Design/methodology/approach-The paper takes a qualitative approach to exploring organizational and individual antecedents of employees' intrapreneurial behavior. A single case study was conducted based on semi-structured interviews with the founders and top managers of the firm and with intrapreneurial employees. Findings-Results show that intrapreneurial projects may arise in firms whose top managers support Corporate Entrepreneurship (CE) in a non-active manner. Intrapreneurial behaviors of employees can emerge despite the lack of time and limited resources available for undertaking projects. Moreover, work discretion and mutual confidence and the quality of the relationship between employees and top managers are the most valued factors for intrapreneurs. Practical implications-Based on the intrapreneurial projects studied, this paper helps to contextualize intrapreneurs' perception of organizational support and the personal motivations for leading projects within an NTBF. Originality/value-Traditionally, the literature has mainly focused on the top-down implementation of entrepreneurial projects within large firms. This paper contributes to the understanding of the combination of firm-and individual-level factors that facilitate intrapreneurial behaviors of employees. It also illustrates the contextual conditions and the firms' orientation on CE within an NTBF.
The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF).,The paper... more
The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF).,The paper takes a qualitative approach to explore organizational and individual antecedents of employees’ intrapreneurial behavior. A single case study was conducted on the basis of semi-structured interviews with the founders and top managers of the firm and with intrapreneurial employees.,Results show that intrapreneurial projects may arise in firms whose top managers support corporate entrepreneurship (CE) in a non-active manner. Intrapreneurial behaviors of employees can emerge despite the lack of time and limited resources available for undertaking projects. Moreover, work discretion and mutual confidence and the quality of the relationship between employees and top managers are the most valued factors for intrapreneurs.,Based on the intrapreneurial project...
Purpose The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF).... more
Purpose The purpose of this paper is to provide a deeper insight into the organizational factors and personal motivations of intrapreneurs that may foster intrapreneurial behaviors of employees in a new technology-based firm (NTBF). Design/methodology/approach The paper takes a qualitative approach to explore organizational and individual antecedents of employees’ intrapreneurial behavior. A single case study was conducted on the basis of semi-structured interviews with the founders and top managers of the firm and with intrapreneurial employees. Findings Results show that intrapreneurial projects may arise in firms whose top managers support corporate entrepreneurship (CE) in a non-active manner. Intrapreneurial behaviors of employees can emerge despite the lack of time and limited resources available for undertaking projects. Moreover, work discretion and mutual confidence and the quality of the relationship between employees and top managers are the most valued factors for intrap...
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources... more
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources within relationships). Using configuration theory, I then make the case for an integrated approach that considers the interdependence between network structures and network flows. To achieve this, I present three papers, the first of which has been published and the other two are being revised for publication in a journal. In the first paper I examine the affect of network embeddedness (i.e., the degree to which social structure and processes shape economic action) on the performance of new technology based firms and argue that operationalizations of network embeddedness would benefit from incorporating structural network measures as well as measures of the attributes of individual relationships. I then present a second paper in which I describe a model and method (Q-analysis) for conceptualising and measuring variations in the structure-flow interdependence of networks. Together, the model and method facilitate richer examinations of the form and function of entrepreneurial networks. In the third paper I develop a typology of four network configurations based on variations in network structural complexity and network flow complexity. I then describe how different network management capabilities are suited to each of the network configurations. Together these three papers provide contributions that will help researchers to study how structure-flow interdependence affects the configuration, multiplexity (i.e., how multiple flows interact within and across relationships) and evolution of entrepreneurial networks.
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources... more
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources within relationships). Using configuration theory, I then make the case for an integrated approach that considers the interdependence between network structures and network flows. To achieve this, I present three papers, the first of which has been published and the other two are being revised for publication in a journal. In the first paper I examine the affect of network embeddedness (i.e., the degree to which social structure and processes shape economic action) on the performance of new technology based firms and argue that operationalizations of network embeddedness would benefit from incorporating structural network measures as well as measures of the attributes of individual relationships. I then present a second paper in which I describe a model and method (Q-analysis) for conceptualising and measuring variations in the structure-flow interdependence of networks. Together, the model and method facilitate richer examinations of the form and function of entrepreneurial networks. In the third paper I develop a typology of four network configurations based on variations in network structural complexity and network flow complexity. I then describe how different network management capabilities are suited to each of the network configurations. Together these three papers provide contributions that will help researchers to study how structure-flow interdependence affects the configuration, multiplexity (i.e., how multiple flows interact within and across relationships) and evolution of entrepreneurial networks.
— This paper builds upon the widely-used resource-based approach to explaining survival of new technology-based firms (NTBFs). However, instead of looking at the NTBF's initial resource configuration, a process-oriented perspective is... more
— This paper builds upon the widely-used resource-based approach to explaining survival of new technology-based firms (NTBFs). However, instead of looking at the NTBF's initial resource configuration, a process-oriented perspective is taken by focusing on the entrepreneur's ability to transform resources in response to triggers resulting from market interactions. Transaction relations reflect these interactions and are thus operationalized with a suggested method for measuring the status of venture emergence (VE) applicable to early-stage NTBFs. NTBFs' value network maturity is reflected in the number and strength of their transaction relations in the four market dimensions customer, investor, partner, and human resource. Business plans of NTBFs represent the artifact that contains this data in the form of transaction relation descriptions. Using content analysis, a multi-step combined human and computer coding process has been developed to annotate and classify transaction relations from business plans in order to empirically determine NTBFs' status of VE. Results of the business plan analysis suggest that the level of transaction relations allows to draw conclusions on the VE status. Moreover, applying the developed process, first analysis of a business plan coding test shows that the transaction relation based VE status significantly relates to NTBF survival capability.
本論文は、新技術ベンチャーにおけるデスバレー現象とその要因について論じる。 まず、新技術ベンチャーのデスバレー現象、すなわち優れた技術を十分に事業化へとつなげることが出来ない状態について検討するために、先端技術事業化までの段階を、基礎研究段階、製品開発段階、事業化段階の3つに分類する。... more
本論文は、新技術ベンチャーにおけるデスバレー現象とその要因について論じる。 まず、新技術ベンチャーのデスバレー現象、すなわち優れた技術を十分に事業化へとつなげることが出来ない状態について検討するために、先端技術事業化までの段階を、基礎研究段階、製品開発段階、事業化段階の3つに分類する。 その上で、新技術ベンチャーに対する質問票調査をもとに、新技術ベンチャーにおいては、とりわけ事業化段階に深刻なデスバレー現象が存在すると認識されている。各段階を通じて「人材面の問題」「ビジョンの抽出や需要のコンセプト化の問題」が主要なデスバレー要因と認識されている。また、基礎研究段階のデスバレー克服状況と「市場ニーズの明確化及び共有化」に向けた取組み、製品開発段階のデスバレー克服状況と「トップダウン型経営」「市場ニーズの明確化及び共有化」、事業化段階のデスバレー克服状況と「公認会計士」「ベンチャーキャピタル」「弁護士」等の外部専門家との連携において有意な相関が確認されたこと等を明らかにする。 最後に、新技術ベンチャーがデスバレーに陥らないための方策について論じる。
PLEASE SEND AN EMAIL TO VINCENT.BLOK@WUR.NL IF YOU WANT TO RECEIVE THE PDF Following the call for process-oriented research on business incubation processes, this paper investigates the process of business incubation (BI) via an... more
PLEASE SEND AN EMAIL TO VINCENT.BLOK@WUR.NL IF YOU WANT TO RECEIVE THE PDF
Following the call for process-oriented research on business incubation processes, this paper investigates the process of business incubation (BI) via an understanding of management practices and interactions. Based on a comprehensive literature review and empirical evidence of management practices in business incubators (N ¼ 16) dealing with new technology-based ¯rms (NTBFs), we develop a conceptual model of factors having an impact on the incubation process of NTBFs, including propositions that can be tested in future research. Our results show that a combination of six management practices enables BI managers to accelerate the learning curve of entrepreneurs and the start-up process of their ¯rms. Our results help to theorize about the factors having an impact on the incubation process of NTBFs and the dynamics behind the incubation process, and will enable BI managers to develop practices that really help entrepreneurs in the development of their NTBF.
Following the call for process-oriented research on business incubation processes, this paper investigates the process of business incubation (BI) via an understanding of management practices and interactions. Based on a comprehensive literature review and empirical evidence of management practices in business incubators (N ¼ 16) dealing with new technology-based ¯rms (NTBFs), we develop a conceptual model of factors having an impact on the incubation process of NTBFs, including propositions that can be tested in future research. Our results show that a combination of six management practices enables BI managers to accelerate the learning curve of entrepreneurs and the start-up process of their ¯rms. Our results help to theorize about the factors having an impact on the incubation process of NTBFs and the dynamics behind the incubation process, and will enable BI managers to develop practices that really help entrepreneurs in the development of their NTBF.
The business plan is one of the most frequently available artifacts to innovation intermediaries of technology-based ventures’ presentations in their early stages. Agreement on the evaluations of venturing projects based on the business... more
The business plan is one of the most frequently available artifacts to innovation intermediaries of technology-based ventures’ presentations in their early stages. Agreement on the evaluations of venturing projects based on the business plans highly depends on the individual perspective of the readers. One reason is that little empirical proof exists for descriptions in business plans that suggest survival of early-stage technology ventures. We identified descriptions of transaction relations as an anchor of the snapshot model business plan to business reality. In the early-stage, surviving ventures are building transaction relations to human resources, financial resources, and suppliers on the input side, and customers on the output side of the business towards a stronger ego-centric value network. We conceptualized a multidimensional measurement instrument that evaluates the maturity of ego-centric value networks based on the transaction relations of different strength categories that are described in business plans of early-stage technology ventures. In this paper, the research design and the instrument are purified to achieve high agreement in the evaluation of a business plan. As a result, we present an overall research design that can reach acceptable quality. The paper so contributes to the literature on business analysis in the early-stage of technology-based ventures and the research technique of content analysis.
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources... more
In this thesis I explain how research on entrepreneurial networks has been dominated by two approaches: one focussing on network structures (connections between actors) and one on network flows (exchange or transformation of resources within relationships). Using configuration theory, I then make the case for an integrated approach that considers the interdependence between network structures and network flows. To achieve this, I present three papers, the first of which has been published and the other two are being revised for publication in a journal. In the first paper I examine the affect of network embeddedness (i.e., the degree to which social structure and processes shape economic action) on the performance of new technology based firms and argue that operationalizations of network embeddedness would benefit from incorporating structural network measures as well as measures of the attributes of individual relationships. I then present a second paper in which I describe a model and method (Q-analysis) for conceptualising and measuring variations in the structure–flow interdependence of networks. Together, the model and method facilitate richer examinations of the form and function of entrepreneurial networks. In the third paper I develop a typology of four network configurations based on variations in network structural complexity and network flow complexity. I then describe how different network management capabilities are suited to each of the network configurations. Together these three papers provide contributions that will help researchers to study how structure-flow interdependence affects the configuration, multiplexity (i.e., how multiple flows interact within and across relationships) and evolution of entrepreneurial networks.
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