| 1. |
- Anokhin, Sergey, et al.
(författare)
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Corporate venturing deal syndication and innovation : the information exchange paradox
- 2011
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Ingår i: Long range planning. - : Elsevier BV. - 0024-6301 .- 1873-1872. ; 44:2, s. 134-151
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Tidskriftsartikel (refereegranskat)abstract
- Many incumbent corporations make equity investments in young technological start-ups to enhance their innovation effectiveness, and the great majority syndicate at least some of their investments with other incumbents. While syndication is generally held to benefit incumbent corporations, this study demonstrates that it may also be detrimental to corporate innovation, by elaborating the notion of an information exchange paradox - essentially, that information exchanges within CVC networks must, somehow, be both open and closed at the same time. Corporations must try to appropriate the knowledge championed by their investees and fellow-investors, but also protect their own know-how from leaking to competitors. Unlike prior CVC research, we demonstrate that knowledge sharing in open innovation forums may be counterproductive. Using a unique data set of the investment decisions made by 163 corporations over four years we show that, for some, participating in syndicate networks may involve losses that outweigh their gains. Our analysis establishes two key findings. First, corporations need to consider the trade-off between the number of ventures they support and the position they take in their syndication networks. The best strategies appear to be maximizing isolationist (supporting many ventures but staying away from the network centre) or minimizing centralist (supporting few ventures, but occupying a central network position) - the other two options (maximizing centralist and minimizing isolationist strategies) are far less effective in converting CVC investments into corporate innovation. Second, this picture is particularly applicable to highly concentrated industries dominated by several powerful incumbents: in fragmented industries these strategy differences are far less pronounced, so the choice of CVC syndication strategy will depend on other considerations. This supports a contingency view of syndication, implying that ensuring incumbent corporations really benefit from equity investments in start-ups is a not a trivial task for their managers
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| 2. |
- Arbuthnott, A., et al.
(författare)
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Reduced opportunities for regional renewal : The role of rigid threat responses
- 2011
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Ingår i: Entrepreneurship and Regional Development. - : Informa UK Limited. - 0898-5626 .- 1464-5114. ; 23:7-8, s. 603-635
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Tidskriftsartikel (refereegranskat)abstract
- This article illustrates how opportunities for regional renewal in a peripheral region may be reduced by rigid threat responses undertaken by established firms operating within traditional regional industry. In an inductive case study of new biorefinery industry initiatives in a region where traditional pulp-and-paper and forestry industry was in decline, we used primary and secondary data to outline how a set of new industry players who created innovative ways of using existing regional infrastructures and resources sparked rigid threat responses among established firms from the struggling traditional industry. Established industry firms framed new industry initiatives as threats, and responded by (1) reducing new industry actors' possibilities for new business development, (2) engaging in entrenched resistance, (3) creating collaborative illusions and (4) undermining the fundamentals of the new industry. Consequently, this study contributes to existing literature by proposing the potential of applying the threat-rigidity thesis on a regional level. This is achieved by illustrating that conflicting behaviours between new and established regional industry actors constrain opportunities for regional renewal in a peripheral region. As such, relevant directions for future research and policy implications are outlined
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| 3. |
- Arbuthnott, Andrew, et al.
(författare)
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Reduced opportunities for regional renewal : The role of rigid threat responses among a region's established firms
- 2011
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Ingår i: Entrepreneurship and Regional Development. - : Routledge. - 0898-5626 .- 1464-5114. ; 23:7-8, s. 603-635
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Tidskriftsartikel (refereegranskat)abstract
- This article illustrates how opportunities for regional renewal in a peripheral region may be reduced by rigid threat responses undertaken by established firms operating within traditional regional industry. In an inductive case study of new biorefinery industry initiatives in a region where traditional pulp-and-paper and forestry industry was in decline, we used primary and secondary data to outline how a set of new industry players who created innovative ways of using existing regional infrastructures and resources sparked rigid threat responses among established firms from the struggling traditional industry. Established industry firms framed new industry initiatives as threats, and responded by (1) reducing new industry actors' possibilities for new business development, (2) engaging in entrenched resistance, (3) creating collaborative illusions and (4) undermining the fundamentals of the new industry. Consequently, this study contributes to existing literature by proposing the potential of applying the threat-rigidity thesis on a regional level. This is achieved by illustrating that conflicting behaviours between new and established regional industry actors constrain opportunities for regional renewal in a peripheral region. As such, relevant directions for future research and policy implications are outlined.
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| 4. |
- Bergh, Pontus, 1976-, et al.
(författare)
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Entrepreneurs learning together : the importance of building trust for learning and exploiting business opportunities
- 2011
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Ingår i: The International Entrepreneurship and Management Journal. - : Springer Science. - 1554-7191 .- 1555-1938. ; 7:1, s. 17-37
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Tidskriftsartikel (refereegranskat)abstract
- This longitudinal, qualitative case study examines trust-building processes and learning outcomes among entrepreneurs who participated in formal networks designed to develop competence and knowledge. This study is built on rich data collected through observation and video recordings made during network meetings and get-togethers. Additional data was gleaned from personal interviews with participating entrepreneurs. All data sources reveal on how trust develops and how entrepreneurs can use networks to learn and improve their capacity to exploit business opportunities. Studying how trust is built over time among entrepreneurs who demonstrate a low level of trust when they join the network, this study provides insights into micro-processes and important components of building trust. Findings suggest three processes that build commitment, companionship, and competence trust. Moreover, acknowledging the notion of social learning, the findings suggest that when entrepreneurs build trust with one another they can experience cognitive, emotional, and social changes by participating in a network. This may bring potential consequences for their exploiting opportunities. Implications for academics and managers are discussed.
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| 5. |
- Bergh, Pontus, 1976-, et al.
(författare)
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Trust and self-efficacy in formal learning networks : the effects on entrepreneurs’ capacity to act upon business opportunities
- 2012
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Ingår i: International Journal of Innovation and Learning. - : Inderscience. - 1471-8197 .- 1741-8089. ; 12:2
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Tidskriftsartikel (refereegranskat)abstract
- In efforts to promote better realization of business opportunities, government support of formal policy led learning networks among entrepreneurs has been a popular approach world-wide. This article uses survey data from 109 entrepreneurs who took part in formal learning networks to examine how trust in network partners influences the capacity to act upon business opportunities for entrepreneurs. Further, we examine how this influence is moderated by the entrepreneurs’ own self-efficacy. Our results support a positive relationship between developing trust in other networking entrepreneurs and the capacity to act upon business opportunities. Self-efficacy was found to moderate this relationship. For entrepreneurs with low self-efficacy, results support an inverted U-shaped relationship, with the greatest outcomes reached with an intermediate level of trust. For entrepreneurs with high self-efficacy, a positive linear relationship is supported. We discuss implications for further research on trust and realization of opportunities, and for learning network policy.
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| 6. |
- George, Nerine Mary, et al.
(författare)
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How are opportunities recognized? : An overview of the field
- 2013
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Ingår i: Uddevalla Symposium 2013. Innovation, High-Growth Entrepreneurship and Regional Development. - Trollhättan : Högskolan Väst. - 9789197794374 ; , s. 325-344
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Konferensbidrag (refereegranskat)
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| 7. |
- Omorede, Adesuwa, et al.
(författare)
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Obsessive passion, competence, and performance in a project management context
- 2013
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Ingår i: International Journal of Project Management. - : Elsevier BV. - 0263-7863 .- 1873-4634. ; 31:6, s. 877-888
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Tidskriftsartikel (refereegranskat)abstract
- Obsessive passion is when people have a strong inclination toward an activity that they like, find important, and in which they spend significant time, but also feel internal pressure to engage in. Prior research has demonstrated that obsessive passion typically brings several negative consequences. The present study nuances the picture by showing that there are indeed conditions when obsessive passion can be beneficial and that it has an important role for project management. It develops and tests hypotheses on the role of project leaders' obsessive passion for project goals. Results support that challenging goals are attained to a greater extent if the project leader scores high on obsessive passion. Such obsessive passion, in turn, is a result of the project leader's competence (positive relationship) and the team's competence (inverted U-shaped relationship). These results have important implications for theory and future research on passion, goal theory, and competence in projects.
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| 8. |
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| 9. |
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| 10. |
- Omorede, Adesuwa, et al.
(författare)
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Small Scale Entrepreneurs’ Potential for Driving Community Development
- 2014
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Konferensbidrag (refereegranskat)abstract
- Aim of the paperThe purpose of this study is to examine and illustrate the interplay between individual entrepreneurs and the organization in social entrepreneurship towards achieving community development. The study focused on addressing two research questions to achieve this aim. First, what role can passionate individuals play in social entrepreneurship? Second, how does the social entrepreneur’s personal performance feed back to the individual? Contribution to the literature The findings make a series of contributions to research. Foremost, the present study provides empirical evidence on how the leader as an individual is important for the social venture. Little previous research has focused on this aspect of organizational management. Instead, theoretical research has focused on conceptualizing social entrepreneurship (e.g., Haugh, 2007; Lumpkin et al., 2013; Weerawardena & Mort, 2001), and empirical studies have focused on social entrepreneurs as change agents (Partzsch & Ziegler, 2011), entrepreneurial models (Mair et al., 2012), and ranking success factors (Sharir & Lerner, 2006). To shed light on the social entrepreneur’s behavior, as we do, adds an active and vivid element to the interplay between the social entrepreneur and the social organization. It does not merely confirm that the individual is important, but helps us develop a tentative model regarding how the leader is important. In doing so, we offer a greater. Second, although social entrepreneurship is a global phenomenon, African countries are underrepresented in the research (for exceptions see Ndemo, 2006; van Rensburg, Veldsman, & Jenkins, 2008; Nwankwo, Phillips, & Tracey, 2007). By drawing on data from entrepreneurs working in Nigeria, the present study contributes to building richer theory.Methodology We used an inductive study to gain greater understanding of the individual−organizational interplay in social venturing. Our sample included 37 individuals leading nonprofit NGOs in Nigeria. In addition, data was collected from 63 individuals surrounding these social entrepreneurs. A semi- structured interview was conducted and lasted from 5-80 minutes. Data analysis followed three steps. First We engaged in open coding. Second, the open coding was used for axial coding, meaning that conceptually similar codes were grouped into more abstract constructs. And finally, we identified dimensions underlying the constructs through axial coding (“organizational power, “community development,” and “personal performance”)Results and implications Findings suggest that social entrepreneurs play significant roles in the organizational power of the enterprise such as engaging in mobilizing resources; promoting in-house commitment within and between members of the organization and also promoting the attractiveness of the enterprise. In addition, promoting community development was another significant role played by social entrepreneurs to promote social impact. Specifically, building organizational power resulted in community development leading to the development of the communities through empowerment; raising awareness; and role modeling. Finally, the findings revealed that the social entrepreneurs perceived how they were performing in terms of both organizing (organizational power) and creating social value (community development). Specifically, the data indicated that their perceived personal performance, which impacted their future behavior and commitment for the social cause was represented by the three indicators: (1) organizational success, (2) affecting others’ lives, and (3) needs that remained unmet.
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