Assembling resources when forming a new business

Ciabuschi, Francesco; Perna, Andréa; Snehota, Ivan

doi:10.1016/j.jbusres.2010.11.029

Cited by 95 publications

(78 citation statements)

References 35 publications

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“…Our study also pulls from other process and network approaches to studies of innovation in business networks (Ciabuschi et al 2012;Hoholm 2011;Håkansson and Waluszewski 2007;Van de Ven et al 1999). …”

Section: Introductionmentioning

confidence: 80%

Internationalization of an academic invention through successive science-business networks: The case of TAVI

Михайлова

Olsen

2016

J Int Entrep

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This paper explores and discusses the internationalization of a new medical technology that emerged out of a Danish university hospital. While the particular invention took place in the periphery of the international medical network, the new venture circulated to the most competent and influential international science-business networks in order to mobilize the resources and competencies required to develop the technology and make a breakthrough into the market. The study demonstrates that such an innovation IntroductionThis article is an empirically oriented paper addressing interactions and activities in the processes that brought a radically new medical technology from invention to international medical markets. As such, the case describes a typical Born Global (BG) invention and business development process. It addresses the roles of academic, institutional and business networks through the innovation process, emphasizing how the venture moved across are also several recent calls for studies to assess factors that can either facilitate or inhibit the development of academic entrepreneurship into successful international businesses and to explore such approaches to explain it (Peiris et al. 2012;Siegel and Wright 2015).We perceive that the core issue raised by the emergence of rapidly internationalizing and scaling of the business is to understand how they apparently circumvent the time and capacity building constraints of the learning dependent process that is core to the early internationalization theory. How can these small firms internationalize so fast if they do not possess the capabilities required? There has accordingly been a pressing need to examine Recently scholars have contended the phenomena of rapid internationalization by studying BGs beyond the lifespan of the legal entity. Several studies have claimed that the pre-founding process is significantly extended, therefore, increase the period without international activities (Hewerdine and Welch 2013;Laurell et al. 2013).At the same time, scholars emphasize the role of the pre-founding period of newly established firms where the entrepreneurs build their skills and experiences and build professional/personal networks. Some studies have in particular pointed at the networking activities in pre-founding periods as a critical factor Coviello 2006;Madsen and Servais 1997;Zahra 2005). However, there is still the question of how, after obtaining such pre-expansion capacity, founders of technology-based INVs/BGs manage to govern, coordinate

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Section: Introductionmentioning

confidence: 80%

Internationalization of an academic invention through successive science-business networks: The case of TAVI

Михайлова

Olsen

2016

J Int Entrep

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“…Some entrepreneurs overcome the 'liability of newness' (Stinchcombe 1965) through a series of techniques and actions to facilitate resource assembly (Hitt et al 2011;Ciabuschi, Perna, and Snehota 2012). It is unclear whether innovative ICT platforms are simply another tool in the entrepreneur's resource assembly toolkit, or an entirely distinct mechanism for capital formation processes.…”

Section: Crowdfunding Theorymentioning

confidence: 99%

Exploring entrepreneurial legitimacy in reward-based crowdfunding

et al. 2014

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Venture financing through social networks has become a global phenomenon. The processes and drivers of crowdfunding require careful study to identify similarities and distinctions from traditional venture finance. The demonstration of project legitimacy is especially interesting because online crowdfunding limits investors' access to the entrepreneur and organisation. How do rewards-based crowdfunding projects establish and demonstrate legitimacy in this virtual, impersonal context? We employ a novel data-set collected from the Kickstarter crowdfunding platform to explore the characteristics of successful projects, including legitimating signals and content. The data reveal numerous findings linking project characteristics to legitimacy and success. First, lower funding targets and shorter duration signal legitimacy by setting modest, achievable expectations. Rewards structures, such as traditional equity investment terms, appear to generate a sense of legitimate investment returns. Finally, narrative legitimacy in the online crowdfunding context may derive more from the online platform community than the visual pitch. Our study reveals a more nuanced picture of legitimacy formation during rewards-based crowdfunding, with implications for theories of resource assembly and the practice of venture finance.

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“…In product innovation, innovation happens in R&D departments through very precise and narrowly defined sequence of activities (Cassiman, Di Guardo, and Valentini, ; Wang, Lin, and Huang, ) or through entrepreneurs inventing products that solve problems (Ciabuschi, Perna, and Snehota, ; Gibbert and Välikangas, ). However, in services innovation does not happen in the R&D department, rather it happens through networks of relationships, at touch points between service employees and customers (Santos‐Vijande et al, ; Sørensen, Sundbo, and Mattsson, ; Stockburger‐Sauer, Scholl‐Grissemann, Teichmann, and Wetzels, ), service employees, and other colleagues in different functional domains (Heirati and Siahtiri, ), and employees with other collaborators in the supply chain network (Heirati and Siahtiri, ; Lusch and Nambisan, ).…”

Section: Special Issue Contextmentioning

confidence: 99%