Development of Competitive Advantage of Small Innovative Firm – How to Model Business Advice Influence within the Process?

Łobacz, Katarzyna; Głodek, Paweł

doi:10.1016/s2212-5671(15)00353-6

Cited by 20 publications

(19 citation statements)

References 32 publications

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“…Moreover, as Łobacz and Głodek (2015) points out, new venture creation process is about capturing and transforming opportunities into market offers based on resources which are under control of an entrepreneur. Thus, new venture emergence requires the identification and exploitation of market opportunities, as well as the acquisition, configuration and integration of resources to meet the perceived market needs (Łobacz & Głodek, 2015). This process is an iterative process where startups need to adapt and modify their approach over time as they do not tend to predict accurately opportunities or how to address them (Sommer, Loch, & Dong, 2008).…”

Section: Dynamic Capabilities and Business Acceleratorsmentioning

confidence: 99%

Cómo las aceleradoras de empresas fomentan las capacidades dinámicas de las start-ups: un estudio de caso

García-Ochoa

2020

esicm

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Objective: This study explores how business accelerators programs can impact on the successful growth of their accelerated start-ups based on the dynamic capabilities’ perspective. The author investigates business accelerators practices and tools in supporting new ventures development with the aim of addressing the following research question: To what extend can start-ups benefit from participating in an accelerator program from the dynamic capabilities’ perspective? Methodology: Given the lack of literature on business acceleration practices and on how them influences a start-up’s dynamic capabilities generation, the authors conducted an exploratory case study in a Spanish business accelerator. Results: The business accelerator provide startups with a mix of services embedded in specific practices and tools resulting in the generation of the dynamic capabilities of sensing the market, absorption, integration, and innovation in its startups. Limitations: This study focuses on a single case study resulting in a limited generalization of its findings. Practical implications: This paper open new paths for business accelerators and other institution decision makers by giving guidelines to design business acceleration programs allowing them to allocate resources in a more rational way. It also offers a valuable perspective for founders on the ways of satisfying their needs to complete their business potential. It also offers them an initial checklist of practices to be aware of when deciding to apply to a business accelerator. Also, we add a new perspective to study business accelerator contributions and shed some light on what specific accelerators’ tools and practices may facilitate positive effects in startups.

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Section: Dynamic Capabilities and Business Acceleratorsmentioning

confidence: 99%

Cómo las aceleradoras de empresas fomentan las capacidades dinámicas de las start-ups: un estudio de caso

García-Ochoa

2020

esicm

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“…The distinction between the use and the utilisation offers a new framework in which variables common for all the cases are consistent and known. It also opens paths for a further process analysis, and thus the measurement of a short and long term impact, or even for distinguishing between the impact and the influence considering different time perspectives as specified by Łobacz and Głodek (2015). We may assume that an equally important effect of the advice is enlargement of the knowledge base of the small firm, which may be applicable to subsequent growth phases of the enterprise.…”

Section: Discussionmentioning

confidence: 99%

Utilisation of Business Advice in Small Innovative Firms: the Role of Trust and Tacit Knowledge

Łobacz¹,

Głodek²,

Stawasz³

et al. 2016

EBER

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The aim of this paper is to expand the understanding of the influence of trust relationship, as well as tacit knowledge on the process of business advice utilisation in small innovative firms. Research Design & Methods: The analysis is based on empirical research conducted with the use of the explorative approach. The multiple case study methodology was used. Findings: Trust relationships as well as tacit knowledge were identified as factors essential to the process of utilisation of business advice in small innovative firms. It was recognised that the significance of both factors is related not only to the process of advice, but also as a purpose of activities happening prior to advice. They are referred to as the initial phase. Implications & Recommendations: The findings provide implications for further research of the structure of the process of business advice utilisation. It is related to the inclusion of the "initial phase", as well as to the necessity to include both factors in further research. The paper also provides implications related to the measurement of business advice output, and recommendations on the construction of public policy instruments. Contribution & Value Added: The originality of this work lies in using the process perspective and qualitative methodology in the field of the utilisation of business advice. It extends our understanding of the processes of business advice with regard to trust, as well as the use of tacit knowledge. The original contribution is to add the "initial phase" to the description of the business advice process. Article type: research paper

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“…The model has been designed in order to capture innovation as a growth facilitator of early stage business venture. It's feasibility has been proved in previous studies, to include studies on development of academic entrepreneurship (Łobacz, 2012) and studies of business advise support for small innovative firms (Łobacz, Głodek, 2015).…”

Section: Innovation In the Entrepreneurial Venturing Process -Theoretmentioning

confidence: 99%

Innovating and growing service-based entrepreneurial business – development model based on European and Asian case studies

Łobacz

2018

European Journal of Service Management

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The main purpose of this paper is analysis of development patterns of service-based entrepreneurial businesses in line with their ability to innovate and grow. The qualitative analysis using process perspective is based on cased studies of the early stage companies from Poland, UK, Vietnam and Indonesia. The study, using systematic grounded theory approach was conducted in the years 2010-2018. The analysis reveals similar development patterns of service-based entrepreneurial businesses in all countries, thus enabling a formulation of 5-stages development model, which is highly knowledge intensive and allows service-based companies to propose radical innovations at the later stages. By providing insights into innovation generation and implementation by service-based entrepreneurial businesses, results of the study enrich the idea of how innovativeness of small service companies can be measured and supported.

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Development of Competitive Advantage of Small Innovative Firm – How to Model Business Advice Influence within the Process?

Cited by 20 publications

References 32 publications

Cómo las aceleradoras de empresas fomentan las capacidades dinámicas de las start-ups: un estudio de caso

Cómo las aceleradoras de empresas fomentan las capacidades dinámicas de las start-ups: un estudio de caso

Utilisation of Business Advice in Small Innovative Firms: the Role of Trust and Tacit Knowledge

Innovating and growing service-based entrepreneurial business – development model based on European and Asian case studies

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