Abstract
| Original language | English |
|---|---|
| Publication status | Published - 2012 |
| Event | Academy of Management Annual Meeting: The Informal Economy - Boston, United Kingdom Duration: 3 Aug 2012 → 7 Aug 2012 http://aom.org/Meetings/annualmeeting/past-meetings/theme2012.aspx |
Conference
| Conference | Academy of Management Annual Meeting |
|---|---|
| Country | United Kingdom |
| City | Boston |
| Period | 3/08/12 → 7/08/12 |
| Internet address |
Fingerprint
Keywords
- New Ventures
- Strategic Renewal
- Competitive Advantage
Cite this
Strategic renewal and competitive advantage in opportunity-driven and conservative new ventures. / Burgers, Henri; Sawang, Sukanlaya.
2012. Paper presented at Academy of Management Annual Meeting, Boston, United Kingdom.Research output: Contribution to conference › Paper
}
TY - CONF
T1 - Strategic renewal and competitive advantage in opportunity-driven and conservative new ventures
AU - Burgers, Henri
AU - Sawang, Sukanlaya
PY - 2012
Y1 - 2012
N2 - Strategic renewal has received relatively little attention in the context of new ventures. We examine the relationship among strategic renewal, competitive advantage and performance in opportunity-driven and conservative new ventures. Based on longitudinal data of a random sample of almost 373 new ventures, the link between strategic renewal and performance can be better understood by adding the mediating role of competitive advantage. Our results indicate that increased levels of strategic renewal positively relate to competitive advantage in conservative ventures, but not in opportunity-driven ventures. These findings place a different perspective on the dominant view that entrepreneurs should be opportunity maximizers. It suggests that both conservative and opportunity-driven new ventures can be successful if they follow different paths of strategic renewal in shaping competitive advantage.
AB - Strategic renewal has received relatively little attention in the context of new ventures. We examine the relationship among strategic renewal, competitive advantage and performance in opportunity-driven and conservative new ventures. Based on longitudinal data of a random sample of almost 373 new ventures, the link between strategic renewal and performance can be better understood by adding the mediating role of competitive advantage. Our results indicate that increased levels of strategic renewal positively relate to competitive advantage in conservative ventures, but not in opportunity-driven ventures. These findings place a different perspective on the dominant view that entrepreneurs should be opportunity maximizers. It suggests that both conservative and opportunity-driven new ventures can be successful if they follow different paths of strategic renewal in shaping competitive advantage.
KW - New Ventures
KW - Strategic Renewal
KW - Competitive Advantage
M3 - Paper
ER -