Does Start-Up Founding Strategy Increase or Decrease the Effects of Strategic Capabilities on New Venture Performance?

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2021-07-15 DOI:10.1515/erj-2019-0274

Haili Zhang, S. Hao, Michael Song

引用次数: 0

Abstract

Abstract Many studies have provided evidence of a positive relationship between strategic capabilities and new venture performance. This study applies the resource-based view and strategic fit theory to develop a model that investigates how startup founding strategy affects the strength of the strategic capabilities–performance relationship in new ventures. We conduct an empirical study of 146 U.S. new ventures and 425 Chinese new ventures to test the proposed model. The results show that, for U.S. ventures, technology-driven strategy increases the effect of technology capabilities on new venture performance but decreases the effects of marketing and market-linking capabilities on new venture performance. By contrast, Chinese ventures' technology-driven strategy has a significantly negative moderating effect on the relationship between market-linking capabilities and performance. We discuss the implications of the empirical findings for ventures pursuing technology-driven and market-driven strategies.

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创业战略对新创企业绩效的影响是增强还是减弱?

许多研究提供了战略能力与新创企业绩效之间正相关关系的证据。本文运用资源基础理论和战略契合理论，构建了创业战略对新创企业战略能力-绩效关系强度的影响模型。我们对146家美国新创企业和425家中国新创企业进行了实证研究，以检验所提出的模型。研究结果表明，对于美国创业公司而言，技术驱动战略增加了技术能力对新创企业绩效的影响，而降低了营销和市场链接能力对新创企业绩效的影响。相比之下，中国企业的技术驱动战略对市场连接能力与绩效之间的关系具有显著的负向调节作用。我们讨论了实证结果对追求技术驱动和市场驱动战略的企业的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.