{"title":"Business modeling under adversity: Resilience in international firms","authors":"Tamara Galkina, I. Atkova, Peter Gabrielsson","doi":"10.1002/sej.1474","DOIUrl":"https://doi.org/10.1002/sej.1474","url":null,"abstract":"This study employs resilience theory and examines the dynamics of business modeling in international firms that enable them to resist environmental shocks under the adverse conditions of a global pandemic. Our multiple‐case study shows that firms develop various dynamic states of their business models (BMs) during the resilience process; each state differs in terms of the scope of BM change and the concurrent degree of BM innovativeness. Shifts in dynamic states result from attaining certain resilience capabilities. We contribute to the dynamic view on BMs, and the process perspective on organizational resilience; we also advance BM research in the context of internationalization.Under conditions of extreme disruptions that take the form of long‐lasting adversity, international firms need to continuously adjust their BMs to brave force majeure and remain resilient. This study takes a dynamic perspective on business modeling and examines how international firms develop different dynamic states of their BMs to stay resilient under extreme uncertainty; each state differs in terms of the scope of BM change, concurrent degree of BM innovativeness and the attained resilience capabilities. We show that business modeling is a continuous task of international firms that allows them not only to resist adversity but also to open new markets.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42992946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"After the startup: A collection to spur research about entrepreneurial growth","authors":"James G. Combs, D. Ketchen, S. Terjesen, D. Bergh","doi":"10.1002/sej.1476","DOIUrl":"https://doi.org/10.1002/sej.1476","url":null,"abstract":"Entrepreneurship researchers have made great strides toward understanding who discovers and/or creates opportunities, how they validate a business model, and how they attract resources, but far less is known about what happens next. Beyond gathering resources, how do entrepreneurs build a growing organization once customer enthusiasm has been demonstrated? What has been learned is fragmented across theoretical perspectives and activities related to growth. We describe a collection of articles that spotlight different theories and organize the articles according to key activities: (1) building internal resources and capabilities, (2) leveraging partnerships, (3) taking strategic actions, and (4) managing interactions among resources, partners, and actions. Juxtaposing these activities with theories from the collection, we offer a research agenda designed to spur research to fill gaps in understanding of how entrepreneurs successfully manage growth.The period of an organization's development between the startup stage and becoming an established firm presents unique challenges. We spotlight a set of articles that have provided insights into how organizations can overcome these challenges. We then add our own perspective by providing research ideas that scholars can investigate in order to generate additional insights.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47229020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Declining science‐based startups: Strategic human capital and the value of working in startups versus established firms","authors":"Yuheng Ding, T. Åstebro, Serguey Braguinsky","doi":"10.1002/sej.1477","DOIUrl":"https://doi.org/10.1002/sej.1477","url":null,"abstract":"We document that since 1997, the rate of startup formation has precipitously declined for firms operated by US PhD recipients in science and engineering. We explore how increasing knowledge complexity can be associated with fewer science‐based startups. The decline in startup formation is accompanied by an earnings decline, increasing work complexity in R&D, and more administrative work for science‐based founders. Founding a startup appears to have become increasingly harder over the past 20 years, while established firms are becoming more attractive workplaces for PhDs.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45999760","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Morris, Chad Carlos, Geoffrey M. Kistruck, Robert B. Lount, Tumsifu Elly Thomas
{"title":"The impact of growth mindset training on entrepreneurial action among necessity entrepreneurs: Evidence from a randomized control trial","authors":"S. Morris, Chad Carlos, Geoffrey M. Kistruck, Robert B. Lount, Tumsifu Elly Thomas","doi":"10.1002/sej.1472","DOIUrl":"https://doi.org/10.1002/sej.1472","url":null,"abstract":"","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43671363","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E. Pahnke, David G. Sirmon, Jen Rhymer, Joanna T. Campbell
{"title":"Resource interdependence and successful exit: A configurational perspective on young technology firms","authors":"E. Pahnke, David G. Sirmon, Jen Rhymer, Joanna T. Campbell","doi":"10.1002/sej.1471","DOIUrl":"https://doi.org/10.1002/sej.1471","url":null,"abstract":"Research Summary: Successful exits are important outcomes for young technology firms. Research has investigated how individual resources affect exit, but both foundational RBV scholarship and newer microfoundations work suggest the need to examine resource configurations in specific contexts. Using an abductive approach and fsQCA methodology, we explore how resource configurations affect exit in the U.S. minimally invasive medical device industry. We find no single resource is necessary or sufficient for exit. Instead, we find four unique equifinal configurations of resources that are sufficient to support exit in certain contexts. Further, these configurations are largely replicated when we distinguish specific exit modes (IPO vs. acquisition). This study advances growing conversations on the role of resource configurations in entrepreneurship with an emphasis on interdependence, complexity, and equifinality of exit. Managerial Summary: New firms' early resource portfolios are powerful determinants of their future success. No theory exists, however, to predict if or how the combinations of these resources affect young technology ventures' abilities to achieve a successful exit — an outcome important to founders and early investors. In this study, we utilize fsQCA to explore this issue on a sample of startups in a segment of","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48669891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fintech and banks as complements in microentrepreneurship","authors":"A. Adbi, Siddharth Natarajan","doi":"10.1002/sej.1470","DOIUrl":"https://doi.org/10.1002/sej.1470","url":null,"abstract":"","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"1 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42074227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
P. Davidsson, J. Recker, Dominic Chalmers, S. Carter
{"title":"Environmental change, strategic entrepreneurial action, and success: Introduction to a special issue on an important, neglected topic","authors":"P. Davidsson, J. Recker, Dominic Chalmers, S. Carter","doi":"10.1002/sej.1464","DOIUrl":"https://doi.org/10.1002/sej.1464","url":null,"abstract":"Research Summary: The two premises that underpin this SEJ Special Issue on Environmental Change, Strategic Entrepreneurial Action, and Success are that all environmental changes provide positive potentials for some ventures, and that this has been under-emphasized in past theory and research. After stating these premises and illustrating how present research treats the environment, we proceed to explain how the five articles selected for the special issue advance our thinking in this domain. We then broaden our discussion to how future entrepreneurship research can make further progress by studying interaction among environmental changes as well as their links to entrepreneurial agents, contexts (sectoral, spatial, organizational, etc.) and the entrepreneurial artifact (emerging venture). Throughout, the focus is on the enabling rather than constraining role of environmental changes. Managerial Summary: The COVID-19 pandemic, the digital revolution, and the sustainability transition forced by climate change demonstrate significant business impact of environmental changes, including potentials for new business initiatives. This editorial and the five vanguard articles included in this SEJ Special Issue on Environmental Change, Strategic Entrepreneurial Action, and Success outline how future research can develop better theory and evidence on this important topic. The articles address matters ranging from how COVID-19 facilitated some technology firms' recruiting and reignited media firms' dormant initiatives to how environmental degradations sparked entrepreneurial ecosystem development in Kenya, how the level of environmental dynamism at a venture's birth impact its current ability to benefit from change, and the consequences of passing on potentials provided by environmental change.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48147498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Strategic leadership in liminal space: Framing exploration of digital opportunities at hierarchical interfaces","authors":"F. Putra, K. Pandza, S. Khanagha","doi":"10.1002/sej.1465","DOIUrl":"https://doi.org/10.1002/sej.1465","url":null,"abstract":"","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45220850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate venture capital contributions to strategic renewal: Neglected paths and barriers","authors":"Erwin Danneels, Danny Miller","doi":"10.1002/sej.1463","DOIUrl":"https://doi.org/10.1002/sej.1463","url":null,"abstract":"","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":" ","pages":""},"PeriodicalIF":6.3,"publicationDate":"2023-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45716986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}