New high‐tech venturing as process of resource accumulation

Edwin Lin (Department of Business Administration, National Taiwan University of Science and Technology, Taipei, Taiwan)
Tom M.Y. Lin (Department of Business Administration, National Taiwan University of Science and Technology, Taipei, Taiwan)
Bou‐Wen Lin (Institute of Technology Management, National Tsing Hua University, Hsinchu, Taiwan)

Management Decision

ISSN: 0025-1747

Publication date: 7 September 2010

Abstract

Purpose

The purpose of this research is to explore, through the lens of a resource‐based view and dynamic capability theory, how new ventures in high‐technology industries accumulate resources to survive and sustain competitive advantage.

Design/methodology/approach

This study used the multiple case study approach completed for three integrated circuit (IC) design companies in Taiwan by conducting in‐depth interviews with senior executives in each case. Through the aforementioned case studies, the paper was able to summarize and verify the key elements and steps to find the customer and achieve the firm growth.

Findings

It was found that three core elements, technology, networking and legitimacy are necessary. In addition, there are emerging and embedding steps adopted by each case in this study for new ventures to successfully penetrate the market and sustain the competitive advantage.

Research limitations/implications

The findings are focused on one country, and three cases of a specific industry in Taiwan. Future research can be conducted in different cultural contexts and different industries.

Practical implications

New ventures in high‐technology industries can follow the elements and steps suggested in this research paper to accumulate their initial resources. The strategy has been proven by the case studies therein and can be considered highly applicable.

Originality/value

The paper concludes that three key resources for sustaining a company's competitive advantages are necessary. Moreover, a well‐orchestrated management is especially essential for new ventures in high‐technology industries to succeed.

Keywords

Citation

Lin, E., Lin, T. and Lin, B. (2010), "New high‐tech venturing as process of resource accumulation", Management Decision, Vol. 48 No. 8, pp. 1230-1246. https://doi.org/10.1108/00251741011076762

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited

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