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Open Access
Article
Publication date: 31 August 2020

Alessandro Pagano, Francesco Petrucci and Roberta Bocconcelli

This paper aims to examine the emergence of passion-driven entrepreneurship within the context of small and medium-sized towns (SMSTs). SMSTs are seen as peripheral areas lacking…

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Abstract

Purpose

This paper aims to examine the emergence of passion-driven entrepreneurship within the context of small and medium-sized towns (SMSTs). SMSTs are seen as peripheral areas lacking the resources to support autonomous economic development and renewal. The paper explores the relationship between entrepreneurship and the context of SMSTs through the concepts of entrepreneurial passion (EP) and domain passion (DP). Industrial marketing and purchasing approach is adopted as a theoretical foundation to conduct the analysis through the actors–activities–resource framework.

Design/methodology/approach

This paper adopts a multiple case-study methodology. Two passion-driven entrepreneurial ventures (PDEVs) have been traced from the conception of the initial idea until the new ventures establishment.

Findings

EP and DP emerge as key resources in transforming the initial idea into a real entrepreneurial venture in resource-scarce settings as SMSTs. Shared passion fosters the involvement of local actors and the propensity to overcome relevant hurdles in the entrepreneurial process.

Originality/value

This paper contributes to the literature on entrepreneurship through the analysis of the role of PDEVs in SMSTs’ contexts. It highlights the role of “passion for place” as a new dimension of passion in entrepreneurial studies. From a managerial perspective, it emphasizes the role of passion as a key resource for networking and marketing. From a policy perspective, it calls for monitoring and support for training, funding and networking.

Details

Journal of Business & Industrial Marketing, vol. 36 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 29 October 2018

Francesco Petrucci

The purpose of this paper is to preliminary attempt to deal with the phenomenon of business incubation from the industrial network perspective (Hakansson et al., 2009). The study…

1337

Abstract

Purpose

The purpose of this paper is to preliminary attempt to deal with the phenomenon of business incubation from the industrial network perspective (Hakansson et al., 2009). The study draws on the Industrial Marketing and Purchasing (IMP) insights on new business formation and development in business networks as a starting point to shed light on the incubator–incubatee relationship content and development to see how this specific relationship influences the development process of a mid-stage business venture. The author believes that the IMP tradition – with its focus on interactions in business relationships – can positively contribute to implementing this neglected topic of incubation research.

Design/methodology/approach

The paper develops a longitudinal case study describing a mid-stage start-up venture initiating and developing a business relationship with a private business incubator. The relationship is explored through an abductive research design grounded in the IMP ARA model of analysis. The investigation focuses on how the incubation process unfolds through resources’ and actors’ interactions at different scales of analysis: the focal dyad, the incubation internal environment and the surrounding network. Particular “contextual” emphasis is put on new venture’s prior relationships. The study reveals three main findings.

Findings

Business incubation results as an emergent, and interdependent, process of interaction that develops among the incubator, the incubatee and external networked actors. In this perspective, the paper aims to re-discuss the role of the incubator in the process of forming and developing a new company considering its minor role in the wider developmental setting surrounding the incubatee.

Research limitations/implications

The paper introduces IMP concepts to business incubation debates, which can positively challenge and provide novel explanations about the recurring gaps of the literature. Further research should provide more detail on the role and functioning of interactive incubation in a business network context, addressing complex topics such as incubation performance and outcomes. Further research should also deepen and discuss the role of incubation relationships within the set of initial relationships of a new venture.

Practical implications

This analysis can be used to revise the general approach to the management and configuration of business incubators. Present insights could be helpful, in fact, to design more effective incubation offerings and models, as well as develop best managerial practices targeted at interacting with new venture especially in the resource dimension, both within and outside the incubation environment.

Originality/value

The incubation dyad, as a unit of analysis, has been scarcely addressed in incubation research. This is central for addressing the role of interactions, relationships and networks in incubation, all elements which have been too scarcely investigated. In addition, the paper deals with a private business incubator, a particular model which is in need for more research. Finally, the case of an established new venture which decides to enter a business incubator at a later stage of its development represents a peculiar case which does not fit classical research typically focused on new ventures “born and raised” entirely in incubation.

Details

IMP Journal, vol. 12 no. 3
Type: Research Article
ISSN: 2059-1403

Keywords

Open Access
Article
Publication date: 3 June 2022

Francesco Petrucci and Matilde Milanesi

To the best of the authors’ knowledge, this paper is a first attempt to deal with the phenomenon of new venture failure from the business network perspective of the Industrial…

Abstract

Purpose

To the best of the authors’ knowledge, this paper is a first attempt to deal with the phenomenon of new venture failure from the business network perspective of the Industrial Marketing and Purchasing (IMP) Group. In particular, this study aims to explore the post-failure phase of a new venture to investigate what happens to the new venture’s resources and relationships in the aftermath of its failure and the role of the entrepreneur in this process.

Design/methodology/approach

The paper builds on an explorative multiple case study of two failed new ventures, unfolding the failure and post-failure phase: evidence from both cases is confronted and discussed.

Findings

This study shows that the post-failure is a complex phase of recombination of activities and residual resources that may lead to new business opportunities. It is discussed that residual resources influence the direction and extent of post-failure activities in terms of restrictions as well as opportunities to restart new projects or ventures. It is also shown how the entrepreneur deals with the “business remains”.

Originality/value

While much attention has been devoted to new ventures’ failure, the paper focuses on the post-failure phase, an almost neglected topic in industrial marketing research. This study sheds some new light upon the journey through which entrepreneurs come to develop the set of resources, activities and relationships that are not only key to the establishment of the venture but also relevant in the complex and intricate trajectories of post-failure.

Details

Journal of Business & Industrial Marketing, vol. 37 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

Open Access
Article
Publication date: 29 October 2021

Fulvio Fortezza, Alessandro Pagano and Roberta Bocconcelli

Even though the crowdfunding (CF) literature is rapidly reaching its maturity phase, the topic of serial CF (i.e. the participation in more than one CF campaign) is as much…

1441

Abstract

Purpose

Even though the crowdfunding (CF) literature is rapidly reaching its maturity phase, the topic of serial CF (i.e. the participation in more than one CF campaign) is as much promising as still largely under explored. This study thus aims to offer a thorough view of the dynamic and complex processes characterizing the participation of the start-ups to more than one campaign adopting a business network perspective.

Design/methodology/approach

In line with an explorative research aim, a multiple case study analysis is performed by taking into consideration four start-ups engaged in more than one CF campaigns with different combinations of equity and non-equity CF, adopting the actor–resource–activity (ARA) model as theoretical framework.

Findings

Multiple CF campaigns are embedded in the overall changing startup’s network and are affected by the concurrent and overlapping startup’s development processes. From this standpoint, the adoption of the ARA model suggests to reconsider the “serial” dimension of multiple CF campaigns. These processes can be more or less “linear” as they could be affected by the combination of CF schemes and by the degree of alignment of actors, activities and resources, whose “assembly” can be facilitated by learning processes and impaired by unexpected circumstances.

Originality/value

This paper explores in depth the startup’s serial CF journey, building on recent studies calling for stronger analyses of the directions and outcomes of innovative funding trajectories pursued and implemented by new business ventures. From this standpoint, to the best of the authors’ knowledge, this is the first study to consider a complete spectrum of combinations between CF schemes within serial CF, thus allowing for a better understanding of the role of such a factor within a dynamic and contextual view, that is, that offered by the business network perspective. This paper also contributes to the Industrial Marketing and Purchasing research on start-ups.

Details

Journal of Business & Industrial Marketing, vol. 36 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 17 August 2015

Francesca Ostuzzi, Valentina Rognoli, Jelle Saldien and Marinella Levi

This paper aims to present a pilot study’s aims to identify opportunities and limits deriving from the use of low-cost 3D printing (3DP), fused deposition modelling (FDM)…

797

Abstract

Purpose

This paper aims to present a pilot study’s aims to identify opportunities and limits deriving from the use of low-cost 3D printing (3DP), fused deposition modelling (FDM), open-source technologies in co-design and co-production processes involving persons with rheumatic diseases (RDs).

Design/methodology/approach

In the paper, the authors outline why the use of low-cost, entry-level FDM can be meaningful for this scenario, implying a complete sharing of the design and the production phases of small assistive devices. The +TUO process is composed of several stages, among which the generative session represents the core.

Findings

This study highlights as the introduction of this low-cost technology in co-generative processes with people with RDs is a real challenge that can lead to new products and solutions, and that can sustain a social and local manufacturing approach for people facing a specific disablement.

Research limitations/implications

This research is a first step of a broader research, new researches are going to explore further details related with the technology and of the adopted method.

Practical implications

Involving actively, the end user during the creation process can bring advantages such as meeting more precisely their needs and create innovative products, as shown in the text.

Social implications

For people living with RDs, an occupation is important to sustain a process of empowerment. Adopting assistive devices supports daily activities and facilitates the occupation.

Originality/value

+TUO is a pilot study that explore a topic already discussed in the scientific arena, without focusing on the specific use of low-cost 3DP technologies.

Details

Rapid Prototyping Journal, vol. 21 no. 5
Type: Research Article
ISSN: 1355-2546

Keywords

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