Search results

In pursuit of socio-economic growth, scholars and policymakers in emerging economies continues to show interest in understanding technology-based start-up (i.e. tech start-up) emergence, to help mitigate persistent failure experienced during commercialization. Howbeit, some scholars lamented that extant studies that investigated tech start-up emergence are mostly fragmented, because they focus on specific event/sub-process in tech start-up gestation. Thus, this study aims to conduct a systematic literature review to discover, harmonize and develop a framework that describes the interaction among varying dimensions of events/sub-processes that characterizes tech start-up emergence in an emerging economy.

To conduct this study, the authors engaged a concept-centric systematic literature review. Having developed a search protocol, the authors searched through information systems database, and other relevant discipline databases, to select relevant articles for review.

The systematic review revealed various dimensions of events (i.e. opportunity discovery and selection, team formation and domain consensus, bootstrapping and the development of minimum viable product and market experimentation feedback) that are critical to tech start-up emergence. Most prior studies are isolated, as they focus their investigation on specific event. Thus, from this review, the authors developed a framework harmonizing various dimensions of events characterizing emergence of a viable tech start-up.

The researchers conducted this study in response to lingering call for harmonized study that provides in-depth description of how different dimensions of events interact and characterize tech start-up emergence. Consequently, the study resulted in a descriptive framework. Furthermore, the findings highlight some practical implications and proposes new study directions as future research agenda for scholars interested in tech start-up emergence.

A key element in the development of a technology, a company or an industry is the availability of finance. While much effort has been directed at understanding the roles of venture capital, angel investment and public investment, there does not appear to be much analysis of the industry-level effects as a new industry is emerging. In this chapter, we investigate the patterns of public and private investments and the role of government in support of financing the emergence of science and technology industries. We also examine the criteria used by venture capitalists in their assessment of investment opportunities regarding new technology-based ventures. We focus on the analysis of investment at stage between prototyping and commercialisation of a new technology. This stage has been labelled as the ‘valley of death’ from an investor perspective, which reflects greater risks for investors due to the high level of both technology and market uncertainty.

Encouraging technology-based entrepreneurship is central to the policy agendas of governmental and non-governmental economic development agencies in many industrialised and newly industrialising countries. Entrepreneurs are central to venture creation and evidence indicates that, following secondary and, typically, tertiary education, most work for one or more employers prior to establishing a technology-based venture on their own or with others. As a result of this ‘entrepreneurial apprenticeship’ many technology entrepreneurs establish businesses in their mid-to-late 30s. Developing a thorough understanding of product/service markets and devising strategies to access, serve and support customers are major challenges for founders of technology-based businesses. Ventures established by individuals or groups with relevant commercial experience benefit from the know-how and networks of their founders. This chapter explores the role of university business plan competitions in stimulating entrepreneurial activity and technology transfer from two universities in Northern Ireland by focusing on entrants in the 2007 £25k Enterprise Award Scheme business planning competition. Such initiatives tend to attract students/recent graduates and members of university staff and raise the question as to how such teams develop commercially robust ventures, given that, on the face of it, most have little or no commercial experience. Based on analysis of the business plans of the top 10 ventures from the 2007 competition this chapter explores characteristics of the entrepreneurial teams, their choice of product/service offerings and aspects of the markets they target.

The purpose of this paper is to examine the influence of total rewards components (monetary, material and non-monetary) on happiness of employees working in Indian technology-based new ventures. Further, with the theoretical lens of social exchange theory, the mediating role of work engagement between total rewards perceptions and work happiness relationship has also been evaluated.

A survey of 201 employees working in Indian technology-based new ventures was conducted. Structural equation modeling was utilized to measure the proposed theoretical model. Regression analysis was conducted to test the direct effects of the hypothesized relationships. Sobel test and bootstrapping analysis were utilized to test the indirect effects of the proposed hypothesized relationship.

The findings supported the hypotheses that employees’ perceptions of total rewards have a significant impact on employee work engagement and happiness at work. However, individual component of total rewards, i.e. monetary rewards, demonstrated an insignificant impact on the employee work happiness. Work engagement was positively related to work happiness and fully mediated the relationship between total rewards perceptions and work happiness.

Special attention should be given to enhance the material and non-monetary rewards, specifically strengthening the feeling of appreciation, learning and growth opportunities and improving feedback functions. Given the challenges of new ventures (productivity and efficiency of talent), management of total rewards mix should be considered as the main concern of human resource (HR) managers and management (founders). The paper also provides important implications for designing a reward system that enhances employee productivity and efficiency in the unstructured and ambiguous work environment of new ventures.

The present study has significant contributions to the HR, entrepreneurship and positive psychology literature. It is an attempt to understand the association between total rewards components and work happiness via mediating mechanism, i.e. work engagement in new ventures. It also extends research in the entrepreneurial context. The emergence and growth of new ventures in India has meant a growing importance for understanding employees’ needs and expectations and guaranteeing their happiness. The findings of the study contribute to social exchange theory, Vroom’s expectancy and self-determination theory. This research is also a rare investigation of employees’ perspectives in an entrepreneurial context.

The purpose of this paper is to develop a conceptual model that explains how learning processes at the team level connect with individual and organizational levels of learning in technology-based ventures, thereby influencing the evolution of innovation capabilities in the entrepreneurial process.

The 4I organizational learning framework is used as an overarching theoretical structure to acknowledge entrepreneurial learning as a dynamic process that operate on multiple levels in technology-based ventures. Embedded in this logic, research on team learning is integrated into this theorizing to examine how learning processes at the team level bridge and connect with learning processes operating at individual and organizational levels.

The conceptual model identifies different sets of team learning processes critical for the routinization and evolution of innovation capabilities in technology-based ventures. In this respect, the conceptual model advances the scholarly understanding of entrepreneurial learning as a dynamic process operating across multiple levels in technology-based ventures.

By conceptualizing how individual streams of experiences over time become institutionalized via interaction, conversation and dialogue, the paper provides novel insights into the critical role of team learning for bridging individual and organizational levels of learning in the entrepreneurial learning process.

In the late 1970s, the much beloved tradition of Asilomar began. But then, of course, it was not even located at Asilomar. Rather it was a much smaller event that was held at Pajaro Dunes. Nonetheless, it featured what ultimately became the traditional blend of informal sessions that mixed students and faculty from around the University. The most memorable conference of that time featured working papers by Jeff Pfeffer and Jerry Salancik, John Meyer and Brian Rowan, and Mike Hannan and John Freeman. Each of these pairs of authors presented fledgling work that would go on to become keystone statements for three highly influential theories: resource dependence (Pfeffer & Salancik, 1978), “new” institutional theory (Meyer & Rowan, 1977), and population ecology (Hannan & Freeman, 1977).

The purpose of this research is to analyze the development of high‐tech international new ventures as an acting process by individuals in relationship networks.

The study cross‐fertilizes research on internationalization of international new ventures, opportunity development of entrepreneurs and innovation development in technology‐based firms. A longitudinal case study on the development process of an international new venture operating in the software business is used as a base for analytical generalization and theory development.

The study illustrates events at three intertwined levels of acting on the development of an international new venture. It defines internal problem solving, external solution creation, opportunity selling and opportunity organizing as the behaviors driving the emergent, multi‐level process and embedding the venture in various networks.

Statistical generalization based on common patterns experienced by several firms was not sought in this study. Using the process research approach with event‐based analysis, the study, however, provides an in‐depth analysis of international new venture development through the actions of individuals at the level of key events. The methods for examining a complex development process over time can be utilized by other process researchers.

The complexity of building high‐tech international new ventures is, to a great extent, due to the necessity of handling the process at three levels simultaneously and in connection with one another. Since international new ventures are often based on business opportunities that have a short window of opportunity, the timeline creates further challenges. Embedding the business into various resourcing, legitimizing and otherwise assisting networks is crucial.

The study provides an insight into the ways of acting in networks that intertwines the internationalization, opportunity and technology development with development of a high‐tech international new venture. The study follows the development process in real time, something that is quite rare in previous international entrepreneurship research.

The purpose of this paper is to analyse technology‐based entrepreneurship and its importance for economic growth. Firstly, it discusses the concept of technology‐based entrepreneurship, and, secondly, it moves on to question if the phenomenon is important for regional growth. New technology‐based firms (NTBFs) can influence economic growth both directly, by their own growth, and indirectly, for example, by providing specialised input to other firms. Quite frequently those indirect effects are established within a regional context.

This paper contributes knowledge about the relatively successful Swedish case. Based on several of the author's earlier studies, some empirical data are used to illustrate some characteristics of the Swedish case. The background and origin of Swedish NTBFs, as well as the growth of these firms, are discussed. Since, technology‐based entrepreneurship is a strongly regional phenomena special attention will be paid to one of Sweden's major regions; the Gothenburg region.

The paper shows that the number of technology‐based new firms corresponds to a small share of general entrepreneurship. Technology‐based entrepreneurship is a highly regional phenomenon, where local large firms are important for the training and breeding of future entrepreneurs. Spin‐off processes are likely to enhance regional knowledge development and learning processes because it involves the diffusion and sharing of technological and managerial expertise within the region.

The results suggests that a country like Sweden, with high R&D spendings and innovative activities, should be encouraged to increase its entrepreneurial activities in order to benefit even further from its R&D and technology development.

Is of value by adding to the knowledge on technology‐intensive firms – how they tend to grow, how frequent they are and their role in economic growth.

This chapter aims to analyze the participation of entrepreneurship studies from the perspective of capabilities and technology-based startups in Latin America, which implies considering capabilities from a perspective of innovation, technology, knowledge, and learning. The chapter conducts a bibliometric review from which the characteristics of the Latin American presence in the analysis of startups and related issues are identified. The analysis shows that Latin America has had a small but growing presence at the world level, as is the case with the treatment of the startups in the international arena, and where the topics of innovation and capabilities have been little addressed. A scheme is proposed based on which entrepreneurial capabilities are considered as a way of understanding the creation and trajectory of startup companies. In the trajectory of the startup companies, these capabilities unfold and grow through processes of integration of complementary resources and learning processes, which result in the construction of new capabilities that feed the further growth of the company.

The purpose of this paper is to identify the model that explains the new venture emergence in China by examining the effects of experience and innovativeness of entrepreneurial opportunities on the new venture emergence, as well as the moderating effect of munificence.

Based on the dynamic data from the Chinese Panel Study of Entrepreneurial Dynamics (CPSED) where nascent entrepreneurs were randomly sampled and were followed for three years, this paper uses the COX proportional hazard model to answer the research questions.

Those who have successful entrepreneurial experience are able to more rapidly create new ventures, whereas the relevant industry experience and innovativeness of entrepreneurial opportunities have a negative effect on the new venture emergence. Moreover, munificence negatively moderates the effects of entrepreneurial experience and innovativeness of entrepreneurial opportunities on the new venture emergence.

This paper only measures whether entrepreneurs have relevant industry experience, and does not reflect on the different degrees of it. In addition, small time interval of dynamic follow-up survey may bias the results.

This paper revealed that not all kinds of experience promote the venture emergence, and a more innovative entrepreneurial opportunity is not always better. Entrepreneurs should accumulate experience and evaluate innovativeness of entrepreneurial opportunities rationally.

New venture emergence relies on the mutual influence of entrepreneurs, entrepreneurial opportunities and entrepreneurial environment. However, most studies explored the new venture emergence from a single perspective which led to a plethora of conflicting conclusions. This paper attempts to examine the effects of experience and innovativeness of entrepreneurial opportunities on the venture emergence, as well as the moderate effect of munificence.