We investigate whether differences in individual opportunity cost influence the choice of a new venture’s strategy and, subsequently, how that strategy effects venture outcomes. Analyzing longitudinal data from a representative sample of nascent ventures with fuzzy-set Qualitative Comparative Analysis techniques, we identify six distinct strategy configurations, of which two are exclusive to outlier entrepreneurs (those individuals with the highest opportunity costs). Our findings demonstrate that global strategies focused on internationalization and innovation are central to the emergence and growth of outlier entrepreneurs, whereas those with much lower opportunity costs improve their chance for successful emergence with more local strategies.

Outlier antecedents, processes, and consequences in the emergence of new ventures / Crawford, C; Linder, C; Villani, E; Lechner, Christian. - 37:(2017), pp. 65-70. ((Intervento presentato al convegno ANNUAL BABSON COLLEGE ENTREPRENEURSHIP RESEARCH CONFERENCE tenutosi a University of Oklahoma Michael F. Price College of Business, Norman, Oklahoma, USA nel June 2017.

Outlier antecedents, processes, and consequences in the emergence of new ventures

Lechner Christian
2017

Abstract

We investigate whether differences in individual opportunity cost influence the choice of a new venture’s strategy and, subsequently, how that strategy effects venture outcomes. Analyzing longitudinal data from a representative sample of nascent ventures with fuzzy-set Qualitative Comparative Analysis techniques, we identify six distinct strategy configurations, of which two are exclusive to outlier entrepreneurs (those individuals with the highest opportunity costs). Our findings demonstrate that global strategies focused on internationalization and innovation are central to the emergence and growth of outlier entrepreneurs, whereas those with much lower opportunity costs improve their chance for successful emergence with more local strategies.
0-910897-43-3
Outlier antecedents, processes, and consequences in the emergence of new ventures / Crawford, C; Linder, C; Villani, E; Lechner, Christian. - 37:(2017), pp. 65-70. ((Intervento presentato al convegno ANNUAL BABSON COLLEGE ENTREPRENEURSHIP RESEARCH CONFERENCE tenutosi a University of Oklahoma Michael F. Price College of Business, Norman, Oklahoma, USA nel June 2017.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/219518
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