Complementary Resources and the Exploitation of Technological Innovations

Technological innovation often results when the resources of a small firm are combined with those of a large one. This is because small and large firms characteristically possess complementary resources whose combination can facilitate innovation success. The possession of complementary innovation-producing resources by small and large firms helps explain patterns of interaction among firms in dynamic, technology-based industries. Propositions are developed that outline how typical resources of small and large firms can be used to explain industry-level phenomena surrounding technological change

Meta-analyses of Post-acquisition Performance: Indications of Unidentified Moderators

Empirical research has not consistently identified antecedents for predicting post-acquisition performance. We employ meta-analytic techniques to empirically assess the impact of the most commonly researched antecedent variables on post-acquisition performance. We find robust results indicating that, on average and across the most commonly studied variables, acquiring firms’ performance does not positively change as a function of their acquisition activity, and is negatively affected to a modest extent. More importantly, our results indicate that unidentified variables may explain significant variance in post-acquisition performance, suggesting the need for additional theory development and changes to M&A research methods

The Effects of Entrepreneurial Orientation and Commitment to Objectives on Performance

The relationship between entrepreneurial orientation (EO) and performance is often moderated by different factors. Specifically, scholars have called for research examining whether commitment to long-term objectives improves EO’s effectiveness, believing that commitment may help firms overcome obstacles associated with EO. In response, we collected survey data from executives in 126 small, high-technology firms, and found that EO and commitment to objectives enhanced sales growth. In addition, the study determined that commitment to objectives was associated with greater increased sales growth of companies high in EO, as compared to those low in EO

PKS 0537-286, carrying the information of the environment of SMBHs in the early Universe

We present the results of a multifrequency campaign on the high-redshift (z = 3.1) blazar PKS 0537-286. The source was observed at different epochs from 2006 to 2008 with INTEGRAL and Swift, and nearly simultaneously with ground-based near-IR/optical telescopes. The SEDs are compatible with a model based on synchrotron radiation and external inverse Compton scattering. The campaign gives an insight into the physical environment of the blazar.Comment: 8 pages, 5 figures, accepted for publication in A&

Innovative behaviour, trust and perceived workplace performance

Building on theories of social exchange, enactment, and trust, we provide a theorization of innovative work behaviour at the individual (IB) and team (IBT) levels and explain how desirable performance returns occur for individuals and teams. We further propose that horizontal (between team members) and vertical (between teams and their supervisor) team trust moderate the relationship between IBT and team performance. The results based on surveys conducted at two points in time in a large insurance company in the Netherlands show that employees’ IB is positively associated with perceived workplace performance at the individual and team levels and that the effects vary based on the forms of trust at play. Our findings offer important new knowledge about the consequences of entrepreneurship and innovation in the workplace and the significant role that trust plays in enabling such behaviour to promote perceived workplace performance, particularly in the vital financial services sector

An Analysis of Organizational Structures For Integrating R&D with Manufacturing and Marketing

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The status quo of research on entrepreneurial orientation : conversational landmarks and theoretical scaffolding

This research aims to gain a deeper appreciation of where the entrepreneurial orientation (EO) conversation has gained momentum based upon an analysis of its key conversational landmarks and the studies which have thus far provided its principal theoretical scaffolding. Drawing upon a bibliometric analysis of 62,499 citations from all 822 publications on EO existing so far, thereby building the most comprehensive overview of EO studies collected to date, we are able to identify which studies, journals, and disciplines have offered critical landmarks within the conversation. Moreover, we categorize these influential landmark studies into four primary areas, namely “Defining pieces”, “Methods and measurement”, “Contingencies”, and “Impact”, and discuss how prominent landmarks within the EO conversation have created the current theoretical scaffolding upon which EO research is now building. Notably, our study observes Schumpeter (1934) theory of entrepreneurship and innovation as ‘creative destruction’ as well as Barney (1991) resource-based view (RBV) as landmarks within EO’s present theoretical scaffolding

Early-stage Fundraising of University Spin-offs: A Study through Demand-site Perspectives

University spin-offs have increasingly received attention from academia, governments and policy-makers. However, there are only a limited number of studies which fully understand the contribution made by the founding team to fundraising, specifically how they use their social networks and capabilities, especially within the university spin-off context. Employing a resource-based view theory and social networks approach, this paper examines whether a founding team exploits its social networks and capabilities to signal the value of a university spin-off. Capabilities are analysed through a set of constructs - technology, strategy, human capital, organizational viability and commercial resource - that have been derived from previous literature. The contribution made by social networks is evaluated using three dimensions - structure, governance and content - which form the construct of relationships within a network. Based on data from 181 university spin-offs in Spain, this paper empirically demonstrates that by exploiting social networks a founding team can improve its capabilities which, in turn, enhance its fundraising ability

Entrepreneurial orientation of traditional and modern cultural organisations: cases in George Town UNESCO World Heritage Site

George Town World Heritage Site in Penang, Malaysia is well-endowed with creative and cultural resources, and has recently witnessed a rise in relevant rise in creative and cultural activities. This study examines how 'innovation culture' is inculcated and embedded within two local organisations with distinct approaches to innovation. This examination adopts and adapts the concept of Entrepreneurial Orientation, using three constructs: i) innovativeness, ii) risk-taking and iii) pro-activeness. This study administered a purely qualitative research approach by conducting in-depth semi-structured interviews and archival study of the chosen case organisations and their networks. The novelty of this research resides in the choice of case study organisations chosen (i.e. traditional versus modern) where a comparative approach was used to compare and contrast innovation culture and gauge the extent upon which entrepreneurship orientation constructs are prevalent and thriving in these organisations. By documenting the linkages in their value chains, this study managed to understand their resulting social networks and whether such network fosters the incubation of an innovation cluster for the local creative and cultural sectors. This study concluded that traditional cultural organisations tend to be more cautious and even passive in their business approach and decision-making processes, while modern and newer cultural and creative organisations lean towards a more active and dynamic outlook, albeit sometimes constrained by lack of resources, i.e. funding and facilities, as well as impeded by the nature of their informality. These findings can contribute towards shaping pragmatic human resource and creative industry policies for city planners and policy makers, particularly in the George Town World Heritage Site, as well as serving as point of reference for other world heritage sites in the world