32 research outputs found
The emergence of protoâinstitutions in the new normal business landscape : dialectic institutional work and the dutch drone industry
In the current business landscape, in which technologyâenabled entrepreneurship is part of the New Normal, regulatory institutional structures are in constant flux. Previous studies have framed the challenges facing entrepreneurs in mature organizational fields as avoiding the power of overbearing regulators long enough to establish the legitimacy of their ventures. In fields typified by New Normal conditions, however, regulatory frameworks for evaluating new technologyâenabled ventures are often still lacking. Regulators may choose to actively reach out to entrepreneurs to arrive at a better understanding of the radical technological changes and highâfrequency entrepreneurial behavioral adaptations that occur in these settings. To grasp how novel regulatory institutional structures come about in the New Normal business landscape, we conducted a processual study of the emergence of a new technology that is the Dutch remotelyâpiloted aircraft systems (drone) industry between 2000 and 2018. Our findings show that regulatory protoâinstitutions result from dialectic institutional work in the form of structured interactions between entrepreneurs and regulators. Specifically, we present a process model that reveals how new regulatory structures evolve in contexts where high levels of technological and behavioral change induce systemic uncertainty, and enlarge the interdependence between entrepreneurs and regulators. We suggest that our process theory of protoâinstitutional emergence generalizes towards other organizational fields in which technologyâenabled entrepreneurship has become the main driver of growth. Theoretically, our findings speak to the literatures on institutional work, protoâinstitutional emergence, and the New Normal business landscape
Get it together! Synergistic effects of causal and effectual decision-making logics on venture performance
Entrepreneurs rely on different decision-making logics when starting new ventures, including causal and effectual reasoning. Extant research suggests that venture performance is positively associated with both causal business planning and effectual action-orientation, but studies have not yet tested the synergistic potential of these two logics. We contribute to the debate on entrepreneurial decision making by exploring the interrelationship between causation and effectuation, detailing their main and interactive effects on venture performance. Using survey data collected on 1,453 entrepreneurs residing in 25 countries, we find that ventures benefit from using these two entrepreneurial logics in tandem
Business Group Affiliation, Performance, Context, and Strategy: A Meta-analysis
Research on business groupsâlegally independent firms tied together in various formal and informal waysâis accelerating. Through meta-analytical techniques employed on a database of 141 studies covering 28 different countries, we synthesize this research and extend it by testing several new hypotheses. We find that affiliation diminishes firm performance in general, but also that affiliates are comparatively better off in contexts with underdeveloped financial and labor market institutions. We also trace reduced affiliate performance to specific strategic actions taken at the firm and group levels. Overall, our results indicate that affiliate performance reflects complex processes and motivations
Imprinting, honeymooning, or maturing: Testing three theories of how interfirm social bonding impacts suppliersâ allocations of resources to business customers
In business markets, does strength of social bonds that a supplier perceives with a specific customer influence the supplierâs allocations of resources relative to other customers? If social bonding does uniquely impact supplier allocation of resources to customers, does the impact vary by relationship duration? Relationship marketing and Homansâ framework for social behavior are the theoretical bases for the study, which uses survey data to examine three alternative models that indicate how suppliersâ perceptions of social bonds with customers influence the suppliersâ allocations of resources over time. Analysis of data from sales and marketing managers confirms that two of these models, the imprinting theory and the maturity theory, are relevant. The findings indicate that relationship managers need to take into account the clear effect that creation of strong social bonds in buyerâseller relationships, as distinct from financial bonds, has on the way in which suppliers allocate resources to those relationships and how relationship duration affects the way in which they do so. The study strengthens the argument, on a strong theoretical base, to adopt a collaborative, as opposed to a transactional, approach to buyerâseller relationships
From social ties to embedded competencies: The case of business groups
Our current views of economic competition are still rooted in the imagery of the isolated firm that transacts with its buyers, suppliers, and competitors via largely anonymous factor and product markets. Yet this view is fundamentally at odds with the growing importance of business groups in the global economy. We thus need a reconceptualized version of our idea of economic competition, which is capable of explaining competitive advantage at the group-versus-group rather than firm-versus-firm level of analysis. In the present paper we build on insights derived from organizational sociology and organizational economics to develop a business group-level theory of competition and competitive advantage based on embedded competencies
Stakeholder integration
This study examines the central contention ofinstrumental stakeholder theoryâ
namely, that firms that breed trust-based, cooperative ties with their stakeholders
will have a competitive advantage over firms that do not.Acase study of the introduction
ofgenetically modified food products in the Netherlands provided the basis
for the empirical analysis. The results support the instrumental stakeholder
management thesis, showing that stakeholder integration, through the development
ofmutually enforcing relationships with external parties, may result in both
organizational learning and societal legitimacy
Beyond the Dichotomous Worlds Hypothesis: towards a plurality of corporate governance logics
The dichotomous worlds hypothesis holds that corporate governance systems worldwide are either based on the Anglo-American shareholder model or the Eurasian stakeholder model. We suggest a more fine-grained classification, based on five corporate governance logics - socially constructed, historical patterns of material practices, assumptions, values, beliefs, and rules by which all parties involved in economic productive activities structure their material interdependencies and provide meaning to the social reality of corporate life. These logics are discovered through a content analysis of the corporate governance reform codes of 38 countries. Copyright (c) 2007 The Authors; Journal compilation (c) 2007 Blackwell Publishing Ltd.