Failure to advance: Resource logic for early venture failure

Prometheus: Critical Studies in Innovation

Volumn 28, Issue 1, 2010, Pages 15-27

  Saxton, M K ^a   Saxton, T ^a   Steen, J ^b   Verreynne, M ^b  

^a INDIANA UNIVERSITY   (United States)

^b UNIVERSITY OF QUEENSLAND   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

COMMERCIAL ACTIVITY; ECONOMIC GROWTH; INVESTMENT; LOGIT ANALYSIS; MODEL; PROFITABILITY; RESOURCE AVAILABILITY; THEORETICAL STUDY;

EID: 77951187073     PISSN: 08109028     EISSN: 14701030     Source Type: Journal    
DOI: 10.1080/08109021003668620     Document Type: Article

References (49)

1. Acs, Z. and Audretsch, D. (2003) Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction, Springer, New York.
2. Ahuja, G. and Katila, R. (2004) 'Where do resources come from?', Strategic Management Journal, 25, pp.887-907.
3. Alvarez, S. and Busenitz, L. (2001) 'The entrepreneurship of resource-based theory', Journal of Management, 27, pp.755-75.
4. Audretsch, D. and Mahmood, T. (1994) 'Firm selection and industry evolution: the post-entry performance of new firms', Journal of Evolutionary Economics, 4, 3, pp.243-60.
5. Audretsch, D. and Mahmood, T. (1995) 'New firm survival: new results using a hazard func- tion', Review of Economics and Statistics, 77, 1, pp.97-103.
6. Baker, T. and Nelson, R. (2005) 'Creating something from nothing: resource construction through entrepreneurial bricolage', Administrative Science Quarterly, 50, pp.329-66.
7. Barney, J. (1986) 'Strategic factor markets: expectations, luck and business strategy', Management Science, 42, pp.1231-41.
8. Barney, J., Wright, M. and Ketchen, D. (2001) 'The resource-based view of the firm: ten years after 1991', Journal of Management, 27, 6, pp.625-41.
9. Barr, S., Baker, T., Markham, S. and Kingon, A. (2009) 'Bridging the valley of death: lessons learned from 14 years of commercialization of technology education', Academy of Management Learning and Education, 8, 3, pp.370-88.
10. Baum, J., Locke, E. and Smith, K. (2001) 'A multidimensional model of venture growth', Academy of Management Journal, 44, 2, pp.292-303.
11. Bromiley, P. and Flemming, L. (2002) 'The resource-based view of strategy: a behaviourist critique' in Augier, M. and March, J.G. (eds) The Economics of Choice, Change and Orga- nization: Essays in Honour of Richard M. Cyert, Edward Elgar, Cheltenham pp.319-336.
12. Chandler, A. (1962) Strategy and Structure, MIT Press, Boston, MA.
13. Chandler, A. (1992) 'What is a firm?: a historical perspective', European Economic Review, 36, 2, pp.483-92.
14. Chandler, G. and Lyon, D. (2001) 'Issues of research design and construct measurement in entrepreneurship research', Entrepreneurship Theory and Practice, 25, 4, pp.101-13.
15. Chiasson, M. and Saunders, C. (2005) 'Reconciling diverse approaches to opportunity research using the structuration theory', Journal of Business Venturing, 20, pp.747-67.
16. Cooper, A., Dunkelberg, W. and Woo, C. (1988) 'Survival and failure: a longitudinal study' in Kirchoff, B. et al. (eds) Frontiers of Entrepreneurship Research, Babson College, Welles- ley, MA, pp.225-37.
17. Cooper, R. (1983) 'The new product process: an empirically-based classification scheme', R&D Management, 13, pp.1-14.
18. Cooper, R. (1990) 'Stage-gate systems: a new tool for managing new products', Business Horizons, 33, pp.44-53.
19. Davidsson, P. and Wiklund, J. (2000) 'Conceptual and empirical challenges in the study of the firm' in Sexton, D. and Landstrom, H. (eds) The Blackwell Handbook of Entrepreneurship, Blackwell, Oxford, pp.26-44.
20. Davidsson, P. and Wiklund, J. (2001) 'Levels of analysis in entrepreneurship research: current research practice and suggestions for the future', Entrepreneurship Theory and Practice, 25, 4, pp.81-99.
21. Dencker, J., Gruber, J. and Shah, S. (2009) 'Pre-entry knowledge, learning, and the survival of new firms', Organization Science, 20, 3, pp.516-37.
22. Emirbayer, M. and Mische, A. (1998) 'What is agency?', American Journal of Sociology, 103, 4, pp.962-1023.
23. Foss, N. (1997) 'Resources and strategy: problems, open issues and the way ahead' in Foss, N. (ed.) Resources Firms and Strategies: A Reader in the Resource-Based Perspective, Oxford University Press, Oxford, pp.345-65.
24. Garnsey, E. (1995) 'The resource-based theory of the growth of the firm' in Ellis, K., Gregory, A., Mears-Young, B. and Ragsdell, G. (eds) Critical Issues in Systems Theory and Practice, Plenum Press, New York, pp.239-44.
25. Garnsey, E. (2002) 'The growth of new ventures: analysis after Penrose' in Pitelis, C. (ed.) The Growth of the Firm, Oxford University Press, Oxford, pp.101-25.
26. Garnsey, E., Stam, E. and Heffernan, P. (2006) 'New firm growth: exploring processes and paths', Industry and Innovation, 13, 1, pp.1-20.
27. Gartner, W. and Carter, N. (2003) 'Entrepreneurial behavior and firm organizing processes' in Acs, Z. and Audretsch, D. (eds) Handbook of Entrepreneurship Research: An Interdisci- plinary Survey and Introduction, Springer, New York, pp.195-212.
28. Gersick, C. (1991) 'Revolutionary change theories: a multilevel exploration of the punctuated equilibrium paradigm', Academy of Management Review, 16, 1, pp.10-36.
29. Gersick, C. (1994) 'Pacing strategic change; the case of a new venture', Academy of Management Journal, 37, 1, pp.9-45.
30. Greiner, L. (1972) 'Evolution and revolution as organizations grow', Harvard Business Review, 50, 4, pp. 37-46.
31. Kuratko, D., Ireland, R. and Hornsby, J. (2001) 'Improving firm performance through entrepreneurial actions: Acordia's corporate entrepreneurship strategy', Academy of Management Executive, 15, 4, pp.60-71.
32. Latour, B. (2005) Reassembling the Social: An Introduction to Actor-Network Theory, Oxford University Press, Oxford.
33. Law, J. (1992) 'Notes on the theory of the actor-network: ordering, strategy and heterogene- ity', Systems Practice, 5, 4, pp.379-93.
34. Lebas, M. and Euske, K. (2002) 'A conceptual and operational delineation of performance' in Neely, A. (ed.) Business Performance Measurement: Theory and Practice, Cambridge University Press, Cambridge, pp.65-79.
35. Lyles, M., Saxton, T. and Watson, K. (2004) 'Venture survival in a transitional economy', Journal of Management, 30, 3, pp.351-75.
36. McKelvey, B. (2004) 'Toward a complexity science of entrepreneurship', Journal of Business Venturing, 19, pp.313-41.
37. Penrose, E. (1960) 'The growth of the firm. A case study: the Hercules Powder Company', Business History Review, 34, 1, pp.1-23.
38. Reynolds, P., Carter, N., Gartner, W., Greene, P. and Cox, L. (2002) The Entrepreneur Next Door: Characteristics of Individuals Starting Companies in America, available from http://sites.kauffman.org/pdf/psed_brochure.pdf [accessed January 2010].
39. Robb, A., Ballou, J., DesRoches, D., Potter, F., Zhao, Z. and Reedy, E. (2009) An Overview of the Kauffman Firm Survey, Results from Data Collected 2004-2007, available from http://www.kauffman.org/uploadedFiles/kfs_fourth_040709.pdf [accessed January 2010].
40. Roper, S. (1999) 'Modelling small business growth and profitability', Small Business Economics, 13, 3, pp.235-52.
41. Shane, S. and Venkataraman, S. (2000) 'The promise of entrepreneurship as a field of research', Academy of Management Review, 25, 1, pp.217-26.
42. Steen, J., Coopmans, C. and Whyte, J. (2006) 'Structure and agency? Actor-network theory and strategic organization', Strategic Organization, 4, 3, pp.303-12.
43. Steen, J. and Liesch, P. (2007) 'A note on Penrosean growth, resource bundles and the Uppsala model of internationalisation', Management International Review, 47, 2, pp.193-206.
44. Tushman, M. and Romanelli, E. (1985) 'Organizational evolution; a metamorphosis model of convergence and reorientation' in Cummings, L. and Staw, B. (eds) Research in Organiational Behavior, JAI Press, Greenwich, CT, pp.171-222.
45. Van de Ven, A. (1992) 'Longitudinal methods for studying the process of entrepreneurship' in Sexton, D. and Kasarda, J. (eds) The State of the Art of Entrepreneurship, PWS-Kent, Boston, MA, pp.214-242.
46. Van de Ven, A. and Engleman, R. (2004) 'Event and outcome-driven explanations of entre- preneurship', Journal of Business Venturing, 19, pp.343-58.
47. Wiklund, J. (1998) Small Firm Growth and Performance: Entrepreneurship and Beyond, University of Jonkoping, Jonkoping.
48. Wiklund, J., Patzelt, H. and Shepherd, D. (2009) 'Building an integrative model of small business growth', Small Business Economics, 32, pp.351-74.
49. Woo, C., Daellenbach, U. and Nicholls-Nixon, C. (1994) 'Theory building in the presence of randomness: the case of venture creation and performance', Journal of Management Studies, 31, 4, pp.507-24.