Growing pains: Pre-entry experience and the challenge of transition to incumbency

被引:85
|
作者
Chen, Pao-Lien [2 ]
Williams, Charles [3 ]
Agarwal, Rajshree [1 ]
机构
[1] Univ Maryland, Robert H Smith Sch Business, Dept Management & Org, College Pk, MD 20742 USA
[2] Natl Tsing Hua Univ, Inst Technol Management, Hsinchu, Taiwan
[3] Bocconi Univ, Milan, Italy
关键词
growth; evolution; entrepreneurship; dynamic capabilities; reconfiguration; DISK-DRIVE INDUSTRY; KNOWLEDGE TRANSFER; FIRM SURVIVAL; DE-NOVO; CAPABILITIES; TECHNOLOGY; EVOLUTION; GROWTH; AGE; DIVERSIFICATION;
D O I
10.1002/smj.954
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine how entrepreneurial entry by diversifying and de novo firms in new industries leads to different levels of performance. We propose that these types of firms differ in dynamic capabilities, which help them overcome growth impediments and transition to incumbency in the industry. Growth impediments arise at larger size, older tenure levels in industry, and after technological discontinuities. Because of their prior experience, diversifying firms are better equipped to handle the challenges of impediments to growth. Meanwhile, de novo firms, ostensibly tailor-made for the targeted industry, are more likely to stumble over these growth challenges, and eventually lag behind diversifying firms. We find support for our hypotheses using a near census of firms in the U.S. wireless telecommunications industry over the 19832004 period. Copyright (C) 2011 John Wiley & Sons, Ltd.
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页码:252 / 276
页数:25
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