New high-tech venturing as process of resource accumulation

Purpose - The purpose of this research is to explore, through the lens of a resource-based view and dynamic capability theory, how new ventures in high-technology industries accumulate resources to survive and sustain competitive advantage.Design methodology approach - This study used the multiple c...

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Bibliographic Details
Published in:Management decision Vol. 48; no. 8; pp. 1230 - 1246
Main Authors: Lin, Edwin, Lin, Tom M.Y, Lin, Bou-Wen
Format: Journal Article
Language:English
Published: London Emerald Group Publishing Limited 01.01.2010
Emerald
Subjects:
Brand loyalty
Competitive advantage
Core competencies
Customers
Dynamische Kompetenzen
Entrepreneurs
Entrepreneurship
Expansion
High tech industries
Hochtechnologie
Product development
Production capacity
Resource management
Ressourcenorientierter Ansatz
Startups
Studies
Taiwan
Unternehmensgründung
Wettbewerbsvorteil
Taiwan
Integrated circuits
Resource
Taiwan
ISSN:0025-1747, 1758-6070
Online Access:Get full text
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Summary:Purpose - The purpose of this research is to explore, through the lens of a resource-based view and dynamic capability theory, how new ventures in high-technology industries accumulate resources to survive and sustain competitive advantage.Design methodology approach - This study used the multiple case study approach completed for three integrated circuit (IC) design companies in Taiwan by conducting in-depth interviews with senior executives in each case. Through the aforementioned case studies, the paper was able to summarize and verify the key elements and steps to find the customer and achieve the firm growth.Findings - It was found that three core elements, technology, networking and legitimacy are necessary. In addition, there are emerging and embedding steps adopted by each case in this study for new ventures to successfully penetrate the market and sustain the competitive advantage.Research limitations implications - The findings are focused on one country, and three cases of a specific industry in Taiwan. Future research can be conducted in different cultural contexts and different industries.Practical implications - New ventures in high-technology industries can follow the elements and steps suggested in this research paper to accumulate their initial resources. The strategy has been proven by the case studies therein and can be considered highly applicable.Originality value - The paper concludes that three key resources for sustaining a company's competitive advantages are necessary. Moreover, a well-orchestrated management is especially essential for new ventures in high-technology industries to succeed.
Bibliography:ObjectType-Case Study-2
SourceType-Scholarly Journals-1
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ObjectType-Feature-3
ObjectType-Report-1
ISSN:0025-1747
1758-6070
DOI:10.1108/00251741011076762