posted on 2024-07-11, 17:01authored byEyal Benjamin, Eli Gimmon, Liora Katzenstain
New ventures dealing with high technology operate in a turbulent environment are frequently involved in radical changes in their strategy while aligning internal resources and capabilities to the changing environment. This study explores the common causes to radical strategic changes in high technology new ventures and whether they are predominately initiated more by external rather than internal events, and by favorable rather than unfavorable factors. We analyzed a dataset of 60 phrases extracted from interviews with 16 venture capital investors of 8 developed countries regarding 36 radical strategic changes they had experienced in their 76 investments. Findings show unfavorable events are significantly more common than favorable events and internal factors were found only marginally significant more likely than external factors in causing radical strategic changes. Further research is required to validate these findings.
History
Available versions
PDF (Published version)
ISBN
9780980332865
Journal title
Regional Frontiers of Entrepreneurship Research 2010: 7th International Australian Graduate School of Entrepreneurship (AGSE) Research Exchange, University of the Sunshine Coast, Queensland, Australia, 02-05 February 2010
Conference name
Regional Frontiers of Entrepreneurship Research 2010: 7th International Australian Graduate School of Entrepreneurship AGSE Research Exchange, University of the Sunshine Coast, Queensland, Australia, 02-05 February 2010