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Investors' perception of causes for radical strategic change in high technology new ventures

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conference contribution
posted on 2024-07-11, 17:01 authored by Eyal 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.

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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

Pagination

14 pp

Publisher

Swinburne University of Technology

Copyright statement

Copyright © 2010 Eyal Benjamin, Eli Gimmon and Liora Katzenstain. Proceedings copyright © 2010 Australian Graduate School of Entrepreneurship. The published version is reproduced with the permission of the publisher.

Language

eng

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