Date of Award

Summer 2018

Document Type

Thesis

Degree Name

Doctor of Philosophy (PhD)

Department

Management

Committee Director

William Q. Judge

Committee Member

Edward Markowski

Committee Member

Jing Zhang

Committee Member

Amir Pezeshkan

Abstract

New venture creation is a complicated, idiosyncratic process that starts with an individual's ambition to exploit an opportunity and involves putting together resources to create value from the opportunity. During this journey, some entrepreneurs can initiate a new venture while others never exploit the discovered opportunity. Additionally, while many new ventures deploy the same resources, some entrepreneurial ventures are successful whereas others barely break even. Although extant literature acknowledges the importance of new venture creation, nonetheless, various drivers of innovative new ventures and factors facilitating the success of such ventures remain understudied.

Given this gap in the literature, the first essay sheds light on drivers of innovative entrepreneurship, as the most productive type of entrepreneurship. Using a sample of 29,000 entrepreneurs in 62 countries, Essay 1 employs a multi-level model to investigate how entrepreneurs’ ability, motivation, and opportunity recognition (AMO) and their interaction with national institutions result in innovative new venture formation. Findings indicate that institutional voids appear to facilitate or hinder the human capital, opportunity actualization motivation, and opportunity seeking of founders of innovative, opportunity-based ventures.

Essay 2, breaks new ground by examining entrepreneurial resource management strategies using a configurational approach. Building on a fuzzy-set analysis of more than 500 new ventures in the U.S., our research identifies five distinct configurations of resource structuring, bundling, and leveraging that collectively explain the profitability of entrepreneurial firms operating within both dynamic and stable industries. Results aim to uncover different resource management pathways that lead to the establishment of successful new ventures. Further, by illustrating that there are multiple successful paths that entrepreneurs can take, the findings indicate the equifinality of resource management strategies.

DOI

10.25777/gkx2-c815

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