Innovation and Entrepreneurship: Theory and Practice

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    Balancing on the Triple-Bottom-Line: Tensions in the Success Factors of Digital Business Models for Sustainability
    ( 2023-01-03) Böttcher, Timo ; Petry, Jana ; Weking, Jörg ; Hein, Andreas
    We need innovations that enable a sustainable economy and sustainable private consumption to meet the grand challenges of the UN Sustainable Development Goals. As an essential source of innovation, startups play a crucial role in improving sustainability by creating innovative and sustainable products and services as part of their business models (BMs). Since BMs are at a firm's core, BMs are a decisive factor that influences whether startups fail or thrive; we analyze the success factors of sustainable BMs. We interviewed 16 experts from 15 startups implementing sustainable BMs based on digital technologies and one incubator specializing in sustainability. We identify six success factors representing tensions in digital BM design that entrepreneurs need to address. Our analysis shows how the design of sustainable digital BMs differs from regular digital BMs and how the tensions affect the success of startups. For established firms, the results guide BM design and technology use.
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    The Effects of Firm Relational Capital on Export Performance: The Moderating Effects of Technological Turbulence
    ( 2023-01-03) Chowdhury, Misbah ; Sui, Sui ; Morgan, Horatio ; Li, Dandan
    Recent studies recognize that relational capital helps manufacturing firms in Global value chains (GVCs) enhance their competitiveness in global markets. However, prior research does not provide a conclusive account of the impact of relational capital on export performance, particularly in developing countries. Drawing on a learning-based perspective and contingency approach, this study fills these gaps by linking relational capital and firm performance with a focus on manufacturing firms in developing countries that participate in GVCs. Specifically, we propose that the relational capital of these firms will have a stronger positive impact on their export performance when the technological turbulence is lower, and vice versa. Overall, this research extends the literature on knowledge transfer, interfirm relational capital, and business performance in a developing-country context.
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    Institutional Reinforcement in a Newly Emerged Digital Industry
    ( 2023-01-03) Mihailova, Irina ; Fraccastoro, Sara
    There is a growing number of newly emerging digital sectors where firms have potential for a rapid scalable expansion. One of them is mobile gaming, being triggered by development of smart devices, where Finland-based entrepreneurial firms have captured global markets in an extremely fast pace. How and why have these Finnish firms achieved a global market positioning, particularly in the light of Finland’s small home market, relative cultural isolation, and peripheral location? By building on the institutional polycentrism approach, this paper sheds light on how global industry-specific and informal socio-cultural institutional arrangements have been reinforced by local formal, government-sponsored ones to create the conditions for global leadership in a digital industry. This paper makes important contribution to the better understanding of the role of institutions in driving emergence of digital industries and shaping global competitiveness of home country firms in these digital sectors.
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    On the Timing of Pivots: Jumping the Gun or Late Out of the Gate?
    ( 2023-01-03) Thomas, Ellen ; Bandera, Cesar
    Startup literature has demonstrated a growing interest in topics related to strategic pivots however very little is known about the impact pivoting has on new venture survival and many aspects remain unexplored. While some studies treat pivots as though there are no tradeoffs involved, others suggest pivoting has either positive or negative effects. This paper seeks to better understand the impact of pivoting, namely does the timing of pivoting impact startup survival. Using change in a venture’s North American Industry Classification System code as a proxy for pivoting, we find that earlier pivoting activity has a more positive impact on survival than later pivoting activity among Kauffman Firm Survey participants. This longitudinal empirical study on the relationship between pivot timing and revenue aims to attract attention to this important topic in startup literature, and help the entrepreneur facing the difficult decision of when to pivot.
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    Building Inclusive Student Innovation Competitions, Exhibitions, and Training Programs
    ( 2023-01-03) Kulturel-Konak, Sadan ; Konak, Abdullah ; Webster, Nicole ; Murphy, Karen
    There has been an emerging trend of expanding entrepreneurship educational programs/events to broader student populations. Similarly, the focus of this paper is broadening participation in student innovation competitions, exhibitions, and training programs. Therefore, through student surveys, factors and barriers affecting student participation in these co-curricular programs were explored, with a particular interest being students who are underrepresented in entrepreneurship. The survey items were crafted based on the known scales and theories in the literature, such as the Expectancy-Value-Cost Scale and Self-Determination Theory. The findings revealed that the time commitment and lack of awareness were significant barriers to participation in these activities. To make student innovation competitions, exhibitions, and training programs more accessible and relatable to all students, higher education institutions should consider reframing these events and developing them, requiring less time commitment. The Expectancy-Value-Cost-based framework used in this study is also promising to study students’ engagement with entrepreneurship and innovation-focused co-curricular activities.
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    Toward Designing Innovation Learning Experiences: Examining Engagement and Affective Traits Based on Learner and Course Characteristics
    ( 2023-01-03) Collins, Regina ; Deek, Fadi
    Expanding innovation education research beyond the business domain, this study introduces learning assignments using individual and group knowledge acquisition to mimic participation in today’s digital innovation platforms, examining learner affective and course characteristics as important factors for designing appropriate innovation learning experiences. Findings suggest that graduate students are more engaged and report higher perceptions of quality and quantity of social capital as well as learning from such assignments and also report higher perceptions of affective characteristics. Groups assigned by instructors (rather than self-selected) are also more engaged with higher perceptions of learning and quantity of social capital. Learners for whom the course is in their degree program are also more engaged, storing more knowledge resources individually and reporting higher perceptions of perceived learning, quantity of social capital, task value, and system satisfaction. Together, these findings have practical implications for educators seeking to engage students in meaningful innovation learning experiences.
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    Introduction to the Minitrack on Innovation and Entrepreneurship: Theory and Practice
    ( 2023-01-03) Passerini, Katia ; Bartolacci, Michael ; Bandera, Cesar ; Kim, Yong Jin
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    Digital Platform Strategy - A Systematic Critical Review
    ( 2023-01-03) Mamonov, Stanislav
    While the transformative effect of digital platforms is broadly recognized, digital platform-related research evolved in largely disconnected streams focusing on technical platform architecture, network effects, and specific tactical decisions, without offering a holistic view of digital platform strategy. With the goal of advancing digital platform strategy research, we conduct a systematic critical review of research published in the leading Information Systems journals through a pragmatic business strategy lens that argues that markets, partnerships, differentiators, staging, and profit logic form the core elements of a holistic business strategy. We outline the core insights in extant research and we identify a number of promising opportunities for expanding the scope of digital platform strategy research in Information Systems.
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    Digital Start-up Success: How Formal Education and Academic Diversity Impact New Digital Ventures’ Performance
    ( 2023-01-03) Mittermeier, Ferdinand ; Pöppinghaus, Cedric Fabian ; Beimborn, Daniel
    Factors affecting the creation, growth, and survival of new businesses are of great interest to entrepreneurs, policymakers, and academics and have been studied for a long time. While the importance of work experience is constantly emphasized, the benefits of formal education are often questioned in practice. This study discusses the impact of founders' academic background and diversity on the success of digital startups. By analyzing 519 digital start-ups and 1,038 founders, we show that the ranking of the universities the founders graduated from and the quantitativeness of the founders’ majors both contribute to the funding success of digital start-ups. In contrast to previous literature, we were not able to confirm that diversity, measured in the distance between the rankings of two majors, has a significant impact on the success of digital start-ups. The findings enhance our understanding regarding the importance of general human capital in the digital age.