Innovation strategy is critical for firms to achieve success in the market. However, relatively little is known about what factors promote the development of innovation strategy…
Abstract
Purpose
Innovation strategy is critical for firms to achieve success in the market. However, relatively little is known about what factors promote the development of innovation strategy in high-tech new ventures. The purpose of this paper is to address this gap by developing and examining the theoretical model that links effectuation to innovation strategy through opportunity shaping in high-tech new ventures.
Design/methodology/approach
The proposed theoretical model is developed by integrating the effectuation theory, innovation strategy literature and opportunity literature. Empirical data were collected from 212 entrepreneurs and top executives in Chinese high-tech new ventures through a survey. Baron and Kenny’s (1986) mediation and moderation model assessment procedures are used to analyze the data.
Findings
The empirical results indicate that effectuation has a positive effect on innovation strategy and opportunity shaping. Opportunity shaping has a positive effect on innovation strategy, and its effect is positively moderated by competitive intensity. The author also finds that opportunity shaping plays a fully mediating role in the relationship between effectuation and innovation strategy.
Originality/value
These findings enrich innovation strategy research and advance the effectuation theory by providing empirical evidence of the impact of effectuation on innovation strategy in high-tech new ventures. The findings also contribute to a growing stream of research on opportunity and integrating opportunity shaping into a more complete framework of innovation. Moreover, this research provides deeper insight into the missing links between effectuation and innovation strategy in high-tech new ventures by uncovering the mediating role of opportunity shaping.
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Runping Guo, Li Cai and Weiyong Zhang
Research on new internet venture growth is lacking. The purpose of this paper is to address the gap by developing and testing a theoretical model that links venturing principles…
Abstract
Purpose
Research on new internet venture growth is lacking. The purpose of this paper is to address the gap by developing and testing a theoretical model that links venturing principles (effectuation or causation) to new internet venture growth through resource bundling (pioneering or stabilizing).
Design/methodology/approach
The proposed theoretical model is developed upon the entrepreneurship literature and resource-based view. Empirical data are collected from entrepreneurs and top executives in China via a survey. The Baron and Kenny (1986) mediation model assessment procedure is used to analyze the data.
Findings
Both effectuation and causation are positively associated with new internet venture growth. Effectuation leads to pioneering resource bundling, which in turn contributes to new internet venture growth. Causation also contributes to new internet venture growth, but through stabilizing resource bundling.
Research limitations/implications
This research helps link the theory of effectuation to resource-based theory by revealing resource bundling as the mediator between effectuation, causation, and new venture growth. Moreover, the authors provide empirical evidence of the importance of resource bundling with entrepreneurial strategic decision logics to the growth of new internet ventures in transitional economies.
Practical implications
Entrepreneurs and managers of new internet ventures should leverage both venturing principles to support growth. Internet ventures generally are creative and innovative in nature, hence favor effectuation. But it will be unwise to ignore causation, which also leads to growth.
Originality/value
This is an original empirical research guided by theories. It is a novel insight to identify the mediating effect of resource bundling. This study likely will inspire more scholarly research on the subject. It also lays a solid foundation for further inquiry such as complementarities between effectuation and causation.
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This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Abstract
Purpose
This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
High-tech new ventures are typically beset by significant challenges in their marketplaces. Using effectuation, innovation strategy and the moderating force of opportunity shaping, they are able to gain competitive advantage.
Originality/value
The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
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The purpose of this study is to prepare Polystyrene grafted with Zeolite Y (Zeosty) for Uranyl ion [U(VI)] adsorption from aqueous solution. The adsorption mechanism has been…
Abstract
Purpose
The purpose of this study is to prepare Polystyrene grafted with Zeolite Y (Zeosty) for Uranyl ion [U(VI)] adsorption from aqueous solution. The adsorption mechanism has been explained by studying kinetic, isothermal and thermodynamic models.
Design/methodology/approach
Polystyrene was grafted with Zeosty by a simple hydrothermal technique. Zeosty was characterized by different techniques such as X-ray diffraction, scanning electron microscope, energy dispersive X-ray and Infrared spectroscopy to confirm its structure and its molecular composition. Zeosty was used for U(VI) adsorption from an aqueous solution in a series of batch experiments. The effects of pH, contact time, initial U(VI) concentration and temperature on the adsorption process were investigated.
Findings
The results showed that the adsorption of U(VI) on the prepared reached equilibrium at pH 6 with a removal efficiency of 98.9%. Adsorption kinetics and isotherms models are studied on the experimental data to estimate the mechanism of the adsorption reaction was chemisorption and homogenous reaction. The activity of Zeosty increased at high temperatures, resulting in the adsorption capacity increase. Thermodynamic parameters ΔGo, ΔHo and ΔSo indicate that the adsorption processes are spontaneous and endothermic. Zeosty has an effective surface and could be considered a valuable adsorbent for U(VI) removal from aqueous waste. A comparison study proves that the new adsorbent has high effective behavior in the adsorption process, and it is considered a new reliable adsorbent for U(VI) removal from wastewater.
Originality/value
This study is complementary to the previous study using the same technique to prove that the effective fine particle adsorbents need solid support to enhance their absorption capacities.
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Yun Zhang, Zhihong Li, Yongzhong Sha and Kehu Yang
As two essential styles of firm decision-making, the relationships among effectuation logic, causation logic and firm performance are unclear. It is helpful to deepen the…
Abstract
Purpose
As two essential styles of firm decision-making, the relationships among effectuation logic, causation logic and firm performance are unclear. It is helpful to deepen the understanding of reasoning theory and the process of decision-making. The purpose of this paper is to explore the relationship between effectuation logic, causation logic and firm performance.
Design/methodology/approach
Based on 31 independent empirical studies (including 11,600 samples) published by predecessors, meta-analysis is used to systematically integrate the impact of two decision-making styles on firm performance and explore the potential factors affecting their relationship.
Findings
The results show a positive correlation between two decision-making styles and firm performance and the influence of effectuation decision-making style in firm performance is slightly stronger. However, the application environment is different: in the emerging market, the causation decision-making style is more effective for firm performance management. When the firm chooses the effectuation decision-making style, it is more effective for performance management in the emerging market. In addition, the industry type, firm performance evaluation tools, national development level and firm scale and firm age can significantly moderate the impact of two decision-making styles on firm performance.
Research limitations/implications
Both decision-making logics are possible ways for firm to success. Still, the future needs to dig deeper into the black box that can unlock the decision-making styles to achieve firm performance or competitive advantage based on other factors of the decision-behavior-outcome business model, more longitudinal data and experiments.
Originality/value
To the best of the authors’ knowledge, this is the first study to explore the impact of decision-making styles (effectuation logic and causation logic) on firm performance using a meta-analysis.