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Portfolio entrepreneurship and resource orchestration

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Title: Portfolio entrepreneurship and resource orchestration
Authors: Baert, C
Meuleman, M
Debruyne, M
Wright, M
Item Type: Journal Article
Abstract: Research summary This study examines the role of resource orchestration for the exploration and exploitation of opportunities through portfolio entrepreneurship. Adopting a single-case study approach, we identify eight distinctive resource orchestration subprocesses that we group into three aggregate resource orchestration processes that enable the development and exploitation of a set of resources and capabilities across a portfolio of ventures. Our findings extend the literature on enduring entrepreneurship by building theory on how resource orchestration across a portfolio of ventures facilitates the emergence of synergies when exploring and exploiting opportunities. Managerial summary This study examines the processes through which an entrepreneur structures and rearranges resources and capabilities across multiple firms as he/she grows a portfolio of firms to engage in the exploration and exploitation of market opportunities. Entrepreneurs can obtain insights for building their businesses from the eight processes we identify; these processes allow entrepreneurs to develop synergies as they create and put to use a set of resources and capabilities across their businesses. Through these synergies, entrepreneurs can share, transform, and harmonize resources and capabilities across their firms. This can enable them to continuously and simultaneously explore and exploit market opportunities, which ultimately facilitates the sustainability of their businesses. Copyright © 2016 Strategic Management Society.
Issue Date: 7-Dec-2016
Date of Acceptance: 4-Jan-2016
URI: http://hdl.handle.net/10044/1/50889
DOI: 10.1002/sej.1227
ISSN: 1932-4391
Publisher: Wiley
Start Page: 346
End Page: 370
Journal / Book Title: Strategic Entrepreneurship Journal
Volume: 10
Issue: 4
Copyright Statement: © 2016 Strategic Management Society. This is the accepted version of the following article, which has been published in final form athttp://onlinelibrary.wiley.com/doi/10.1002/sej.1227/abstract
Sponsor/Funder: Economic & Social Research Council (ESRC)
Funder's Grant Number: R.IBSE.3018
Keywords: Social Sciences
Business
Management
Business & Economics
portfolio entrepreneur
resource orchestration
exploration/exploitation
enduring entrepreneurship
strategic entrepreneurship
BUSINESS GROUP FORMATION
LIFE-CYCLE
STRATEGIC ENTREPRENEURSHIP
HABITUAL ENTREPRENEURS
DYNAMIC CAPABILITIES
FIRM PERFORMANCE
EXPLOITATION
ACQUISITION
MODEL
EXPLORATION
Social Sciences
Business
Management
Business & Economics
portfolio entrepreneur
resource orchestration
exploration/exploitation
enduring entrepreneurship
strategic entrepreneurship
BUSINESS GROUP FORMATION
LIFE-CYCLE
STRATEGIC ENTREPRENEURSHIP
HABITUAL ENTREPRENEURS
DYNAMIC CAPABILITIES
FIRM PERFORMANCE
EXPLOITATION
ACQUISITION
MODEL
EXPLORATION
1503 Business and Management
Publication Status: Published
Online Publication Date: 2016-10-18
Appears in Collections:Imperial College Business School