The origins of capabilities: resource allocation strategies, capability development, and the performance of new firms

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Title: The origins of capabilities: resource allocation strategies, capability development, and the performance of new firms
Authors: Symeonidou, N
Leiponen, A
Autio, E
Bruneel, J
Item Type: Journal Article
Abstract: Resource-constrained new ventures need to decide how to allocate their scarce resources to develop internal functional capabilities in order to survive and grow. Drawing on the longitudinal Kauffman Firm Survey of U.S. start-ups, we explore the performance implications of broad versus narrow scope in new firms' functional capability development and show that focus rather than breadth in capability development is conducive to higher revenue performance, although financial and knowledge resource availability moderate this relationship. Studying capability development in entrepreneurial firms informs our understanding of capability development in any firm competing under time and resource constraints.
Issue Date: Jul-2022
Date of Acceptance: 21-Feb-2022
URI: http://hdl.handle.net/10044/1/97228
DOI: 10.1016/j.jbusvent.2022.106208
ISSN: 0883-9026
Publisher: Elsevier BV
Start Page: 106208
End Page: 106208
Journal / Book Title: Journal of Business Venturing
Volume: 37
Issue: 4
Copyright Statement: © 2022 Elsevier Inc. All rights reserved
Sponsor/Funder: Engineering & Physical Science Research Council (E
Funder's Grant Number: EP/V028480/1
Keywords: Business & Management
1502 Banking, Finance and Investment
1503 Business and Management
1505 Marketing
Publication Status: Published
Embargo Date: Embargoed for 24 months after publication date
Article Number: 106208
Appears in Collections:Imperial College Business School