Abstract
Many studies have provided evidence of a positive relationship between strategic capabilities and new venture performance. This study applies the resource-based view and strategic fit theory to develop a model that investigates how startup founding strategy affects the strength of the strategic capabilities–performance relationship in new ventures. We conduct an empirical study of 146 U.S. new ventures and 425 Chinese new ventures to test the proposed model. The results show that, for U.S. ventures, technology-driven strategy increases the effect of technology capabilities on new venture performance but decreases the effects of marketing and market-linking capabilities on new venture performance. By contrast, Chinese ventures' technology-driven strategy has a significantly negative moderating effect on the relationship between market-linking capabilities and performance. We discuss the implications of the empirical findings for ventures pursuing technology-driven and market-driven strategies.
Funding source: China Natural Science Foundation
Award Identifier / Grant number: 71772054; 72002162
Funding source: the Ministry of Education, Humanities and Social Science Project of China
Award Identifier / Grant number: 20YJCZH224
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Research funding: This work was supported by the China Natural Science Foundation under Grant 71772054 and Grant 72002162; and by the Ministry of Education, Humanities and Social Science Project of China under Grant 20YJCZH224.
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© 2021 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Examining the Creative Self-Efficacy, Goal Interdependence, and Satisfaction of New Venture Teams in the Board Game Industry
- The Startup Selection Process in Accelerators: Qualitative Evidence from Turkey
- Social Entrepreneurship and Volunteering: Moderation Effects of Volunteer Experience Levels on Social Entrepreneurial Intent Model
- Reassessing Passion and Perseverance as Dimensions of Individual Entrepreneurial Orientation: A Conceptual and Empirical Investigation into Theory and Measurement
- Entrepreneurial Team Conflict and Cohesion: Meta-structural Equation Modeling
- Corporate Entrepreneurship as a Learning Process: Development of New Capabilities
- Constructing an Entrepreneurial Identity: How Enterprise Intentions Among Young People are Motivationally Formed
- Does Start-Up Founding Strategy Increase or Decrease the Effects of Strategic Capabilities on New Venture Performance?
- Capturing Transnational Entrepreneurial Opportunities through Dual Identification: Immigrant Entrepreneurs and Transnational Activities
- A Systematic Literature Review and Meta-Analysis of Entrepreneurial Personality
- The Curvilinear Relationship Between Collective Team Identification and New Venture Performance: The Moderating Effect of Environmental Uncertainty
- Entrepreneurial Orientation, Dynamic Capability, and Franchisee Performance: The Role of Market Responsiveness
- Commentary
- Mariusz Soltanifar, Mathew Hughes, Lutz Gocke – Digital Entrepreneurship, Impact on Business and Society (2021, Springer International Publishing)
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Examining the Creative Self-Efficacy, Goal Interdependence, and Satisfaction of New Venture Teams in the Board Game Industry
- The Startup Selection Process in Accelerators: Qualitative Evidence from Turkey
- Social Entrepreneurship and Volunteering: Moderation Effects of Volunteer Experience Levels on Social Entrepreneurial Intent Model
- Reassessing Passion and Perseverance as Dimensions of Individual Entrepreneurial Orientation: A Conceptual and Empirical Investigation into Theory and Measurement
- Entrepreneurial Team Conflict and Cohesion: Meta-structural Equation Modeling
- Corporate Entrepreneurship as a Learning Process: Development of New Capabilities
- Constructing an Entrepreneurial Identity: How Enterprise Intentions Among Young People are Motivationally Formed
- Does Start-Up Founding Strategy Increase or Decrease the Effects of Strategic Capabilities on New Venture Performance?
- Capturing Transnational Entrepreneurial Opportunities through Dual Identification: Immigrant Entrepreneurs and Transnational Activities
- A Systematic Literature Review and Meta-Analysis of Entrepreneurial Personality
- The Curvilinear Relationship Between Collective Team Identification and New Venture Performance: The Moderating Effect of Environmental Uncertainty
- Entrepreneurial Orientation, Dynamic Capability, and Franchisee Performance: The Role of Market Responsiveness
- Commentary
- Mariusz Soltanifar, Mathew Hughes, Lutz Gocke – Digital Entrepreneurship, Impact on Business and Society (2021, Springer International Publishing)