Skip to main content

Advertisement

Log in

Innovation resources integration pattern in high-tech entrepreneurial enterprises

  • Published:
International Entrepreneurship and Management Journal Aims and scope Submit manuscript

Abstract

This paper discusses the innovation resource intergration pattern of high-tech entrepreneurial enterprises formed through integration of internal and external innovation resources in the face of demand change and continuous competition. The study finds that the core of the high-tech entrepreneurial enterprise’ sustainable growth is the effective integration of internal and external innovation resources, and the effective pattern of innovation resource integration is group polymerisation and chain integration. These two innovation resource integration pattern either substantiates the traditional theory of innovation resource integration and offers a guidance for growth practices of high-tech entrepreneurial enterprises in China.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3

Similar content being viewed by others

References

  • Adegbesan, J. A. (2009). On the origins of competitive advantage: Strategic factor markets and heterogeneous resource complementarity. Academy of Management Review, 34(3), 463–475.

    Article  Google Scholar 

  • Alvarez, S. A., & Barney, J. B. (2005). How do entrepreneurs organize firms under conditions of uncertainty. Journal of Management, 31, 776–793.

    Article  Google Scholar 

  • Asare, A. K., Brashear, T. G., Kang, J., Alejandro, T. B., & Yang, J. (2013). The relationship between supplier development and firm performance: The mediating role of marketing process improvement. Journal of Business & Industrial Marketing, 28(6), 523–532.

    Article  Google Scholar 

  • Baker, T., & Nelson, R. E. (2005). Creating something from nothing:Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329–366.

    Article  Google Scholar 

  • Barney, J. B. (1991). Firm resource and sustained competitive advantage. Journal of Management, 17(1), 99–120.

    Article  Google Scholar 

  • Baum, J. R. (2003). Entrepreneurs' start-up cognitions and behaviors: Dreams, surprises, shortages, and fast zigzags. Working paper presented at the Babson Kauffman Entrepreneurship Research Conference. https://papers.ssrn.com/sol3/Data_Integrity_Notice.cfm?abid=1783689. Accessed 16 June 2017.

  • Bicen, P., & Johnson, W. H. A. (2014). How do firms innovate with limited resources in turbulent markets. Innovation: Management, Policy and Practice, 16(3), 4207–4240.

    Article  Google Scholar 

  • Bullinger, H. J., Auernhammer, K., & Gomeringer, A. (2004). Managing innovation networks in the knowledge-driven economy. International Journal of Production Research, 42(17), 3337–3353.

    Article  Google Scholar 

  • Burt, R. S. (1995). Structural holes: The social structure of competition. Cambridge: Harvard University Press.

    Google Scholar 

  • Choi, J. (2010). Characteristics of network and performance of technology based start-up. Journal of Entrepreneurship and Venture Studies, 13(4), 87–108.

    Google Scholar 

  • Christensen, C. (1997). The innovator’s dilemma. Boston: Harvard Business School Press.

    Google Scholar 

  • Ciabuschi, F., Perna, A., & Snehota, I. (2012). Assembling resources when forming a new business. Journal of Business Research, 65(2), 220–229.

    Article  Google Scholar 

  • Collins, C. J., & Smith, K. G. (2006). Knowledge exchange and combination:The role of human resource practices in the performance of high-technology firms. Academy of Management, 49(3), 544–560.

    Article  Google Scholar 

  • Colombo, M. G., & Grilli, L. (2010). On growth drivers of high-tech start-ups: Exploring the role of founders' human capital and venture capital. Journal of Business Venturing, 25(6), 610–626.

    Article  Google Scholar 

  • De Silva, D. G., & McComb, R. P. (2012). Research universities and regional high-tech firm start-up and exit. Economic Inquiry, 50(1), 112–130.

  • Dornberger, U. (2009). The locational factors and performance of the high-tech startups in china. International Journal of Entrepreneurship & Small Business, 7(3),312–323.

  • Duysters, G., & Hagedoorn, J. (2000). Core competences and company performance in the world-wide computer industry. The Journal of High Technology Management Research, 11(1), 75–91.

    Article  Google Scholar 

  • Echtelt, F. E. A. V., Wynstra, F., Weele, A. J. V., & Duysters, G. (2008). Managing supplier involvement in new product development: A multiple-case study. Journal of Product Innovation Management, 25(2), 180–201.

    Article  Google Scholar 

  • Feng, T., Sun, L., & Zhang, Y. (2010). The effects of customer and supplier involvement on competitive advantage: An empirical study in china. Industrial Marketing Management, 39(8), 1384–1394.

    Article  Google Scholar 

  • Finney, R. Z., Campbell, N. D., & Powell, C. M. (2005). Strategies and resources: Pathways to success? Journal of Business Research, 58(12), 1721–1729.

    Article  Google Scholar 

  • Freeman, C. (1974). The Economics of Industrial Innovation. London: Routledge.

  • Freeman, C. (1991). Networks of innovators: A synthesis of research issues. Research Policy, 20(5), 499–514.

    Article  Google Scholar 

  • Grilli, L., & Murtinu, S. (2014). Government, venture capital and the growth of european high-tech entrepreneurial firms. Research Policy, 43(9), 1523–1543.

    Article  Google Scholar 

  • Guo, H., Su, Z., & Ahlstorm, D. (2015). Business model innovation: The effects of exploratory orientation, opportunity recognition, and entrepreneurial bricolage in an emerging economy. Asia Pacific Journal of Management, 33(2), 1–17.

    Google Scholar 

  • Han, S. S. (2016). Industry structure, technology characteristics, technology marketing and performance of technology-based start-ups: With focus on technology marketing strategy. Journal of Distribution Science, 14(2), 93–101.

    Article  Google Scholar 

  • Handfield, R. B., & Bechtel, C. (2002). The role of trust and relationship structure in improving supply chain responsiveness. Industrial Marketing Management, 31(4), 367–382.

    Article  Google Scholar 

  • Henderson, R. (2006). The innovator’s dilemma as a problem of organizational competence. Journal of Product Innovation Management, 23(1), 5–11.

    Article  Google Scholar 

  • Hill, C. W., Jones, L., & Gareth, R. (2001). Strategic management: An integrated approach. Boston: Houghton Mifflin.

    Google Scholar 

  • Holcomb, T. R., Ireland, R. D., Holmes Jr., R. M., et al. (2009). Architecture of entrepreneurial learning: Exploring the link among heuristics, knowledge, and action. Entrepreneurship Theory and Practice, 33(1), 167–192.

    Article  Google Scholar 

  • Hughes, M., Morgan, R. E., Ireland, R. D., & Hughes, P. (2011). Network behaviours, social capital, and organisational learning in high-growth entrepreneurial firms. International Journal of Entrepreneurship & Small Business, 12(3), 257–272.

  • Humphery-Jenner, M., & Suchard, J. A. (2013). Foreign venture capitalists and the internationalization of entrepreneurial companies: Evidence from china. Journal of International Business Studies, 44(6), 607–621.

    Article  Google Scholar 

  • Johnsen, T. E. (2009). Supplier involvement in new product development and innovation: Taking stock and looking to the future. Journal of Purchasing and Supply Management, 15(3), 187–197.

    Article  Google Scholar 

  • Keupp, M. M., & Gassmann, O. (2013). Resource constraints as triggers of radical innovation: Longitudinal evidence from the manufacturing sector. Research Policy, 42(8), 1457–1468.

    Article  Google Scholar 

  • Kim, B. K. (2017). The dominant factors affecting the performance of technology-based start-ups in the Korean business incubators. Journal of the Korean Entrepreneurship Society, 12(1), 35–67.

    Google Scholar 

  • Kraaijenbrink, J. (2012). Integrating knowledge and knowledge processes: A critical incident study of product development projects. Journal of Product Innovation Management, 29(6), 1082–1096.

    Article  Google Scholar 

  • Kristensson, P., Magnusson, P. R., & Matthing, J. (2002). Users as a hidden resource for creativity: Findings from an experimental study on user involvement. Creativity and Innovation Management, 11(1), 55–61.

    Article  Google Scholar 

  • Kwun, M., & Jeong, H. (2012). The effect of entrepreneurs’ characteristic, technological capabilities and network on firm performance of technology based start-ups. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(1), 7–18.

    Article  Google Scholar 

  • Lansiti, M., & West, J. (1997). Technology integration: Turning great research into great products. Harvard Business Review on managing high-tech industries, 75, 1–29.

    Google Scholar 

  • Lechner, C., & Dowling, M. (2003). Firm networks: External relationships as sources for the growth and competitiveness of entrepreneurial firms. Entrepreneurship & Regional Development: An International Journal, 15(1), 1–26.

    Article  Google Scholar 

  • Lee, H., Kim, E., & Kim, Y. (2012). A study of the patent-related activities affecting the early stage company performance of technology-based start-ups. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 7(3), 45–53.

    Article  Google Scholar 

  • Liu, L., Wang, B., & Pan, X. (2012). Capability evolution and development of S&T start-up enterprises: A case study of Guangyang corporation. Science Research Management, 33(6), 16–23.

    Google Scholar 

  • Ma, X., Zhou, Z., & Fan, X. (2015). The process of dynamic capability emergence in technology start-ups – An exploratory longitudinal study in china. Technology Analysis & Strategic Management, 27(6), 675–692.

    Article  Google Scholar 

  • March, J. G., & Simon, H. A. (1958). Organizations. New York: Wiley.

    Google Scholar 

  • Miozzo, M., & Divito, L. (2016). Growing fast or slow?: Understanding the variety of paths and the speed of early growth of entrepreneurial science-based firms. Research Policy, 45(5), 964–986.

    Article  Google Scholar 

  • Pettigrew, A. M. (1990). Longitudinal field researchon change: Theory and practice. Organization Science, 1(3), 267–292.

    Article  Google Scholar 

  • Ramanathan, U., Bentley, Y., & Gu, P. (2014). The role of collaboration in the uk green supply chains: An exploratory study of the perspectives of suppliers, logistics and retailers. Journal of Cleaner Production, 70(5), 231–241.

    Article  Google Scholar 

  • Sager, B., & Dowling, M. (2009). Strategic marketing planning for opportunity exploitation in young entrepreneurial companies. International Journal of Entrepreneurial Venturing, 1(1), 73–96.

    Article  Google Scholar 

  • Senyard, J., Baker, T., & Davidson, P. (2009). Entrepreneurial bricolage: Towards systematic empirical testing. Frontiers of Entrepreneurship Resource, 29(5), 1–14.

    Google Scholar 

  • Senyard, J. M., Baker, T., Steffens, P. R., et al. (2014). Bricolage as a path to innovativeness for resource-constrained new firms. Journal of Product Innovation Management, 31(2), 211–230.

    Article  Google Scholar 

  • Shepherd, D. A., & Zacharakis, A. (2003). A new venture's cognitive legitimacy: An assessment by customers. Journal of Small Business Management, 41(2), 148–167.

    Article  Google Scholar 

  • Sirmon, D. G., & Hitt, M. A. (2009). Contingencies within dynamic managerial capabilities: Interdependent effects of resource investment and deployment on firm performance. Strategic Management Journal, 30(13), 1375–1394.

    Article  Google Scholar 

  • Sirmon, D. G., Hitt, M. A., & Ireland, R. D. (2007). Managing firm resources in dynamic environments to create value: Looking inside the black box. Academy of Management Review, 32(1), 273–292.

    Article  Google Scholar 

  • Sirmon, D. G., Gove, S., & Hitt, M. A. (2008). Resource management in dyadic competitive rivalry: The effects of resource bundling and deployment. Academy of Management Journal, 51(5), 919–935.

    Article  Google Scholar 

  • Sirmon, D. G., Hitt, M. A., Ireland, R. D., & Gilbert, B. A. (2011). Resource orchestration to create competitive advantage: Breadth, depth, andlife cycle effects. Journal of Management: Official Journal of the Southern Management Association, 37(5), 1390–1412.

    Article  Google Scholar 

  • Song, M., & Benedetto, C. D. (2008). Supplier's involvement and success of radical new product development in new ventures. Journal of Operations Management, 26(1), 1–22.

    Article  Google Scholar 

  • Song, L. Z., Song, M., & Parry, M. E. (2010). Perspective: Economic conditions, entrepreneurship, first-product development, and new venture success. Journal of Product Innovation Management, 27(1), 130–135.

    Article  Google Scholar 

  • Steffens, P. R., et al. (2009). Linking resource acquisition and development processes to resource-based advantage: Bricolage and the resource-based view. Adelaide:6th AGSE International Entrepreneurship Resource Exchange, 14(2).

  • Strehle, F., Katzy, B. R., & Davila, T. (2010). Learning capabilities and the growth of technology-based new ventures. International Journal of Technology Management, 52(1/2), 26–45.

    Article  Google Scholar 

  • Taji, N. (2013). Resource acquisition in global strategy of high-tech startups: Case studies of Cambridge region. Working paper presented at the Engineering, Technology and Innovation (ICE) & IEEE International Technology Management Conference. http://innovate.ieee.org/innovate/35675?LT=XPLLG_XPL_Bold728x90_Q3.16_FT_Subpage. Accessed 13 June 2017.

  • Teece, D. J. (2007). Explicating dynamic capabilities: The nature and microfoundations of enterprise performance. Strategic Management Journal, 28, 1319–1350.

    Article  Google Scholar 

  • Tsai, K. H., & Wang, J. C. (2008). External technology acquisition and firm performance: A longitudinal study. Journal of Business Venturing, 23(1), 91–112.

    Article  Google Scholar 

  • Tsai, Y. H., Joe, S. W., Ding, C. G., & Lin, C. P. (2013). Modeling technological innovation performance and its determinants: An aspect of buyer–seller social capital. Technological Forecasting and Social Change, 80(6), 1211–1221.

    Article  Google Scholar 

  • Wiklund, J., & Shepherd, D. A. (2009). The effectiveness of alliances and acquisitions: The role of resource combination activities. Entrepreneurship Theory and Practice, 33(1), 193–212.

    Article  Google Scholar 

  • Winter, S. G., & Nelson, R. R. (1982). An evolutionary theory of economic change. Cambridge: Belknap Press of Harvard University Press.

    Google Scholar 

  • Zahra, S. A. (2000). Technology strategy and new venture performance: A study of corporate-sponsored and independent biotechnology ventures. Journal of Business Venturing, 10(4), 289–321.

    Google Scholar 

  • Zhang, Y., & Si, C. (2008). The impacts of external factors on the growth of chinese entrepreneurial enterprises: An empirical study. Journal of Small Business & Enterprise Development, 15(4), 689–703.

    Article  Google Scholar 

Download references

Acknowledgements

This paper is the stage achievement of Program for New Century Excellent Talents in University (NCET-12-0595), National Nature Science Fundation Project (71303029), Dalian Science and Technology Plan Project (2015D12ZC176) and Dalian Youth Science and Technology Star Breeding Plan Project (2016RQ004). The authors thank for the support of Program for New Century Excellent Talents in University, National Nature Science Fundation, Dalian Science and Technology Plan and Dalian Youth Science and Technology Star Breeding Plan.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Malin Song.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Pan, X., Zhang, J., Song, M. et al. Innovation resources integration pattern in high-tech entrepreneurial enterprises. Int Entrep Manag J 14, 51–66 (2018). https://doi.org/10.1007/s11365-017-0464-5

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11365-017-0464-5

Keywords

Navigation