An image of industry: exploring the effects of knowledge sources in the medical imaging industry

IF 2.8 4区管理学 Q2 BUSINESS Industrial and Corporate Change Pub Date : 2023-12-12 DOI:10.1093/icc/dtad072

U David Park, Youngsir Rha, Sonali K Shah, Shinjinee Chattopadhyay

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Abstract

Scholars have long been interested in understanding how a firm’s “pre-history” shapes its behavior and performance, with recent scholarship highlighting the fact that industry entrants stem from different knowledge sources. Knowledge sources, the context in which entrants develop the knowledge they bring as they enter an industry, are argued to be important, because they may have differential effects on firm strategy and performance. We explore the effects of five different knowledge sources on firm behavior and survival using a mixed-methods approach. Survival analysis shows that user-founded new ventures outsurvive academic-founded new ventures, employee-founded new ventures, related diversifying entrants, and unrelated diversifying entrants. Qualitative analysis suggests that user-founded new ventures often enter niche markets defined by the clinical expertise of their founders and remain in these markets over time, honing their product offerings to specific clinical needs. Our analyses are based on novel, hand-collected archival data on the population of entrants in the modern medical imaging industry. We discuss the implications of these findings for the evolutionary theory, strategic management, and entrepreneurship literatures.

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行业形象：探索医学影像行业知识来源的影响

长期以来，学者们一直有兴趣了解企业的 "前史 "是如何影响其行为和绩效的，最近的学术研究强调了这样一个事实，即行业进入者来自不同的知识来源。知识来源，即进入者在进入一个行业时发展知识的背景，被认为是非常重要的，因为它们可能对企业战略和绩效产生不同的影响。我们采用混合方法探讨了五种不同知识来源对企业行为和生存的影响。存活率分析表明，用户创办的新企业比学术创办的新企业、雇员创办的新企业、相关多元化新企业和非相关多元化新企业存活率更高。定性分析表明，用户创办的新企业通常会进入由其创始人的临床专业知识所定义的利基市场，并随着时间的推移留在这些市场中，根据特定的临床需求完善其产品。我们的分析基于手工收集的现代医学成像行业新进入者的档案数据。我们将讨论这些发现对演化理论、战略管理和创业精神等领域的影响。

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来源期刊

Industrial and Corporate Change Multiple-

CiteScore

5.10

自引率

4.00%

发文量

期刊介绍： The journal covers the following: the internal structures of firms; the history of technologies; the evolution of industries; the nature of competition; the decision rules and strategies; the relationship between firms" characteristics and the institutional environment; the sociology of management and of the workforce; the performance of industries over time; the labour process and the organization of production; the relationship between, and boundaries of, organizations and markets; the nature of the learning process underlying technological and organizational change.