Strategic consensus at founding and product innovation performance in high-tech ventures

IF 10.5 1区管理学 Q1 BUSINESS Journal of Business Research Pub Date : 2024-11-23 DOI:10.1016/j.jbusres.2024.115082

Li-Qun Wei , Yan Ling , Franz W. Kellermanns , Yuli Zhang

{"title":"Strategic consensus at founding and product innovation performance in high-tech ventures","authors":"Li-Qun Wei , Yan Ling , Franz W. Kellermanns , Yuli Zhang","doi":"10.1016/j.jbusres.2024.115082","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines whether high-tech ventures would be better at product innovation if their top management team (TMT) members had higher levels of strategic consensus at founding, and, if so, how it happens. Taking the entrepreneurial process model (EPM) as our research lens, we propose that TMT strategic consensus can streamline opportunity recognition, leading to faster TMT decision-making; higher TMT decision speed then facilitates opportunity exploitation in which product innovation is realized. We also suggest that this indirect influence is contextually sensitive; that is, external conditions (specifically, environmental competitiveness) negatively moderate the relationship between strategic consensus and decision speed, and internal conditions (specifically, structural specialization among TMT members) positively moderate the relationship between decision speed and product innovation. Drawing on a sample of 92 Chinese high-tech ventures and using a lagged, multiple-respondent design, we found support for these arguments.</div></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":"188 ","pages":"Article 115082"},"PeriodicalIF":10.5000,"publicationDate":"2024-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Research","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0148296324005861","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

This study examines whether high-tech ventures would be better at product innovation if their top management team (TMT) members had higher levels of strategic consensus at founding, and, if so, how it happens. Taking the entrepreneurial process model (EPM) as our research lens, we propose that TMT strategic consensus can streamline opportunity recognition, leading to faster TMT decision-making; higher TMT decision speed then facilitates opportunity exploitation in which product innovation is realized. We also suggest that this indirect influence is contextually sensitive; that is, external conditions (specifically, environmental competitiveness) negatively moderate the relationship between strategic consensus and decision speed, and internal conditions (specifically, structural specialization among TMT members) positively moderate the relationship between decision speed and product innovation. Drawing on a sample of 92 Chinese high-tech ventures and using a lagged, multiple-respondent design, we found support for these arguments.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

高科技企业的战略共识与产品创新绩效

本研究考察了如果高科技企业的高层管理团队（TMT）成员在成立之初就有更高水平的战略共识，那么它们是否会在产品创新方面做得更好，如果是的话，它是如何发生的。以创业过程模型（EPM）为研究视角，提出TMT战略共识可以简化机会识别，从而加快TMT决策；更高的TMT决策速度有助于实现产品创新的机会开发。我们还认为，这种间接影响是上下文敏感的；即外部条件（特别是环境竞争力）负向调节战略共识与决策速度之间的关系，内部条件（特别是TMT成员之间的结构性专业化）正向调节决策速度与产品创新之间的关系。我们以92家中国高科技企业为样本，采用滞后的多受访者设计，发现了对这些论点的支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.