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Temporality and Collaboration in Entrepreneurial Ownership and Finance 企业所有权与融资中的时间性与协作性
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.29
M. Wright
This chapter explores the ownership heterogeneity of collaboration in entrepreneurial ventures over time. First, it adopts a temporal perspective to examine two aspects of traditional entrepreneurial start-up activities: the evolution of collaboration in the entrepreneurial team in a particular venture over time and the evolution of collaboration as habitual entrepreneurs develop the portfolio of ventures they own over time. Second, it takes a temporal view to examine the nature of collaboration in entrepreneurial ventures in different environmental contexts, specifically, academic spin-offs, secondary management buyouts/buy-ins, and returnee entrepreneurs. These contexts represent cases where the nature and challenges of collaboration may be quite distinct from that in traditional commercial start-up ventures in developed economies. Third, it examines the temporal dimensions of collaboration in different forms of the financing of entrepreneurial ventures. A final discussion section considers directions for future research.
本章探讨了随着时间的推移,创业企业中合作的所有权异质性。首先,本文采用时间视角考察了传统创业创业活动的两个方面:在特定企业中,创业团队的合作随着时间的推移而演变,以及习惯性企业家随着时间的推移而发展其拥有的企业组合时的合作演变。第二,从时间的角度考察不同环境背景下创业企业合作的性质,特别是学术附带利益、二级管理层收购/收购和回国企业家。在这些情况下,合作的性质和挑战可能与发达经济体中传统的商业开办企业的性质和挑战大不相同。第三,它考察了不同形式的创业企业融资合作的时间维度。最后的讨论部分考虑未来研究的方向。
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引用次数: 0
Collaboration Inside the Firm 公司内部的合作
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.39
Elena Kulchina
Founding and operating a firm is a collaborative process, but still little is known about the nature of collaboration between entrepreneurs and other members of the new-venture team, particularly key employees. For example, traditional entrepreneurship literature believed that founders always run their start-ups personally, at least in the early years of operation. However, recent empirical studies suggest that a significant share of founders hire CEOs for their start-ups at the time of founding or soon thereafter. This chapter explores what motivates founders to delegate managerial control to a hired agent, how founders choose their managers, and how they govern relationships with their CEOs.
创建和运营一家公司是一个合作的过程,但人们对企业家和新创业团队其他成员(尤其是关键员工)之间合作的本质知之甚少。例如,传统的创业文献认为,创始人总是亲自经营他们的初创企业,至少在运营的最初几年是这样。然而,最近的实证研究表明,很大一部分创始人在创业之初或之后不久就为他们的初创企业聘请了首席执行官。本章探讨了创始人将管理控制权委托给雇佣代理人的动机,创始人如何选择他们的经理,以及他们如何管理与首席执行官的关系。
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引用次数: 0
Family Founding Teams, Internal and External Collaboration, and New Venture Growth 家族创始团队,内部和外部合作,以及新企业的成长
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.8
Suho Han, Sae Young Lee, Melissa E. Graebner
Despite the prevalence of spousal, sibling, and parent–child ties within venture founding teams, little research has examined how family relationships among founders influence early entrepreneurial processes. This chapter explores how family relationships within founding teams influence internal and external collaboration. Within the firm, the chapter focuses on collaboration issues related to recruitment, changes in the management team, and strategic decision making. Beyond the firm’s boundaries, the chapter focuses on collaboration with external investors, strategic partners, potential acquirers, and post–initial public offering stakeholders. It draws upon the literatures on family businesses and high-growth new ventures to explore how family ties may influence collaboration processes over three broad stages of venture development: seed, commercialization, and growth and exit. The chapter concludes by highlighting unanswered research questions and by identifying relevant methodologies, settings, and data sources with which to address these gaps.
尽管创业团队中普遍存在配偶、兄弟姐妹和亲子关系,但很少有研究调查创始人之间的家庭关系如何影响早期创业过程。本章探讨了创始团队内部的家庭关系如何影响内部和外部合作。在公司内部,本章主要关注与招聘、管理团队变更和战略决策相关的协作问题。在公司的边界之外,本章侧重于与外部投资者、战略合作伙伴、潜在收购者和首次公开发行后的利益相关者的合作。它借鉴了关于家族企业和高增长新创企业的文献,探索家族关系如何影响企业发展的三个广泛阶段的合作过程:种子、商业化、成长和退出。本章最后强调了未解决的研究问题,并确定了解决这些差距的相关方法、设置和数据来源。
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引用次数: 0
Collaboration Among Silicon Valley Venture Capitalists 硅谷风险资本家之间的合作
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.38
Lyda Bigelow, Jennifer W. Kuan, Kyle J. Mayer
Regional differences among industry clusters have long been a puzzle, especially when performance differences are significant. This chapter examines the case of venture capital investing, in which Silicon Valley differs from the rest of the world despite attempts to imitate its model. The point of entry in this chapter is the contract between venture capitalist and entrepreneur. Although such contracts have been analyzed in other research, this chapter argues that the psychological effects of different contract styles are of primary importance to innovative outcomes of entrepreneurial ventures. Thus, it argues that regulatory focus theory, which considers the psychological effects of contracting, is essential to understanding differences in practice and outcomes in venture capital clusters.
产业集群之间的区域差异长期以来一直是一个谜,尤其是在绩效差异显著的情况下。本章考察了风险资本投资的案例,尽管硅谷试图模仿其模式,但它与世界其他地区不同。本章的切入点是风险资本家与企业家之间的契约。尽管其他研究也对这类契约进行了分析,但本章认为,不同契约风格的心理效应对创业企业的创新成果至关重要。因此,本文认为,考虑契约心理效应的监管焦点理论对于理解风险投资集群在实践和结果上的差异至关重要。
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引用次数: 0
Collaborating With Larger Partners 与更大的伙伴合作
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.16
C. Lechner, Birthe Soppe, Karolina Heggli
Although interfirm collaborations between entrepreneurial firms and established partners have become ubiquitous in organizational and business life, academic research on collaborations between start-ups and large industry leaders has only received limited attention. Such collaborations are also known as “asymmetric” or “unbalanced” relationships. The purpose of this chapter is to provide a systematic literature review of the current state of research on collaborations between entrepreneurial and large firms. In particular, the chapter identifies several benefits and risks involved for entrepreneurial firms and uses the findings of the literature review as a springboard to provide a roadmap for future research on this timely topic.
尽管创业型公司和老牌合作伙伴之间的企业间合作在组织和商业生活中已经变得无处不在,但关于初创企业和大型行业领导者之间合作的学术研究却受到了有限的关注。这种合作也被称为“不对称”或“不平衡”关系。本章的目的是对创业公司和大公司之间合作的研究现状进行系统的文献综述。特别是,本章确定了创业公司所涉及的几个利益和风险,并将文献综述的发现作为跳板,为这一及时主题的未来研究提供路线图。
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引用次数: 0
The Role of Heuristics in Alliance Collaboration for Entrepreneurial Firms 启发式在创业型企业联盟合作中的作用
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.11
W. Hesterly, Jenny Smith
This chapter argues that reliance on either contracts or trust poses problems for many entrepreneurial firms in both the search for and the selection of potential alliance partners and in the governance of alliances once they have begun. Although effective contracts and trust are both desirable, this chapter notes that it is likely that entrepreneurial firms must often proceed with alliances in the absence of both conditions. It draws on a small but provocative body of research in the strategy field that examines the role of heuristics in strategy. It reviews three different approaches to heuristics and how they might apply generally to the understanding of alliances. The chapter focuses particularly on what it labels as deliberate heuristics and suggests different mechanisms by which entrepreneurs might develop such heuristics. It concludes by exploring several research questions that might enhance the understanding of the role of heuristics in the interfirm collaborations of entrepreneurial firms.
本章认为,对合同或信任的依赖给许多创业公司在寻找和选择潜在联盟伙伴以及联盟开始后的治理方面带来了问题。虽然有效的合同和信任都是可取的,但本章指出,在缺乏这两个条件的情况下,创业公司很可能必须经常进行联盟。它借鉴了战略领域的一小部分但具有挑衅性的研究,这些研究考察了启发式在战略中的作用。它回顾了三种不同的启发式方法,以及它们如何普遍适用于对联盟的理解。本章特别关注它所标榜的深思熟虑的启发式,并提出企业家可能发展这种启发式的不同机制。本文最后探讨了几个研究问题,这些问题可能会增强对启发式在创业型企业间合作中的作用的理解。
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引用次数: 1
The Crowdfunding Paradigm 众筹模式
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.20
Sharon F. Matusik, Jessica Jones
Crowdfunding has become a major consideration for individuals looking to fund their ideas, endeavors, and businesses. This phenomenon raises interesting questions for management scholars, such as what theories help to explain the nuance of crowdfunding as a form of entrepreneurial financing. With regard to what leads to crowdfunding campaign success, this chapter argues that there are mixed motives associated with contributing to these campaigns, and theoretical dynamics vary according to these different motives. The chapter also notes two fundamental differences of crowdfunding from more traditional means of funding early-stage ventures: the nature of engagement and preference toward product or person. Drawing on theory related to capabilities, the chapter identifies conditions under which crowdfunding is likely to be more and less advantageous based on these two dimensions. In summary, it provides a model that explains important sources of heterogeneity (i.e., motives) and homogeneity (i.e., diffused engagement and product lock-in) within the crowdfunding phenomenon that add nuance to theory in the entrepreneurial financing literature.
众筹已经成为个人寻求资助他们的想法、努力和企业的主要考虑因素。这一现象为管理学者提出了一些有趣的问题,比如哪些理论有助于解释众筹作为一种创业融资形式的细微差别。关于众筹活动成功的原因,本章认为,参与众筹活动的动机是混合的,理论动力根据这些不同的动机而变化。本章还指出了众筹与传统的早期融资方式的两个根本区别:参与的本质和对产品或人的偏好。本章借鉴与能力相关的理论,基于这两个维度,确定众筹可能更有利和更不利的条件。总之,它提供了一个模型,解释了众筹现象中异质性(即动机)和同质性(即扩散参与和产品锁定)的重要来源,为创业融资文献中的理论增添了细微差别。
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引用次数: 0
The Communicative Constitution of Entrepreneurship 企业家精神的交际构成
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.15
Timothy Kuhn, Dana Marshall
This chapter pursues a novel conception of communication to highlight the collaborative processes associated with entrepreneurship. In contrast to a representational stance in which information dissemination is emphasized, this chapter presents a constitutive/dialogic approach to communication. This latter orientation portrays communication as an ongoing process that creates, recreates, and transforms meanings—and, in so doing, constitutes individuals, organizations, and the social worlds they inhabit. Though the representational stance has dominated entrepreneurship scholarship, this chapter presents three foci of research on entrepreneurship and collaboration to illustrate the constitution of contemporary entrepreneurs’ identities, entrepreneurial ecosystems, and entrepreneurial ventures. Based on the review, the chapter suggests that future entrepreneurship and collaboration research both engages with communication as constitution of organization (CCO) theorizing and explores the increasingly globalized character of entrepreneurial organizing.
本章探讨了沟通的新概念,以突出与创业相关的协作过程。与强调信息传播的代表性立场相反,本章提出了一种建构/对话的沟通方法。后一种倾向将沟通描绘成一个不断创造、再创造和转换意义的过程,并以此构成个人、组织和他们所居住的社会世界。尽管代表性立场在创业学研究中占主导地位,但本章提出了三个关于创业和合作的研究重点,以说明当代企业家身份、创业生态系统和创业企业的构成。在此基础上,本章建议未来的创业与协作研究既要将沟通作为组织构成(CCO)理论化,又要探索创业组织日益全球化的特征。
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引用次数: 0
Entrepreneurial Team Assembly 创业团队集结
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.7
Martin Ganco, Florence Honoré, Joseph Raffiee
This chapter provides a review of the scholarly literature on entrepreneurial teams and team formation. It pays special attention to two emerging areas of research that present many promising opportunities for future work. First, the chapter discusses the role of resource transfer in the context of start-up firms. It argues that an understanding of the antecedents and consequences of the founding process would be significantly advanced by more explicit theorizing and effort to empirically identify the specific types of resources entrepreneurial team members bring to start-up firms. It highlights one recent advancement in this space—work that has focused on a team’s ability to transfer customer and client relationships from the parent to start-up firms—and provides an outline of open research questions in this realm. Second, the chapter provides a primer on a recent methodological advancement—the use of two-sided assortative matching models—that can be applied to entrepreneurial team assembly to alleviate ongoing concerns that team formation is fundamentally an endogenous process. It demonstrates how these models can be applied using a wide variety of founder, cofounder, and early team member attributes, including an individual’s ability to transfer customer relationships. Importantly, it proposes that synergies emerging from the use of two-sided assortative matching models to study a broader set of team member attributes that include resource transfer will open promising new avenues for future research.
本章提供了关于创业团队和团队形成的学术文献综述。它特别关注两个新兴的研究领域,它们为未来的工作提供了许多有希望的机会。首先,本章讨论了资源转移在初创企业背景下的作用。它认为,通过更明确的理论化和经验地确定创业团队成员为初创公司带来的具体资源类型的努力,将大大促进对创业过程的前因后果的理解。它强调了这一领域的一个最新进展——专注于团队将客户和客户关系从母公司转移到初创公司的能力——并概述了这一领域的开放式研究问题。第二,本章提供了一个最近的方法论进展的入门-使用双边分类匹配模型-可以应用于创业团队组装,以减轻团队形成基本上是一个内生过程的持续担忧。它演示了如何使用各种各样的创始人、联合创始人和早期团队成员属性来应用这些模型,包括个人转移客户关系的能力。重要的是,它提出了使用双边分类匹配模型来研究包括资源转移在内的更广泛的团队成员属性集所产生的协同效应,将为未来的研究开辟有希望的新途径。
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引用次数: 1
Collaborating for Innovation 合作创新
Pub Date : 2019-11-07 DOI: 10.1093/oxfordhb/9780190633899.013.14
Peter G. Klein, Mark D. Packard, Karen Schnatterly
This chapter looks inside the firm at how organizational design affects collaboration in pursuit of corporate entrepreneurship or “intrapreneurship.” It shows how the intrafirm “marketplace” of ideas, employees, and resources can be strategically configured to encourage or inhibit collaborative innovation. The chapter focuses on the key structural dimensions of autonomy, sponsorship, and incentives. Complementarities between these dimensions create spillover effects that produce unique innovation outcomes by mitigating barriers to collaboration such as knowledge problems, resource constraints, and employee motivation. Illustrating configurations of these dimensions with company examples, the chapter shows how organizational design affects intrapreneurship and offers suggestions on how firms might strategically align their organizational structure with their intrapreneurial strategy.
本章着眼于公司内部组织设计如何影响追求企业企业家精神或“内部企业家精神”的合作。它展示了企业内部的想法、员工和资源的“市场”如何被战略性地配置,以鼓励或抑制合作创新。本章着重于自主权、赞助和激励的关键结构维度。这些维度之间的互补性产生了溢出效应,通过减轻协作障碍(如知识问题、资源约束和员工激励)产生独特的创新成果。本章以公司为例说明了这些维度的配置,展示了组织设计如何影响内部创业,并就公司如何在战略上使其组织结构与内部创业战略保持一致提供了建议。
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引用次数: 1
期刊
The Oxford Handbook of Entrepreneurship and Collaboration
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