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Resource orchestration in startups : synchronizing human capital investment, leveraging strategy and founder startup experience
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Symeonidou, Noni and Nicolaou, Nicos (2018) Resource orchestration in startups : synchronizing human capital investment, leveraging strategy and founder startup experience. Strategic Entrepreneurship Journal, 12 (2). pp. 194-218. doi:10.1002/sej.1269 ISSN 1932-4391.
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Official URL: http://doi.org/10.1002/sej.1269
Abstract
Research Summary: We examine the performance effects of resource orchestration in start-ups by investigating three key contingencies of resource orchestration: human capital (HC) investment relative to rivals, leveraging strategy, and founder start-up experience. We find that deviating from rivals' resource investments (either above or below the industry mean) negatively affects performance, while conforming to the norms set by rivals positively affects performance. However, we also find that a higher investment in HC relative to rivals is less detrimental when aligned with a leveraging strategy focused on innovation. In addition, we find evidence that this relationship is conditioned by the entrepreneurial experience of the founders themselves.
Managerial Summary: To create value, entrepreneurs need to assemble and manage various resources and capabilities. We explain how entrepreneurs can manage their resources to achieve higher performance. Using a sample of U.S. start-ups, we find that deviations in human capital (HC) investments relative to rivals (either below or above) harm the performance of start-ups. However, we also find that a higher investment in HC relative to rivals is less detrimental when the start-up is focused on innovation. In addition, we find that experienced founders benefit from actively orchestrating HC investments relative to rivals with a strategy focused on innovation.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Entrepreneurship., Technological innovations -- Management., Human capital., New business enterprises -- Management., Decision making. | ||||||||
Journal or Publication Title: | Strategic Entrepreneurship Journal | ||||||||
Publisher: | John Wiley & Sons Ltd. | ||||||||
ISSN: | 1932-4391 | ||||||||
Official Date: | June 2018 | ||||||||
Dates: |
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Volume: | 12 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 194-218 | ||||||||
DOI: | 10.1002/sej.1269 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 14 July 2017 | ||||||||
Date of first compliant Open Access: | 9 September 2019 |
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