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Founding Team Capabilities and New Venture Performance: The Mediating Role of Strategic Positional Advantages

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  • Y. Lisa Zhao
  • Michael Song
  • Gregory L. Storm

Abstract

This study conceptualizes founding team human capital with three multi–item scales that are related to critical functional areas in new service ventures: marketing capabilities, market–linking capabilities, and service design capabilities. We develop and empirically test a theoretical framework linking founding team capabilities to service venture performance through two strategic positional advantages: scalability and protectability. Our results provide insight into previous inconsistent findings regarding founding teams’ impact on new venture performance, offer important managerial implications, and point to future research directions.

Suggested Citation

  • Y. Lisa Zhao & Michael Song & Gregory L. Storm, 2013. "Founding Team Capabilities and New Venture Performance: The Mediating Role of Strategic Positional Advantages," Entrepreneurship Theory and Practice, , vol. 37(4), pages 789-814, July.
    • Handle: RePEc:sae:entthe:v:37:y:2013:i:4:p:789-814
    DOI: 10.1111/j.1540-6520.2012.00513.x
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    9. Jensen, Are & Clausen, Tommy H., 2017. "Origins and emergence of exploration and exploitation capabilities in new technology-based firms," Technological Forecasting and Social Change, Elsevier, vol. 120(C), pages 163-175.
    10. Huatao Peng & Chen Zhou & Yang Liu, 2020. "Entrepreneurial Experience and Performance: From the Aspect of Sustainable Growth of Enterprises," Sustainability, MDPI, vol. 12(18), pages 1-24, September.
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    14. Véronique Bessière & Marie Gomez Breysse & Karim Messeghem & Andry Ramaroson & Sylvie Sammut, 2017. "Drivers of growth: the case of French academic spin-off," Post-Print hal-01995316, HAL.
    15. Linlin Jin & Kristen Madison & Nils D. Kraiczy & Franz W. Kellermanns & T. Russell Crook & Jing Xi, 2017. "Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta–Analysis," Entrepreneurship Theory and Practice, , vol. 41(5), pages 743-771, September.
    16. Michael A. Abebe & Pingshu Li & Keshab Acharya & Joshua J. Daspit, 2020. "The founder chief executive officer: A review of current insights and directions for future research," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 406-436, November.
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