IDEAS home Printed from https://ideas.repec.org/a/wsi/ijitmx/v16y2019i02ns0219877019500147.html
   My bibliography  Save this article

The New Manufacturing: In Search of the Origins of the Next Generation Manufacturing Start-Ups

Author

Listed:
  • Xavier Ferrás-Hernández

    (University of Vic – Central University of Catalonia, C/Sagrada Familia 7, 08500, Vic, Barcelona, Spain)

  • Albert Armisen-Morell

    (University of Vic – Central University of Catalonia, C/Sagrada Familia 7, 08500, Vic, Barcelona, Spain)

  • Anna Sabata-Alberich

    (University of Vic – Central University of Catalonia, C/Sagrada Familia 7, 08500, Vic, Barcelona, Spain)

  • Elisenda Tarrats-Pons

    (University of Vic – Central University of Catalonia, C/Sagrada Familia 7, 08500, Vic, Barcelona, Spain)

  • Núria Arimany-Serrat

    (University of Vic – Central University of Catalonia, C/Sagrada Familia 7, 08500, Vic, Barcelona, Spain)

Abstract

Manufacturing is undergoing a deep model change due to the convergence of several forces: (a) the simultaneous emergence of new disruptive technologies, (b) the accelerated substitution of men by machines, (c) the restructuring of global competition, with the consolidation of some global manufacturing clusters, and (d) a new market dynamic dominated by a growing consumer power. Much has been said about how industries adapt to these forces (a widely known example is the so-called “industry 4.0” paradigm). Scholarly literature states that, in moments of accelerated technological change and industry effervescence, new technology-based firms play a critical role in reshaping the markets and reconfiguring competition. Yet, little has been said in the literature about the features of new manufacturing start-ups. Our aim is to explore the origins of the new technological firms that are emerging in the manufacturing industry. To do so, we have created a database of 184 manufacturing start-ups, incepted since 2013, and which have attracted some US$ 2.4 billion in total funding; of these firms, we have analyzed a set of 291 founders’ profiles, looking for their backgrounds and previous experiences. Our findings suggest that promising new manufacturing technology-based firms are created mainly by teams formed by experienced managers and experts with solid scientific or technological backgrounds.

Suggested Citation

  • Xavier Ferrás-Hernández & Albert Armisen-Morell & Anna Sabata-Alberich & Elisenda Tarrats-Pons & Núria Arimany-Serrat, 2019. "The New Manufacturing: In Search of the Origins of the Next Generation Manufacturing Start-Ups," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 1-18, April.
    • Handle: RePEc:wsi:ijitmx:v:16:y:2019:i:02:n:s0219877019500147
    DOI: 10.1142/S0219877019500147
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0219877019500147
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0219877019500147?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Christensen, Clayton M. & Rosenbloom, Richard S., 1995. "Explaining the attacker's advantage: Technological paradigms, organizational dynamics, and the value network," Research Policy, Elsevier, vol. 24(2), pages 233-257, March.
    2. Judith B. Kamm & Jeffrey C. Shuman & John A. Seeger & Aaron J. Nurick, 1990. "Entrepreneurial Teams in New Venture Creation: A Research Agenda," Entrepreneurship Theory and Practice, , vol. 14(4), pages 7-17, July.
    3. Iris Vanaelst & Bart Clarysse & Mike Wright & Andy Lockett & Nathalie Moray & Rosette S'Jegers, 2006. "Entrepreneurial Team Development in Academic Spinouts: An Examination of Team Heterogeneity," Entrepreneurship Theory and Practice, , vol. 30(2), pages 249-271, March.
    4. David Bailey & Lisa De Propris, 2014. "Editor's choice Manufacturing reshoring and its limits: the UK automotive case," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 7(3), pages 379-395.
    5. Fernando Muñoz-Bullon & Maria J. Sanchez-Bueno & Antonio Vos-Saz, 2015. "Startup team contributions and new firm creation: the role of founding team experience," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(1-2), pages 80-105, January.
    6. Frédéric Delmar & Scott Shane, 2006. "Does Experience Matter? : The Effect of Founding Team Experience on the Survival and Sales of Newly Founded Ventures," Post-Print hal-02311638, HAL.
    7. Cooper, Arnold C. & Woo, Carolyn Y. & Dunkelberg, William C., 1989. "Entrepreneurship and the initial size of firms," Journal of Business Venturing, Elsevier, vol. 4(5), pages 317-332, September.
    8. John E. Elliott, 1980. "Marx and Schumpeter on Capitalism's Creative Destruction: A Comparative Restatement," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(1), pages 45-68.
    9. Mary Tripsas, 1997. "Unraveling The Process Of Creative Destruction: Complementary Assets And Incumbent Survival In The Typesetter Industry," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 119-142, July.
    10. Finbarr Livesey, 2012. "The Need for a New Understanding of Manufacturing and Industrial Policy in Leading Economies," Innovations: Technology, Governance, Globalization, MIT Press, vol. 7(3), pages 193-202, July.
    11. William J. Baumol, 2002. "Entrepreneurship, Innovation and Growth: The David-Goliath Symbiosis," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 7(2), pages 1-10, Summer.
    12. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    13. Ferràs-Hernández, Xavier & Tarrats-Pons, Elisenda & Arimany-Serrat, Núria, 2017. "Disruption in the automotive industry: A Cambrian moment," Business Horizons, Elsevier, vol. 60(6), pages 855-863.
    14. Chun, Hyunbae & Kim, Jung-Wook & Morck, Randall & Yeung, Bernard, 2008. "Creative destruction and firm-specific performance heterogeneity," Journal of Financial Economics, Elsevier, vol. 89(1), pages 109-135, July.
    15. Abernathy, William J. & Clark, Kim B., 1985. "Innovation: Mapping the winds of creative destruction," Research Policy, Elsevier, vol. 14(1), pages 3-22, February.
    16. Baumers, Martin & Dickens, Phill & Tuck, Chris & Hague, Richard, 2016. "The cost of additive manufacturing: machine productivity, economies of scale and technology-push," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 193-201.
    17. Charles E. Eesley & David H. Hsu & Edward B. Roberts, 2014. "The contingent effects of top management teams on venture performance: Aligning founding team composition with innovation strategy and commercialization environment," Strategic Management Journal, Wiley Blackwell, vol. 35(12), pages 1798-1817, December.
    18. Weller, Christian & Kleer, Robin & Piller, Frank T., 2015. "Economic implications of 3D printing: Market structure models in light of additive manufacturing revisited," International Journal of Production Economics, Elsevier, vol. 164(C), pages 43-56.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alexander Frey & Manuel Trenz & Daniel Veit, 2019. "A service-dominant logic perspective on the roles of technology in service innovation: uncovering four archetypes in the sharing economy," Journal of Business Economics, Springer, vol. 89(8), pages 1149-1189, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ansari, Shahzad (Shaz) & Krop, Pieter, 2012. "Incumbent performance in the face of a radical innovation: Towards a framework for incumbent challenger dynamics," Research Policy, Elsevier, vol. 41(8), pages 1357-1374.
    2. Zabara, Tatiana, 2019. "Evolution of entrepreneurial teams in technology-based new ventures," Other publications TiSEM cc09d065-3811-47b6-9c93-8, Tilburg University, School of Economics and Management.
    3. Andrew A. King & Christopher L. Tucci, 2002. "Incumbent Entry into New Market Niches: The Role of Experience and Managerial Choice in the Creation of Dynamic Capabilities," Management Science, INFORMS, vol. 48(2), pages 171-186, February.
    4. Kumar, Mukesh & Tsolakis, Naoum & Agarwal, Anshul & Srai, Jagjit Singh, 2020. "Developing distributed manufacturing strategies from the perspective of a product-process matrix," International Journal of Production Economics, Elsevier, vol. 219(C), pages 1-17.
    5. Mary Tripsas, 2008. "Customer preference discontinuities: a trigger for radical technological change," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(2-3), pages 79-97.
    6. Angel Sevil & Alfonso Cruz & Tomas Reyes & Roberto Vassolo, 2022. "When Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries," Sustainability, MDPI, vol. 14(23), pages 1-20, December.
    7. Giovanni. Gavetti & Daniel A. Levinthal, 2004. "50th Anniversay Article: The Strategy Field from the Perspective of Management Science: Divergent Strands and Possible Integration," Management Science, INFORMS, vol. 50(10), pages 1309-1318, October.
    8. Hubert Gatignon & Michael L. Tushman & Wendy Smith & Philip Anderson, 2002. "A Structural Approach to Assessing Innovation: Construct Development of Innovation Locus, Type, and Characteristics," Management Science, INFORMS, vol. 48(9), pages 1103-1122, September.
    9. Vikas A. Aggarwal & Brian Wu, 2015. "Organizational Constraints to Adaptation: Intrafirm Asymmetry in the Locus of Coordination," Organization Science, INFORMS, vol. 26(1), pages 218-238, February.
    10. Di Stefano, Giada & Gambardella, Alfonso & Verona, Gianmario, 2012. "Technology push and demand pull perspectives in innovation studies: Current findings and future research directions," Research Policy, Elsevier, vol. 41(8), pages 1283-1295.
    11. Rosendahl Huber, Laura & Sloof, Randolph & Van Praag, Mirjam & Parker, Simon C., 2020. "Diverse cognitive skills and team performance: A field experiment based on an entrepreneurship education program," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 569-588.
    12. Naghshineh, Bardia & Carvalho, Helena, 2022. "The implications of additive manufacturing technology adoption for supply chain resilience: A systematic search and review," International Journal of Production Economics, Elsevier, vol. 247(C).
    13. Ron Adner & Rahul Kapoor, 2016. "Innovation ecosystems and the pace of substitution: Re-examining technology S-curves," Strategic Management Journal, Wiley Blackwell, vol. 37(4), pages 625-648, April.
    14. Frank T. Rothaermel & Charles W. L. Hill, 2005. "Technological Discontinuities and Complementary Assets: A Longitudinal Study of Industry and Firm Performance," Organization Science, INFORMS, vol. 16(1), pages 52-70, February.
    15. Belderbos, Rene & Gilsing, Victor & Lokshin, Boris, 2009. "Persistence of and interrelation between horizontal and vertical technology alliances," MERIT Working Papers 2009-065, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Sminia, Harry & Ates, Aylin & Paton, Steve & Smith, Marisa, 2019. "High value manufacturing: Capability, appropriation, and governance," European Management Journal, Elsevier, vol. 37(4), pages 516-528.
    17. Bullini Orlandi, Ludovico & Zardini, Alessandro & Rossignoli, Cecilia, 2020. "Organizational technological opportunism and social media: The deployment of social media analytics to sense and respond to technological discontinuities," Journal of Business Research, Elsevier, vol. 112(C), pages 385-395.
    18. Daniel Ratzinger & Kevin Amess & Andrew Greenman & Simon Mosey, 2018. "The impact of digital start-up founders’ higher education on reaching equity investment milestones," The Journal of Technology Transfer, Springer, vol. 43(3), pages 760-778, June.
    19. Cécile Fonrouge & Cécile Ayerbe, 2005. "Les transitions entre innovations : études de cas et proposition d'une grille d'interprétation," Post-Print halshs-00696111, HAL.
    20. Mary J. Benner, 2010. "Securities Analysts and Incumbent Response to Radical Technological Change: Evidence from Digital Photography and Internet Telephony," Organization Science, INFORMS, vol. 21(1), pages 42-62, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:ijitmx:v:16:y:2019:i:02:n:s0219877019500147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijitm/ijitm.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.