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Matching imitative activity of high-tech firms with entrepreneurial orientation

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  • Najda-Janoszka, Marta
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    Abstract

    As pointed by numerous scholars high technology sectors are very apt for studying entrepreneurial activities due to their high levels of innovativeness. However, taking into account the highly dynamic and substantially hostile environment in those sectors innovation may often not be the best strategic choice for market entry. In high-tech industries the boundaries between the innovation and imitation are often blurred. Hence, following the pioneer does not eliminate risk of market entry and is not necessarily equal to lack of capabilities, weak market position or inability to recognize market opportunities. In fact the business practice confirms the extensive utilization of imitation strategy by technology entrepreneurs. Meanwhile, the literature on entrepreneurship focuses almost exclusively on original innovators underestimating the importance of imitation in the growth process and indicating shortage of research on imitative activities of entrepreneurs. Therefore this article presents discussion on the applicability of entrepreneurial orientation to imitators from the high-tech industries.

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    File URL: http://mpra.ub.uni-muenchen.de/43922/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43922.

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    Date of creation: 17 Nov 2012
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    Publication status: Published in Journal of Entrepreneurship, Management and Innovation 1.8(2012): pp. 52-67
    Handle: RePEc:pra:mprapa:43922

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    Related research

    Keywords: imitation; innovation; market-entry strategy; high-technology firms; entrepreneurial orientation;

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    References

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    1. Mansfield, Edwin, 1985. "How Rapidly Does New Industrial Technology Leak Out?," Journal of Industrial Economics, Wiley Blackwell, vol. 34(2), pages 217-23, December.
    2. Schmitz, James A, Jr, 1989. "Imitation, Entrepreneurship, and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 721-39, June.
    3. Elena Cefis & Orietta Marsili, 2011. "Born to flip. Exit decisions of entrepreneurial firms in high-tech and low-tech industries," Journal of Evolutionary Economics, Springer, vol. 21(3), pages 473-498, August.
    4. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    5. Simon, Mark & Houghton, Susan M. & Aquino, Karl, 2000. "Cognitive biases, risk perception, and venture formation: How individuals decide to start companies," Journal of Business Venturing, Elsevier, vol. 15(2), pages 113-134, March.
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    Cited by:
    1. Najda-Janoszka, Marta & Kopera, Sebastian, 2013. "Exploring Barriers to Innovation in Tourism Industry – The Case of Southern Region of Poland," MPRA Paper 53980, University Library of Munich, Germany.

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