IDEAS home Printed from https://ideas.repec.org/a/bla/popmgt/v31y2022i12p4599-4615.html
   My bibliography  Save this article

Operations for entrepreneurs: Can Operations Management make a difference in entrepreneurial theory and practice?

Author

Listed:
  • Charles H. Fine
  • Loredana Padurean
  • Sergey Naumov

Abstract

Although entrepreneurship‐related papers have had some representation in Production and Operations Management (POM) over the past 30 years, the topic still seems a bit like a poor stepchild in the research of operations management (OM) scholars. Yet, entrepreneurship is important to the economy, and many schools are growing significantly their entrepreneurship programs and offerings but often without reference to or inclusion of operations courses. This paper is motivated by the question of the operations needs of new ventures and how they might differ from the needs of large, established firms. Toward that end, we review briefly the state of entrepreneurship scholarship in POM (and beyond), present our own (field‐based) research (and cases), and propose a framework for what we call “operations for entrepreneurs,” that we hope can be a basis for further productive research and curriculum development by the OM community.

Suggested Citation

  • Charles H. Fine & Loredana Padurean & Sergey Naumov, 2022. "Operations for entrepreneurs: Can Operations Management make a difference in entrepreneurial theory and practice?," Production and Operations Management, Production and Operations Management Society, vol. 31(12), pages 4599-4615, December.
    • Handle: RePEc:bla:popmgt:v:31:y:2022:i:12:p:4599-4615
    DOI: 10.1111/poms.13851
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/poms.13851
    Download Restriction: no
    File URL: https://libkey.io/10.1111/poms.13851?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
    ---><---

    References listed on IDEAS

    as
    1. Hau L. Lee & Glen Schmidt, 2017. "Using Value Chains to Enhance Innovation," Production and Operations Management, Production and Operations Management Society, vol. 26(4), pages 617-632, April.
    2. Christina E. Shalley & Lucy L. Gilson, 2017. "Creativity and the Management of Technology: Balancing Creativity and Standardization," Production and Operations Management, Production and Operations Management Society, vol. 26(4), pages 605-616, April.
    3. Mohan V. Tatikonda & Siri A. Terjesen & Pankaj C. Patel & Vinit Parida, 2013. "The Role of Operational Capabilities in Enhancing New Venture Survival: A Longitudinal Study," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1401-1415, November.
    4. Ostgaard, Tone A. & Birley, Sue, 1996. "New venture growth and personal networks," Journal of Business Research, Elsevier, vol. 36(1), pages 37-50, May.
    5. Frédéric Delmar & Scott Shane, 2003. "Does business planning facilitate the development of new ventures?," Strategic Management Journal, Wiley Blackwell, vol. 24(12), pages 1165-1185, December.
    6. Jay B. Barney, 1986. "Strategic Factor Markets: Expectations, Luck, and Business Strategy," Management Science, INFORMS, vol. 32(10), pages 1231-1241, October.
    7. Cheryl Gaimon & Manpreet Hora & Karthik Ramachandran, 2017. "Towards Building Multidisciplinary Knowledge on Management of Technology: An Introduction to the Special Issue," Production and Operations Management, Production and Operations Management Society, vol. 26(4), pages 567-578, April.
    8. Roberts, Edward B. & Eesley, Charles E., 2011. "Entrepreneurial Impact: The Role of MIT," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 7(1–2), pages 1-149, August.
    9. Nitin Joglekar & Moren Lévesque, 2013. "The Role of Operations Management Across the Entrepreneurial Value Chain," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1321-1335, November.
    10. Anil Arya & Brian Mittendorf & Thomas Pfeiffer, 2021. "Incentive Provision in Light of Expertise and Operational Involvement of Angel Investors," Production and Operations Management, Production and Operations Management Society, vol. 30(9), pages 2890-2909, September.
    11. Cheryl Gaimon & Jennifer Bailey, 2013. "Knowledge Management for the Entrepreneurial Venture," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1429-1438, November.
    12. Gifford, Sharon, 1992. "Allocation of entrepreneurial attention," Journal of Economic Behavior & Organization, Elsevier, vol. 19(3), pages 265-284, December.
    13. Cooper, Arnold C., 1985. "The role of incubator organizations in the founding of growth-oriented firms," Journal of Business Venturing, Elsevier, vol. 1(1), pages 75-86.
    14. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    15. Chandler, Gaylen N. & Hanks, Steven H., 1998. "An examination of the substitutability of founders human and financial capital in emerging business ventures," Journal of Business Venturing, Elsevier, vol. 13(5), pages 353-369, September.
    16. Zhuoxin Li & Jason A. Duan & Sam Ransbotham, 2020. "Coordination and Dynamic Promotion Strategies in Crowdfunding with Network Externalities," Production and Operations Management, Production and Operations Management Society, vol. 29(4), pages 1032-1049, April.
    17. 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.
    18. Volodymyr Babich & Christopher S. Tang, 2016. "Franchise Contracting: The Effects of The Entrepreneur's Timing Option and Debt Financing," Production and Operations Management, Production and Operations Management Society, vol. 25(4), pages 662-683, April.
    19. Svenja C. Sommer & Christoph H. Loch & Jing Dong, 2009. "Managing Complexity and Unforeseeable Uncertainty in Startup Companies: An Empirical Study," Organization Science, INFORMS, vol. 20(1), pages 118-133, February.
    20. Lechner, Christian & Dowling, Michael & Welpe, Isabell, 2006. "Firm networks and firm development: The role of the relational mix," Journal of Business Venturing, Elsevier, vol. 21(4), pages 514-540, July.
    21. Brinckmann, Jan & Grichnik, Dietmar & Kapsa, Diana, 2010. "Should entrepreneurs plan or just storm the castle? A meta-analysis on contextual factors impacting the business planning-performance relationship in small firms," Journal of Business Venturing, Elsevier, vol. 25(1), pages 24-40, January.
    22. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
    23. Scott Shane & Toby Stuart, 2002. "Organizational Endowments and the Performance of University Start-ups," Management Science, INFORMS, vol. 48(1), pages 154-170, January.
    24. Edward G. Anderson Jr. & Geoffrey G. Parker, 2013. "Integration and Cospecialization of Emerging Complementary Technologies by Startups," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1356-1373, November.
    25. Qiang Liu & Xiaofeng Liu & Subramanian Balachander, 2021. "Crowdfunding Project Design: Optimal Product Menu and Funding Target," Production and Operations Management, Production and Operations Management Society, vol. 30(10), pages 3800-3811, October.
    26. Jeng, Leslie A. & Wells, Philippe C., 2000. "The determinants of venture capital funding: evidence across countries," Journal of Corporate Finance, Elsevier, vol. 6(3), pages 241-289, September.
    27. Charles H. Fine & Arnoldo C. Hax, 1985. "Manufacturing Strategy: A Methodology and an Illustration," Interfaces, INFORMS, vol. 15(6), pages 28-46, December.
    28. Kathleen M. Eisenhardt & Claudia Bird Schoonhoven, 1996. "Resource-based View of Strategic Alliance Formation: Strategic and Social Effects in Entrepreneurial Firms," Organization Science, INFORMS, vol. 7(2), pages 136-150, April.
    29. Manpreet Hora & Dev K. Dutta, 2013. "Entrepreneurial Firms and Downstream Alliance Partnerships: Impact of Portfolio Depth and Scope on Technology Innovation and Commercialization Success," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1389-1400, November.
    30. Duchesneau, Donald A. & Gartner, William B., 1990. "A profile of new venture success and failure in an emerging industry," Journal of Business Venturing, Elsevier, vol. 5(5), pages 297-312, September.
    31. Xiahua Wei & Ming Fan & Weijia You & Yong Tan, 2021. "An Empirical Study of the Dynamic and Differential Effects of Prefunding," Production and Operations Management, Production and Operations Management Society, vol. 30(5), pages 1331-1349, May.
    32. Gruber, Marc, 2007. "Uncovering the value of planning in new venture creation: A process and contingency perspective," Journal of Business Venturing, Elsevier, vol. 22(6), pages 782-807, November.
    33. Chandler, Gaylen N. & Hanks, Steven H., 1994. "Market attractiveness, resource-based capabilities, venture strategies, and venture performance," Journal of Business Venturing, Elsevier, vol. 9(4), pages 331-349, July.
    34. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    35. Baojun Jiang & Chang Liu, 2019. "Managerial Optimism in a Competitive Market," Production and Operations Management, Production and Operations Management Society, vol. 28(4), pages 833-846, April.
    36. Eric L. Hansen, 1995. "Entrepreneurial Networks and New Organization Growth," Entrepreneurship Theory and Practice, , vol. 19(4), pages 7-19, July.
    37. T. W. Archibald & L. C. Thomas & J. M. Betts & R. B. Johnston, 2002. "Should Start-up Companies Be Cautious? Inventory Policies Which Maximise Survival Probabilities," Management Science, INFORMS, vol. 48(9), pages 1161-1174, September.
    38. Fuqiang Zhang & Xiaole Wu & Christopher S. Tang & Tianjun Feng & Yue Dai, 2020. "Evolution of Operations Management Research: from Managing Flows to Building Capabilities," Production and Operations Management, Production and Operations Management Society, vol. 29(10), pages 2219-2229, October.
    39. Eesley, Charles E. & Miller, William F., 2018. "Impact: Stanford University’s Economic Impact via Innovation and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 14(2), pages 130-278, April.
    40. Utterback, James M & Abernathy, William J, 1975. "A dynamic model of process and product innovation," Omega, Elsevier, vol. 3(6), pages 639-656, December.
    41. Davila, Antonio & Foster, George & Gupta, Mahendra, 2003. "Venture capital financing and the growth of startup firms," Journal of Business Venturing, Elsevier, vol. 18(6), pages 689-708, November.
    42. Elco Burg & Kim E. Oorschot, 2013. "Cooperating to Commercialize Technology: A Dynamic Model of Fairness Perceptions, Experience, and Cooperation," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1336-1355, November.
    43. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and the Sustainability of Competitive Advantage: Reply," Management Science, INFORMS, vol. 35(12), pages 1514-1514, December.
    44. Dean A. Shepherd & Holger Patzelt, 2013. "Operational Entrepreneurship: How Operations Management Research Can Advance Entrepreneurship," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1416-1422, November.
    45. Stefan H. Thomke, 1998. "Managing Experimentation in the Design of New Products," Management Science, INFORMS, vol. 44(6), pages 743-762, June.
    46. Mason-Jones, Rachel & Towill, Denis R., 1999. "Total cycle time compression and the agile supply chain," International Journal of Production Economics, Elsevier, vol. 62(1-2), pages 61-73, May.
    47. Hemant K. Bhargava & Byung Cho Kim & Daewon Sun, 2013. "Commercialization of Platform Technologies: Launch Timing and Versioning Strategy," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1374-1388, November.
    48. Shane, Scott & Delmar, Frederic, 2004. "Planning for the market: business planning before marketing and the continuation of organizing efforts," Journal of Business Venturing, Elsevier, vol. 19(6), pages 767-785, November.
    49. Rafael Escamilla & Jan C. Fransoo & Christopher S. Tang, 2021. "Improving Agility, Adaptability, Alignment, Accessibility, and Affordability in Nanostore Supply Chains," Production and Operations Management, Production and Operations Management Society, vol. 30(3), pages 676-688, March.
    50. McDougall, Patricia P. & Robinson, Richard Jr. & DeNisi, Angelo S., 1992. "Modeling new venture performance: An analysis of new venture strategy, industry structure, and venture origin," Journal of Business Venturing, Elsevier, vol. 7(4), pages 267-289, July.
    51. Ingemar Dierickx & Karel Cool, 1989. "Asset Stock Accumulation and Sustainability of Competitive Advantage," Management Science, INFORMS, vol. 35(12), pages 1504-1511, December.
    52. Hellmann, Thomas & Puri, Manju, 2000. "The Interaction between Product Market and Financing Strategy: The Role of Venture Capital," Review of Financial Studies, Society for Financial Studies, vol. 13(4), pages 959-984.
    53. Jaehyung An & Soo-Haeng Cho & Christopher S. Tang, 2015. "Aggregating Smallholder Farmers in Emerging Economies," Production and Operations Management, Production and Operations Management Society, vol. 24(9), pages 1414-1429, September.
    54. Phillip Phan & Chester Chambers, 2013. "Advancing Theory in Entrepreneurship from the Lens of Operations Management," Production and Operations Management, Production and Operations Management Society, vol. 22(6), pages 1423-1428, November.
    55. Onesun Steve Yoo & Charles J. Corbett & Guillaume Roels, 2016. "Optimal Time Allocation for Process Improvement for Growth-Focused Entrepreneurs," Manufacturing & Service Operations Management, INFORMS, vol. 18(3), pages 361-375, July.
    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. Subodha Kumar & Christopher S. Tang, 2022. "Expanding the boundaries of the discipline: The 30th‐anniversary issue of Production and Operations Management," Production and Operations Management, Production and Operations Management Society, vol. 31(12), pages 4257-4261, 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. Rosenbusch, Nina & Brinckmann, Jan & Bausch, Andreas, 2011. "Is innovation always beneficial? A meta-analysis of the relationship between innovation and performance in SMEs," Journal of Business Venturing, Elsevier, vol. 26(4), pages 441-457, July.
    2. Hao-Chen Huang, 2016. "Entrepreneurial resources and speed of entrepreneurial success in an emerging market: the moderating effect of entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 12(1), pages 1-26, March.
    3. Izaias Martins, 2016. "Network Usage, Entrepreneurial Orientation and Their Effectiveness on SMEs Growth," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 25(1), pages 18-41, March.
    4. Erik Lundmark & Anna Krzeminska & Dean A. Shepherd, 2019. "Images of Entrepreneurship: Exploring Root Metaphors and Expanding Upon Them," Entrepreneurship Theory and Practice, , vol. 43(1), pages 138-170, January.
    5. Wang, Chun-Ju & Wu, Lei-Yu, 2012. "Team member commitments and start-up competitiveness," Journal of Business Research, Elsevier, vol. 65(5), pages 708-715.
    6. Susan Müller & Alyssa Lara Kirst & Heiko Bergmann & Barbara Bird, 2023. "Entrepreneurs’ actions and venture success: a structured literature review and suggestions for future research," Small Business Economics, Springer, vol. 60(1), pages 199-226, January.
    7. Jensen, Peter D. Ørberg, 2012. "A passage to India: A dual case study of activities, processes and resources in offshore outsourcing of advanced services," Journal of World Business, Elsevier, vol. 47(2), pages 311-326.
    8. Baraldi, Enrico & Gressetvold, Espen & Harrison, Debbie, 2012. "Resource interaction in inter-organizational networks: Foundations, comparison, and a research agenda," Journal of Business Research, Elsevier, vol. 65(2), pages 266-276.
    9. James J. Chrisman & Alan Bauerschmidt & Charles W. Hofer, 1998. "The Determinants of New Venture Performance: An Extended Model," Entrepreneurship Theory and Practice, , vol. 23(1), pages 5-29, October.
    10. Carlos Fong Reynoso & Moises Alejandro Alarcon Osuna, 2010. "Technology Based Firms Performance: Procurement Of Strategic Resources In Critical Junctures, Funcionamiento De Empresas De Base Tecnologica: Obtencion De Recursos Estrategicos En Las Junturas Critica," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 3(3), pages 39-54.
    11. Symeonidou, Noni & Leiponen, Aija & Autio, Erkko & Bruneel, Johan, 2022. "The origins of capabilities: Resource allocation strategies, capability development, and the performance of new firms," Journal of Business Venturing, Elsevier, vol. 37(4).
    12. Branzei, Oana & Vertinsky, Ilan, 2006. "Strategic pathways to product innovation capabilities in SMEs," Journal of Business Venturing, Elsevier, vol. 21(1), pages 75-105, January.
    13. Nason, Robert S. & Wiklund, Johan & McKelvie, Alexander & Hitt, Michael & Yu, Wei, 2019. "Orchestrating boundaries: The effect of R&D boundary permeability on new venture growth," Journal of Business Venturing, Elsevier, vol. 34(1), pages 63-79.
    14. Katrin M. Smolka & Ingrid Verheul & Katrin Burmeister–Lamp & Pursey P.M.A.R. Heugens, 2018. "Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance," Entrepreneurship Theory and Practice, , vol. 42(4), pages 571-604, July.
    15. Donna J. Kelley & Mark P. Rice, 2001. "Technology-Based Strategic Actions in New Firms: The Influence of Founding Technology Resources," Entrepreneurship Theory and Practice, , vol. 26(1), pages 55-71, October.
    16. Dubey, Rameshwar & Gunasekaran, Angappa & Childe, Stephen J. & Bryde, David J. & Giannakis, Mihalis & Foropon, Cyril & Roubaud, David & Hazen, Benjamin T., 2020. "Big data analytics and artificial intelligence pathway to operational performance under the effects of entrepreneurial orientation and environmental dynamism: A study of manufacturing organisations," International Journal of Production Economics, Elsevier, vol. 226(C).
    17. Kai-Ping Huang & Karen Wang, 2013. "The moderating effect of social capital and environmental dynamism on the link between entrepreneurial orientation and resource acquisition," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(3), pages 1617-1628, April.
    18. Kelley A. Packalen, 2007. "Complementing Capital: The Role of Status, Demographic Features, and Social Capital in Founding Teams’ Abilities to Obtain Resources," Entrepreneurship Theory and Practice, , vol. 31(6), pages 873-891, November.
    19. 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.
    20. Lei–Yu Wu & Chun–Ju Wang & Cheng–Ping Chen & Lee–Yun Pan, 2008. "Internal Resources, External Network, and Competitiveness during the Growth Stage: A Study of Taiwanese High–Tech Ventures1," Entrepreneurship Theory and Practice, , vol. 32(3), pages 529-549, May.

    More about this item

    Statistics

    Access and download statistics

    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:bla:popmgt:v:31:y:2022:i:12:p:4599-4615. 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: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1937-5956 .

    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.