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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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    6. Vazirani, Ashish & Sarkar, Subhro & Bhattacharjee, Titas & Dwivedi, Yogesh K & Jack, Sarah, 2023. "Information signals and bias in investment decisions: A meta-analytic comparison of prediction and actual performance of new ventures," Journal of Business Research, Elsevier, vol. 155(PB).
    7. Haili Zhang & Yufan Wang & Michael Song, 2019. "Does Competitive Intensity Moderate the Relationships between Sustainable Capabilities and Sustainable Organizational Performance in New Ventures?," Sustainability, MDPI, vol. 12(1), pages 1-18, December.
    8. Jianhong Chen & Jeffrey E. Sohl & Wan-Chien Lien, 2023. "Angel Investors’ Political Ideology and Investments in Women-Owned Ventures," Journal of Business Ethics, Springer, vol. 188(2), pages 379-396, November.
    9. Zichun Yan & Kai Wang & Ze-Yu Wang & Jian Yu & Sang-Bing Tsai & Guodong Li, 2018. "Agricultural Internet Entrepreneurs’ Social Network Behaviors and Entrepreneurship Financing Performance," Sustainability, MDPI, vol. 10(8), pages 1-17, July.
    10. 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.
    11. 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.
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    14. Martin Hemmert & Adam R. Cross & Ying Cheng & Jae-Jin Kim & Masahiro Kotosaka & Franz Waldenberger & Leven J. Zheng, 2023. "Environmental uncertainty and the entrepreneurial orientation–performance relationship among East Asian new technology-based firms: an institutional perspective," Asian Business & Management, Palgrave Macmillan, vol. 22(4), pages 1683-1711, September.
    15. Rafael Robina-Ramírez & Gert Human, 2020. "How macro level foundations influence emerging micro entrepreneurial activities: The case of South Africa," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3078-3100, June.
    16. 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.
    17. 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.
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