Matching imitative activity of high-tech firms with entrepreneurial orientation
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.
|Date of creation:||17 Nov 2012|
|Date of revision:|
|Publication status:||Published in Journal of Entrepreneurship, Management and Innovation 1.8(2012): pp. 52-67|
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- 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.
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- Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
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