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One size does not fit all: Strategy configurations, complex environments,and new venture performance in emerging economies

机译:一种尺寸不适合所有:战略配置,复杂的环境和新兴经济体的新风险性能

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摘要

New ventures face a variety of competitive and external challenges as they seek high performance. This requires an assortment of market and non-market growth strategies best aligned with the complex environments they face. However, rather than holistically evaluating these multiple drivers of high performance, past research has primarily focused on a narrow subset of strategies and environmental conditions. We attribute this to a mismatch between studying causally complex relationships with conventional symmetric regression methods. Instead, we advocate for an asymmetric configurational perspective that tests the causal complexity of high and not-high venture performance. We employ fuzzy-set qualitative comparative analysis (QCA) to detect different strategy configurations of entrepreneurial orientation, market orientation, and political networking amid complex environments of hostility, dysfunctional competition, and lack of institutional support for nearly 200 Chinese new ventures. Instead of a one-size-fits-all approach with an "either/or" trade-off, our main findings reveal six pathways with different configurations for high performance: either entrepreneurial or market orientation - or both - are necessary for high performance, and there are no consistent pathways for unsuccessful ventures. This offers a more complete picture of how new ventures operate and explains why individually conflicting results can be true collectively. We also demonstrate how configurational theory and methods can be employed to analyze the complexities of entrepreneurship.
机译:新的企业面临各种竞争和外部挑战,因为他们寻求高性能。这需要各种各样的市场和非市场增长策略与他们所面临的复杂环境最佳。然而,过去的研究主要集中在较窄的策略和环境条件下,而不是全能评估这些高性能的多种驱动因素。我们将这一点归因于与传统对称回归方法的因果关系关系之间的不匹配。相反,我们倡导不对称的配置视角,测试高和不高风险性能的因果复杂性。我们采用模糊定性的比较分析(QCA)来检测企业家定位,市场导向和政治网络的不同策略配置,在复杂的敌对,功能失调的竞争和近200中国新企业缺乏体制支持。而不是用“/或或”权衡的单尺寸适合的方法,我们的主要研究结果显示了六种途径,具有不同配置的高性能:要么是创业或市场导向 - 或两者 - 都是高性能所必需的,没有成功的企业没有一致的途径。这提供了一系列新的企业如何运作的图片,并解释为什么可以共同为什么单独相互冲突的结果。我们还展示了如何采用配置理论和方法来分析企业家精神的复杂性。

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