TY - JOUR
T1 - Entrepreneurial copycats
T2 - A resource orchestration perspective on the link between extra-industry business model imitation and new venture growth
AU - Frankenberger, Karolin
AU - Stam, Wouter
PY - 2020/8
Y1 - 2020/8
N2 - This study draws on resource orchestration theory to develop and test a framework that explains when the imitation of business models from other industries increases new venture growth. We propose that extra-industry business model imitation enhances growth when extra-industry business models are bundled together with novel technologies, and when founders possess the necessary industry experience to orchestrate these resource combinations effectively. Using a unique multi-source, time-lagged dataset of 122 Swiss technology ventures from four industries, we find support for our theoretical model and discuss its implications for research at the intersection of business models, competitive imitation, and resource orchestration.
AB - This study draws on resource orchestration theory to develop and test a framework that explains when the imitation of business models from other industries increases new venture growth. We propose that extra-industry business model imitation enhances growth when extra-industry business models are bundled together with novel technologies, and when founders possess the necessary industry experience to orchestrate these resource combinations effectively. Using a unique multi-source, time-lagged dataset of 122 Swiss technology ventures from four industries, we find support for our theoretical model and discuss its implications for research at the intersection of business models, competitive imitation, and resource orchestration.
KW - Business model innovation
KW - Competitive imitation
KW - New venture growth
KW - Resource orchestration theory
UR - http://www.scopus.com/inward/record.url?scp=85070746560&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85070746560&partnerID=8YFLogxK
U2 - 10.1016/j.lrp.2019.02.005
DO - 10.1016/j.lrp.2019.02.005
M3 - Article
AN - SCOPUS:85070746560
VL - 53
SP - 1
EP - 16
JO - Long Range Planning
JF - Long Range Planning
SN - 0024-6301
IS - 4
M1 - 101872
ER -
