Entrepreneurial copycats: A resource orchestration perspective on the link between extra-industry business model imitation and new venture growth

Karolin Frankenberger*, Wouter Stam

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

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.

Original languageEnglish
Article number101872
Pages (from-to)1-16
Number of pages16
JournalLong Range Planning
Volume53
Issue number4
Early online date23 Feb 2019
DOIs
Publication statusPublished - Aug 2020

Keywords

  • Business model innovation
  • Competitive imitation
  • New venture growth
  • Resource orchestration theory

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