Información del artículo
ABSTRACT
New Technology Based Firms (NTBF) operate in high-velocity environments that make considerable demands about the speed of strategic choices. This study draws upon strategic decision-making and organization theories to propose that strategic decision making speed mediates the relation between personal, organizational and environmental factors and performance. Hypotheses were theoretically developed and tested with data from an empirical investigation of Mexican NTBF. Measures of personal characteristics, organization structure, business environment, strategic decision speed and performance were collected from 103 Technology Founder Managers at the end of 2012. The results confirmed that strategic decision making speed influences the performance of NTBF and mediates the relation of uncertainty, CEO model, dynamism and hostility with firm performance.
Keywords:
Entrepreneurship
Strategy
Technological Innovation
New Technology Based Firms
El Texto completo está disponible en PDF
REFERENCES
[Armstrong and Overton, 1977]
J.S. Armstrong, T.S. Overton.
Estimating nonresponse bias in mail surveys.
Journal of Marketing Research, 14 (1977), pp. 396-402
[Audretsch, 2001]
D.B. Audretsch.
Research issues relating structure, competition, and performance of small technology-based firms.
Small Business Economics, 16 (2001), pp. 37-51
[Bakker et al., 2007]
R.M. Bakker, P.L. Curseu, P. Vermeulen.
Cognitive factors in entrepreneurial strategic decision making.
Cognition, Brain and Behavior, 11 (2007), pp. 195-219
[Baum and Wally, 2003]
J.R. Baum, S. Wally.
Strategic decision speed and firm performance.
Strategic Management Journal, 24 (2003), pp. 1107-1129
[Bonn and Pettigrew, 2009]
I. Bonn, A. Pettigrew.
Towards a dynamic theory of boards: An organizational life cycle approach.
Journal of Management and Organization, 15 (2009), pp. 2-16
[Bourgeois and Eisenhardt, 1988]
L.J. Bourgeois, K. Eisenhardt.
Strategic decision process in high velocity environments: four cases in the microcomputer industry.
Management Science, 34 (1988), pp. 816-835
[Bower and Christensen, 1995]
J.L. Bower, C.M. Christensen.
Disruptive technologies: Catching the wave.
Harvard Business Review, 73 (1995), pp. 43-53
[Brush and Vanderwerf, 1992]
C.G. Brush, P.A. Vanderwerf.
A comparison of methods and sources for obtaining estimates of new venture performance.
Journal of Business Venturing, 7 (1992), pp. 157-170
[Busenitz and Barney, 1997]
L.W. Busenitz, J.B. Barney.
Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making.
Journal of Business Venturing, 12 (1997), pp. 9-30
[Campbell, 1988]
D.J. Campbell.
Task complexity. A review and analysis.
Academy of Management Review, 13 (1988), pp. 40-52
[Covin and Slevin, 1989]
J.G. Covin, D.P. Slevin.
Strategic management of small firms in hostile and benign environments.
Strategic Management Journal, 10 (1989), pp. 75-87
[Covin and Covin, 1990]
J.G. Covin, T.J. Covin.
Competitive aggressiveness, environmental context, and small firm performance.
Entrepreneurship Theory and Practice, 14 (1990), pp. 35-50
[Covin et al., 1990]
J.G. Covin, D.P. Slevin, T.J. Covin.
Content and performance of growth-seeking strategies: a comparison of small firms in high- and low-technology industries.
Journal of Business Venturing, 5 (1990), pp. 391-412
[Daily et al., 2002]
C.M. Daily, P.P. McDougall, J.G. Covin, D.R. Dalton.
Governance and strategic leadership in entrepreneurial firms.
Journal of Management, 28 (2002), pp. 387-412
[Dodge et al., 1994]
H.R. Dodge, S. Fullerton, J.E. Robbins.
Stage of the organizational life-cycle and competition as mediators of problem perception for small business.
Strategic Management Journal, 15 (1994), pp. 121-134
[Edelstein, 1992]
J.Y. Edelstein.
Adjustment and decline in hostile environments, Garland, (1992),
[Eisenhardt, 1989]
K.M. Eisenhardt.
Making fast strategic decisions in high-velocity environments.
Academy of Management Journal, 32 (1989), pp. 543-576
[Eisenhardt and Zbaracki, 1992]
K.M. Eisenhardt, M.J. Zbaracki.
Strategic decision making.
Strategic Management Journal, 13 (1992), pp. 17-37
[Ensley et al., 2002]
M.D. Ensley, A.W. Pearson, A.C. Amason.
Understanding the dynamics of new venture top management teams: cohesion, conflict, and new venture performance.
Journal of Business Venturing, 17 (2002), pp. 365-386
[Ferrier, 2001]
W.J. Ferrier.
Navigating the competitive landscape: The drivers and consequences of competitive aggressiveness.
Academy of Management Journal, 44 (2001), pp. 858-877
[Forbes, 2001]
D.P. Forbes.
The performance implications of strategic decision-making: evidence from a new venture context, Academy of Management Meeting, (2001),
[Forbes, 2005]
D.P. Forbes.
The effects of strategic decision making on entrepreneurial self-efficacy.
Entrepreneurship Theory and Practice, 29 (2005), pp. 599-626
[Francis and Sandberg, 2000]
D.H. Francis, W.R. Sandberg.
Friendship within entrepreneurial teams and its association with team and venture performance.
Entrepreneurship Theory and Practice, 25 (2000), pp. 5-25
[Fredrickson, 1986]
J.W. Fredrickson.
The strategic decision process and organization structure.
Academy of Management Review, 11 (1986), pp. 280-297
[Hall, 1980]
W.K. Hall.
Survival strategies in a hostile environment.
Harvard Business Review, 58 (1980), pp. 75-85
[Hitt et al., 2011]
M.A. Hitt, D. Ireland, R.E. Hoskisson.
Strategic Management. Competitiveness and Globalization, 9th Ed, CENGAGE Learning, (2011),
[Hofstede, 2005]
G. Hofstede.
Cultures and Organizations: Software of the Mind, McGraw-Hill, (2005),
[Jones, 1993]
J.W. Jones.
High Speed Management: Time-Based Strategies form Managers and Organizations, Jossey-Bass, (1993),
[Jones et al., 2001]
G.K. Jones, A. Lanctot, H.J. Teegen.
Determinants and performance impacts of external technology acquisition.
Journal of Business Venturing, 16 (2001), pp. 255-283
[Judge and Miller, 1991]
W.Q. Judge, A. Miller.
Antecedents and outcomes of decision speed in different environmental contexts.
Academy of Management Journal, 34 (1991), pp. 449-463
[Khandwalla, 1977]
P.N. Khandwalla.
The design of organizations, Harcourt Brace Jovanovich, (1977),
[Kim and Lee, 2011]
J. Kim, C.Y. Lee.
Technological regimes and the persistence of first-mover advantages.
Industrial and Corporate Change, 20 (2011), pp. 1305-1333
[Langley, 1995]
A. Langley.
Between “paralysis by analysis” and “extinction by instinct”.
Sloan Management Review, 36 (1995), pp. 63-76
[Liao et al., 2009]
J. Liao, J.R. Kickul, H. Ma.
Organizational dynamic capability and innovation: An empirical examination of Internet firms.
Journal of Small Business Management, 47 (2009), pp. 263-286
[Lichtenthaler, 2009]
U. Lichtenthaler.
Absorptive capacity, environmental turbulence and the complementarity of organizational learning process.
Academy of Management Journal, 52 (2009), pp. 822-846
[Lumpkin and Dess, 2001]
G.T. Lumpkin, G.G. Dess.
Linking two dimension of entrepreneurial orientation to firm performance: the moderating role of environment and industry life cycle.
Journal of Business Venturing, 16 (2001), pp. 429-451
[Marvel and Lumpkin, 2007]
M.R. Marvel, G.T. Lumpkin.
Technology entrepreneur’s human capital and its effects on innovation radicalness.
Entrepreneurship Theory and Practice, 31 (2007), pp. 807-828
[McNamara et al., 2003]
G. McNamara, P.M. Vaaler, C. Devers.
Same as it ever was: The search for evidence in increasing hypercompetition.
Strategic Management Journal, 24 (2003), pp. 261-278
[Miller and Friesen, 1982]
D. Miller, P.H. Friesen.
Innovation in conservative and entrepreneurial firms. Two models of strategic momentum.
Strategic Management Journal, 3 (1982), pp. 1-25
[Miller and Friesen, 1983]
D. Miller, P.H. Friesen.
Strategy-making and environment: The third link.
Strategic Management Journal, 4 (1983), pp. 221-235
[Miller et al., 1998]
C.C. Miller, L.M. Burke, W.H. Glick.
Cognitive diversity among upper-echelon executives: implications for strategic decision processes.
Strategic Management Journal, 19 (1998), pp. 39-58
[Miles et al., 2000]
M.P. Miles, J.G. Covin, M.B. Heeley.
The relationship between environmental dynamism and small firm structure, strategy and performance.
Journal of Marketing Theory and Practice, 8 (2000), pp. 63-74
[Noorderhaven, 1995]
N.G. Noorderhaven.
Strategic Decision Making, Addison-Wesley, (1995),
[Parida et al., 2010]
V. Parida, M. Westerberg, H. Ylinenpää, S. Roininen.
Exploring the effects of network configurations on entrepreneurial orientation and firm performance: An empirical study of new ventures and small firms.
Annals of Innovation and Entrepreneurship, 1 (2010), pp. 1-13
[Porter, 1980]
M. Porter.
Competitive strategy, Free Press, (1980),
[Prahalad and Bettis, 1986]
C.K. Prahalad, R.A. Bettis.
The dominant logic: a new linkage between diversity and performance.
Strategic Management Journal, 7 (1986), pp. 485-501
[Prahalad and Krishnan, 2008]
C.K. Prahalad, M.S. Krishnan.
The new age of innovation. Driving co-created value through global networks, McGraw-Hill, (2008),
[Priem et al., 1995]
R.L. Priem, A.M.A. Rashee, A.G. Kotulic.
Rationality in strategic decision process, environmental dynamism and firm performance.
Journal of Management, 21 (1995), pp. 913-929
[Quinn and Mintzberg, 1997]
J.B. Quinn, H. Mintzberg.
The strategy process, concepts, contexts, cases, 3rd. ed, Prentice-Hall, (1997),
[Sapienza and Grimm, 1997]
H.J. Sapienza, C.M. Grimm.
Founder characteristics, start-up process, and strategy/structure variable as predictors of shortline railroad performance.
Entrepreneurship Theory and Practice, 22 (1997), pp. 5-24
[Schwenk, 1995]
C.R. Schwenk.
Strategic decision making.
Journal of Management, 21 (1995), pp. 471-493
[Scott, 1992]
W.R. Scott.
Organization: Rational, natural, and open systems, 3rd Ed, Prentice-Hall, (1992),
[Shane and Venkaraman, 2000]
S. Shane, S. Venkaraman.
The promise of entrepreneurship as a field of research.
Academy of Management Review, 25 (2000), pp. 217-226
[Simmons et al., 1999]
T.L. Simmons, L.H. Pelled, K.A. Smith.
Making use of difference: diversity, debate, and decision comprehensiveness in top management teams.
Academy of Management Journal, 42 (1999), pp. 662-673
[Slevin and Covin, 1997]
D.P. Slevin, J.G. Covin.
Strategy formation patterns, performance, and the significance of context.
Journal of Management, 23 (1997), pp. 189-209
[Storey and Tether, 1998]
D.J. Storey, B.S. Tether.
New technology-based firms in the European Union: An introduction.
Research Policy, 26 (1998), pp. 933-947
[Suteliffe and McNamara, 2001]
K.M. Suteliffe, G. McNamara.
Controlling decision-making practice in organizations.
Harvard Business Review, 63 (2001), pp. 85-94
[Talaulicar et al., 2005]
T. Talaulicar, J. Grundei, A.V. Werder.
Strategic decision making in start-ups: the effect of top management team organization and processes on speed and comprehensiveness.
Journal of Business Venturing, 20 (2005), pp. 519-541
[Tan, 2001]
J. Tan.
Innovation and risk-taking in a transitional economy: A comparative study of Chinese managers and entrepreneurs.
Journal of Business Venturing, 16 (2001), pp. 359-376
[Vroom and Yetton, 1973]
V.H. Vroom, P.W. Yetton.
Leadership and decision-making, University of Pittsburgh Press, (1973),
[Wally and Baum, 1994]
S. Wally, J.R. Baum.
Personal and structural determinants of the pace of strategic decision making.
Academy of Management Journal, 3 (1994), pp. 932-956
[Walter et al., 2006]
A. Walter, M. Auer, T. Ritter.
The impact of network capabilities and entrepreneurial orientation on university spin-off performance.
Journal of Business Venturing, 21 (2006), pp. 541-567
[Wheelen and Hunger, 2004]
T.L. Wheelen, J.D. Hunger.
Strategic Management and Business Policy, 9th ed., Pearson Education, (2004),
[Wiklund and Shepherd, 2003]
J. Wiklund, D. Shepherd.
Knowledge-based resources, entrepreneurial orientation, and the performance of small and medium-sized businesses.
Strategic Management Journal, 24 (2003), pp. 1307-1314
[Wiklund and Shepherd, 2005]
J. Wiklund, D. Shepherd.
Entrepreneurial orientation and small business performance: A configurational approach.
Journal of Business Venturing, 20 (2005), pp. 71-91
[Winch, 1995]
G.W. Winch.
Developing consensus: Reflections on a model-supported decision process.
Management Decisions, 33 (1995), pp. 22-31
[Yli-Renko et al., 2001]
H. Yli-Renko, E. Autio, H.J. Sapienza.
Social capital, knowledge acquisition, and knowledge exploitation in Young technology-based firms.
Strategic Management Journal, 22 (2001), pp. 587-613
[Zahra and Covin, 1995]
S. Zahra, J.G. Covin.
Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis.
Journal of Business Venturing, 10 (1995), pp. 43-58
[Zehir and Özsahin, 2008]
C. Zehir, M. Özsahin.
A field research on the relationship between strategic decision-making speed and innovation performance in the case of Turkish large-scale firms.
Management Decision, 46 (2008), pp. 709-724
Copyright © 2015. Published by Elsevier Ltda. on behalf of Departamento de Administração Faculdade de Economia, Administração e Contabilidade Universidade de São Paulo ¿ FEA/USP