Work

When Does Lack of Resources Make New Firms Innovative?

Year: 2005

Type: article

Abstract: We extend the resource-based perspective to explain innovation in new firms that have yet to develop resources. Using data on firms' efforts to commercialize technological inventions, we tested a model of the environmental conditions under which new firms' lack of resources alternately promotes or constrains innovation. We found that new firm innovation is greater in competitive and small markets, and in environments that do not demand extensive production assets.

Source: Academy of Management Journal

DOI: 10.5465/amj.2005.18803924

Authors: Riitta Katila, Scott Shane

Institutions: Stanford University, Case Western Reserve University

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W1990750065

FWCI: 49.63

Cites: 96

Cited by: 529

Related to: 10