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Linking resource mobilization approaches and venture performance in highly resource-constrained environments

Year: 2024

Type: article

Abstract: Drawing on resource orchestration and social network theories, this study examines the relationships between bricolage, optimization, and new venture performance. We argue that optimization (i.e. standard application of resources acquired from resource markets) increases performance whereas bricolage (i.e. improvisation and unconventional resource applications) causes the opposite effect. We also argue that the effect of these resource mobilization approaches is contingent upon entrepreneurs’ network diversity. Using survey data from agricultural ventures in Nigeria, we found support for our propositions. The findings also show that entrepreneurs’ social capital affects the value of resource orchestration in relationship-based economic systems. We discuss the theoretical and practical implications of these findings.

Source: Africa Journal of Management

DOI: 10.1080/23322373.2024.2375950

Authors: Abiodun Samuel Adegbile, Tahiru Azaaviele Liedong, Heinz-Theo Wagner

Institutions: Birmingham City University, University of Bath, Neu-Ulm University of Applied Sciences

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4401804315

FWCI: 3.085

Cites: 176

Cited by: 7

Related to: 10