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International Entrepreneurship and Management Journal

Erschienen in:

16.01.2016

Environmental uncertainty, prospector strategy, and new venture performance: the moderating role of network capabilities

verfasst von: Lin Song, Darline Augustine, Jing Yu Yang

Erschienen in: International Entrepreneurship and Management Journal | Ausgabe 4/2016

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Abstract

We examine the network capability of new ventures and its relationship to uncertainty management, engagement in the prospector strategy, and performance outcome in a transition economy. Using data from a survey of 302 new ventures based in China, we find that new ventures respond to a high environmental uncertainty by engaging more in prospector strategy, consequently enhancing the ventures’ performance. Moreover, we find that network capabilities significantly moderate these relationships by not only strengthening the relationship between environmental uncertainty and engagement in the prospector strategy (the E–S relationship) but also by enhancing the relationship between engagement in the prospector strategy and new venture performance (the S–P relationship). Our findings extend the environment, strategy, and performance paradigm from large firms to small new ventures, highlighting the importance of network capabilities in a new venture’s engagement in an innovative strategy and of performance outcomes in a transition economy with a generally high level of environmental uncertainty.

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Titel: Environmental uncertainty, prospector strategy, and new venture performance: the moderating role of network capabilities
verfasst von: Lin Song
Darline Augustine
Jing Yu Yang
Publikationsdatum: 16.01.2016
Verlag: Springer US
Erschienen in: International Entrepreneurship and Management Journal / Ausgabe 4/2016
Print ISSN: 1554-7191
Elektronische ISSN: 1555-1938
DOI: https://doi.org/10.1007/s11365-016-0382-y

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