Session Details: Session 1085

Small Firm Strategy

Track K

Date: Monday, October 13, 2008


Time: 15:30 – 16:45


Room: Salon 20

Session Chair:
Yang Fan, Erasmus University-Rotterdam

Title: An Integrative Model of Risk-Taking in Family Firms


  • Elizabeth Lim, Georgia State University
  • Michael Lubatkin, University of Connecticut

Abstract: Why do family firms differ by their risk-taking behaviors By integrating theoretical concepts from behavioral economics and resource-based view, we first advance a proposition that explains the variance in risk-taking behaviors of family firms based on their different ownership structures. Then drawing insights from family firm literature, we explain why three distinct forms of parental altruistic archetypes will moderate the base proposition.

Title: Antecedents of Entrepreneurial Attention and New Product Commercialization in Small Firms


  • Young Rok Choi, National University of Singapore

Abstract: Despite the importance of small and new firms in product innovation, current research still lacks a unified framework that explicates why large variation exists in innovation among those firms. We develop and empirically test an attention-based model of new product commercialization. In prior research, entrepreneurial attention has been associated with firm innovation. We investigate how entrepreneurial attention placed to the product-market domain problem affects innovative organizational activities (i.e., information search and external knowledge acquisition) and the likelihood of product commercialization in the firm. Further, we explore the antecedents of entrepreneurial attention from an organization-environment alignment approach—i.e., the intensity of entrepreneurial attention is a result of the firm’s alignment between its organizational newness and environment conditions such as dynamism and adversity.

Title: How Small Firms Win Control Rights From Big Partners in Collaborative Innovation


  • Yang Fan, Erasmus University-Rotterdam

Abstract: This paper focuses on the strategic factors that may influence small biotech’s control rights in collaborative innovation under the financial constraints. I find that instead of following a service-based platform strategy, biotech firms may improve their bargaining power, and earn greater control rights by developing their proprietary drug portfolio. They may also gain more control rights in early-stage collaborative research by increasing their research intensity and strengthening their research capabilities. In addition, long-term relationship with established partners also helps biotech firms to win more control rights, as repeated collaboration gives their partners better understandings of their contribution in alliances. However, partners that have competing products or those with strong internal R&D are not likely to award great control rights to the biotech firms.

Title: The Reasons of Older Entrepreneurs for Starting Businesses: Development Patterns Leading to Multiple Rewards


  • Gerry Kerr, University of Windsor

Abstract: Compared with the general population, higher levels of expertise and experience were expected to influence the start-up rationales of older entrepreneurs, the overall rewards passing to them, and the performance of their organizations. Factor and regression analyses were utilized, respectively, to identify start-up patterns and to connect these patterns to organizational performance and entrepreneurial rewards. Two key findings emerged. First, the reasons for starting new businesses expressed by older entrepreneurs stressed integrating their interests and those of key social players while realizing opportunities in the marketplace. Second, respondents able to find the impetus to launch ventures that simultaneously answer the needs of markets, key social groups and themselves will be rewarded with both psychic and economic returns.

All Sessions in Track K...

Sun: 10:00 – 11:30
Session 1507: Strategic Entrepreneurship Journal and its Relation to Entrepreneurship and Strategy
Sun: 13:00 – 14:30
Session 1607: University Entrepreneurship
Mon: 11:15 – 12:30
Session 1080: Ready, Set, GO! Launch Strategy and Performance
Session 1082: Corporate Venture Capital
Mon: 15:30 – 16:45
Session 1085: Small Firm Strategy
Mon: 17:00 – 18:15
Session 1079: Entrepreneurship in Context: International and Institutional Influences
Tue: 11:15 – 12:30
Session 1078: Entrepreneurial Orientation
Session 1083: IPOs: Causes and Consequences
Tue: 14:30 – 15:45
Session 1094: Learning and Performace in New Ventures
Wed: 10:00 – 11:15
Session 1087: Networks and New Ventures
Session 1097: Raising Capital - Risky Business!
Wed: 11:30 – 12:45
Session 1081: Venture Capital Investment: Worth the price?
Session 1099: Entrepreneurship Theory: Emerging Views

Strategic Management Society

Cologne Conference