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Schumpeterian versus Kirznerian Entrepreneurship: a comparison of academic and non-academic new venturing
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.
2009 (English)In: Journal of Small Business and Enterprise Development, ISSN 1462-6004, E-ISSN 1758-7840, Vol. 16, no 3, p. 504-520Article in journal (Refereed) Published
Abstract [en]

Purpose - Identifying how different modes of resource configuration, entry strategy and product/market characteristics affect new ventures' start-up processes as well as outcomes in terms of firm growth and revenues. Design/methodology/approach - Case studies of three academic spin-offs and three non-academic new ventures is employed as a base for analytical generalisation. Findings - Non-academic ventures and academic spin-offs have different bases for their venture creation and follow different strategies to enter their specific markets. Academic spin-offs are to a larger extent innovative, product-oriented and enter their target markets employing a technology/science-push strategy which requires considerable resources and partner cooperation to manage. The non-academic ventures, on the contrary, exploit emerging opportunities on the market through a market-pull strategy relying mainly on offerings already known to the market and building on their own, in-house resources.Research limitations - Future research should benefit from investigating factors and conditions affecting different ventures' start-up process by utilizing qualitative, in-depth approaches as well as quantitative approaches and a more robust database. Practical implications - Venture creation processes are not uniform but dependent on situational and contextual factors. Overall, academic spin-offs come forward as examples of Schumpeterian entrepreneurship characterised by exploration and innovation, while the more ‘Kirznerian' and non-academic start-ups primarily recognise and exploit upcoming market opportunities based on resources they control. The results highlight challenges for nascent entrepreneurs as well as for policy makers supporting new venture creation.Originality/value - A comparison highlighting critical events, resource configurations and environmental conditions of different start-up processes depending on the new ventures' origin.

Place, publisher, year, edition, pages
2009. Vol. 16, no 3, p. 504-520
National Category
Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-3763DOI: 10.1108/14626000910977198Scopus ID: 2-s2.0-70349649478Local ID: 197ebdd0-2701-11dd-8187-000ea68e967bOAI: oai:DiVA.org:ltu-3763DiVA, id: diva2:976624
Note
Validerad; 2009; 20080521 (sari_r)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Roininen, SariYlinenpää, Håkan

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