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Entrepreneurial copycats: The contingent value of business model imitation for new venture performance
Type
conference paper
Date Issued
2015-10-06
Author(s)
Stam, Wouter
Abstract
This study extends research on business model innovation by examining under what conditions new ventures gain performance benefits from imitating business models that originate from other industries. Using a unique multi-source, time-lagged dataset of 105 ventures operating in the Swiss pharmaceutical, chemical, and industrial electronics industries, we found that business model imitation generally enhances subsequent new venture growth. Yet, the imitation-performance link was negative when company founders have little prior industry experience. Results also indicated that firm age reduces the positive moderating effect of experience, suggesting that founders’ prior industry experience only provides temporary performance advantages for new ventures engaging in business model imitation.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Strategy Expanding : Making Sense of Shifting Field and Firm Boundaries
Publisher
SMS Strategic Management Society
Publisher place
Chicago, IL
Start page
1
End page
5
Pages
5
Event Title
Strategic Management Societiy (SMS) 35th Annual International Conference
Event Location
Denver
Event Date
03-06.10.2015
Subject(s)
Division(s)
Eprints ID
244413