2002
DOI: 10.1177/0256090920020303
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Competitive Strategies and New Venture Performance

Abstract: This paper presents the results of a longitudinal survey of 100 owner-managed new and small ventures. The survey was designed to explore the strategic orientations of new ventures and their performance implications. Results of the analytical study based on the application of factor analysis and cluster analysis indicate the existence of multiple strategies adopted by new ventures in order to remain competitive. The multiple regression models and cluster-wise performance analysis further indicate that a venture… Show more

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Cited by 16 publications
(9 citation statements)
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“…Higher level of competitive strategy of new ventures positively affects their performance. In contrast, lack of competitive strategy leads to negative performance and can subsequently threaten the survival and success of newly established ventures (Kakati and Dhar, 2002). Bapat and Mazumdar (2015) believe that firms which follow both competitive strategies gain higher profitability and success over those firms who do not have any formal competitive strategy.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Higher level of competitive strategy of new ventures positively affects their performance. In contrast, lack of competitive strategy leads to negative performance and can subsequently threaten the survival and success of newly established ventures (Kakati and Dhar, 2002). Bapat and Mazumdar (2015) believe that firms which follow both competitive strategies gain higher profitability and success over those firms who do not have any formal competitive strategy.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…The alpha reliability coefficients for F 1 (0.936), F 2 (0.838), F 4 (0.861) and F 5 (0.788) were higher than the criterion of 0.77 obtained by Gordon and Narayanan (1984) indicating high consistency. F 3 (0.699) and F 6 (0.638) were also seen at a minimum acceptable level of 0.50 as recommended by Kakati and Dhar (2002) thereby obtaining satisfactory internal consistency (Table 1).…”
Section: Collection Of Datamentioning
confidence: 79%
“…Reliability: The alpha reliability coefficients for F 1 (0.802), F 2 (0.823), F 3 (0.829) are higher than the criteria of 0.77 obtained by Gordon and Narayanan (1984) indicating high consistency. F 4 (0.627) and F 5 (0.605) are also at a minimum acceptable level of 0.50 as recommended by Kakati and Dhar (2002) thereby obtaining satisfactory internal consistency (see Table 1).…”
Section: Reliability and Validity Of The Instrumentmentioning
confidence: 83%