Stimulating Dynamic Value: Social Capital and Business Incubation as a Pathway to Competitive Success

Hughes, Mathew; Ireland, R. Duane; Morgan, Robert E.

doi:10.1016/j.lrp.2007.03.008

Cited by 193 publications

(161 citation statements)

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“…The level of trust and relational dependence between firms in a particular linkage are qualitative indicators of the relational dimension. One firm's reliance on another creates trust, and the extent to which a firm actively participates in relationships shapes trust further, which then influences the outcomes a firm can obtain (Hughes et al, 2007). Trust reduces the risk of opportunistic behavior and brings firms closer together to collaborate more richly (Ink pen & Tsang, 2005).…”

Section: Social Capitalmentioning

confidence: 99%

Shaping and re-shaping social capital in buyer–supplier relationships

Hughes

Perrons

2011

Journal of Business Research

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). P a g e | 2 ABSTRACTSocial capital plays an important role in explaining how value is created from firms' network relationships, but little is understood about how social capital is shaped over time and how it is re-shaped when firms consolidate their network ties. In response, this study explores the evolution of social capital in buyer-supplier relationships through a case study of a company undertaking radical product innovation, and examines the corresponding changes in the firm's network of buyer-supplier relationships. The analysis shows that social capital is built in a decidedly non-linear and non-uniform manner. The study also reveals considerable interaction among the dimensions of social capital throughout the evolution of the firm's network, and emphasizes the importance of the cognitive dimension-a feature receiving little attention thus far. The evidence shows, too, that efforts to strengthen social capital need to increase when network ties are sacrificed to prevent unintended consequences for firms' longer-term value creation.

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Section: Social Capitalmentioning

confidence: 99%

Shaping and re-shaping social capital in buyer–supplier relationships

Hughes

Perrons

2011

Journal of Business Research

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“…Educational initiatives are aimed at improving the quality of the crucial resource -human capital, to compensate for students' lack of experience as early-stage entrepreneurs [Zhao et al, 2005]. University-based business incubators and accelerators, whose residents receive the opportunity to quickly turn their ideas into actual start-ups, find investors, and seek out expert support, also play an important role in transforming entrepreneurial aspirations into action [Hughes et al, 2007]. The university may turn into a source of social capital for young entrepreneurs, through mentoring programs, seminars and training events with the participation of experienced businessmen, designed not only to provide useful knowledge and skills, but also to expand the students' network of business contacts [Nielsen, Lassen, People's Entrepreneurial Activity: Sources and Patterns 2012;Davidsson, Honig, 2003;De Clercq, Arenius, 2006;Morales-Gualdron, Roig, 2005;Sequeira et al, 2007].…”

Section: University Entrepreneurial Environmentmentioning

confidence: 99%

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2017

Foresight and STI

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“…Incubatee participation in networks may enhance learning, yet many incubatees' perceive risks in interactions with other entrepreneurs (Bergh et al, 2011), risks that incubators are able to reduce. Greater network interactions will lead to formation of improved incubatee social capital, creating substantial value and improving incubatee performance (Hughes, Ireland, & Morgan, 2007).…”

Section: Resource Networkmentioning

confidence: 99%

“…Providing value through a resource network requires two key processes: the gathering and aggregating of resources (resource-seeking behaviour) and the promotion of a strategic network (knowledge-seeking behaviour) (Hughes et al, 2007). Value-creation depends on This is an electronic version of an article published as: .…”

Section: Resource Networkmentioning

confidence: 99%

“…New organisational forms are emerging that assist incubators to succeed in the development and provision of new services (Buche & Scillitoe, 2007). The incubator can assemble and integrate knowledge and resources from networks and combine these with coaching for incubatees (Hughes et al, 2007;Peters, Rice, & Sundararajan, 2004). Training can improve incubatee entrepreneurial orientation and should focus on dimensions that are weakest in that country to maximise the opportunities for success in venture creation (Lee, Lim, & Pathak, 2011).…”

Section: Resource Networkmentioning

confidence: 99%

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Improving business incubator service performance in China: the role of networking resources and capabilities

Lin

Wood

2012

The Service Industries Journal

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This research analyses the relationships between resources and capabilities in IntroductionThe resource-based view of business (RBV) has been widely adopted over the past few decades to explain competitiveness and heterogeneity in the field of management (Foss & Ishikawa, 2007). The use of this perspective has largely been confined to firms operating in non-service industries, with an early influential application of RBV to services by Bharadwaj, Varadarajan, and Fahy (1993) to understand competitive advantage in service industries. The application of the RBV specifically to services, with intangible outputs and high customer involvement, has been limited and we seek to make a contribution in this area. Under consideration in the present research is the 'business incubator' which provides a service the fledgling firms by providing assistance and support to accelerate client growth (Sung, Gibson, & Kang, 2003). Success requires careful application of the possessed resources, the expansion of capabilities, and interactions within the incubator and also in the wider business network. There is a paucity of research on the use and role of resources and capabilities in incubators and how the possessed resources and capabilities impact on the service performance. Entrepreneurism is increasingly important in China, generating greater interest inThis is an electronic version of an article published as: Lin, D., . Improving business incubator service performance in China: The role of networking resources and capabilities. The Service Industries Journal, 32(13), 2091-2114. doi:10.1080/02642069.2011.582498. The article is available online at: http://www.tandfonline.com/doi/full/10. 1080/02642069.2011.582498 incubator services . As government policy is frequently used as a tool to direct developments (Chen, 2006) it is necessary to understand whether benefits from government policies playing an important role in the success of incubators. The key research question explored is: Which resources and capabilities do Chinese incubators find most useful in improving their service success? The answer will allow incubator directors to invest their energy developing requisite resources and capabilities to improve their success.The paper commences with an introduction and background for the study provided by a literature review, culminating in development of hypotheses. A short case is presented.Structural equation modelling (SEM) is used to analyse survey data and validate hypotheses.Conclusions are provided and limitations of the study are discussed before outlining areas for future research. Literature reviewRBV is presently the dominant theory that explains interfirm performance differences (Hoopes, Madsen, & Walker, 2003). Resources of a firm "include all assets, capabilities, organizational processes, firm attributes, information, knowledge, etc. controlled by a firm that enable the firm to conceive of and implement strategies" (Barney, 1991, p. 101).Organisations are repositories of capabilities, knowledge, and resources;...

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Stimulating Dynamic Value: Social Capital and Business Incubation as a Pathway to Competitive Success

Cited by 193 publications

References 60 publications

Shaping and re-shaping social capital in buyer–supplier relationships

Shaping and re-shaping social capital in buyer–supplier relationships

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Improving business incubator service performance in China: the role of networking resources and capabilities

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