The paradox of new venture legitimation within an entrepreneurial ecosystem

被引:118
作者
Kuratko, Donald F. [1 ]
Fisher, Greg [1 ]
Bloodgood, James M. [2 ]
Hornsby, Jeffrey S. [3 ]
机构
[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA
[2] Kansas State Univ, Coll Business Adm, Manhattan, KS 66506 USA
[3] Univ Missouri, Bloch Sch Management, Kansas City, MO 64110 USA
关键词
Entrepreneurial ecosystem; New ventures; Newness; Legitimacy; Innovation; RESOURCE ACQUISITION; INNOVATION; NETWORKS; GROWTH; TECHNOLOGY; DETERMINANTS; MANAGEMENT; DYNAMICS; INDUSTRY; TIES;
D O I
10.1007/s11187-017-9870-x
中图分类号
F [经济];
学科分类号
02 ;
摘要
The current rise in research on entrepreneurial ecosystems notes that many questions are still unanswered. We, therefore, theorize about a unique paradox for entrepreneurs trying to establish legitimacy for their new ventures within and beyond an entrepreneurial ecosystem; that is, when pursuing opportunities with high levels of technological or market newness, entrepreneurs confront a significant challenge in legitimizing their venture within an entrepreneurial ecosystem, while those entrepreneurs pursuing ventures using existing technologies or pursuing existing markets have a much easier path to garnering legitimacy within that ecosystem. However, the diffusion of that legitimacy beyond the ecosystem will be wider and more far-reaching for those pursuing the newer elements compared to those using existing technologies or pursuing existing markets, thus, creating a paradox of venture legitimation. Prior research outlines approaches for new venture legitimacy but it is unclear when these approaches should be applied within and beyond an entrepreneurial ecosystem. To address this paradox, we integrate ideas from the entrepreneurship and innovation literature with insights from the legitimacy literature to describe how different types of venture newness employ different legitimation strategies which results in different levels of legitimacy diffusion beyond an ecosystem. We conclude with a discussion of our concepts and offer suggestions for future research efforts.
引用
收藏
页码:119 / 140
页数:22
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