Bringing Entrepreneurial Ideas to Life
Charles E. Eesley
Stanford University - Management Science & Engineering
David H. Hsu
University of Pennsylvania - Management Department
Edward B. Roberts
Founder/Chair, Martin Trust Center for MIT Entrepreneurship
October 11, 2011
Organizational design in the context of new venture development is particularly challenging due to initially severe resource constraints. We address the question of when initial venture idea assets versus founder contracting experience are more important for venture performance. One view of new venture performance emphasizes the importance of innovative ideas. Others argue that founders with knowledge of how to structure the venture’s assets are key to performance. Using unique survey data, we advance an integrated perspective by showing that new ventures perform better when they both identify innovative ideas and assemble founders with expertise in structuring organizational arrangements to commercialize those ideas.
Number of Pages in PDF File: 41
Keywords: organizational capabilities, contracting, organizational economics, entrepreneurship, resource-based view
Date posted: October 31, 2009 ; Last revised: April 30, 2013
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