Abstract

http://ssrn.com/abstract=1497043
 
 

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Bringing Entrepreneurial Ideas to Life


Charles E. Eesley


Stanford University

David H. Hsu


University of Pennsylvania - Management Department

Edward B. Roberts


Massachusetts Institute of Technology (MIT) - Entrepreneurship Center

October 11, 2011


Abstract:     
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

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Date posted: October 31, 2009 ; Last revised: April 30, 2013

Suggested Citation

Eesley, Charles E. and Hsu, David H. and Roberts, Edward B., Bringing Entrepreneurial Ideas to Life (October 11, 2011). Available at SSRN: http://ssrn.com/abstract=1497043 or http://dx.doi.org/10.2139/ssrn.1497043

Contact Information

Charles E. Eesley (Contact Author)
Stanford University ( email )
473 Via Ortega
Stanford, CA 94305-9025
United States
(740) 236-4653 (Phone)
HOME PAGE: http://www.stanford.edu/~cee
David H. Hsu
University of Pennsylvania - Management Department ( email )
The Wharton School
Philadelphia, PA 19104-6370
United States
215-746-0125 (Phone)
215-898-0401 (Fax)

Edward B. Roberts
Massachusetts Institute of Technology (MIT) - Entrepreneurship Center ( email )
Cambridge, MA
United States
617-253-4934 (Phone)
617-253-2660 (Fax)
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