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- Radical strategic change in high technology new ventures: a natural event?
- Benjamin, Eyal; Gimmon, Eli; Katzenstein, Liora
- New venture strategy strongly affects its performance and is subject to many changes following the high levels of uncertainty as well as changes in business environment. In some cases incremental changes do not generate anticipated performance, and radical change in strategy occur. These quantum leaps, a phenomenon described in botany as punctuated equilibrium, contradict common incremental Darwinian model of new venture strategy formation. Punctuated Equilibrium was recognized in organizational behavior as well. Yet its mechanisms are still unclear. Inspired by recent explorations in botany, we explore the relationships and mechanisms initiating radical strategic change in high technology new ventures.
- Publication type
- Conference paper
- Proceedings of Regional Frontiers of Entrepreneurship Research 2009: 6th International Australian Graduate School of Entrepreneurship (AGSE) Entrepreneurship Research Exchange, Adelaide, South Australia, Australia, 03-06 February 2009 / L. Murray Gillin (ed.), pp. 1189-1203
- Publication year
- FOR Code(s)
- 150304 Entrepreneurship
- Business strategy; Darwinian model; Entrepreneurship; High technology new ventures; New venture strategy; Organisational behaviour; Radical strategic change
- Australian Graduate School of Entrepreneurship, Swinburne University of Technology
- 9780980332858, 0980332850
- Publisher URL
- This paper copyright © 2009 Eyal Benjamin, Eli Gimmon and Liora Katzenstein. Proceedings copyright © 2009 Australian Graduate School of Entrepreneurship. Published version of this paper reproduced with the kind permission of the publisher.
- Full text
- Peer reviewed