An entrepreneur’s external social capital, innovation capability, and fundamental resources in their startup community: An analysis of Finnish startups in the knowledge-intensive sector
Hoang, Hong Tu (2018)
Hoang, Hong Tu
Åbo Akademi
2018
Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2018060725485
https://urn.fi/URN:NBN:fi-fe2018060725485
Tiivistelmä
Providing various social and economic benefits at national and global levels, entrepreneurship becomes a prominent topic in various aspects of academic research. According to resource-based view and knowledge-based view, it regards relational knowledge immersed into interactions among a startup community’s members as a good solution for young ventures to overcome difficulties of resource limitation. Based on literature review, the author explores how knowledge is transmitted across member actors in a defined collective. The central part of the model reflects relationships of a startup’s external social capital, innovative capability and entrepreneurial resources. These relationships are confirmed by hypotheses testing by an empirical research with 68 Finnish startup participants.
According to the results, social networks can improve a firm’s innovative capability and have directly positive influences on all three types of organizational resources (namely finance, human and production). However, a firm’s capability to innovation supports only their human and financial resources but is surprisingly not related to their production resource. Lastly, the innovative capability can mediate partly only the relationships between external social capital and financial resources.
According to the research’s findings, it concludes that the problem with young ventures is not because they are small, but because they are isolated. Therefore, new ventures’ founders are advised to have proper strategies in their relationship and resource management to broadens their relational knowledge and interactive channels through their selective participation and collaboration in the community.
According to the results, social networks can improve a firm’s innovative capability and have directly positive influences on all three types of organizational resources (namely finance, human and production). However, a firm’s capability to innovation supports only their human and financial resources but is surprisingly not related to their production resource. Lastly, the innovative capability can mediate partly only the relationships between external social capital and financial resources.
According to the research’s findings, it concludes that the problem with young ventures is not because they are small, but because they are isolated. Therefore, new ventures’ founders are advised to have proper strategies in their relationship and resource management to broadens their relational knowledge and interactive channels through their selective participation and collaboration in the community.