Antecedents and consequences of new venture growth strategy: An empirical study in China

Huan Zou, Xiaoyun Chen, Pervez Ghauri

Research output: Contribution to journalArticlepeer-review

54 Citations (Scopus)

Abstract

Although current literature on new venture growth has focused on why new ventures grow, relatively less attention has been paid to how that growth is occurring. This article adopts the resource-based view to investigate the antecedents and consequences of new venture growth strategy in an emerging economy context. We identify three generic growth patterns of Chinese high-tech new ventures-organic growth, partnership growth and acquisition growth, based on 252 completed questionnaires. Consideration has been given to identify respective resources and capabilities associated with different growth strategies. Technological capabilities, strong and weak network ties, marketing capabilities and financial resources are found to have different effects on different new venture growth strategies. In addition, the growth strategies show differentiated effects on performance in terms of survival, competitive advantages and profits. Research and practical implications of new venture growth strategies and performance in China are also discussed in the paper.
Original languageEnglish
Pages (from-to)393 - 421
Number of pages29
JournalAsia Pacific Journal of Management
Volume27
Issue number3
DOIs
Publication statusPublished - 2010

Fingerprint

Dive into the research topics of 'Antecedents and consequences of new venture growth strategy: An empirical study in China'. Together they form a unique fingerprint.

Cite this