Failure to advance: Resource logic for early venture failure

Saxton, M. K., Saxton, T., Steen, J. and Verreynne, M. (2010) Failure to advance: Resource logic for early venture failure. Prometheus, 28 1: 15-27. doi:10.1080/08109021003668620

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Author Saxton, M. K.
Saxton, T.
Steen, J.
Verreynne, M.
Title Failure to advance: Resource logic for early venture failure
Journal name Prometheus   Check publisher's open access policy
ISSN 0810-9028
Publication date 2010-03
Sub-type Article (original research)
DOI 10.1080/08109021003668620
Volume 28
Issue 1
Start page 15
End page 27
Total pages 13
Editor Stuart Macdonald
Place of publication Melbourne, Australia
Publisher Routledge (Taylor & Francis Group)
Collection year 2011
Language eng
Subject C1
150304 Entrepreneurship
910406 Technological and Organisational Innovation
Formatted abstract
New ventures play an important role in economic growth. The resource logic
underlying how these firms develop in the early stages, however, has not received
adequate attention in the literature. This paper examines the launch trajectories of
embryonic ventures. We propose a configurational model of these trajectories
based on the resources and stages required to establish a viable commercial
entity. Potential launching paths are identified, from the inception of a new
product/service idea through to success outcomes, including rapid, independent
sales growth, stabilized profit, acquisition or Initial Public Offering. We argue
that embryonic firms must balance the development of product, financial and
human resources through waves of resource accumulation as they move through
different stages of development. We summarize our arguments in a model of
venture evolution
. © 2010 Taylor & Francis.
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Faculty of Business, Economics and Law -- Publications
Official 2011 Collection
UQ Business School Publications
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Citation counts: Scopus Citation Count Cited 2 times in Scopus Article | Citations
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Created: Fri, 14 May 2010, 13:59:45 EST by Karen Morgan on behalf of UQ Business School