Frontiers of Entrepreneurship Research
1997 Edition

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RESOURCE CONFIGURATIONS OVER THE LIFE CYCLE OF VENTURES

Candida G. Brush, Boston University

Patricia G. Greene, Rutgers University

Myra M. Hart, Harvard Business School

Linda F. Edelman, Boston University


INTRODUCTION

BACKGROUND

Table 1
Table 2

METHODOLOGY

RESULTS

Table 3
Table 4
Table 5
Table 6A
Table 6B

CONCLUSIONS AND IMPLICATIONS

Table 7A
Table 7B

REFERENCES

 

ABSTRACT

Resources are fundamental to creation, growth and expansion of new ventures. While literature on life cycles and stages of new venture development recognizes resource needs will change, these are considered only relative to crises or problems over time. It is not clear which types of resources are more or less appropriate depending on stage of development. This research explores configurations of resource types (social, human, organizational, physical and financial) based on age of new venture and examines the effects of founder and business characteristics. Results show that different combinations of resources are associated with age of venture. Human capital resources, including various types of education, experience, and expertise of the founder are more significant for younger ventures, while specific organizational resources are more dominant for older ventures. In addition, relationships between resources and characteristics of the founder and the firm vary between older and younger ventures.

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