Bibliography

Entrepreneurial talent and expertise: Who does what?

Keywords: make or buy, scalability, entrepreneurial team, human capital, human resources, venture team

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• (Video) How Google builds the perfect team
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• (Article) Eesley, C. E., Hsu, D. H., & Roberts, E. B. (2014). The contingent effects of top management teams on venture performance: Aligning founding team composition with innovation strategy and commercialization environment. Strategic Management Journal, 35(12), 1798-1817.
• (Article) Eikebrokk, T. R., & Olsen, D. H. (2007). An empirical investigation of competency factors affecting e-business success in European SMEs. Information & Management, 44(4), 364-383.
• (Article) Ensley, M. D., Pearson, A. W., & Amason, A. C. (2002). Understanding the dynamics of new venture top management teams: cohesion, conflict, and new venture performance. Journal of Business Venturing, 17(4), 365-386.
• (Article) Ensley, M. D., & Hmieleski, K. M. (2005). A comparative study of new venture top management team composition, dynamics and performance between university-based and independent start-ups. Research Policy, 34(7), 1091-1105.
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• (Article) Fonseca, T., de Faria, P., & Lima, F. (2019). Human capital and innovation: the importance of the optimal organizational task structure. Research Policy, 48(3), 616-627.
• (Article) Franke, N., Gruber, M., Harhoff, D., & Henkel, J. (2008). Venture Capitalists’ Evaluations of Start‐Up Teams: Trade‐Offs, Knock‐Out Criteria, and the Impact of VC Experience. Entrepreneurship Theory and Practice, 32(3), 459-483.
• (Article) Gemünden, H. G., Salomo, S., & Hölzle, K. (2007). Role models for radical innovations in times of open innovation. Creativity and Innovation Management, 16(4), 408-421.
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• (Article) Higgins, M. J., Stephan, P. E., & Thursby, J. G. (2011). Conveying quality and value in emerging industries: Star scientists and the role of signals in biotechnology. Research Policy, 40(4), 605-617.
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• (Article) Mosey, S., & Wright, M. (2007). From human capital to social capital: A longitudinal study of technology‐based academic entrepreneurs. Entrepreneurship Theory and Practice, 31(6), 909-935.
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• (Article) Partanen, J., Chetty, S. K., & Rajala, A. (2014). Innovation types and network relationships. Entrepreneurship Theory and Practice, 38(5), 1027-1055.
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• (Article) Zhang, L. (2019). Founders matter! Serial entrepreneurs and venture capital syndicate formation. Entrepreneurship Theory and Practice, 43(5), 974-998

Governance: Who decides what?

Keywords: board, corporate governance, governance, organizational structure, upper echelon

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• (Book) Govindarajan, V., & Trimble, C. (2010). The other side of innovation: Solving the execution challenge. Harvard Business Press.
• (Book) Kuratko et al. (2011) Corporate Innovation and Entrepreneurship, South-Western Cengage Learning
• (Video) Holacracy: A Radical New Approach to Management, by Brian Robertson, TEDxGrandRapids
• (Article) Anderson, S.W., & Dekker, H.C. (2005). Management control for market transactions: The relation between transaction characteristics, incomplete contract design, and subsequent performance. Management Science, 51(12), 1734-1752.
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• (Article) Arzubiaga, U., Kotlar, J. De Massis, A., Maseda, A. & Iturralde, T. (2018)). Entrepreneurial orientation and innovation in family SMEs: Unveiling the (actual) impact of the Board of Directors, Journal of Business Venturing, 33(4), 455-469
• (Article) Baron, J. N., Hannan, M. T., & Burton, M. D. (1999). Building the iron cage: Determinants of managerial intensity in the early years of organizations. American Sociological Review, 527-547.
• (Article) Cardon, M. S., & Stevens, C. E. (2004). Managing human resources in small organizations: What do we know?. Human Resource Management Review, 14(3), 295-323.
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• (Article) Colombo, M. G., Croce, A., & Murtinu, S. (2014). Ownership structure, horizontal agency costs and the performance of high-tech entrepreneurial firms. Small Business Economics, 42(2), 265-282.
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• (Article) Daily, C. M., Dalton, D. R., & Cannella Jr, A. A. (2003). Corporate governance: Decades of dialogue and data. Academy of Management Review, 28(3), 371-382.
• (Article) Forbes, Daniel P., and Frances J. Milliken. “Cognition and corporate governance: Understanding boards of directors as strategic decision-making groups.” Academy of Management Review 24.3 (1999): 489-505
• (Article) Fried, V. H., Bruton, G. D., & Hisrich, R. D. (1998). Strategy and the board of directors in venture capital-backed firms. Journal of Business Venturing, 13(6), 493-503.
• (Article) Garg, S., & Furr, N. (2017). Venture Boards: Past Insights and Future Directions. Strategic Entrepreneurship Journal. 11, 326–343.
• (Article) Greinier, L.E. (1998) Evolution and Revolution as Organizations Grow. Harvard Business Review, reprint 98308
• (Article) Gulati, R., Puranam, P., & Tushman, M. (2012). Meta‐organization design: Rethinking design in interorganizational and community contexts. Strategic Management Journal, 33(6), 571-586.
• (Article) Hambrick, D. C. (2007). Upper echelons theory: An update. Academy of Management Review, 32(2), 334-343.
• (Article) Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28(3), 383-396.
• (Article) Hotho, S., & Champion, K. (2011). Small businesses in the new creative industries: innovation as a people management challenge. Management Decision, 49(1), 29-54.
• (Article) Kor, Y. Y., & Mesko, A. (2013). Dynamic managerial capabilities: Configuration and orchestration of top executives’ capabilities and the firm’s dominant logic. Strategic Management Journal, 34(2), 233-244.
• (Article) Kor, Y. Y., & Misangyi, V. F. (2008). Outside directors’ industry‐specific experience and firms’ liability of newness. Strategic Management Journal, 29(12), 1345-1355.
• (Article) McDonald, M. L., Khanna, P., & Westphal, J. D. (2008). Getting them to think outside the circle: Corporate governance, CEOs’ external advice networks, and firm performance. Academy of Management Journal, 51(3), 453-475.
• (Article) Miles, M. P., & Covin, J. G. (2002). Exploring the practice of corporate venturing: Some common forms and their organizational implications. Entrepreneurship Theory and Practice, 26(3), 21-40
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• (Article) Phene, A., & Tallman, S. (2012). Complexity, context and governance in biotechnology alliances. Journal of International Business Studies, 43(1), 61-83.
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How much? Financial resources

Keywords: barriers to entry, break-even, cannibalization, financial metrics, payback, valley of death

• (Book) Andrew, James P., Harold L. Sirkin, and John Butman. Payback: reaping the rewards of innovation. Harvard Business Press, 2007.
• (Book) Damodaran, A. (2009). The dark side of valuation: valuing young, distressed, and   complex businesses. Ft Press.
• (Video) Introduction to Valuation Aswath Damodaran
• (Article) Heirman, Ans, and Bart Clarysse. “How and why do research-based start-ups differ at founding? A resource-based configurational perspective.” The Journal of Technology Transfer 29.3 (2004): 247-268.
• (Article) Zott, C., & Amit, R. (2007). Business model design and the performance of entrepreneurial firms. Organization Science, 18(2), 181-199.

(c) Prof. Benoit Gailly, Louvain School of Management