Abstract
| Original language | English |
|---|---|
| Publication date | 2019 |
| Number of pages | 43 |
| Publication status | Published - 2019 |
| Event | DRUID19 Conference - Copenhagen Business School, Frederiksberg, Denmark Duration: 19 Jun 2019 → 21 Jun 2019 Conference number: 41 https://conference.druid.dk/Druid/?confId=59 |
Conference
| Conference | DRUID19 Conference |
|---|---|
| Number | 41 |
| Location | Copenhagen Business School |
| Country | Denmark |
| City | Frederiksberg |
| Period | 19/06/2019 → 21/06/2019 |
| Internet address |
Keywords
- Entrepreneurial process
- Funding
- Resource value creation
- Sharing platforms
- Local ecosystems
- Complementarity
Cite this
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Turning Shared into Firm-specific Resources : The Complementarity of Local Ecosystem and Crowdfunding Services. / Manning, Stephan; Rauch, Madeleine; Vavilov, Stanislav.
2019. Paper presented at DRUID19 Conference, Frederiksberg, Denmark.Research output: Contribution to conference › Paper › Research › peer-review
TY - CONF
T1 - Turning Shared into Firm-specific Resources
T2 - The Complementarity of Local Ecosystem and Crowdfunding Services
AU - Manning, Stephan
AU - Rauch, Madeleine
AU - Vavilov, Stanislav
PY - 2019
Y1 - 2019
N2 - This study helps better understand how entrepreneurial ventures, which typically lack an internal resource base, create venture-specific value from tapping into semi-public resource environments. Based on a multi-case study of 54 entrepreneurial ventures, and guided by the resource-based view, we examine how these ventures enact and combine resources in venture-specific ways from local entrepreneurial ecosystems and Kickstarter, a crowdfunding platform. We find that new ventures apply the complementarity principle to create value from multiple shared resource environments. Globally oriented ventures exploit technologies and skills from local entrepreneurial ecosystems, and use them as brands to mobilize global support through crowdfunding (inside-out strategy). Locally oriented ventures use crowdfunding to augment and catalyze local community support and market-building (outside-in strategy). Our findings contribute to research on how entrepreneurial ventures create value from external resources in general and from sharing economy services, such as crowdfunding platforms, in particular.
AB - This study helps better understand how entrepreneurial ventures, which typically lack an internal resource base, create venture-specific value from tapping into semi-public resource environments. Based on a multi-case study of 54 entrepreneurial ventures, and guided by the resource-based view, we examine how these ventures enact and combine resources in venture-specific ways from local entrepreneurial ecosystems and Kickstarter, a crowdfunding platform. We find that new ventures apply the complementarity principle to create value from multiple shared resource environments. Globally oriented ventures exploit technologies and skills from local entrepreneurial ecosystems, and use them as brands to mobilize global support through crowdfunding (inside-out strategy). Locally oriented ventures use crowdfunding to augment and catalyze local community support and market-building (outside-in strategy). Our findings contribute to research on how entrepreneurial ventures create value from external resources in general and from sharing economy services, such as crowdfunding platforms, in particular.
KW - Entrepreneurial process
KW - Funding
KW - Resource value creation
KW - Sharing platforms
KW - Local ecosystems
KW - Complementarity
KW - Entrepreneurial process
KW - Funding
KW - Resource value creation
KW - Sharing platforms
KW - Local ecosystems
KW - Complementarity
M3 - Paper
ER -