Growth under Resource Constraints

• Main Authors: Hsin-Yi Liu, 劉昕宜
• Other Authors: Po-Yuan Chen
• Format: Others
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/hc9hc5

碩士 === 國立東華大學 === 國際企業學系 === 105 === In the past, the theory of Firm Growth and Resource-Based were mainly to explore the importance of internal resources in the process of growing a firm. These theories indicated that accumulating resources can establish a competitive advantage in order to explain the growth and performance of the firm. However, previous studies have explored the development of firms which assumed they had resources, but these theories rarely mentioned new ventures, that is resource disadvantaged firms, which could assist the new ventures in gathering resources and building advantages effectively through the start-up phase. In addition, according to this practical phenomenon, most of the new ventures have no resource advantages and often face a shortage of resources. Therefore, how to find a way to obtain resources from this disadvantageous situation is the fundamental way of survival for new ventures. The purpose of this study is to make up the gap in the past theory. The study adopts case study interview methodology in Taiwanese firms to understand how new ventures identify and take resources effectively in the start-up phase. In conclusion, the study shows that the diversity of the entrepreneur's own experience and richness of the social network contributes in identifying resource value opportunities. In addition, use of the "small" advantage with the unauthorized destruction of industry rules and altruism are effective ways to take resources for new ventures. In this process, the bricolage of resource making-do and resource construction play an important role which can help new ventures to extricate the resource constraints and let to the same resource-constrained person in order grow from a position of adversity. This study will focus on the development of new ventures in the start-up phase. In this way, it will be able to link the Firm Growth and Resource-Based theories and create a complete system to explain to enterprises from their creation to the development process.