Final published version
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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Learning from improvisation in New Ventures
AU - Wu, Juan
AU - Arndt, Felix
AU - Ma, Hongjia
AU - Hughes, Paul
AU - Tang, Sisi
PY - 2023/4/1
Y1 - 2023/4/1
N2 - The rapid pace of digitalization forces new ventures to cope with external changes they cannot foresee. Improvisation is a crucial way for companies to respond effectively to sudden changes. However, the mechanisms underlying the improvisation–performance link are not fully understood. This paper focuses on how improvisation affects a firm's performance. We identify two mediators for this relationship: entrepreneurial learning and routines. Our sample includes 243 new ventures in China. The results of structural equation modelling show that learning from improvisation in start-ups contributes to establishing new routines that serve as drivers of firm performance. We discuss the implications for practice and future research.
AB - The rapid pace of digitalization forces new ventures to cope with external changes they cannot foresee. Improvisation is a crucial way for companies to respond effectively to sudden changes. However, the mechanisms underlying the improvisation–performance link are not fully understood. This paper focuses on how improvisation affects a firm's performance. We identify two mediators for this relationship: entrepreneurial learning and routines. Our sample includes 243 new ventures in China. The results of structural equation modelling show that learning from improvisation in start-ups contributes to establishing new routines that serve as drivers of firm performance. We discuss the implications for practice and future research.
KW - Entrepreneurship
KW - Improvisation
KW - Entrepreneurial learning
KW - Routine
KW - New venture performance
U2 - 10.1016/j.jik.2023.100346
DO - 10.1016/j.jik.2023.100346
M3 - Journal article
VL - 8
JO - Journal of Innovation & Knowledge
JF - Journal of Innovation & Knowledge
IS - 2
M1 - 100346
ER -