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Browsing by Author "Townsend, David M."

Now showing 1 - 5 of 5
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    COVID-19 and the importance of space in entrepreneurship research and policy
    Korsgaard, Steffen; Hurt, Richard A.; Townsend, David M.; Ingstrup, Mads Bruun (2020-10-15)
    Given the COVID-19 crisis, the importance of space in the global economic system has emerged as critical in a hitherto unprecedented way. Even as large-scale, globally operating digital platform enterprises find new ways to thrive in the midst of a crisis, small and medium-sized enterprises (SMEs) nestled in local economies have proven to be fragile to shocks, causing countless local economies to unravel in the face of severe challenges to survival. Here, we discuss the role of entrepreneurship in re-building local economies that are more resilient. Specifically, we take a spatial perspective and highlight how the COVID-19 crisis has uncovered problems in the current tendency for thin contextualisation and promotion of globalisation. Based on this critique, we outline new perspectives for thinking about the relationship between entrepreneurship, resilience and local economies. Here, a particular emphasis is given to resilience building through deeply contextualised policies and research, localised flows of products and labour, and the diversification of local economies.
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    The Impact of Varied Knowledge on Innovation and the Fate of Organizations
    Asgari, Elham (Virginia Tech, 2019-08-02)
    In my dissertation, I examine varied types of knowledge and how they contribute to innovation generation and selection at both the firm and the industry level using the emerging industry context of small satellites. My research is divided into three papers. In Paper One, I take a supply-demand perspective and examine how suppliers of technology—with their unique knowledge of science and technology—and users of technology—with their unique knowledge of demand—contribute to innovation generation and selection over the industry lifecycle. Results show that the contributions of suppliers and users vary based on unique aspects of innovation, such as novelty, breadth, and coherence – and also over the industry life cycle. In Paper Two, I study how firms overcome science-business tension in their pursuit of novel innovation. I examine unique aspects of knowledge: scientists' business knowledge and CEOs' scientific knowledge. I show that CEOs' scientific knowledge is an important driver of firms' novel pursuits and that this impact is higher when scientists do not have business knowledge. In the third paper, I further examine how scientists with high technological and scientific knowledge—i.e., star scientists—impact firm innovation generation and selection. With a focus on explorative and exploitative innovation, I develop theory on the boundary conditions of stars' impact on firm level outcomes. I propose that individual level contingencies—i.e., stage of employment—and organizational level contingencies—explorative or exploitative innovation—both facilitate and hinder stars' impact on firms' innovative pursuits.
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    Red Giants or Black Holes? The Antecedent Conditions and Multi-Level Impacts of Star Performers
    Asgari, Elham; Hunt, Richard A.; Lerner, Daniel A.; Townsend, David M.; Hayward, Mathew L. A.; Kiefer, Kip (Academy of Management, 2020-10-29)
    High-achieving employees, the “stars” of an organization, are widely credited with producing indispensable, irreplaceable, value-enhancing contributions. From the recruitment of celebrity CEOs to the fierce competition for star scientists, and from lucrative contracts for sports icons to out-sized bonuses for top salespeople, human capital strategies have long promoted the importance of star performers. Sixty years of research on stars has witnessed a wide array of contexts, levels of analysis, and sub-dimensions, much of which is focused on the accomplishments of these alphatail individuals. More recently, however, scholars have begun to draw varied conclusions regarding both the favorable and unfavorable impacts of star performers, leading to a balkanization of the perspectives comprising the stream. Our review of the multi-disciplinary work on stars synthesizes disparate studies, settles definitional problems, and integrates complementary factors into a coherent formative construct. Through this, we foster the development of a research agenda concerning the manner in which star performers are, by their very nature, simultaneously red giants and black holes, the precise balance of which is fertile soil for future inquiry.
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    The Role of Firm Capability, Managerial Cognition, and Ecosystem on Innovation: Investigation of The Satellite Industry
    Song, Yue (Virginia Tech, 2017-06-22)
    In this dissertation, I systematically explore the nature and role of two firm capabilities: absorptive capacity (or external learning capability) and technological capability. I examine how firm capability interacts with intra-firm and industry factors, and how it impacts organizational outcomes. In the first paper, I review literature on absorptive capacity and distill its distinct effect on various organizational outcomes. I identify key theoretical underpinnings behind the diverse conceptualizations of absorptive capacity and their corresponding measures, and use meta-analytical techniques to synthesize the effects of absorptive capacity. The second and third papers of my dissertation examine how technological capability interacts with certain internal and external contingency factors in influencing firm innovation and industry evolution. In the second paper, I take an intra-firm focus, and I identify managerial cognition as an important internal factor that impacts the relationship between technological capability and innovation. More specifically, I study how a firm's technological competence interacts with managerial experience in shaping that firm's innovation choices. Using data from the satellite industry, I show that diversity and relatedness of technological resource, as well as CEO experience, work differently in shaping product versus application innovations. In the third paper, I investigate how capabilities beyond focal technology producers influence industry evolution. Based on longitudinal analyses of the evolution of the satellite industry, I show that complementors, component suppliers, and customers are important external factors that shape industry evolution. Overall, my dissertation demonstrates the interrelated roles of firm capability, managerial cognition, and innovation ecosystem on firm and industry-level outcomes.