English, Article edition: SCALE BARRIERS AND GROWTH OPPORTUNITIES: A RESOURCE-BASED MODEL OF NEW VENTURE EXPANSION LOIS M. SHELTON

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Bookmark: http://trove.nla.gov.au/version/82718
Physical Description
  • article
Language
  • English

Edition details

Title
  • SCALE BARRIERS AND GROWTH OPPORTUNITIES: A RESOURCE-BASED MODEL OF NEW VENTURE EXPANSION
Author
  • LOIS M. SHELTON
Physical Description
  • article
Notes
  • The concept of scale barriers is introduced to shed light on new venture growth. Growth is a process of overcoming resource deficiencies, or scale barriers, resulting from the liabilities of newness and smallness. New ventures employ a variety of resource accumulation strategies to surmount three types of barriers - competitive deficiencies, management and organizational deficiencies, and financial deficiencies. A theoretical model shows how environmental munificence and industry conditions influence barrier size while resource accumulation strategies and initial venture endowments determine a venture's ability to overcome these barriers. The difficulties of growth are illustrated as an extension of the difficulties of survival.
  • RePEc:wsi:jecxxx:v:13:y:2005:i:04:p:333-357
Language
  • English
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