Resource Mobilization and Performance: The Moderating Role of Network Complementarity and Network Diversity

Creators: Adegbile, Abiodun and Wagner, Heinz-Theo and Söllner, Albrecht
Title: Resource Mobilization and Performance: The Moderating Role of Network Complementarity and Network Diversity
Item Type: Conference or Workshop Item
Event Title: (Proceedings of the) 77th Annual Meeting of the Academy of Management (AOM)
Event Location: Atlanta, GA, USA
Event Dates: August, 4-8, 2017
Projects: CROSS
Additional Information: Annual Meeting Proceedings: Atlanta 2017 Vol. 2017, No. 1 ISSN (print): 0065-0668 | ISSN (online): 2151-6561
Date: 2017
Divisions: Informationsmanagement
Abstract: Resource mobilization which is the construction of resources (e.g. physical capital, human capital, and organizational capital) by acquiring, transforming and utilizing them towards the exploitation of an entrepreneurial opportunity plays a fundamental role in inception, growth, and performance of new firms. What is the relationship between resource mobilization and firm performance? We examined two resource mobilization approaches–bricolage and optimization - defined as recombining existing resources for new purposes and using new standard resources for the specific application for which the resource is intended, respectively. We argue that the effect of resource mobilization approaches on new venture performance is contingent upon network complementarity (the extent of overlap between an entrepreneur’s current network priorities and the resources potentially available from a person) and network diversity (refers to the extent to which an entrepreneur’s network includes diverse actors). Using an original data set of 153 new firms, our findings shows that resource mobilization approaches have a significant impact on new venture performance, while network complementarity and network diversity as a context variable moderates these relationships. Overall, our findings direct entrepreneurial firms on the best network attributes to possess in order to optimize resource mobilization approaches and in turn increase performance.
Citation:

Adegbile, Abiodun and Wagner, Heinz-Theo and Söllner, Albrecht (2017) Resource Mobilization and Performance: The Moderating Role of Network Complementarity and Network Diversity. In: (Proceedings of the) 77th Annual Meeting of the Academy of Management (AOM), August, 4-8, 2017, Atlanta, GA, USA.

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