What Can Drive Successful Entrepreneurial Firms? An Analysis of Inc. 500 Companies

Erick P. C. Chang · Esra Memili · James J. Chrisman · Dianne H.B. Welsh

22 citations0/0 files storedJournal of Small Business Strategy

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Entrepreneurship Studies and Influences Business Strategies and Innovation Firm Innovation and Growth

Abstract

Entrepreneurship scholars tend to discuss the merits of using innovation over imitation for the creation of new ventures. We take a step forward to focus our attention on the drivers of successful entrepreneurial firms and use Inc. 500 companies to test our framework. Findings indicate that the extent of innovation positively influences long-term sales growth and the relationship is positively moderated by prior experience and negatively moderated by family involvement. Research and practical implications are discussed.

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2004Firm resources and sustained competitive advantage 1985Economic Action and Social Structure: The Problem of Embeddedness 2003The Theory of Economic Development 1983An Evolutionary Theory of Economic Change.1997Capitalism, Socialism and Democracy 2000The Promise of Entrepreneurship as a Field of Research 1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1990Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms

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