EXPLORATIVE ASPECTS OF THE STUDY Sample Clauses

EXPLORATIVE ASPECTS OF THE STUDY. ‌ So far, I have developed a concept for the evolution of dynamic capabilities in entrepreneurial firms and the corresponding impact on new venture performance. To test the concept, I have derived various hypotheses that are summarised in the previous section. However, the growth processes of technology-based new ventures incorporate many additional questions that cannot be hypothesised by conducting a thorough literature review. These aspects are also important and provide further insights into the development of start-up companies in technology-based industries. In the following paragraphs, I address these open issues and research gaps and thus add an explorative part to the dissertation. Therefore, I pose several questions focusing on the various topics of interest. The first question focuses on the drivers of specific functional capabilities that are not covered in the hypotheses 14 to 16. While the initial hypotheses mainly address all dynamic capabilities, there may be functional differences with respect to the influence of the various drivers outlined in chapter 2.3.4. Thus, the first question is formulated as follows. What is the influence of the drivers identified for the emergence of dynamic capabilities in general on specific groups of functional capabilities? A second interesting aspect of the growth processes of technology-based new ventures is the endogeneity of dynamic capabilities and organisational size. While some scholars might propose that certain managerial capabilities are necessary for technology-based new ventures to grow, others may not accept this argument and rather see the emergence of capabilities as a logical consequence of an increase in size. These two perspectives represent a classical “chicken-and-egg” problem that is almost impossible to hypothesise. Thus, I pose the following question to address this open issue. Do dynamic capabilities drive the growth of the firm or do they automatically emerge when new ventures increase the number of employees?
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