Don't go it alone: alliance network composition and startups' performance in Canadian biotechnology Export

@article{citeulike:6052847, abstract = {We combine theory and research on alliance networks and on new firms to investigate the impact of variation in startupsrsquo alliance network composition on their early performance. We hypothesize that startups can enhance their early performance by 1) establishing alliances, 2) configuring them into an efficient network that provides access to diverse information and capabilities with minimum costs of redundancy, conflict, and complexity, and 3) judiciously allying with potential rivals that provide more opportunity for learning and less risk of intra-alliance rivalry. An analysis of Canadian biotech startupsrsquo performance provides broad support for our hypotheses, especially as they relate to innovative performance. Overall, our findings show how variation in the alliance networks startups configure at the time of their founding produces significant differences in their early performance, contributing directly to an explanation of how and why firm age and size affect firm performance. We discuss some clear, but challenging, implications for managers of startups. Copyright {\copyright} 2000 John Wiley \& Sons, Ltd.}, address = {Rotman School of Management, University of Toronto, Toronto, Ontario, Canada; Graduate School of Business Administration, Harvard University, Boston, Massachusetts, U.S.A.}, author = {Baum, Joel A. C. and Calabrese, Tony and Silverman, Brian S.}, citeulike-article-id = {6052847}, citeulike-linkout-0 = {http://dx.doi.org/10.1002/(SICI)1097-0266(200003)21:3%3C267::AID-SMJ89%3E3.0.CO;2-8}, citeulike-linkout-1 = {http://www3.interscience.wiley.com/cgi-bin/abstract/71001345/ABSTRACT}, doi = {10.1002/(SICI)1097-0266(200003)21:3%3C267::AID-SMJ89%3E3.0.CO;2-8}, issn = {1097-0266}, journal = {Strategic Management Journal}, number = {3}, pages = {267--294}, posted-at = {2009-11-01 04:28:46}, priority = {2}, title = {Don't go it alone: alliance network composition and startups' performance in Canadian biotechnology}, url = {http://dx.doi.org/10.1002/(SICI)1097-0266(200003)21:3%3C267::AID-SMJ89%3E3.0.CO;2-8}, volume = {21}, year = {2000} }

TY - JOUR ID - citeulike:6052847 L3 - citeulike-article-id:6052847 N2 - We combine theory and research on alliance networks and on new firms to investigate the impact of variation in startupsrsquo alliance network composition on their early performance. We hypothesize that startups can enhance their early performance by 1) establishing alliances, 2) configuring them into an efficient network that provides access to diverse information and capabilities with minimum costs of redundancy, conflict, and complexity, and 3) judiciously allying with potential rivals that provide more opportunity for learning and less risk of intra-alliance rivalry. An analysis of Canadian biotech startupsrsquo performance provides broad support for our hypotheses, especially as they relate to innovative performance. Overall, our findings show how variation in the alliance networks startups configure at the time of their founding produces significant differences in their early performance, contributing directly to an explanation of how and why firm age and size affect firm performance. We discuss some clear, but challenging, implications for managers of startups. Copyright © 2000 John Wiley & Sons, Ltd. IS - 3 JF - Strategic Management Journal SN - 1097-0266 AD - Rotman School of Management, University of Toronto, Toronto, Ontario, Canada; Graduate School of Business Administration, Harvard University, Boston, Massachusetts, U.S.A. EP - 294 TI - Don't go it alone: alliance network composition and startups' performance in Canadian biotechnology VL - 21 SP - 267 AU - Baum, Joel AU - Calabrese, Tony AU - Silverman, Brian PY - 2000/// UR - http://dx.doi.org/10.1002/(SICI)1097-0266(200003)21:3%3C267::AID-SMJ89%3E3.0.CO;2-8 ER -