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Acting Entrepreneurially and Strategically in Heavily Regulated Sectors
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.ORCID iD: 0000-0002-7788-9528
2022 (English)Doctoral thesis, comprehensive summary (Other academic)
Description
Abstract [en]

This thesis investigates how firms act entrepreneurially and strategically in heavily regulated sectors. Over four studies, the thesis develops a deeper and more empirically grounded understanding of how entrepreneurial and strategic actions are developed and combined. It is examined how firms’ internal organizational resources can prepare the ground for entrepreneurial and strategic actions as these resources can facilitate such activities (Ireland et al., 2009). The literature identifies several internal organizational resources that influence the success of both activities. This thesis particularly examines three of these resources: management support, work discretion, and rewards/reinforcements. In addition, it is explored how firms can use their external embeddedness to act entrepreneurially and strategically through decision-making and networking dynamics. Finally, it is examined how the combination of entrepreneurial and strategic actions is manifested. A mixture of qualitative and quantitative methodologies is used to provide a more comprehensive analysis of the investigated issues. The results show that firms use their internal organizational resources to develop and conduct both types of activities. These internal organizational resources appear to be important organizational antecedents that drive both types of activities. The findings also illustrate how firms use their external embeddedness to identify opportunities, mobilize beneficial resources, secure a competitive advantage, overcome the difficulties inherent to heavily regulated sectors, and create a new market. This was possible through combinations of entrepreneurial and strategic activities conducted through effectual and causal decision-making and network dynamics. Finally, the results show that the combination of entrepreneurial and strategic actions was manifested in different ways. In the examined financial services firms, the combination of both activities was manifested through the design of adapted internal organizational resources that facilitated the development and combination of both types of activities.  The combination was challenged by two opposite organizational resources: top-down managerial control (centralized decision-making) and bottom-up freedom (decentralized decision-making). In the case of the new venture creation process, the combination of both activities varied depending on changes in the external environment, and it was sometimes facilitated but at other times challenged by those changes. Overall, the thesis offers several theoretical, managerial, and methodological contributions to a range of scholarly conversations, including the literature on strategic entrepreneurship, entrepreneurial decision-making, organizational preparedness for entrepreneurship, business networks, and the new venture process.

Place, publisher, year, edition, pages
Uppsala: Acta Universitatis Upsaliensis, 2022. , p. 88
Series
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 213
Keywords [en]
advantage-seeking, decision-making, entrepreneurial action, internal organizational factors, networks, new ventures, opportunity-seeking, strategic action, strategic entrepreneurship
National Category
Social Sciences
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:uu:diva-469300ISBN: 978-91-506-2931-6 (print)OAI: oai:DiVA.org:uu-469300DiVA, id: diva2:1644100
Public defence
2022-05-05, Hörsal 2, Kyrkogårdsgatan 10, Uppsala, 10:15 (English)
Opponent
Supervisors
Available from: 2022-04-13 Created: 2022-03-13 Last updated: 2022-04-13
List of papers
1. Developments in Strategic Entrepreneurship
Open this publication in new window or tab >>Developments in Strategic Entrepreneurship
2020 (English)In: FOUNDATIONS AND TRENDS IN ENTREPRENEURSHIP, ISSN 1551-3114, Vol. 16, no 6, p. 444-513Article in journal (Refereed) Published
Abstract [en]

Now almost twenty years ago, strategic entrepreneurship emerged as a new and high-potential field of research at the crossroads of the entrepreneurship and strategic management literatures. In this review, we track the development of this new field of research to see whether it has lived up to the original promises. Based on the review of 131 articles that have appeared over the period 2001-2019, we conclude that strategic entrepreneurship research is yet to develop the coherence and momentum that will allow it to take off more emphatically. In the discussion, we outline a set of interrelated issues concerned with conceptual ambiguity, model boundaries, and consistency in the application of conceptual foundations which we believe have had an attenuating effect on past developments of the field. We conclude our review by identifying a number of avenues for future research, alongside a pressing need for producing firmer practical guidelines for how to effectively integrate the entrepreneurial and strategic aspects of management.

Place, publisher, year, edition, pages
NOW PUBLISHERS INC, 2020
Keywords
Strategic entrepreneurship, Opportunity-seeking, Advantage-seeking
National Category
Business Administration
Identifiers
urn:nbn:se:uu:diva-422438 (URN)10.1561/0300000094 (DOI)000563783700001 ()
Available from: 2020-10-28 Created: 2020-10-28 Last updated: 2024-02-28Bibliographically approved
2. Strategic Corporate Entrepreneurship Practices in Financial Services Firms: The Role of Organizational Factors
Open this publication in new window or tab >>Strategic Corporate Entrepreneurship Practices in Financial Services Firms: The Role of Organizational Factors
(English)Manuscript (preprint) (Other academic)
Abstract [en]

The strategic entrepreneurship field has established the importance of an entrepreneurial organizational environment within companies. However, extant research has failed to show how the association of organizational factors with different strategic corporate entrepreneurship practices unfolds in service businesses. Given the role of financial services, this study addresses a relevant gap in the literature. An empirical analysis from financial services firms in Sweden, using Structural Equation Modelling, shows that whereas organizational factors such as management support and reward/reinforcement have a positive effect on both incremental and discontinuous strategic corporate entrepreneurship practices, the organizational factor work discretion presents a differentiated effect. From a theoretical perspective, the study provides an important step toward understanding the internal factors that spur employees toward different strategic corporate entrepreneurship in financial services firms. In terms of practical implications, the results offer a valuable perspective for managers in these firms to create or improve an internal organizational environment that facilitates strategic corporate entrepreneurship practices. 

Keywords
Strategic Corporate Entrepreneurship, Financial Services Firms, Organizational Antecedents, Corporate Entrepreneurship Assessment Instrument, CEAI
National Category
Social Sciences
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-469351 (URN)
Available from: 2022-03-09 Created: 2022-03-09 Last updated: 2022-03-13
3. The dynamics of entrepreneurial decision-making when creating and developing new ventures
Open this publication in new window or tab >>The dynamics of entrepreneurial decision-making when creating and developing new ventures
(English)Manuscript (preprint) (Other academic)
Abstract [en]

The paper aims to clarify how effectual and causal decision-making evolve when creating and developing new ventures and what may drive change points in the use of effectual and causal decision-making. The study adds a hybrid perspective to the body of research on entrepreneurial decision-making by illustrating how effectual and causal modes are combined when creating and developing new ventures (rather than using one or the other mode exclusively). It also shows how the intensity in the use of one mode of decision-making changes over time. Moreover, the study advances a novel and dynamic model of what drives shifts in entrepreneurs/companies’ decision-making modes, adding to the literature a new external condition, changes in regulations, as an immediate condition influencing the use of either decision-making mode when creating and developing new ventures. The proposed model can be a useful tool to stimulate practitioners regarding external conditions shaping the new venture, including the repercussions and outcomes of using certain decision-making modes. Furthermore, using archival material as primary data, the study pioneers new approaches regarding data sources and data collection different from those conventionally applied in entrepreneurship research. 

 

Keywords
Entrepreneurial Decision-Making, Effectuation, Causation, Regulations, New Ventures, Healthcare
National Category
Social Sciences
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-469366 (URN)
Available from: 2022-03-09 Created: 2022-03-09 Last updated: 2022-03-13
4. Becoming a public sector insider -A case study of Swedish digital healthcare start-ups´ entrepreneurial business formation processes
Open this publication in new window or tab >>Becoming a public sector insider -A case study of Swedish digital healthcare start-ups´ entrepreneurial business formation processes
2022 (English)In: Industrial Marketing Management, ISSN 0019-8501, E-ISSN 1873-2062, Vol. 105, p. 340-350Article in journal (Refereed) Published
Abstract [en]

The aim of the study is to better understand start-ups' entrepreneurial business formation processes from a contextual perspective. We examine a digitalization process in the healthcare sector in Sweden, and investigate the start-up processes taking place in order to reach a better understanding of what it takes for new actors to obtain an insider position in this particular type of highly regulated networks. The study offers important insights into the dynamics of constituent elements in the process, including the sequences of events through which startup processes evolve, and insights into new ventures' initial entry into a business network. It is concluded that the studied processes were interactive, forcing the start-ups to be both innovative and able to conform. It was also found that legitimacy constitute an important resource in this type of politically sensitive context.

Place, publisher, year, edition, pages
Elsevier, 2022
Keywords
Business Networks, Process, Insider, Relationships, Resources, Knowledge, Legitimacy, Public Sector, Start-up, Healthcare
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-469367 (URN)10.1016/j.indmarman.2022.06.013 (DOI)000838703300013 ()
Note

Title in dissertation list of papers: Becoming a public sector insider: A case study of Start-ups´ Entrepreneurial Business Formation Processes in Swedish Digital Healthcare.

Available from: 2022-03-13 Created: 2022-03-13 Last updated: 2023-08-22Bibliographically approved

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Citation style
  • apa
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Output format
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