Top Management’s Attention to Discontinuous Technological Change: Corporate Venture Capital as an Alert Mechanism
References
- . (1990) Technological discontinuities and dominant design: A cyclical model of technological change. Admin. Sci. Quart. 35(4):604–633.Crossref, Google Scholar
- . (2008) The Red Queen, success bias, and organizational inertia. Management Sci. 54(7):1237–1251.Link, Google Scholar
- . (1998) Adapting to unfamiliar environmental events: A look at the evolution of interpretation and its role in strategic change. Organ. Sci. 9(6):644–669.Link, Google Scholar
- . (1997) Seeing isn’t believing: Understanding diversity in the timing of strategic response. J. Management Stud. 34(3):337–370.Crossref, Google Scholar
- . (1992) Cognitive change, strategic action, and organizational renewal. Strategic Management J. 13(S1) :15–36.Crossref, Google Scholar
- . (1995) The dominant logic: Retrospective and extension. Strategic Management J. 16(1):5–14.Crossref, Google Scholar
- . (1995) Techniques of Event History Modeling: New Approaches to Causal Analysis (Lawrence Erlbaum Associates, Mahwah, NJ).Google Scholar
- . (1987) Power and centrality: A family of measures. Amer. J. Sociol. 92(5):1170–1182.Crossref, Google Scholar
- . (2008) Weight versus voice: How foreign subsidiaries gain attention from corporate headquarters. Acad. Management J. 51(3):577–601.Crossref, Google Scholar
- . (1988) Strategic decision processes in high velocity environments. Management Sci. 34(7):816–835.Link, Google Scholar
- . (1992) Structural Holes: The Social Structure of Competition (Harvard University Press, Cambridge, MA).Crossref, Google Scholar
- . (2001) Venture capital investments and the growth of revolutionary new industries. , Bygrave WD, Autio E, Brush CG, Davidsson P, Green PG, Reynolds PD, Sapienza HJ, eds. Frontiers in Entrepreneurship Research 2001 (Babson College, Babson Park, MA), 523–535.Google Scholar
- . (2006) Attention as the mediator between top management team characteristics and strategic change: The case of airline deregulation. Organ. Sci. 17(4):453–469.Link, Google Scholar
- . (1997) Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail (Harvard Business School Press, Boston).Google Scholar
- . (2000) Complementarity, status similarity and social capital as drivers of alliance formation. Strategic Management J. 21(1):1–22.Crossref, Google Scholar
- . (2004) An Introduction to Survival Analysis Using Stata: Revised Edition (Stata Press, College Station, TX).Google Scholar
- . (1988) Social capital in the creation of human capital. Amer. J. Sociol. 94(Supplement) :S95–S120.Crossref, Google Scholar
- . (1972) Regression models and life-tables. J. Roy. Statist. Soc. Ser. B 34(2):187–220.Crossref, Google Scholar
- . (1984) Toward a model of organizations as interpretation systems. Acad. Management Rev. 9(2):284–295.Crossref, Google Scholar
- . (2011) Trying to become a different type of company: Dynamic capability at Smith Corona. Strategic Management J. 32(1):1–31.Crossref, Google Scholar
- DSC Communications (1990) DSC Communications Corporate Annual Report, Form 10-K of SEC filing. . http://www.dsccommunications.com.Google Scholar
- . (2007) A content analysis of the content analysis literature in organization studies: Research themes, data sources, and methodological refinements. Organ. Res. Methods 10(1):5–34.Crossref, Google Scholar
- . (2006) Corporate venture capital: Past evidence and future directions. , Casson M, Yeung B, Basu A, Wadeson N, eds. The Oxford Handbook of Entrepreneurship (Oxford University Press, Oxford, UK), 387–431.Google Scholar
- . (2010) How alliance formation shapes corporate venture capital investment in the software industry: A resource-based perspective. Strategic Entrepreneurship J. 4(1):22–48.Crossref, Google Scholar
- . (2005a) When do firms undertake R&D by investing in new ventures? Strategic Management J. 26(10):947–965.Crossref, Google Scholar
- . (2005b) When do incumbents learn from entrepreneurial ventures? Corporate venture capital and investing firm innovation rates. Res. Policy 34(5):615–639.Crossref, Google Scholar
- . (2006) When does corporate venture capital investment create firm value? J. Bus. Venturing 21(6):753–772.Crossref, Google Scholar
- . (2009) Limitations to interorganizational knowledge acquisitions: The paradox of corporate venture capital. Strategic Management J. 30(10):1045–1064.Crossref, Google Scholar
- . (1998) The relational view: Cooperative strategy and sources of interorganizational competitive advantage. Acad. Management Rev. 23(4):660–679.Crossref, Google Scholar
- . (2009) Cognition and renewal: Comparing CEO and organizational effects on incumbent adaptation to technical change. Organ. Sci. 20(2):461–477.Link, Google Scholar
- . (2010) Management’s tone change, post earnings announcement drift and accruals. Rev. Accounting Stud. 15(4):915–953.Crossref, Google Scholar
- . (1995) Corporate communications: Comparing executives’ private and public statements. Acad. Management J. 38(2):522–536.Crossref, Google Scholar
- . (2006) The symbolic management of strategic change: Sensegiving via framing and decoupling. Acad. Management J. 49(6):1173–1193.Crossref, Google Scholar
- . (1990) What’s in a name? Reputation building and corporate strategy. Acad. Management J. 33(2):233–258.Crossref, Google Scholar
- . (1999) Venture capital as an economy of time. , Leenders RTAJ, Gabbay S, eds. Corporate Social Capital and Liability (Kluwer, Norwell, MA), 460–482.Crossref, Google Scholar
- . (2000) Trapped in your own net? Network cohesion structural holes, and the adaptation of social capital. Organ. Sci. 11(2):183–196.Link, Google Scholar
- . (1995) Letter to shareholders. . Microsoft, Redmond, WA. http://www.microsoft.com/investor/AnnualReports/default.aspx.Google Scholar
- . (2003) EDGAR-Analyzer: Automating the analysis of corporate data contained in the SEC’s EDGAR database. Decision Support Systems 35(1):7–29.Crossref, Google Scholar
- . (2005) Unbundling the structure of inertia: Resource vs. routine rigidity. Acad. Management J. 48(5):741–763.Crossref, Google Scholar
- . (1998) The determinants of corporate venture capital successes: Organizational structure, incentives, and complementarities. . NBER Working Paper 6725, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- . (1999) The Venture Capital Cycle (MIT Press, Cambridge, MA).Google Scholar
- . (1973) The strength of weak ties. Amer. J. Sociol. 78(6):1360–1380.Crossref, Google Scholar
- . (2009) Bigger and safer: The diffusion of competitive advantage. Strategic Management J. 30(1):1–23.Crossref, Google Scholar
- . (1993) Understanding the rationale of strategic technology partnering: Inter-organizational modes of cooperation and sectoral differences. Strategic Management J. 14(5):371–385.Crossref, Google Scholar
- . (1984) Upper echelons: The organization as a reflection of its top managers. Acad. Management Rev. 9(2):193–206.Crossref, Google Scholar
- . (2002) Brokering knowledge: Linking learning and innovation. , Staw BM, Kramer RM, eds. Research in Organizational Behavior, Vol. 24 (Elsevier, Oxford, UK), 41–85.Google Scholar
- . (1997) Technology brokering and innovation in a product development firm. Admin. Sci. Quart. 42(4):716–749.Crossref, Google Scholar
- . (1992) The shadow of the future—Effects of anticipated interaction and frequency of contact on buyer-seller cooperation. Acad. Management J. 35(2):265–291.Crossref, Google Scholar
- . (1993) Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry. RAND J. Econom. 24(2):248–270.Crossref, Google Scholar
- . (1990) Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Admin. Sci. Quart. 35(1):9–20.Crossref, Google Scholar
- . (2003) The performance of incumbent firms in the face of radical technological innovation. Acad. Management Rev. 28(2):257–274.Crossref, Google Scholar
- . (2007) Whom you know matters: Venture capital networks and investment performance. J. Finance 62(1):251–301.Crossref, Google Scholar
- . (2010) Networking as a barrier to entry and the competitive supply of venture capital. J. Finance 65(3):829–859.Crossref, Google Scholar
- . (2001) Not all events are attended equally: Toward a middle-range theory of industry attention to external events. Organ. Sci. 12(4):414–434.Link, Google Scholar
- . (2008) Applied Survival Analysis: Regression Modeling of Time-to-Event Data (John Wiley & Sons, Hoboken, NJ).Crossref, Google Scholar
- . (2008) Cognition, capabilities, and incentives: Assessing firm response to the fiber-optic revolution. Acad. Management J. 51(4):672–695.Crossref, Google Scholar
- . (2005) Inertia and incentives: Bridging organizational economics and organizational theory. Organ. Sci. 16(5):509–521.Link, Google Scholar
- . (2008) Thinking about technology: Applying a cognitive lens to technical change. Res. Policy 37(5):790–805.Crossref, Google Scholar
- . (2003) Discontinuities and senior management: Assessing the role of recognition in pharmaceutical firm response to biotechnology. Indust. Corporate Change 12(2):203–233.Crossref, Google Scholar
- . (2008a) Corporate venture capital, disembodied experimentation and capability development. J. Management. Stud. 45(8):1475–1505.Crossref, Google Scholar
- . (2010) Unique resources of corporate venture capitalists as a key to entry into rigid venture capital syndication networks. Entrepreneurship Theory Practice 34(1):83–103.Crossref, Google Scholar
- . (2008b) The effect of governance mode and relatedness of external business development activities on innovative performance. Strategic Management J. 29(8):895–907.Crossref, Google Scholar
- . (2008) Designing alliance networks: The influence of network position, environmental change, and strategy on firm performance. Strategic Management J. 29(6):639–661.Crossref, Google Scholar
- . (1998) Relative absorptive capacity and interorganizational learning. Strategic Management J. 19(5):461–477.Crossref, Google Scholar
- . (2001) Organizational Cognition: Computation and Interpretation (Lawrence Erlbaum Associates, Mahwah, NJ).Google Scholar
- . (2007) The significance of network resources in the race to enter emerging product markets: The convergence of telephony communications and computer networking, 1989–2001. Strategic Management J. 28(1):17–37.Crossref, Google Scholar
- . (2008) Relevance of organizational capabilities and its dynamics: What to learn from entrants’ product portfolios about the determinants of entry timing. Strategic Management J. 29(12):1257–1280.Crossref, Google Scholar
- . (1992) Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management J. 13(S1):111–125.Crossref, Google Scholar
- . (1994) The syndication of venture capital investments. Financial Management 23(3):16–27.Crossref, Google Scholar
- . (2006) Crossing an apparent chasm: Bridging mindful and less-mindful perspectives on organizational learning. Organ. Sci. 17(4):502–513.Link, Google Scholar
- . (1993) The myopia of learning. Strategic Management J. 14(S2) :95–112.Crossref, Google Scholar
- . (2009) Do birds of a feather flock higher? The effects of partner similarity on innovation in strategic alliances in knowledge-intensive industries. J. Management Stud. 46(6):1005–1030.Crossref, Google Scholar
- . (2008) Getting them to think outside the circle: Corporate governance, CEOs’ external advice networks, and firm performance. Academy Management J. 51(3):453–475.Crossref, Google Scholar
- . (2001) Birds of a feather: Homophily in social networks. Annual Rev. Sociol. 27:415–444.Crossref, Google Scholar
- . (2002) Is the Internet a US invention? An economic and technological history of computer networking. Res. Policy 31(8–9) :1369–1387.Crossref, Google Scholar
- . (1982) An Evolutionary Theory of Economic Change (Belknap Press of Harvard University Press, Cambridge, MA).Google Scholar
- . (1997) Towards an attention-based view of the firm. Strategic Management J. 18(S1):187–206.Crossref, Google Scholar
- . (2011) Attention to attention. Organ. Sci. 22(5):1286–1296.Link, Google Scholar
- . (2005) An attention-based theory of strategy formulation: Linking micro- and macroperspectives in strategy processes. , Szutanski G, Porac J, Doz Y, eds. Strategy Process (Advances in Strategic Management, Vol. 22) (Emerald, Bingley, UK), 39–61.Crossref, Google Scholar
- Oracle ((1995)) Oracle Corporation Annual Report, Form 10-K of SEC filing. . http://www.sec.gov/Archives/edgar/data/777676/0000891618-95-000501.txt.Google Scholar
- . (2001) Strategic groups and competitive enactment: A study of dynamic relationships between mental models and performance. Strategic Management J. 22(5):435–454.Crossref, Google Scholar
- . (1997) Getting to know you: A theory of strategic group identity. Strategic Management J. 18(S1):165–186.Crossref, Google Scholar
- . (1993) A status-based model of market competition. Amer. J. Sociol. 98(4):829–872.Crossref, Google Scholar
- . (1994) Market uncertainty and the social character of economic exchange. Admin. Sci. Quart. 39(3):458–483.Crossref, Google Scholar
- . (2001) Networks as pipes and prisms of the market. Amer. J. Sociol. 107(1):33–60.Crossref, Google Scholar
- . (2005) Status Signals (Princeton University Press, Princeton, NJ).Google Scholar
- . (1999) Choosing ties from the inside of a prism: Egocentric uncertainty and status in venture capital markets. , Leenders RTAJ, Gabbay SM, eds. Corporate Social Capital and Liability (Kluwer, Norwell, MA), 431–445.Crossref, Google Scholar
- . (1995) A role-based ecology of technological-change. Amer. J. Sociol. 100(5):1224–1260.Crossref, Google Scholar
- . (1989) Competitive groups as cognitive communities The case of Scottish knitwear manufacturers. J. Management Stud. 26(4):397–316.Crossref, Google Scholar
- . (1995) Rivalry and the industry model of Scottish knitwear producers. Admin. Sci. Quart. 40(2):203–227.Crossref, Google Scholar
- . (1996) Interorganizational collaboration and the locus of innovation: Networks of learning in biotechnology. Admin. Sci. Quart. 41(1):116–145.Crossref, Google Scholar
- . (1986) The dominant logic: A new linkage between diversity and performance. Strategic Management J. 7(6):485–501.Crossref, Google Scholar
- . (1996) Managerial categorization of competitors: Using old maps to navigate new environments. Organ. Sci. 7(1):22–39.Link, Google Scholar
- . (2009) Attentional triangulation: Learning from unexpected rare crises. Organ. Sci. 20(5):876–893.Link, Google Scholar
- . (2001) Gender, status, and leadership. J. Soc. Issues 57(4):637–655.Crossref, Google Scholar
- . (1994) Technological discontinuities, organizational capabilities, and strategic commitments. Indust. Corporate Change 3(3):655–685.Crossref, Google Scholar
- . (2003) The structure of founding teams: Homophily, strong ties, and isolation among US entrepreneur. Amer. Sociol. Rev. 68(2):195–222.Crossref, Google Scholar
- . (2009) Capabilities unveiled: The role of ordinary activities in the evolution of product development processes. Organ. Sci. 20(2):384–409.Link, Google Scholar
- . (2005) Explorative and exploitative learning from external corporate ventures. Entrepreneurship Theory Practice 29(4):493–515.Crossref, Google Scholar
- . (2003) Increasing firm value through detection and prevention of white-collar crime. Strategic Management J. 24(7):587–614.Crossref, Google Scholar
- . (1988) Corporate venture capitalists: Autonomy, obstacles and performance. J. Bus. Venturing 3(3):233–247.Crossref, Google Scholar
- . (1947) Administrative Behavior (Macmillan, New York).Google Scholar
- . (2001) Syndication networks and the spatial distribution of venture capital investments. Amer. J. Sociol. 106(6):1546–1588.Crossref, Google Scholar
- . (2008) Bringing the context back in: Settings and the search for syndicate partners in venture capital investment networks. Admin. Sci. Quart. 53(2):266–294.Crossref, Google Scholar
- . (1998) Network positions and propensities to collaborate: An investigation of strategic alliance formation in a high-technology industry. Admin. Sci. Quart. 43(3):668–698.Crossref, Google Scholar
- . (1999) Interorganizational endorsements and the performance of entrepreneurial ventures. Admin. Sci. Quart. 44(2):315–349.Crossref, Google Scholar
- . (2004) Incumbents’ framing: Three established companies respond to the Internet. , Baum JAC, McGahan AM, eds. Business Strategy Over the Industry Lifecycle (Advances in Strategic Management, Vol. 21) (Emerald, Bingley, UK).Google Scholar
- 3Com ((1995)) 3Com Corporation Annual Report, Form 10-K of SEC filing. . http://www.sec.gov/Archives/edgar/data/738076/0000738076-95-000011.txt.Google Scholar
- . (1997) Unraveling the process of creative destruction: Complementary assets and incumbent survival in the typesetter industry. Strategic Management J. 18(Special issue):119–142.Crossref, Google Scholar
- . (2009) Technology, identity, and inertia through the lens of “The Digital Photography Company”. Organ. Sci. 20(2):441–460.Link, Google Scholar
- . (2000) Capabilities, cognition, and inertia: Evidence from digital imaging. Strategic Management J. 21(10–11) :1147–1161.Crossref, Google Scholar
- . (1984) Social Dynamics: Models and Methods (Academic Press, Orlando, FL).Google Scholar
- . (1986) Technological discontinuities and organizational environments. Admin. Sci. Quart. 31(3):439–465.Crossref, Google Scholar
- . (1992) Executive succession and organization outcomes in turbulent environments: An organization learning approach. Organ. Sci. 3(1):72–91.Link, Google Scholar
- . (2010) Business group affiliation and firm search behavior in India: Responsiveness and focus of attention. Organ. Sci. 21(3):696–712.Link, Google Scholar
- . (2000) Venture capital and the birth of the local area networking industry. Res. Policy 29(9):1135–1155.Crossref, Google Scholar
- . (2006) Knowledge creation through external venturing: Evidence from the telecommunications equipment manufacturing industry. Academy Management J. 49(4):819–835.Crossref, Google Scholar
- . (2006) Mindfulness and the quality of organizational attention. Organ. Sci. 17(4):514–524.Link, Google Scholar
- . (1968) The theory of syndicates. Econometrica 36(1):119–132.Crossref, Google Scholar
- . (2007) Managing the future: CEO attention and innovation outcomes. J. Marketing 71(4):84–101.Crossref, Google Scholar
- . (1997) Introduction: CHESS and competing in the age of digital convergence. , Yoffie DB, ed. Competing in the Age of Digital Convergence (Harvard Business School Press, Boston), 1–36.Google Scholar
- . (2002) Communicative action and corporate annual reports. J. Bus. Ethics 41(1):141–157.Crossref, Google Scholar

