TY - GEN A1 - Stöckmann, Christoph A1 - Kensbock, Julia A1 - Urbig, Diemo T1 - Synthesizing a new conceptual and empirical understanding of ambidexterity and its effects on firm performance T2 - 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023 N2 - Ambidexterity is a wide-established and popular construct that promises to combine two seemingly opposing strategic actions—exploration and exploitation—for higher firm performance. Nevertheless, the (apparently peaceful) coexistence of two different conceptions of ambidexterity hampers a unified theoretical and empirical understanding in the field. This study introduces a new conceptual framework to study ambidexterity and its effects on firm performance. We propose that firms need to overcome two distinct types of trade-off—a trade-off in effects and a trade-off in implementing exploration and exploitation. If firms manage to be ambidextrous in effects and ambidextrous in implementing, they will achieve what we consider a higher-order synergetic ambidexterity. In addition to our theoretical framework, we provide an empirical illustration based on a commonality analysis. Our findings demonstrate how (a) independent effects of exploration and exploitation, (b) interaction effects of exploration and exploitation (representing ambidexterity in effects), and (c) shared effects of exploration and exploitation (representing ambidexterity in implementing) separately and jointly contribute to higher firm performance. We find that the highest effect on firm performance can be observed when firms are both ambidextrous in effects and ambidextrous in implementing. KW - Entrepreneurship KW - Ambidexterity Y1 - 2023 UR - https://www.researchgate.net/publication/379155820 UR - https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf ER - TY - GEN A1 - Lomberg, Carina A1 - Urbig, Diemo A1 - Stöckmann, Christoph A1 - Marino, Louis D. A1 - Dickson, Pat H. T1 - Entrepreneurial orientation: the dimensions' shared effects in explaining firm performance T2 - Entrepreneurship, Theory & Practice N2 - We shed new light on the structure of the relationship between entrepreneurial orientation (EO) and firm performance and how this relationship varies across contexts. Using commonality analysis, we decompose the variance in performance—in terms of the effects of innovativeness, proactiveness, and risk taking—into parts that are attributable to unique variations in these dimensions (unique effects) and those attributable to covariation between these dimensions (shared effects). By demonstrating the empirical relevance of unique, bilaterally shared, and commonly shared effects in a heterogeneous sample of low–tech, high–tech, and multi–sector firms, we consolidate existing conceptualizations of EO and propose an extension of the extant theoretical views of the construct. Y1 - 2017 UR - http://dx.doi.org/10.1111/etap.12237 U6 - https://doi.org/10.1111/etap.12237 SN - 1540-6520 SN - 0363-9428 VL - 41 IS - 6 SP - 973 EP - 998 ER - TY - GEN A1 - Röder, Martin A1 - Urbig, Diemo A1 - Stöckmann, Christoph A1 - Bönte, Werner A1 - Procher, Vivien D. T1 - There's no fox like an old fox: Dimensions of entrepreneurial orientation and venture closure T2 - 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023 N2 - Only a few scholars examined downsides of EO and suggest it may negatively affect survival. Previous research, which mainly focuses on mature companies, assumes that the relationship between EO and survival is constant. However, because firm characteristics and causal mechanisms change as young venture survive and grow into mature firms, the relationships between EO and survival could also change over time. We extend the EO literature by considering changing EO effects when venture grow into mature firms and by employing a multidimensional view on EO and identify isolating independent mechanisms for the influence of each dimension (i.e. innovativeness, proactiveness and risk-taking) on the survival of young ventures. While the nature of proactiveness on performance is rathe positive, risk-taking and innovativeness increases the variance of firm performance and thus the chances of failure. However, the latter can be separated according to whether the increase in variance occurs at a single point in time (risk-taking) or over time (innovation) and whether the survivors have more money or more innovations. For young firms, innovativeness and risk-taking inhibit survival, while proactiveness promotes it, so the dimensions have divergent effects. As a consequence of the attrition of young ventures, the associations of innovativeness and risk-taking reverse when they grow older. Our empirical analyses are based on panel data of 8,518 young firms. KW - Entrepreneurship KW - Survival KW - Failure KW - Entrepreneurial orientation KW - time-varying Cox proportional hazard model Y1 - 2023 UR - https://www.researchgate.net/publication/379155763 UR - https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf ER -