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The Relationship between the Quality of the Idea and the Strategic Potential of a New Venture: A Longitudinal Study of Five Irish Campus Companies

Author

Listed:
  • Patricia F. Kavanagh

    (UCD Graduate Business School, Ireland)

  • Robert D. Hisrich

    (Thunderbird School of Global Management, USA)

Abstract

This paper explores the relationship between the quality of the idea and the strategic potential of five high potential UCD campus companies over a seven-year period. Based on previous research, a framework and model was created and employed as a base for company analysis and comparisons. The findings of this longitudinal study support the existence of a dynamic relationship between the quality of idea and the strategic potential, of new ventures. Over time, constant changing and exploitation of the quality of the idea by the entrepreneur to create systematic differentiation resulted in dramatic changes to the strategic potential of the business.

Suggested Citation

  • Patricia F. Kavanagh & Robert D. Hisrich, 2010. "The Relationship between the Quality of the Idea and the Strategic Potential of a New Venture: A Longitudinal Study of Five Irish Campus Companies," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 8(3), pages 261-284.
    • Handle: RePEc:mgt:youmgt:v:8:y:2010:i:3:p:261-284
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    Cited by:

    1. Dan Cohen & Dan K. Hsu & Rachel S. Shinnar, 2021. "Identifying innovative opportunities in the entrepreneurship classroom: a new approach and empirical test," Small Business Economics, Springer, vol. 57(4), pages 1931-1955, December.

    More about this item

    Keywords

    quality of idea; strategic potential; entrepreneurial opportunities;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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