Dear Jacob,
In below reference, we applied four methodologies to rank and classify entrepreneurial firms. The data collected from 59 Dutch start-ups, and the results of the four methodologies were compared with each other.
I hope it would be helpful!
Regards,
Jafar
Jafar Rezaei,
Faculty of Technology, Policy and Management
Delft University of Technology
PO Box 5015, 2600 GA Delft, the Netherlands
> Jacob,
>
> The reference that Per gives is a good one. However, there is another
> that you may want to look at as well. It is Dr. Scott Kunkel's Heizer
> Award winning 1992 doctoral dissertation - "The Impact of Strategy and
> Industry Structure on New Venture Performance" in which Kunkel analyzed
> the impact of many of the traditional industrial organization industry
> structural variables on new venture economic performance.
>
> Let me make one more suggestion as well. Expand your search to the
> field of Strategic Management. A lot of research has been done there
> related to different aspects of industry structure and its impact on
> the economic performance of all businesses - not just new ventures.
>
> In fact, one of the more interesting streams of publications in this
> area involves different books and reporsts based on the PIMS (Profit
> Impact of Market Strategy) project. Since seveal of the founders of this
> effort were economists, the term "Market" would, from our perspective,
> really mean "Business" so the PIMS project should really be called the
> PIBS project. This was a project that was originally started in the
> Genreal Electric Company in the 1960s under the direction of GE's lead
> ecomomist Dr. Sid Schoeffler and later moved outside of GE. The PIMS
> team collected over 15 years of very detailed data all of which was
> carefully checked for consistency by the staffs of the 1,500 plus
> businesses in the database. In this context, you should look up "The
> PIMS Principles: Linking Strategy to Performance," by Robert Buzzell
> and Bradley Gale, The Free Press, 1987. There are several others too.
>
> One of the MAJOR arguements of the PIMS researchers was that there was
> no such thing as "industry structure" so that the use of any industry
> atructre classification system, theoretically sound or not, is simply
> a waste of time. The basic arguement of these researchers was that what
> really matters were a small number of "strategy" and "industry structual"
> variables, such as "Product Quality" and "Capital Intensity." Using a
> small number of variables such as these, the PIMS researchers were able
> to "explain" the economoc performance of the more than 1,500 businesses
> in their database over a period of 10+ years extremely accurately. Their
> R-squares ranged from 0.60 to 0.80 or higher based on their sample of
> well over 15,000 data points. In fact, at one point, the PIMS team added
> industry structure [I do not recall the classification syatem that they
> used] to their equations and found that it [industry structure] added
> no additional explanatory power to their models.
>
> Sincerely,
> Dr. Charles Hofer
>
> ----- Original Message -----
> Sent: Friday, March 2, 2012 6:07:41 PM
> Subject: Re: [ENTREP] Industrial Classification Standard
>
> Jacob.
>
> I think this (below) would be one reference worth considering in developing
> a theoretically meaningful classification of sart-ups' varying industrial
> contexts. I do not know of an operationalization built on L & A but if you
> use Google Scholar to trace those who site them you might find earlier
> attempts of doing so (who knows?).
>
> Movements, bandwagons, and clones: Industry evolution and the
> entrepreneurial process
> Murray B. Low
> Columbia Business School USA
> Eric Abrahamson
> Columbia Business School USA
> Journal of Business Venturing
> Volume 12, Issue 6, November 1997, Pages 435–
>
>
> Best Regards,
>
> Per
>
> Per Davidsson| Professor | Director & Talbot Family Foundation Chair in Entrepreneurship, Australian Centre for Entrepreneurship Research (ACE) |
> School of Management | QUT Business School | Room Z757 | Phone:
> |CRICOS No. 00213J | Postal address: Queensland University of Technology
> |GP Room Z757 |2 George Street, GPO Box 2434 | Brisbane Qld 4001 |Australia
> ________________________________________
> Sent: Saturday, 3 March 2012 1:47 AM
> Subject: [ENTREP] Industrial Classification Standard
>
> Dear all,
>
> We are looking for an alternative to the NACE/ISIC industrial
> classification system. We want to classify entrepreneurial firms in a
> start-up phase, but feel that NACE/ISIC is too descriptive and does not
> allow for inferences on the characteristics of specific markets. We were
> thinking of bipolar segmentation dimensions such as high tech - low tech,
> new market - saturated market, etc. These kind of dimensions could be more
> relevant in studying industry preferences of (nascent) entrepreneurs.
>
> Is there anybody who worked with a classification system alike, or knows
> where to find it?
>
> Many thanks in advance, kind regards,
>
> Jacob Vermeire
>
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