Abstract
This chapter explores the sources of knowledge identified in Chap. 6, and investigates if there is a direct relationship between the importance of the factors and sources of knowledge and entrepreneurial performance. The ultimate goal of this chapter is to consider the strength of the first part of the relationship: Sources of Knowledge→Strategic Behavior→Entrepreneurial Performance. The empirical evidence supports that sources of knowledge are related to strategic behaviors.
The best time to plant a tree was 20 years ago. The second best time is now.
—Chinese proverb
A person who never made a mistake never tried anything new.
—Albert Einstein
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Notes
- 1.
We will define entrepreneurial performance in Chap. 8 in terms of metrics taken directly from the AEGIS survey.
- 2.
The AEGIS survey questions use the words company and firm as we have here.
- 3.
As an aside, this survey question could be interpreted in terms of ways that KIE textile and apparel firms enhance their dynamic capabilities. Dynamic capabilities are an organization’s “ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments” (Teece et al. 1997, p. 516). Dynamic capabilities involve “calibrating opportunities and diagnosing threats, directing (and redirecting) resources according to a policy or plan of action, and possibly also reshaping organizational structures and systems so that they create and address technological opportunities” (Teece 2014, p. 1398). Teece (2014) posits that dynamic capabilities can be broken into three organizational capacities including sensing, seizing, and continued renewal.
References
Bozeman, B., & Link, A. N. (1991). Innovative behavior in small-sized firms. Small Business Economics, 3(2), 179–184.
Teece, D. J. (2014). The foundations of enterprise performance: Dynamic capabilities and ordinary capabilities in an (economic) theory of firms. Academy of Management Perspectives, 28(4), 328–352.
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533.
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Hodges, N.J., Link, A.N. (2018). The Strategic Behavior of KIE Textile and Apparel Firms. In: Knowledge-Intensive Entrepreneurship. International Studies in Entrepreneurship, vol 39. Springer, Cham. https://doi.org/10.1007/978-3-319-68777-3_7
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DOI: https://doi.org/10.1007/978-3-319-68777-3_7
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