Abstract
This study is based on the configuration approach and argues that the new technology‐based venture's performance depends on how well the entrepreneur's resources allow the chosen technology strategy to be executed, in other words, the fit between the resources and the strategy. The authors study this idea by using a sample of 175 Spanish new technology‐based ventures. The results indicate that the fit between the chosen technology strategy and the entrepreneur's resources explain the firm's performance, when this is measured through foreign market performance. That fit is also related to the technology‐based firm's financial results and generic and domestic performance.
The authors acknowledge financial support from the Ministerio de Economía, Industria y Competitividad [ECO2016‐80518‐R].
The authors acknowledge financial support from the Ministerio de Economía, Industria y Competitividad [ECO2016‐80518‐R].
Notes
The authors acknowledge financial support from the Ministerio de Economía, Industria y Competitividad [ECO2016‐80518‐R].
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Notes on contributors
Antonia Mercedes García‐cabrera
Antonia Mercedes García‐Cabrera is Professor of Business Administration in the Department of Business Administration at the Universidad de Las Palmas de Gran Canaria.
María Gracia García‐soto
María Gracia García‐Soto is Associate Professor of Business Administration in the Department of Business Administration at the Universidad de Las Palmas de Gran Canaria.
Arístides Olivares‐mesa
Arístides Olivares‐Mesa is Associate Professor of Business Administration in the Department of Business Administration at the Universidad de Las Palmas de Gran Canaria.