Date/Time: Wednesday 1 February 2017, 16:00-18:00
Venue: Room 4.23, Newcastle University Business School
Speaker: Professor Paul Tracey, Judge Business School, University of Cambridge
During this seminar Professor Paul Tracey will draw on institutional theory to study a common type of new venture creation that has been neglected in the literature: the translation and legitimation of an organizational form from a different – and misaligned – institutional context.
To do so an an in-depth case study of H-Farm was conducted - an Italian venture that was founded as a digital business incubator, a type of organization that first emerged in Silicon Valley and other US technology regions. The study contributes to the growing literature on legitimation and new venture creation by illuminating the three-way legitimacy challenge – local acceptance, versus category conformity, versus category distinctiveness – inherent in this type of new venture creation, and uncovering the strategies that entrepreneurs can enact to address it.
The seminar will also shed light on the temporal nature of new venture creation by showing that the legitimacy pressures experienced by entrepreneurs may vary significantly as ventures mature, and challenge the notion, prominent in the literature, of a specific “legitimacy threshold” that new ventures are required to reach.
Finally, unlike much of the existing literature, this model theorizes translation as an iterative, dynamic and ongoing accomplishment rather than a “one off” activity with clear beginning and end points.
Research group: Strategy, Organisations and Society