Four types of innovators: a conceptual and empirical study of new,technology-based companies as innovators

This article discusses and analyses different roles of new, technology-based companies as innovators. A taxonomy of four innovator types is constructed and discussed. The four innovator types are labelled as: paradigm innovators, technology innovatos, market innovators, and application innovators. When analysing an empirical sample of new, technology-based companies, paradigm innovators are found to be the result of a more extensive research work experience, to rely more on the incubator organization as growth t~asis and as provider of initial technology, and to be more active in exploiting external technolclgy sources. When comparing databases consisting of the spin-off companies of the Technical Research Center of Finland VTT, and Cambridge University, it is found that paradigm inntovators are relatively much more frequent in the Cambridge sample. This difference may be due to the more academic orientation of Cambridge University and the more practical, industry-related orientation of the Technical Research Center of Finland. This finding suggests that different types of research institutions tend to emit different spectres of innovating spin-off companies. More research is needed to confirm the results of this study.     

Global entrepreneurship and institutions: an introduction

This article is an introduction to the special issue from the 4th Global Entrepreneurship Monitor Research Conference held at Imperial College Business School, London, in 2010. The article has two objectives. The first is to summarize the history of the GEM consortium, some of the contributions that it has delivered, and some challenges and opportunities ahead. The second is to present a summary of the papers in the context of the utility of GEM data in comparative entrepreneurship research.     

Consuming nostalgia? The appreciation of authenticity in local food production

Many consumers consider local food a more sustainable choice than conventional food because of the shorter transport distances involved as well as the support provided to local economies. In addition, consumers value the perceived safety benefits, ethical associations and improved taste of local food. In this study, we focus on the cultural meanings of locally produced food among Finnish consumers. Based on interviews with 22 consumers, our analysis suggests that, besides consumers valuing sustainable, healthy and tasty locally produced food, they perceived self‐produced, self‐processed items, including those they have gathered, hunted and fished themselves, as the most authentic local food. Furthermore, local food is associated with craftsmanship and artisan production. We also found that interviewees tended to historicize their relationship to food through local production. Thus, consumers seem to be in search of ‘real’ or ‘true’ food that is embedded in their personal and shared social histories.     

Fluidity of places in everyday food consumption: Introducing snackscapes

Snack consumption encompasses the repetitive habits of consumers in various everyday life spaces. Despite the pervasiveness of snack consumption worldwide, the phenomenon of snacking has not been given extensive attention, unlike other areas of food consumption research. Yet, snacking shows certain distinctive features, such as fluidity of places. This study leans on foodscape literature and introduces the concept of snackscape, which enables us to showcase the multiplicity of places in snacking culture. While prior foodscape studies are located in certain tangible places, such as urban surroundings, festival sites or particular geographical areas, snackscapes demonstrate how snacks may be consumed, for instance, on the move from one place to another, or in a variety of places that are not part of one's ordinary routines, such as on a picnic or a holiday trip to a foreign country. The findings show how places of habitual snack consumption vary from time to time—or are even on the move. This is a powerful demonstration of how a routine‐like consumption practice takes place in everyday life. This study also highlights important consumer policy issues, especially in regard to young consumers and their snacking habits. Thereby, the study brings forward the agentic capacity of snackscapes having implications on engaging in healthier snack consumption.     

Taking part in technology education: elements in students’ motivation

The purpose of this study was to determine the elements motivating comprehensive school students to study technology education. In addition, we tried to discover how students' motivation towards technology education developed over the period leading up to their school experience and the effect this might have on their future involvement with technology. The research was carried out as a qualitative case study and the material was collected through individual theme interviews. The study group consisted of four 15 to 16-year-old students, each representing a totally different case of motivation towards technology education. In choosing individuals for the study the main criteria were gender and negative or positive motivation towards technology education. This study found that the artefact to be made in school and the student’s freedom of choice had the most significant effect on motivation. Although, we must be careful with final conclusions as the research group was relatively small.     

Knowledge relatedness and post-spin-off growth

In this article, we examine the effects of knowledge relatedness on the post-spin-off growth of firms spun off from industrial parent firms. We predict that growth is maximized when the knowledge base of the spin-off firm partially overlaps with that of its parent. This effect is due to learning: both too small and too great an overlap will inhibit growth, the first because limited knowledge overlap hampers local search and knowledge assimilation and the second because great knowledge overlap hampers the creation of novel knowledge combinations. The propositions are tested and confirmed using a sample of 54 industrial spin-off firms from Finland.     

Consumer ethoses in Finnish consumer life stories – agrarianism,economism and green consumerism

This article examines Finnish consumer ethoses and the moral rules that include them. We argue that Finnish consumers legitimize their consumer and spending practices, and constitute themselves as moral agents through three culturally dominant and historically constructed consumer ethoses: agrarianism, economism and green consumerism. The material of the study consists of 53 consumer life stories collected between September 2006 and May 2007 using a writing competition. Through our material, we are able to illustrate how consumers negotiate, produce, transform and contest these three ethoses. We interpret life stories as socially constructed stories. Thus, our aim is to analyse the culturally shared and historically transformed meanings, rather than to reveal the motives or intentions of the individual consumer.     

Corporate venture capital and the balance of risks and rewards for portfolio companies

This paper contributes to the literature on corporate venture capital (CVC) by examining the management of CVC investments from the perspective of the investee firm. We focus on the trade-off between social interactions and relationship safeguards and examine their effects on the twin relationship outcomes of learning benefits and risks. The model is tested using data collected from CEOs of U.S. technology-based new firms receiving CVC funding. Complementarities between the investee firm and its CVC investor are positively related to the level of social interaction and negatively related to the use of different types of relationship safeguards by the investee firm. The use of safeguards is further negatively related to both realized relationship risks and social interaction. Social interaction is positively related to realized learning benefits. These findings highlight the fine balance that the investee firm has to strike between openness and self protection in a CVC relationship. Implications for future research and current practice are discussed.     

‘Atomistic’ and ‘Systemic’ Approaches to Research on New,Technology-based Firms: A Literature Study

The dominating view of new, technology-based firms is that these firms are driven by a heroic entrepreneur who pursues aggressive growth. New, technology-based firms are expected to sooner or later develop tangible products with which new market niches are created and existing ones penetrated. Often the only perceived economic impact of new, technology-based firms is one delivered through rapid organic growth.The argument put forward in the present article is that the conception of new, technology-based firms as growth dynamos is largely misleading and partly the result of the growth bias in the traditional research on new, technology-based firms. In the present article, ten general misconceptions and more or less explicit assumptions of the traditional body of research on new, technology-based firms are contested. Alternative conceptions to replace the traditional ones are proposed. The policy implications of the new conceptions are discussed.