Exploring resource synergies: strategic and versatile resources in venture growth
通过分析825家新创企业的四年纵向数据，发现知识产权等战略资源必须与人力、财务等通用资源互补才能促进企业成长，并揭示了加速器等环境支持可弥补内部资源不足。
Abstract This study advances resource-based theorizing of venture growth by examining how strategic resources, particularly intellectual property (IP), interact with versatile resources like human and financial capital across different environments. Using a configurational approach and fuzzy-set qualitative comparative analysis (fsQCA) on a four-year longitudinal dataset of 825 ventures, the research identifies four distinct pathways to growth, demonstrating that IP alone is insufficient for success. Instead, growth depends on the complementary use of strategic and versatile resources. The study also highlights the critical role of environmental munificence, such as the support provided by accelerators, which can compensate for a lack of internal resources, particularly financial capital. This research reconciles inconsistencies in prior studies by showing that the interaction between different types of IP and versatile resources is essential for venture growth. It also contributes to the understanding of how environmental factors influence the effectiveness of resource portfolios. These findings offer significant implications for both entrepreneurs, who must strategically combine resources; educators, who should emphasize the importance of these resource interactions and environmental contexts in entrepreneurship curricula; and accelerator managers, who should assess ventures based on their resource portfolio and tailor support based on their specific resource needs.