Hyperspecialization and Hyperscaling: A Resource-based Theory of the Digital Firm – puts forward a theory of scalability, which describes “how the value derived from a firm’s resource bundle in a focal activity changes as the size of the bundle increases.” A firm’s resource bundle is scalable if its value per unit of output increases as the size of the bundle increases.
When Do Novel Business Models Lead to High Firm Performance? A Configurational Approach to Value Drivers, Competitive Strategy, and Firm Environment – a configurational study exploring when novelty in digital startups actually lead to better performance. They explore four themes of the business models:
- Novelty – introduce new combinations of products and services and new ways to connect customers, and partners
- Efficiency – transact in a scalable manner, removing market imperfections
- Lock-in – create switching costs to retain customers
- Complementarity – add value to the core offering by accompanying with other products and services
Is There Opportunity Without Stakeholders? A Stakeholder Theory Critique and Development of Opportunity-Actualization – when academics talk about opportunities in entrepreneurship, they just cannot avoid debating whether it is discovered or created. Adding to this conversation is the idea that opportunities are actualized, which emphasizes the role of market stakeholders.
Organizing Form, Experimentation, and Performance: Innovation in the Nascent Civilian Drone Industry – the role of communities in innovation has been oversold due to their presumed lower costs, creativity in experimenting, flexibility and ability to solve problems in a modular manner. However, in nascent industries, as this study argues, firms may be better positioned to coordinate towards more directed problem solving.