How Technology and Entrepreneurship are Shaping the Development of Industries and Companies
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Edited by François Thérin
Chapter 15: Nascent technology entrepreneurship supply chain emergence
The emergence of a new technology and the entrepreneurial ventures seeking to commercialize it are intimately entwined. A technological breakthrough provides opportunities for entrepreneurs to exploit nascent innovations (Schumpeter, 1942), while entrepreneurship can catalyze the creation of new technologies (Acs and Varga, 2005). However, neither can ensure the existence of the upstream suppliers and downstream customers on which successful new ventures depend. In fact, supply chain integration is critical to the survival of a new technology venture (Song et al., 2008), but during the emergence of a new technology, this supply chain may not exist. Therefore, the development of a supply chain, either by adapting existing relationships or building new ones, is critical for both a nascent technology and related entrepreneurship. A radical technological breakthrough can also influence multiple industries (Astley, 1985; Tushman and Anderson, 1986). In these cases, the breakthrough also opens up opportunities for entrepreneurship in multiple industries. However, little research has examined how a technological breakthrough influences entrepreneurship across multiple industries (Woolley, 2010). This is particularly important when a cohesive supply chain for the nascent technology has not formed. And although our understanding of entrepreneurship and operations management has become more integrated, neither of these literatures has developed an understanding of how technology, entrepreneurship and a supply chain co-evolve. This chapter integrates these perspectives to create a framework for further understanding techno-entrepreneurship.
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