"Strategy and organizations scholars have long noted that young firms have higher failure rates than established firms. In his seminal paper, Stinchcombe (1965) proposed that this propensity to fail exists because young firms have not established effective work roles and relationships and because they lack a track record with outside buyers and suppliers. While there has been much debate (for a review see Baum, 1996) concerning the underlying source of the hazards facing new firms—whether a liability of newness or a liability of smallness—most of the research in this debate implicitly assumes that new entrants are typified by a lack of stable relationships and sufficient resources."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
p. 267; Lead paragraph
https://en.wikiquote.org/wiki/Joel_A._C._Baum
Revision History
No revisions have been submitted for this quote.
Categories
Joel A. C. Baum
3 quotes on TrueQuotesView all quotes by Joel A. C. Baum →
Related Quotes
"This study examined the impact of institutional linkages on the failure of child care service organizations in Metrop…"
"Until the mid-1970s, the prominent approach in organization and management theory emphasized adaptive change in organ…"
"His tact and firmness and his Catholic faith were of immense service to all in solving many complicated questions of …"
"First, to put it colloquially, the call for stronger enforcement through order making powers, the ability of the OPC …"
"Second, I agree with Commissioner Stoddart and with overlapping testimony by Professor Valerie Steeves, both of whom …"
"Finally, I also agree with those who recognize the need for meaningful consent. In particular, I agree with the four-…"
"Having reinforced these views, the majority of my remarks will focus on two of the central themes raised by this stud…"
"When PIPEDA was enacted, the dominant privacy metaphor was George Orwell’s 1984—“Big Brother is Watching you.” Strong…"
"However, technological developments in the 17 years since PIPEDA go well beyond watching. Today, I will focus on a si…"
"It is worth taking a moment to drill down with real life examples. IBM Watson is used by H&R Block to make expert dec…"