Pinar Ozcan, Professor of Entrepreneurship and Innovation Saïd Business School, University of Oxford
Effective resource management is a crucial strategic issue for new ventures, not least because they start with few resources. Yet, although prior literature has pointed to the diversity of resource types and resource configurations open to new ventures, few studies have examined how entrepreneurs prioritise between different resources when they structure an initial resource portfolio. Based on a multiple-case, longitudinal, qualitative study of ten new ventures (ie fintechs) in the banking sector, we show the trade-off choices implicated in resource management strategies and the impacts of these choices on venture growth over time. Our findings advance theory on the resource-based view in strategic management by introducing the importance of sequencing in resource accumulation for new ventures, highlighting the trade-off decisions facing new ventures, the consequences of interdependence between different types of resources for venture growth and more broadly, advancing our understanding of entrepreneurship in regulated markets.