Looking for a blue bird
Founding and business building process of a Japanese venture firm
##article.authors##
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Nobuyuki Inamizu
Graduate School of Economics, University of Tokyo
https://orcid.org/0000-0002-2840-6139
https://orcid.org/0000-0002-2840-6139
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Fumihiko Ikuine
Chuo Graduate School of Strategic Management
https://orcid.org/0000-0001-6924-4343
https://orcid.org/0000-0001-6924-4343
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Hidenori Sato
Faculty of Business Sciences, University of Tsukuba
https://orcid.org/0000-0001-5382-1695
https://orcid.org/0000-0001-5382-1695
DOI:
https://doi.org/10.51094/jxiv.229Keywords:
organizational routines, distant search, local search, new business creation, ICTAbstract
This study examines the behavior of entrepreneurs and process of innovation focusing on the role of routines. Based on the detailed case study of a Japanese venture firm, we shed a light on the new aspects of routines for creating business.
The following two points have been pointed out in the existing studies on organizational routine. First, proficiency with an existing routine makes it difficult to explore new fields (distant search) (Levitt & March, 1988; March, 1991). Second, distant search tends to cause the existing routines to be lost, much less creating new routines by merging the existing routines with the results of distant search (Gavetti & Levinthal, 2000; Levinthal and Rerup, 2006). Through a successful case of a venture firm, Kimura Information Technology Co., Ltd. (KIT), this study shows that (1) proficiency with existing routines may encourage distant search and that (2) it is possible to create a business with a competitive advantage by merging the results of distant search with existing routines. Finally, this study discusses how entrepreneur’s routines affect the process of new business creation and presents new insights into the existing studies.
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Submitted: 2022-12-12 02:21:32 UTC
Published: 2022-12-12 08:43:19 UTC
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Copyright (c) 2022
Nobuyuki Inamizu
Fumihiko Ikuine
Hidenori Sato
This work is licensed under a Creative Commons Attribution 4.0 International License.
