New Venture Competitive Strategies and Performance: An Empirical Study
Abstract
This paper presents the results of a survey of 74 owner-managed small companies in Alicante (Spain), ex-ploring the existence and performance implications of new venture competitive strategies. A factor analytic pro-cedure and cluster analysis confirmed the existence of multiple strategies which new venture firms follow. Four strategic clusters of firms were uncovered: 1/ Differentiation, 2/ Innovation, 3/ Product Offering, and 4/ Aggressive Growth with Narrow Special Products. A Scheffé posteriori contrast test revealed different “performance patterns” between these clusters.
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Copyright (c) 2002 Francisco García Lillo, Bartolomé Marco Lajara
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