Repository logo
 

Fish out of water: translation, legitimation and new venture creation

Accepted version
Peer-reviewed

No Thumbnail Available

Type

Article

Change log

Authors

Tracey, PJ 
Dalpiaz, E 
Phillips, N 

Abstract

We draw on institutional theory to study a common type of new venture creation that has been neglected in the literature: the translation of an existing organizational form from a different – and misaligned – institutional context. To do so we conducted an in-depth case study of H-Farm, an Italian venture that was founded as a business incubator, a type of organization that first emerged in Silicon Valley and other US technology regions. Our study illuminates the specific configuration of legitimacy pressures inherent in this type of entrepreneurship, and theorizes the strategies that entrepreneurs can enact to address them: local authentication work, category authentication work, and dual optimal distinctiveness work. We also show that the legitimacy pressures experienced by entrepreneurs may vary significantly as ventures mature, and challenge the notion of a specific “legitimacy threshold” that new ventures are required to reach. Finally, our model conceptualizes translation as an iterative, dynamic and ongoing accomplishment rather than a “one off” activity with clear beginning and end points.

Description

Keywords

3505 Human Resources and Industrial Relations, 35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour

Journal Title

Academy of Management Journal

Conference Name

Journal ISSN

0001-4273
1948-0989

Volume Title

61

Publisher

Academy of Management