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Kanda, W., Klofsten, M., Bienkowska, D., Henry, M. & Hjelm, O. (2024). Challenges of circular new ventures: An empirical analysis of 70 cases. Journal of Cleaner Production, 442, Article ID 141103.
Open this publication in new window or tab >>Challenges of circular new ventures: An empirical analysis of 70 cases
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2024 (English)In: Journal of Cleaner Production, ISSN 0959-6526, E-ISSN 1879-1786, Vol. 442, article id 141103Article in journal (Refereed) Published
Abstract [en]

The challenges encountered by established firms transforming their linear business models into circular business models (CBMs) have received extensive research attention. Such firms have experience and market foothold but tend to adopt an incremental approach to CBMs due to risks of business model cannibalization. However, there is relatively limited research on the challenges experienced by new ventures developing CBMs from scratch – circular new ventures. New ventures are often agile, experimental and deploy disruptive CBMs even though they lack resources. The lack of knowledge specific to this topic is constraining for entities such as incubators and accelerators that seek to facilitate the emergence and scale-up of circular new ventures. Furthermore, researchers cannot presume that the challenges experienced by established firms are the same for new ventures when developing CBMs. Thus, the aim of this article is to explore the challenges that new ventures experience while developing circular business models from scratch, synthesize the sources of these challenges and provide practitioner implications to overcome them. In doing so, we studied 70 circular new ventures across Europe. Our article makes four original contributions to the literature. First, our study is seminal in using a large cross-country dataset to qualitatively analyse the empirical challenges of new ventures developing circular business models. Second, we identify which challenges are generic for CBMs, which challenges are specific for certain CBM types and for circular new ventures in particular. Third, we show that the challenges of circular new ventures are determined by their: (i) type of circular business model, (ii) industrial sector, (iii) institutional context, and (iv) new ventures liabilities. Altogether, we highlight that while circular new ventures and new ventures experience several similar challenges, circular new ventures particularly struggle to scale-up due to their liabilities of newness and smallness which limits their resources and legitimacy to enter strategic partnerships crucial for new venture survival.

Place, publisher, year, edition, pages
Elsevier, 2024
Keywords
Circular economy Entrepreneurship Barriers Circular business model Circular start-ups
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-200862 (URN)10.1016/j.jclepro.2024.141103 (DOI)
Available from: 2024-02-12 Created: 2024-02-12 Last updated: 2024-02-13
Löfsten, H. & Klofsten, M. (2024). Exploring dyadic relationships between Science Parks and universities: bridging theory and practice. Journal of Technology Transfer
Open this publication in new window or tab >>Exploring dyadic relationships between Science Parks and universities: bridging theory and practice
2024 (English)In: Journal of Technology Transfer, ISSN 0892-9912, E-ISSN 1573-7047Article in journal (Refereed) Epub ahead of print
Abstract [en]

This paper delves into the dyadic relationships between Science Parks (SPs) and universities from the perspective of SPs. It explores various dimensions, including organizational functions, co-location, collaboration, management team activities, partnerships, and connections with university students and senior academics. A survey of 120 European SPs underscores the significance of having the University-Industry Liaison Office within the SP, fostering increased collaboration with the local university, providing career opportunities for university students, and promoting alumni network activities. Additionally, the proximity of universities and research institutions within a 50 km radius positively impacts the relationships between SPs and universities. Additionally, the paper offers several managerial implications. Establishing communication channels between SP management and universities fosters an environment that boosts the open exchange of ideas, collaborative discussions, and problem-solving. The alignment of SPs and universities' goals and objectives, particularly in areas such as research themes, industry partnerships, technology transfer, and talent development, further solidifies the mutually advantageous nature of these relationships, establishing a strong foundation for their enhancement. Within the SP environment, universities can closely collaborate with businesses, start-ups, and entrepreneurs, promoting innovation, commercializing research findings, and incubating spin-off ventures.

Place, publisher, year, edition, pages
Springer, 2024
National Category
Media and Communications Economics and Business
Identifiers
urn:nbn:se:liu:diva-200896 (URN)10.1007/s10961-024-10064-y (DOI)001159447300001 ()
Note

Funding: Chalmers University of Technology

Available from: 2024-02-15 Created: 2024-02-15 Last updated: 2024-02-23
Yildiz, H. E., Murtic, A., Morgulis-Yakushev, S. & Klofsten, M. (2024). Individual-level absorptive capacity: Unveiling the interplay between dispositions and work context. Technovation, 131, Article ID 102965.
Open this publication in new window or tab >>Individual-level absorptive capacity: Unveiling the interplay between dispositions and work context
2024 (English)In: Technovation, ISSN 0166-4972, E-ISSN 1879-2383, Vol. 131, article id 102965Article in journal (Refereed) Published
Abstract [en]

While extant literature conceptually recognizes individuals as an integral part of the process with which organizations absorb new knowledge, past research has paid limited attention to the antecedents of individual-level absorptive capacity. In this paper, we address this research gap. We build on the interactionist perspective and propose that individual-level absorptive capacity is shaped by the joint effects of individual employees’ dispositions (i.e., need for cognition and proactive personality) and their work context (i.e., time pressure and autonomy). Significantly, we also recognize the multidimensional nature of absorptive capacity, which suggests that individuals need different capabilities to learn and utilize new knowledge in their organizations. We test our predictions using a unique dataset from 646 employees working on knowledge-intensive tasks. Our results show that the joint effects of dispositional and contextual antecedents are not uniform across different dimensions of individual-level absorptive capacity.

Keywords
Absorptive Capacity; Autonomy; Interactionist perspective; Need for Cognition; Proactive personality; Time pressure
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-200596 (URN)10.1016/j.technovation.2024.102965 (DOI)
Available from: 2024-02-01 Created: 2024-02-01 Last updated: 2024-02-01
Klofsten, M., Kanda, W., Bienkowska, D., Bocken, N., Mian, S. & Lamine, W. (2024). Start-ups within entrepreneurial ecosystems: Transition towards circular economy. International Small Business Journal
Open this publication in new window or tab >>Start-ups within entrepreneurial ecosystems: Transition towards circular economy
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2024 (English)In: International Small Business Journal, ISSN 0266-2426, E-ISSN 1741-2870Article in journal (Refereed) Epub ahead of print
Abstract [en]

This article explores the role of start-ups within entrepreneurial ecosystems in driving the transition towards a circular economy. It emphasises the importance of understanding and supporting circular start-ups for broader sustainability impacts. Unlike established firms, start-ups can readily adopt ambitious circular business models (CBMs) without the risk of business model cannibalisation and with the agility to adapt to market trends. CBMs enhance value creation, delivery and capture resource flows in an optimised non-linear fashion. Scaling up CBMs is crucial for overall economic, social and environmental benefits. Hence, leveraging the key entrepreneurial ecosystems actors, such as universities, business incubators and related venture development intermediaries, is vital for start-up support. In this special issue, we have invited researchers to submit contributions that delve into the dynamics among start-ups, entrepreneurial ecosystems and the circular economy, aiming to enrich our understanding of the early stage start-up development process with the aim of promoting the circular economy at a firm, regional or national level.

Place, publisher, year, edition, pages
Sage Publications, 2024
Keywords
circular start-up, scale-up, circular ecosystem, business ecosystem, circular business model, product-service systems
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-200867 (URN)10.1177/02662426241227520 (DOI)001160565100001 ()
Note

Funding agencies: The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: We are grateful for financial support from FORMAS – A Swedish research council for sustainable development (Grant number – 2020-00815) for funding our project “Entrepreneurial ecosystems for start-ups developing circular business models” that has made this special issue possible.

Available from: 2024-02-13 Created: 2024-02-13 Last updated: 2024-02-27
Murtic, A., Klofsten, M., Germain-Alamartine, E., Yildiz, H. E. & Cero, E. (2024). Strategies to Enhance Knowledge Transfer: Lessons from a Multinational Corporation. Research technology management, 67(1), 34-46
Open this publication in new window or tab >>Strategies to Enhance Knowledge Transfer: Lessons from a Multinational Corporation
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2024 (English)In: Research technology management, ISSN 0895-6308, E-ISSN 1930-0166, Vol. 67, no 1, p. 34-46Article in journal (Refereed) Published
Abstract [en]

 To maximize the rent-yield of the innovation and product development process, firms attempt to commercialize knowledge through activities that require effective knowledge transfer. Knowledge transfer remains a challenge for most firms, however, due to the recipient organization’s lack of ability to absorb and apply new knowledge. We examined four knowledge-transfer projects within a large multinational corporation. We identified important actions, lessons learned, and recommendations that practitioners can use to enhance their own knowledge-transfer processes.

Place, publisher, year, edition, pages
Taylor & Francis, 2024
Keywords
Multi-level knowledge transfer; Multi-stage knowledge transfer; Knowledge transfer model; Knowledge management; Absorptive capacity
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-200344 (URN)10.1080/08956308.2023.2275506 (DOI)001143264800007 ()
Available from: 2024-01-22 Created: 2024-01-22 Last updated: 2024-02-09
Sanz, L., Klofsten, M., van Dinteren, J. & Jansen, P. (2023). A taxonomy of organised innovations spaces. European Commission Joint Research Centre
Open this publication in new window or tab >>A taxonomy of organised innovations spaces
2023 (English)Report (Other academic)
Place, publisher, year, edition, pages
European Commission Joint Research Centre, 2023. p. 45
National Category
Other Social Sciences
Identifiers
urn:nbn:se:liu:diva-198577 (URN)10.2760/628200 (DOI)9789268076378 (ISBN)
Available from: 2023-10-18 Created: 2023-10-18 Last updated: 2023-12-12Bibliographically approved
Kanda, W., Bienkowska, D., Klofsten, M., Marvin, H. & Hjelm, O. (2023). Challenges of start-ups developing circular business models. In: L. Pereira, P. Krus & M. Klofsten (Ed.), Proceedings of IDEAS 2022 - An InterdisciplinaryConference on Innovation, Design, Entrepreneurship, and Sustainable Systems.: . Paper presented at IDEAS 2022: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems, São Paulo, Brazil, 28-30 Nov, 2022 (pp. 139-148). Springer
Open this publication in new window or tab >>Challenges of start-ups developing circular business models
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2023 (English)In: Proceedings of IDEAS 2022 - An InterdisciplinaryConference on Innovation, Design, Entrepreneurship, and Sustainable Systems. / [ed] L. Pereira, P. Krus & M. Klofsten, Springer, 2023, p. 139-148Conference paper, Published paper (Refereed)
Abstract [en]

The circular economy aims for an effective and efficient resource use. Thus, application of the concept can benefit the sustainability performance of companies. Specifically, business modelling is a key enabler for the transition to a circular economy. However, the related research is dominated by a focus on incumbent companies and their transition from linear to circular business models. This focus risks missing out on actors such as start-ups who can experiment with and develop potentially more radical circular business models. Thus, using interviews with 37 start-ups developing circular business models, we analyzed their characteristics and challenges. Our findings reveal that, such firms encounter general challenges related to circular business modelling and new venture development. Furthermore, such start-ups are often dependent on an ecosystem of actors to create, deliver and capture value based on circular principles. Thus, they encounter challenges to scale up their business based on their liabilities of smallness and dependency. Altogether, these challenges of “circular start-ups” call for a holistic approach to understanding their development process.

Place, publisher, year, edition, pages
Springer, 2023
Keywords
Circular Economy (CE); Entrepreneurship; Barriers
National Category
Other Social Sciences
Identifiers
urn:nbn:se:liu:diva-189601 (URN)10.1007/978-3-031-29129-6_13 (DOI)978-3-031-29129-6 (ISBN)978-3-031-29128-9 (ISBN)
Conference
IDEAS 2022: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems, São Paulo, Brazil, 28-30 Nov, 2022
Available from: 2022-10-28 Created: 2022-10-28 Last updated: 2023-04-25Bibliographically approved
Kanda, W., Bienkowska, D. & Klofsten, M. (2023). New Ventures and Circular Business Models – Overcoming the Liabilities of Newness. In: : . Paper presented at 43rd Babson College Entrepreneurship Research Conference (BCERC), Knoxville, US, June 7 - 10, 2023.
Open this publication in new window or tab >>New Ventures and Circular Business Models – Overcoming the Liabilities of Newness
2023 (English)Conference paper, Oral presentation with published abstract (Other academic)
Abstract [en]

This study is an in-depth exploration of the growth and development processes of circular new ventures. A unique data set followed 70 such ventures longitudinally between 2021 and 2023. One observation is that new ventures tend to take an experimental approach when developing their circular business models to address the real needs of potential customers and capture value based on circularity. Another is that, from their inception, these ventures have an active interest in becoming part of a business ecosystem. Challenges of circular new ventures related to their liabilities of newness include their limited resources, lack of networks and legitimacy which makes it difficult for such ventures to secure strategic partnerships. Thus, contrary to expectations of rapid scale-up, circular new ventures often must partner with and grow slowly with other small and new ventures. 

National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-195715 (URN)
Conference
43rd Babson College Entrepreneurship Research Conference (BCERC), Knoxville, US, June 7 - 10, 2023
Funder
Swedish Research Council Formas, 2020-00815
Available from: 2023-06-25 Created: 2023-06-25 Last updated: 2023-06-28Bibliographically approved
Luciana, P., Krus, P. & Klofsten, M. (Eds.). (2023). Proceedings of IDEAS 2022: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems. Paper presented at IDEAS: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems. Springer
Open this publication in new window or tab >>Proceedings of IDEAS 2022: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems
2023 (English)Conference proceedings (editor) (Refereed)
Abstract [en]

This book explores the cutting-edge ideas that are shaping the future of innovation, design, entrepreneurship, and sustainability. The proceedings of the interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems offer new perspectives on these topics. This book navigates the most recent research trends and practices, and gains unique insights on how to address innovation, design, and entrepreneurship on a sustainable basis. This book is an essential reference for anyone interested in staying up to date on the latest research, whether they are academics, designers, entrepreneurs, or sustainability enthusiasts. Get your copy now and take part in the debate about the future of sustainable innovation.

Place, publisher, year, edition, pages
Springer, 2023. p. 338
Series
Design Science and Innovation, ISSN 2509-5986, E-ISSN 2509-5994
Keywords
Innovation, design, entrepreneurship, and sustainable systems
National Category
Design
Identifiers
urn:nbn:se:liu:diva-193165 (URN)10.1007/978-3-031-29129-6 (DOI)9783031291289 (ISBN)9783031291296 (ISBN)9783031297113 (ISBN)
Conference
IDEAS: Interdisciplinary Conference on Innovation, Design, Entrepreneurship, and Sustainable Systems
Available from: 2023-04-18 Created: 2023-04-18 Last updated: 2023-04-27Bibliographically approved
Germain, E., Klofsten, M., Löfsten, H. & Mian, S. (2023). Science parks as key players in entrepreneurial ecosystems. R&D Management, 53(4), 603-619
Open this publication in new window or tab >>Science parks as key players in entrepreneurial ecosystems
2023 (English)In: R&D Management, ISSN 0033-6807, E-ISSN 1467-9310, Vol. 53, no 4, p. 603-619Article in journal (Refereed) Published
Abstract [en]

This study explores the crucial role of modern science parks in the creation, development, and management of entrepreneurial ecosystems. Thus, it has developed a conceptual framework for analysing the role that science parks could have in developing an entrepreneurial ecosystem. We interviewed several stakeholders in the entrepreneurial ecosystem oriented towards sustainable production. The study design comprises three levels of analysis: 27 nodes, 7 themes, and 3 aggregate dimensions. While a science park can play a key role in creating, developing, and managing an entrepreneurial ecosystem, we find that its success largely depends on the level of cooperation among the key stakeholders. This study provides new insights into (i) how we can better comprehend the emergence of linkages to develop entrepreneurial ecosystems and (ii) how science park managers and regional policymakers can better examine the role of key stakeholders in envisioning, configuring, and enabling regional entrepreneurial ecosystems. When studying science parks, it is important to use a holistic approach, focusing on the key players in the entrepreneurial ecosystem – science parks and their stakeholders – and knowing how and when to intervene.

Place, publisher, year, edition, pages
Chichester, United Kingdom: John Wiley & Sons, 2023
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-185645 (URN)10.1111/radm.12536 (DOI)000806312400001 ()
Note

Funding: Swedens innovation agency VINNOVA; Helix Competence Centre at Linkoping University

Available from: 2022-06-07 Created: 2022-06-07 Last updated: 2023-12-05Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0002-5960-9270

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