Monday, March 26, 2018

Department Seminar Series - Bart Clarysse - ETH Zurich - April 10th 2018

The Management Department
Department Seminar Series

ETH Zurich

 Tuesday, April 10th 2018
   Room N231 at 10:00 am (5.00 p.m in Singapore)

Theme“Sowing the Seed of Failure: Organizational Identity Dynamics in New Venture Evolution”

   Abstract: “New ventures in nascent markets often morph from one organizational form to another, while still developing their organizational identity. We study how the organizational identity of a new venture co-evolves with such a process of continuous morphing. To shed light on this process, we conduct an in-depth longitudinal field study of a new venture developing a technology to transform Internet websites for mobile devices. The venture morphs from one organizational form to another successfully once, but fails in its second attempt to pivot. Comparing the successful and the unsuccessful change, we find that the successful morphing relies on the ability to crystallize the role identities of organizational members in line with organizational identity. However, as an unintended consequence, the role identities rigidify and inhibit further adaptation. The explanation lies in the surprisingly strong influence of one stakeholder: the venture capitalist that provides resources to the firm. Through involvement in co-development of the business model, recruitment, and the implementation of routines, the committed venture capitalist accelerates the crystallization of role identities, yet that also leads to an inflexible organizational identity, which inhibits subsequent change.”

   Keywords: organizational identity, organizational form, role identity, entrepreneurial processes,
   venture capital, new venture growth