Strategies for Scaling-Up: Addressing Changing Nature of Challenges Over a Venture’s Lifecycle

New ventures face the liability of newness, intense uncertainty, and a lack of resources, and numerous barriers to their growth and viability. Such challenges include but are not limited to assembling resources quickly, managing transactions and relationships with others, protecting intellectual property, and commercializing products. One intriguing element of such challenges is that their relative importance and intensity could well vary substantially with the new venture’s life cycle. Our goal is to discuss how various challenges faced by entrepreneurs and their ventures change over time - and in complex and uncertain business contexts - thereby helping scholars gain deeper insights into strategy formulation and implementation as a whole. To that end, we aim to bring together several eminent scholars in our field to discuss and deliberate timely and fundamental issues in new venture growth and development, and provide a glimpse of what the near future holds in the academic research in this discipline. Build or Buy? Venture Scaling Strategies and Innovation Outcomes Author: David Hsu; The Wharton School, U. of Pennsylvania Product market choices of entrepreneurial ventures: the role of prior experience Author: Anu Wadhwa; Imperial College Business School Is the Sharing of War Stories Effective Entrepreneurship Training Me Author: Reddi R. Kotha; Singapore Management U. Remedies for growing pains: how venture ceos resolve organizational conflicts with new professional Author: Sam Garg; ESSEC Business School Legitimacy buffers: how ventures maintain stakeholder support in the face of operational legitimacy Author: Alex Michael Murray; U. of Oregon