The role of management in dealing with new product development failures in high technology new firms (summary)
Faculty of Applied Economics
Frontiers of entrepreneurship research
, p. 517-
University of Antwerp
We extend new product development (NPD) literature by investigating how firm characteristics mitigate negative effects of NPD failures. Drawing on the Upper Echelon perspective we argue that the effective usage of firm resources required for recovering from failure is contingent on the experience of the firms top management team (TMT).