Technology Role in Bundling and Configuration Resources in New Ventures
Ehsan Chitsaz*, Somayeh Khoshsoroor** and Gholamheidar Ebrahimbay Salami***, Micheal Song**
School of Entrepreneurship, University of Tehran*
School of Management, Harbin Institute of Technology, China**
School of Entrepreneurship, University of Tehran***
Institute of Innovation and Entrepreneurship, School of Economics and Management, Xi’an Technological University, Xi’an, China**

Abstract: In this research we tried to decipher how one bundle of resource can be leveraged to acquire another in a given surroundings’ technology. We examined the conceptual model on the performance of 812 firms established in a same year through surveys. The multi-group structural equation modeling (SEM) reports that firm performance in the private sector predicts much more by organizational resources than individual resources. Results demonstrate that the impact of financial resource on performance increase from high-tech to service and medium-tech firms. However, financial resources are not a direct predictor for performance. In high-tech firms, it could pump performance through organizational resources, whereas in medium-tech firms, it elevates performance through marketing capabilities.

Keywords: Resource Configuration, Technology, Performance, New venture.