An “extra life” for the arcade? Entrepreneurship, hybridization, and industry renewal

Philip Roundy

Journal of Business Venturing Insights, 2020, vol. 14, issue C

Abstract: Entrepreneurs pursue opportunities in a variety of contexts. Research has focused on opportunity creation and recognition in new and emerging industries. However, how entrepreneurs pursue opportunities in struggling industries at the end of their lifecycles is not clear. To investigate this phenomenon and induce an empirically grounded theoretical model that explains how it unfolds, this study examined the case of the U.S. arcade industry – an industry that despite precipitous declines has experienced a recent and unexpected rebirth through entrepreneurial activity. The findings contribute to research on entrepreneurship in unmunificent environments and suggest that dying industries contain the seeds for renewal through entrepreneurship and business model hybridization.

Keywords: Venture creation; Business model innovation; Industry renewal; Organizational authenticity (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:14:y:2020:i:c:s2352673420300342

DOI: 10.1016/j.jbvi.2020.e00178

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