Many start-ups chose to compete with incumbent firms using one of two generic strategies: cost leadership or differentiation. Our study demonstrates how this choice depends on whether the startup was founded out of necessity. Our results, based on a representative data set of 4,568 German...

Firm differences can reflect resources andcapabilities that can generate competitive advantages. This analysis examineshow successful family-controlled businesses (FCBs) differ from non-FCBs andless successful FCBs. It seeks to understand competitive advantage andperformance in family-controlled...