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This study investigates how a business owner’s human and social capital affects start-up absorptive capacity under different environmental conditions. From an analysis of a sample of 199 Flemish start-ups, the study observes that the owners’ start-up experience and bridging social capital are positively and significantly related to the new venture’s ability to acquire, assimilate and exploit external information. In addition, the findings reveal a positive but decreasing effect of owner-specific human capital as a function of environmental turbulence. Furthermore, the study finds that management experience significantly stimulates start-up absorptive capacity within highly dynamic environments, whereas it hinders it within stable environments. Finally, implications of the study and opportunities for future research are provided. [ABSTRACT FROM PUBLISHER]

This study examines the role and contribution of specific internally (knowledge diversity and sharing capabilities) and externally oriented knowledge-related capabilities (exploratory, transformative, and exploitative learning processes of absorptive capacity) to radical product innovation in small and medium-sized enterprises (SMEs). It extends the current literature on the topic by considering both types of knowledge-related capabilities and by hypothesizing and testing connections between both. Our path analysis results, based on a sample of 194 SMEs in dynamic environments, indicate that radical innovation is positively affected by exploitative learning and by the knowledge sharing capability. Implications and suggestions for future research are discussed. [ABSTRACT FROM AUTHOR]

This study investigates the relationship between new venture team composition and start-up performance, measured as value added. We consecutively introduce the level and heterogeneity of team industry experience, intrinsic and extrinsic entrepreneurship motivation as potential drivers of venture value added. Using a sample of 66 teams representing 142 business founders, we observe that a team's level of industry experience and extrinsic entrepreneurship motivation significantly contribute to start-up value added, whereas intrinsic entrepreneurship motivation exhibits a negative association with value added. Additionally, our findings reveal that teams with high industry experience exert a stronger influence on start-up value added when the team's experience heterogeneity is high, whereas teams with low experience benefit from low experience heterogeneity. There appears to be no significant impact of a team's motivation heterogeneity on start-up value added. [ABSTRACT FROM AUTHOR]

The multi item single level capacitated dynamic lotsizing problem consists of scheduling N items over a horizon of T periods. Demands are given and should be satisfied without backlogging. The objective is to minimize the sum of setup costs and inventory holding costs over the horizon subject to a constraint on total capacity in each period. Three simple heuristics from literature (Lambrecht and Vanderveken, Dixon and Silver, Dogramaci, Panayiotopoulos and Adam) are compared on a large set of test problems and their difference in performance is analyzed for various problem parameters. [ABSTRACT FROM AUTHOR]

In this paper we discuss the behavior of three well-known heuristics for capacitated dynamic lotsizing (Lambrecht-Vanderveken, Dixon-Silver, Dogramaci, Panayiotopoulos and Adam) on a rolling horizon. Extensive computational results are presented for various problem parameters. For a detailed discussion of the heuristics and their behavior under static conditions, the reader is referred to Part I of this paper. [ABSTRACT FROM AUTHOR]