Tie Strength,Resource Acquisition And New Venture Growth

The growth of new ventures accelerates economic growth,their creation and development is of great significance both in theory and in practice.However,the newness weaknesses brings new ventures much environmental uncertainty and instability in the early stage,making it difficult for entrepreneurs to get all the resources required for the establishment and development of new ventures,they usually build a personal social network to get the resources,including capital,knowledge,in support of business activities.Under the Chinese culture focusing on solidarity and mutual benefits,resources driven by strong network of relationships is beyond doubt.After Granovetter's weak ties theory and Burt's focusing on network diversity,weak ties began to become the focus of entrepreneurship research and network research.While whether strong or weak,how network strength effects new ventures growth,or the middle path is still lacking of research in the existing literature.As a part of certain national social science project?,based on social network theory,resource dependence theory and entrepreneurship theory,this paper explores the type of trust under different kind of strength of network relationship,further the middle path between tie strength and the growth of new ventures,and structure the theory model of tie strength,affection-based trust,calculation-based trust,resource acquisition and new venture growth as well,suggesting that strong relationship and weak relationship respectively refers to two species of trust for middle path,promotes resources acquisition,and then effect growth of new ventures.The data used in this paper comes from common research of project team,which is 264 sample data of new ventures from Beijing,Tianjin and Hebei.Using structural equation modeling analysis with IBM SPSS20 and AMOS 20 to test our research hypothesis,data analysis methods include data quality analysis,correlation analysis,and the preliminary and correction structural equation models.We found that under the context of Chinese culture,strong ties of networks promote start-ups' access to knowledge resources and operations resources by building affection-based trust,which plays an active role on enterprise growth.Meanwhile,weak networks promote the acquisition of operations resources by building calculation-based trust,making positive effect on the growth of new ventures.Based on the results of this study,we propose corresponding management suggestions,including emphasizing the role of weak ties,enlarging the source of social network,and use trust as a relationship management mechanism.