Frequently, these people embody a large amount of the experience, which is--alongside the buying firm's organizational knowledge and experience--important for developing NVPC. In cases in which the buying firm had little experience with new ventures in general or little experience with the new venture's specific technology, principal decision makers are critical in that they take responsibility for the selection and management of new venture suppliers.
Yet, our findings show that, for example, the two firms possessing a developed NVPC refrained from aggressively exercising power over the new venture.
Based on the analyses of the individual variables in our model, we conceptualized NVPC as the buying firm's capacity to account appropriately for a new venture's characteristics and specifics in the evaluation, development, communication, and governance of suppliers.
In our sample, BF-2 is a firm that managed the relationship with NV-2 very effectively in terms of overall NVPC. BF-2 is a leader in its industry with a history of collaborating with new ventures.
In a 2001 study prepared for Research for Democracy, a joint project of Temple University Center for Public Policy and Eastern Pennsylvania Organizing Project, Philadelphia, entitled Blight Free Philadelphia: A Public-Private Strategy to Create and Enhance Neighborhood Value, the NVPC
noted that "Houses within 150 feet of a neglected vacant property experienced a net loss of value of $7,267.