The Semantics of Entrepreneurial Learning in New Technology-Based Firms

Marc König (), Christina Ungerer () and Guido Baltes ()
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Marc König: Lake Constance University
Christina Ungerer: Lake Constance University
Guido Baltes: Lake Constance University

A chapter in Technology Entrepreneurship, 2018, pp 3-20 from Springer

Abstract: Abstract New Technology-Based Firms (NTBFs) learn their business in the early-stages of their life-cycle. As a central element of the entrepreneurial learning process, the business model describes the value-creation functions that are conceptualized in different stages of the NTBF’s life-cycle. Transaction relations connect the model with the business reality and ideally mature in strength over time to a functioning value-network. This chapter describes the development of a research design that determines, extracts, and evaluates semantics constructs of this entrepreneurial learning out of a convenient sample and three cohorts of business plans submitted to a business plan award between 2008 and 2010. The analysis shows empirical evidence for the survival and growth of those NTBFs that exhibit a balanced status of entrepreneurial learning in the maturity of the value-network that can be characterized as early startup-stage. The empirical findings of the network theory based business plan analysis will allow for a better explanation of the performance in the entrepreneurial process that is discussed for NTBFs based on theory of organizational learning.

Keywords: New Technology-Based Firms (NTBFs); Network theory; Organizational learning; Value network; Transaction relations; Business plan (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fgfchp:978-3-319-73509-2_1

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DOI: 10.1007/978-3-319-73509-2_1

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