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Development of Management Competences in Growth-Oriented New Ventures

Author

Listed:
  • Jean-Paul Thommen

    (European Business School, Schloss Reichartshausen, Germany)

  • Steffen Behler

    (Deutsche Bahn Cargo AG, Mainz, Germany)

Abstract

The objective of the article is to examine the management competences of founders which are relevant for the success of growth-oriented companies. A survey showed that the demands on management competences during the different stages of new ventures vary significantly. In this context the stages of business formation are defined as pre-formation stage, implementation stage and growth stage, whereas the following types of competences were identified: specialised methodological systems/innovation, leadership/social and implementation competences. While at the beginning of a new venture implementation-oriented competences seem to be of particular relevance in order to initiate a growth-oriented enterprise, leadership and social competences become increasingly significant during the further development of the enterprise. This development toward a professional management must, due to the expansive growth of growth-oriented business formations, occur within a relatively short time span.

Suggested Citation

  • Jean-Paul Thommen & Steffen Behler, 2002. "Development of Management Competences in Growth-Oriented New Ventures," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 5(2), pages 49-65, November.
    • Handle: RePEc:zag:zirebs:v:5:y:2002:i:2:p:49-65
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    More about this item

    Keywords

    growth-oriented companies; competences of entrepreneurs; individual/team competences; measures to develop management competences;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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