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Entrepreneurial Initiatives and Competitive Advantage in Technology-Based Companies: The Role of the Founding Team

In: Entrepreneurial Challenges in the 21st Century

Author

Listed:
  • Mònica Cerdán-Chiscano
  • Antoni Olive
  • Ana Isabel Jiménez-Zarco
  • Joan Torrent-Sellens

Abstract

Academic companies have to face different problems in the first steps of their creation process. In this sense, barriers to entrepreneurship can be external or internal. Environmental and organizational factors can make business activity difficult and threaten the organization’s survival as well. This is especially relevant in the high technology field, due to the fact that it is a dynamic and competitive industry where the product life cycle is very short and innovation is easily replicable. Technology and commercial risk is higher, and companies have low chances of obtaining a sustainable competitive advantage; so they have to find internal forces that enable them to overcome that complex situation.

Suggested Citation

  • Mònica Cerdán-Chiscano & Antoni Olive & Ana Isabel Jiménez-Zarco & Joan Torrent-Sellens, 2015. "Entrepreneurial Initiatives and Competitive Advantage in Technology-Based Companies: The Role of the Founding Team," Palgrave Macmillan Books, in: Hans Ruediger Kaufmann & S M Riad Shams (ed.), Entrepreneurial Challenges in the 21st Century, chapter 9, pages 133-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47976-1_9
    DOI: 10.1057/9781137479761_9
    as

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