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The Semantics of Entrepreneurial Learning in New Technology-Based Firms

In: Technology Entrepreneurship

Author

Listed:
  • Marc König

    (Lake Constance University)

  • Christina Ungerer

    (Lake Constance University)

  • Guido Baltes

    (Lake Constance University)

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.

Suggested Citation

  • Marc König & Christina Ungerer & Guido Baltes, 2018. "The Semantics of Entrepreneurial Learning in New Technology-Based Firms," FGF Studies in Small Business and Entrepreneurship, in: André Presse & Orestis Terzidis (ed.), Technology Entrepreneurship, pages 3-20, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-319-73509-2_1
    DOI: 10.1007/978-3-319-73509-2_1
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