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A knowledge-based view of growth in new ventures

机译：基于知识的新企业发展观

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Purpose - The establishment and growth of new ventures play a major role in wealth creation in most industrialized economies. Consequently, there is much emphasis these days on how to foster their growth, and en determining the fundamental prerequisites. The purpose of this paper is to propose an evolutionary knowledge-based framework for understanding and testing the linkage between the nature of the firm's knowledge and its growth.rnDesign/methodology/approach - The empirical analysis is based on an extensive survey of 171 new ventures in the information and communications technology industry.rnFindings - The findings indicate the existence of a relationship between some of the proposed knowledge determinants and new venture growth. For example, the ability to scale the firm's knowledge-based resources in economic terms has an effect on past and future growth as well as on growth orientation. Research limitations/implications - Whereas there is growing interest in the growth of entrepreneurial new ventures, emerging theories in the area of strategic management, such as the knowledge-based view (KBV) of the firm, have not often been applied as theoretical bases in studies focusing on this phenomenon. This paper broadens the understanding of new venture growth by scrutinizing the main knowledge determinants, including appropriability (tacitness and patent protection), the threat of opportunism, economies of scale, economies of scope/synergies, and asset specificity. Practical implications - The notion that different knowledge is needed in the different phases of the new-venture life cycle is important for practitioners seeking growth. Managers need to analyze the context and business environment with care, and accordingly to choose the right strategy. Originality/value - This paper broadens the thinking on new venture growth in analyzing the influence of knowledge inside the firm in terms of various theory-based determinants.
机译：目的-在大多数工业化经济体中，新企业的建立和成长在财富创造中起着重要作用。因此，如今，人们非常重视如何促进其增长并确定基本前提条件。本文的目的是提出一个基于知识的进化框架，用于理解和测试企业知识的性质与其增长之间的联系。设计/方法/方法-实证分析基于对171家新企业的广泛调查发现-研究结果表明，某些拟议的知识决定因素与新风险投资之间存在关系。例如，从经济角度扩展公司基于知识的资源的能力会影响过去和未来的增长以及增长的方向。研究的局限性/含义-尽管人们对创业型新企业的兴趣日益浓厚，但战略管理领域的新兴理论（例如企业的基于知识的观点（KBV））并未经常被用作企业的理论基础。研究集中于这种现象。本文通过审查主要的知识决定因素，包括专有性（隐性和专利保护），机会主义的威胁，规模经济，范围/协同效应和资产专一性，扩大了对新企业成长的理解。实际意义-在新企业生命周期的不同阶段需要不同知识的观念对于寻求成长的从业者很重要。管理人员需要仔细分析环境和业务环境，并据此选择正确的策略。原创性/价值-本文通过各种基于理论的决定因素来分析企业内部知识的影响，从而拓宽了新风险投资的思路。

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