Entrepreneurs and Networking notes

Entrepreneurs and Networking notes - Entrepreneurs and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Entrepreneurs and Networking Gulati  et al  (2000): “The image of atomistic actors  competing for profits against each  other in an  impersonal market   place is increasingly  inadequate   in a World in which  firms are embedded in networks of social, professional and exchange relationships  with  other organizational actors”. - Business environment is increasingly turbulent , therefore networking is needed  as a strategy to achieve success. (e.g. resolve liabilities of newness) Henderson (1999): A  liability of newness  describes the fact that new and small firms  find it difficult to create value  because of their lack of resources , knowledge and social   capital  compared to larger firms. BUT! – Resources and knowledge  evolve   over time.   Liabilities of obsolescence : As  firms grow they see the problem of the incumbents curse  because their resources tend to 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online