Entrepreneurs and Networking notes

Entrepreneurs and Networking notes - Entrepreneurs and...

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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 
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This note was uploaded on 02/10/2012 for the course MGT 3360 taught by Professor Staff during the Spring '08 term at Texas State.

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