Adaptation in New Technology-Based Ventures: Insights at the Company Level

22 Pages Posted: 5 Jul 2006

See all articles by Petra Andries

Petra Andries

KU Leuven - Department of Economics

Koenraad Debackere

KU Leuven - Department of Applied Economics; Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Abstract

Recent research shows that, owing to the presence of uncertainty and ambiguity, new ventures have great difficulties in defining a viable business model from the outset and that minor or major adaptations to this initial business model are needed as the venture evolves. Technology-based companies are confronted with particularly high degrees of uncertainty and ambiguity. This paper therefore focuses on new technology-based ventures as a special case worth investigating. Most of the entrepreneurship literature studies adaptation at the individual level. However, many new technology-based firms are founded by a team of entrepreneurs. This paper therefore looks at how existing literature at the company level can inform us about adaptation in new technology-based companies. It starts by relating the concept of adaptation in new technology-based ventures to the existing literature on organizational adaptation at the firm level. Based on an overview of existing literature at the firm level, a propositional model is then put forward, describing (1) the process of adaptation and (2) the factors enabling adaptation in new technology-based ventures.

Suggested Citation

Andries, Petra and Debackere, Koenraad, Adaptation in New Technology-Based Ventures: Insights at the Company Level. International Journal of Management Reviews, Vol. 8, No. 2, pp. 91-112, June 2006. Available at SSRN: https://ssrn.com/abstract=914012 or http://dx.doi.org/10.1111/j.1468-2370.2006.00122.x

Petra Andries (Contact Author)

KU Leuven - Department of Economics ( email )

Leuven, B-3000
Belgium

Koenraad Debackere

KU Leuven - Department of Applied Economics ( email )

Naamsestraat 69
B-3000 Leuven
Belgium
+32 16 32 69 06 (Phone)
+32 16 32 67 32 (Fax)

HOME PAGE: www.econ.kuleuven.ac.be/tew/academic/ strateg/staff/Kdebackere/Home.htm

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
+34 93 542 26 39 (Phone)
+34 93 542 17 46 (Fax)

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