Title: Learning capabilities and the growth of technology-based new ventures

Authors: Florian Strehle, Bernhard R. Katzy, Tony Davila

Addresses: CeTIM University Leiden, Plantsoen 97, 2311 KL Leiden, The Netherlands. ' CeTIM at University Bw Munich, Werner Heisenbergweg 39, 85577 Neubiberg, Germany. ' IESE, University of Navarra, Av. Pearson 21, Barcelona 08034, Spain

Abstract: This study considers the impact of organisational learning as endogenous growth driver for technology-based new ventures. Over a period of up to 12 years, the growth path of 44 venture capital backed companies was analysed as critical event series, where the events were the adoption of 50 management control systems. The study shows that the adoption of eight bundles of these systems, which are used as proxies for the emergence of the dynamic capabilities strategic planning, financial planning, and evaluation, human resource planning, and evaluation, product development, marketing and sales, and partnering are positively associated to the growth of the venture. In addition, the growth path, i.e. the order of adoption, is associated with growth performance.

Keywords: technology-based new ventures; entrepreneurial growth; dynamic capabilities; management control systems; MCS; entrepreneurship; organisational learning; firm performance.

DOI: 10.1504/IJTM.2010.035854

International Journal of Technology Management, 2010 Vol.52 No.1/2, pp.26 - 45

Published online: 06 Apr 2013 *

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