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Mauermörtel und Putze
(2018)
New Technology-Based Firms (NTBFs) learn their business in the early-stages of their life-cycle. As a central element of the entrepreneurial learning process, the business model describes the value-creation functions that are conceptualized in different stages of the NTBF’s life-cycle. Transaction relations connect the model with the business reality and ideally mature in strength over time to a functioning value-network. This chapter describes the development of a research design that determines, extracts, and evaluates semantics constructs of this entrepreneurial learning out of a convenient sample and three cohorts of business plans submitted to a business plan award between 2008 and 2010. The analysis shows empirical evidence for the survival and growth of those NTBFs that exhibit a balanced status of entrepreneurial learning in the maturity of the value-network that can be characterized as early startup-stage. The empirical findings of the network theory based business plan analysis will allow for a better explanation of the performance in the entrepreneurial process that is discussed for NTBFs based on theory of organizational learning.
Industrial growth and a rapidly growing world population have large impacts on the global environment and allocation of material resources. Most changes in the environment are brought about by human activities and these activities result in a flow of materials. The flows of resources from the natural environment to the economy are a prerequisite of production while flows of residuals from the economy to the environment are the consequence of production and consumption. A full understanding of these processes requires a complete description of the physical dimension of the economy and its interaction with the environment.