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What is Advisory Board (AD)

Chapter 2
Moving From R&D Development to Production and Sales in Start-Up Companies
The AD is an organ of the firm that can be used to advise the manager on different issues where decisions or the ability to reach new contacts are required.
Published in Chapter:
The R&D-Based Start-Up
Copyright: © 2023 |Pages: 24
DOI: 10.4018/978-1-7998-5685-6.ch002
Abstract
In this chapter the concept of the difference between a technological start-up and a complete firm is introduced. The discussion explains the characteristics of the technological start-up (TSU) and the reasons these have developed as part of a strategic fit of the TSU to its specific tasks and environment. The discussion relates that the characteristics of the TSU, structure, culture, and activities have an impact on management capabilities and their development. The discussion along these three aspects also denotes the literature in the field in support of the claims made. However, the discussion is not entirely theoretical but includes also references to practical aspects.
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