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What is Complete Firm

Moving From R&D Development to Production and Sales in Start-Up Companies
This is a for profit business-oriented company, economically supported mainly by the income generated from its business (can also be supported by investments). This is what we normally refer to as firms, or companies. It has the full complement of activities and the managerial ability to manage them required to generate the income it needs to sustain itself and its operation potentially forever.
Published in Chapter:
The R&D-Based Start-Up
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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The “Complete” Firm
A company for profit, deriving its resources mainly (not exclusively) from its daily operation as revenues from the business it is conducting. Deriving the revenues from the business requires a complex collection of different activities and this requires in turn complex set of managerial capabilities.
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