Startups, Corporate Garage, High Growth Firms, and Their Entrepreneurial Environment

Startups, Corporate Garage, High Growth Firms, and Their Entrepreneurial Environment

Copyright: © 2015 |Pages: 20
DOI: 10.4018/978-1-4666-6469-2.ch013
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Given the importance of entrepreneurship to the emergence, design, management, and growth of enterprises, this section of the book intends to provide some insights into three recently observed combined phenomena. The first one is the phenomenon of the explosive growth of entrepreneurship activity via new startups (mostly technology- and innovation-based) and that of corporate venturing, called “corporate garage.” The second phenomenon is that of the growing importance of the High-Growth Firms (HGFs). These two phenomena are dealt with in this chapter. Finally, the third phenomenon, which is less well known, but can be understood as a foundation for the former two, is the importance of the business context, or environment, in which enterprises emerge, operate, and grow, and which is perceived by the growth of importance of concepts such as ecosystems, platforms, and architectures, which are examined in detail in Chapter 14.
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2. Background

If one wishes to know whether the recent rising interest in the subject of entrepreneurship is ephemeral or, on the contrary, is solidly grounded with a promising future, it is only necessary to have a look at the book descriptions of the growing literature is this emergent field. One example that can be given is that of the Handbook of Entrepreneurship Research, edited in 2011 (in its second edition) by Zoltan J. Acs and David B. Audrestsch. In the web site at the book store this book is described in the following way:

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