What is Development phase

The influence of business social networks on the financial performance of entrepreneurial ventures was extensively studied in the literature. However, a need for a more dynamic perspective, centered on firms’ evolution, was identified by academics and professionals. This chapter attempts to address this knowledge gap, investigating a sample of UK biopharmaceutical SMEs, from various stages of the corporate lifecycle. This approach permits a comparison between the structure of formal and informal networks of the manager/entrepreneur, in various corporate phases of evolution, and an analysis of the statistical relation between the size of networks and specific financial performance indicators.