What is New Technology-Based Firms (NTBFs)

The present chapter analyzes the emergent concepts of communities of practice and organizational identity, as well as their interrelationships, in the context of a knowledge-based economy. In particular, the chapter focuses on new technology-based firms (NTBF). Two main propositions are discussed. First, members of these organizations can build the organizational identity through communities of practice. Second, the organizational identity socially built by members can facilitate the emergence of communities of practice. These propositions are first grounded in a theoretical review and later they are tested empirically in five case studies of new technology-based firms created at Madrid Science Park. Finally, the main conclusions and directions for further research are presented.