ABSTRACT

This chapter provides a better understanding of the organizational success of new, technology-based firms by examining the influence of organizational environments, strategies, leadership, and networking on the organizational performance of new, technology-based firms (NTBFs). The success of NTBFs can be considered at three different levels. At the national/regional level, the success of NTBFs is often associated with the aggregated effects generated by the whole population of NTBFs in an economy. At the organizational level, success can be defined in several ways. At the personal level, the definition of success is even more problematic for the following reasons. First, human behavior is hazardous and unique. Second, the goals pursued by entrepreneurs may not be directly relevant to their economic activities. The complexity of the organizational success/NTBFs suggests that public policies aimed at fostering and supporting technical entrepreneurship could be more effective if in addition to the financial support during their start-up, NTBFs were assisted in obtaining the technological and managerial competencies.