The Emergence and Survival of High-Technology Ventures in Europe
Edited by Jan Ulijn, Dominique Drillon and Frank Lasch
Chapter 2: Entrepreneurship in a High-tech Venture: Psychological and Social Methods of Survival Assessment in the Aerospace Sector
Moniel Verhoeven, Arjen Verhoeﬀ, Dominique Drillon and Jan Ulijn INTRODUCTION When I ﬁrst succeeded my father, for me entrepreneurship was making ideas work in a technical sense. Nowadays it is much more how we – my partner Nico van Putten and me – can deal in a constructive way with the qualities that this community oﬀers. (Raoul Voeten, engineer/entrepreneur of Bradford, December 2005) This chapter analyses the performance and survival of familial companies in the domain of a techno-venture. What is the common ground between Bill Gates, Michael Dell, Larry Ellison and Steve Jobs? Every one of them has created his own company from scratch. Furthermore, these founders have built an empire in the domain of information technology, telecommunications and the grey matter of the brain. Why and how did these companies develop in such an impressive way, in a technological and especially economic perspective? How can we understand this success? First, behind such industrial mega performances emerge some remarkable persons – their founders. What are the determinants that stimulated them to create and develop their business? Apparently, they have the talent to organize and sustain the growth of their business. The way the community created by founders acts can be another explanation of such success. Is the community eﬀective because it adopted the spirit of the founder, or has the community developed its own dynamics and used the talents of the founder as a stepping-stone to implement its own eﬀective working patterns? In other words: what is crucial in...
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