Discussion of central findings and implications


The founding and successful development of NTBF is a central aim of entrepreneurs, private corporations, governmental institutions, business associations, and marketoriented societies. Despite the recent downturn of the new economy, venture creation continues at a high level. However, at the same time the failure rate of new firms remains high. This work aimed to address this problem by analyzing the development of NTBFs from a competence perspective. The goal was to find competencies that TMTs needed to start and grow a venture and to understand how the importance of the competencies changes as firms develop. Five research objectives were proposed at the beginning of this study.661


Entrepreneurship Research Central Finding Management Competence Venture Creation Competence Domain 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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