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Strategic intellectual resource management: an emerging concept of new technology-based firm development
2005 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

In recent years much attention has been directed towards the small and medium sized firms of the business environment. With increasingly shortened technology and business life cycles many start-ups try to capitalise on this development. However, while it has been realised that these firms play an important part in the economy, the survival rate of newly started firms is extremely low. New technology-based firms do not function like established or larger firms for several reasons: reasons linked with their smallness, their applied technology, and their organisational maturity, amongst other things. Therefore, much previous research in management does not apply directly to these kinds of firms. This thesis focuses on NordNav Technologies, a newly founded technology-based firm, from the perspective of the critical resources and ongoing organisational development. The general research question was “What are the critical success factors for growth and how should they be managed?” while the specific research questions explored what theories and models should be used, what approach should be chosen, and how these choices affected NordNav in particular. It was ascertained that technology and competence are the two most critical resources for new technology-based firms and a theoretical framework was constructed through the merging of strategic technology management theory and strategic human resource management theory in a new technology-based firm context. The unified framework, Strategic Intellectual Resource Management (SIRM), evolves from a resource based perspective and focuses on intellectual resource gaps in technology and competence. These gaps can be addressed either through the acquisition of new resources or the development of existing resources. Previous studies have shown that new technology-based firms often do not balance these views but focus too much attention on technological issues. The SIRM framework can help these firms to focus limited managerial resources to the areas where they are most needed. Drawing on the SIRM framework several models for acquisitions and development are presented and analysed from the perspective of NordNav Technologies. While the company at this point enjoyed a period of success, there were several issues that needed to be dealt with in light of future potential. However, because the NordNav organisation has not yet reached a state of formalisation many of the problem areas can still be addressed. New technology-based firms in general should incorporate the principles of SIRM in their strategy and business assessments as a way of moving beyond their barriers to growths.

Place, publisher, year, edition, pages
Keyword [en]
Social Behaviour Law, New technology-based firms, SME, technology management, strategy, research and development, organisation, organisationsutveckling, Strategic planning
Keyword [sv]
Samhälls-, beteendevetenskap, juridik
URN: urn:nbn:se:ltu:diva-59441ISRN: LTU-EX--05/046--SELocal ID: ff73380f-2980-49e8-abd8-f3358a7dacf9OAI: diva2:1032829
Subject / course
Student thesis, at least 30 credits
Educational program
Industrial and Management Engineering, master's level
Validerat; 20101217 (root)Available from: 2016-10-04 Created: 2016-10-04Bibliographically approved

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