Inderscience Publishers

Learning to grow: How new, small, high technology firms acquire cognitive and socio-political legitimacy in their regions

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Studies on the entry and growth of new firms have tended to focus attention on the resources of the firm and the use that entrepreneurs and owner-managers have made of them for survival and growth. This paper explores the capabilities and competencies of early stage owner-managers in the context of both their firms and the region in which these firms are located. It is argued that the capabilities and competencies used by entrepreneurs and owner-managers in the early years of the development of their businesses are closely tied to the resources available in the region in which they are located.

Keywords: entrepreneurship, innovation, learning, ICT, firm-specific assets, firm-addressable assets, cognitive legitimacy, socio-political legitimacy, small firms, high tech firms, high technology, new firms, owner-managers, regional resources, early stage growth

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