Kazanjian, Robert K.; Drazin, Robert - In: Management Science 35 (1989) 12, pp. 1489-1503
This paper presents a stage of growth model for technology based new ventures (TBNVs). TBNVs are postulated to evolve through four discrete stages of growth---Conception and Development, Commercialization, Growth, and Stability. Based on a longitudinal sample of 71 ventures in the computer and...