There are central tensions between the two sides of the board’s functions: that of controlling and monitoring versus that of resource gathering and strategizing. Drawing upon a field study lasting 38 months involving 8 new ventures in the UK high technology sector, we took a close look at the...

Compared to large established firms, technology-based new firms (TBNF) seem well placed to produce breakthrough innovations although questions remain as to their adeptness at subsequent exploitation. Building on the innovation and strategy literatures, the study identifies two different...