Established organizational theories often need significant modifications in order to explore emergent phenomena. In the resource-based theory of the firm, valuable resources are the foundation of superior economic performance among firms. Among young technology-based ventures, however, current strands of resource-based logic are not well-suited for exploring why some ventures are more successful than others. At the center of the conflict is the way resource-based theory suggests managers and/or entrepreneurs should value resources. Since technology-based ventures play a critical role in the creation of new economic wealth in modern economies, and many critical resource decisions are made during the early-stages of a venture's lifecycle, resource-based theory needs further development in order to resolve this conflict.Obviously during the first couple of years of operations where earnings are negative, the EBITDA earnings should approximate Net Income figures since the tax burden would be minimal (and most technology businesses in the sample are notanbsp;...
|Title||:||Resource Valuation and Capital Acquisition in Technology-based Entrepreneurial Ventures: A Three-essay Dissertation|
|Author||:||David M. Townsend|
|Publisher||:||ProQuest - 2008|