The business model
Abstract
Both theory and practice agree on the idea that entrepreneurial firms can grow, develop, survive, or fail. In particular, the growth that entrepreneurial firms can aspire to is amplified in comparison to that of other firms. By definition, in fact, entrepreneurial firms are new and innovative and they are thus expected to achieve superior performances. Failure is in opposition to voluntary closure and takes place when entrepreneurial firms are pushed out of the market. Development stands for the improvement of firms’ relationships with the external environment, while survival is about persisting on the market (without development). Even if the achieved results depend on the market (how consumers respond to the product/service ...
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