Competence of Top Management Teams and Success of New Technology-Based Firms [electronic resource] : A Theoretical and Empirical Analysis Concerning Competencies of Entrepreneurial Teams and the Development of Their Ventures / by Jan Brinckmann.

Fundamental research terms -- Theories regarding entrepreneurial and management competencies and the development of new technology-based firms -- Empirical evidence about competence and the development of new firms -- Conceptual framework: Entrepreneurial-management-competence and its effects on task complexity and the success of new firms -- Research process, sample and method -- Presentation of the measurement model -- Empirical findings -- Discussion of central findings and implications.

Which competencies do founders need in order to achieve new venture success? In his book, Jan Brinckmann develops a comprehensive competence concept for new technology-based firms. It is grounded in competence-related literature combining insights from entrepreneurship and management research. The competence concept comprises three domains: general entrepreneurial competencies, social competencies, and functional competencies in technology, marketing, and financial management. A measurement model is developed to specify the contents of each sub-domain and to facilitate self-assessment of these competencies. In an empirical study, 212 executives of German NTBFs assessed their teams competencies. This data is analyzed using structural equation modelling to identify the most relevant competencies for new venture success.