This paper provides an approach to new firm growth that views this as an unfolding developmental process. This approach is based on a Penrosean (1995) model of the firm. We find that new firm growth is non-linear and prone to interruptions and setbacks to an extent overlooked in the literature....

This paper examines new firms creating innovative networks to support their development in emerging industries. Resource-based and evolutionary theories are combined to explain the genesis of a new business ecosystem. Two case studies of biopharm ventures developing drugs against cancer showed...