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Contents of IMP Journal issue 1, volume 5

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New Business Formation in Business Networks



Authors


Ivan Snehota

Abstract


In this editorial we provide a framing for the four papers in this issue that all deal with new business formation in business networks explored from the IMP perspective focusing on interaction in business relationships. Introducing the four papers we argue that the IMP perspective offers several insights that can enrich research on new business formation and conceptual development in the field. The four papers are all based on in-depth empirical studies of the process of new business formation. The themes of the four papers are complementary and illustrate different facets of the process of grafting new businesses on the existing network context. The papers suggest that if new business formation is to be understood, research must examine the interdependences of the actors involved in entrepreneurial action in networks and show that new business formation is about the collective enactment of change in the business network.


The Formation of Science and Technology Parks



Authors


Chiara Cantù and Daniela Corsaro

Abstract


The growing number of Science and Technology Parks (STPs) worldwide has generated lively debates among scholars. Among them, the positive emphasize the role of STPs in technology transfer and development of new ventures, while the skeptics consider STPs merely as real estate operations. Recent research has investigated the functions, the drivers and critical factors for STPs development. These studies seem to neglect the effects of interaction among actors inside and outside the park on the park development. In general, how STPs form and develop remain unexplored. The purpose of this paper is to explore the formation of Bioindustry Park located near Turin in Italy between 2004 and 2010 describing the change over time in the main actors involved in the different phases of STP’s formation, their aims, the resources brought in, and the outcomes of their interactions.
Our study finds out the underlying conditions that lead to the park’s formation and suggests rethinking the role of the park’s management company in this process. Finally, we discuss the main functions of the park as a ollective actor in new business formation.


Technical development and the formation of new business ventures. The case of new mobile payment and ticketing services



Authors


Per Andersson, Jan Markendahl and Lars-Gunnar Mattsson

Abstract


How do new business ventures emerge, and how is their emergence linked to technical development? What are the challenges of forming new business ventures when the business involves the connection of previously unconnected or loosely connected networks? This paper analyses the connections between technical development and the formation of new business ventures. A set of case studies is presented that show how existing market structures, business development and associated wireless, technologies and systems are affected by the emergence of new mobile payment and ticketing services. This paper presents result from an on-going research project on near field communication based services in Sweden. In late 2008 the project “Foundation For NFC/Sensor Network B2B2C Services” (FORCE) was initiated by TeliaSonera Mobile Network, KTH Center
for Wireless System, and Center for Information and Communication Research at the Stockholm School of Economics.


Start-ups starting up - Firms looking for a network



Authors


Lise Aaboen, Anna Dubois and Frida Lind

Abstract


This paper reports on a pilot study of start-up firms and the development of their initial customer relationships. The analysis builds on a framework of resource interaction among four types of resouces: products, production facilities, business units and business relationships, taking its starting point in the assumption that the development of the resources of a start-up is dependent on how the company interacts with its initial customers. The analysis results in a suggestion of some tentative critical processes and key issues with regard to how start-up companies build their resource constellations in interaction with their first customers.


The story of Nemerix



Authors


Chiara Bernardi, Marta Boffi and Ivan Snehota

Abstract


This paper reports the case history of a business conceived and started in 2000 with the aim of becoming a major provider of GPS chipsets to producers of personal navigation devices and, later, mobile phones. After several years of operation, having raised consistent venture capital and introduced several acclaimed products, the company ceased to exist in 2009. The story of the business is reconstructed based on accounts of the company’s founders. The aim of this paper is to provide a rich description of the process of the formation of a business and, in particular, to illustrate how the development of a new business depends on the consequences the emergence of a new business have for the assets of the major players in the new venture’s business network.