The Startups Most Likely to Succeed Have Technical Founders Who Quickly Hire Businesspeople

Murmann, Martin (6 November 2017). The Startups Most Likely to Succeed Have Technical Founders Who Quickly Hire Businesspeople Harvard Business Review Harvard Business School Publishing

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Companies that are equipped with both business and technical skills are disproportionately more likely to introduce new-to-the-market innovations than firms that have only one. However, not all firms that are equipped with both types of skills are able to profit from them. Firms profit disproportionately from a mix of business and technical skills when the founder has technical knowledge and employs additional business experts. By contrast, we find no evidence of complementarity either when business and technical skills are balanced within a founding team or when a founder with business skills hires employees with technical skills.

Item Type:

Newspaper or Magazine Article

Division/Institute:

Business School > Institute for Innovation and Strategic Entrepreneurship
Business School > Institute for Innovation and Strategic Entrepreneurship > Low-end Innovation
Business School > Institute for Innovation and Strategic Entrepreneurship > Strategic Entrepreneurship
Business School

Name:

Murmann, Martin0000-0002-0430-949X

Subjects:

H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management

ISSN:

0017-8012

Publisher:

Harvard Business School Publishing

Language:

English

Submitter:

Martin Murmann

Date Deposited:

30 Aug 2023 15:22

Last Modified:

30 Aug 2023 15:22

Related URLs:

URI:

https://arbor.bfh.ch/id/eprint/19768

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