Networking and the Small Business
4 important questions on Networking and the Small Business
4 components of social networking activity
- Actors
- Links
- Flows
- Mechanisms
Networks play a role in the building of technological competence within SE.
There are three technological competence trajectories established
- competence widening: diversification of technological competence of a firm
- competence deepening: improvement of excisting technological competences of a firm
- competence narrowing: abandoning a set of excisting projects, procceses or products
Network of entrepreneur plays a few important roles
- Generate social support for the actions of the entrepreneur
- help extend the strategic competence of entrepreneur to opportunities and threats
- supplement very limited resources of entrepreneur
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Entrpreneurs and network in different stages
- Early stage of development rely heavily on informal network like friends or family
- at later stages it becomes more and more formal
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- Never study anything twice again
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- 100% sure, 100% understanding
