New Technogy-Based Firm In The New Millenium

 

 Description :

            These short descriptions about Italian industrial districts suggest that internal and external divisions of labour that firms implement in their social networks have a great influence on the entrepreneurial activity of the entire district. Therefore, they confirm the premise of this study and provide an answer to the question that this study attempts to address: what does make one social network entrepreneurial? Such an empirical verification also fits within the new theoretical frameworks proposed in the study (the “4S” and the “dividing” models). Although the present analysis was indepth,

the theorised mechanisms by which division of labour improves human and social capital of actors in one social network are confirmed and valid. Thus it can be concluded that these two capitals work as critical “mediating variables” for both the business creation and other entrepreneurial processes in networks. They, therefore, can be considered the “invisible hands” of entrepreneurship. In brief, two main conclusions arise out of this study:

• Within one social network, competencies and knowledge are crucial in order to  increase (or to maintain, which presently is the primary objective of several industrial clusters in Europe) competitiveness and entrepreneurial orientations.
• Within one social network, the nourishment of wide and stable social ties supports and makes it easier for its actors to launch new entrepreneurial projects.

The main managerial and policy implications of this study, thus, refer to the potential “management of entrepreneurship in social networks” that these theoretical and practical assumptions provide (Schiavone, 2006b). By assuming the validity of these conclusions, individuals managing firms or regions can adopt these guidelines in order to design new strategies and policies. For instance, district managers and policymakers can implement and improve social meetings aimed at both sharing business threats and opportunities and tutoring potential local entrepreneurs about the management of a district venture. In other words, the rise (or better the renewal) within an industrial district of an “entrepreneurial community” (more open than in the past to innovation and able to seize new business opportunities of a global economy) is likely to be a crucial cognitive and operational step for the survival of several European networks presently in great decline.

 

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