Venture Capital and the Growth of High-Tech Enterprises

Author: Meng Xianchang
Publisher:
Publish Date: 2003-01-01
Features: "Venture Capital and the Growth of High-Tech Enterprises" is particularly focused on the research of the fundamental laws and basic theories of high-tech enterprise growth, based on such a need. It starts from the perspective of technology and enterprise, historically and logically establishing the connotation, boundaries, and characteristics of high technology and high-tech enterprises. It examines the four historical stages of high-tech enterprise evolution and their respective features, proposes six major effects generated during the evolution of high-tech enterprises that encompass both macro and micro levels, specifically investigates the origins of high technology and high-tech enterprises in relation to military technology and military demands. Under the premise of diversified growth of high-tech enterprises, it focuses on the two fundamental growth modes of high-tech enterprises: the vertical upgrading mode with a single technological core and the horizontal expansion mode with multiple technological cores. It discusses prominent issues in the growth of high-tech enterprises, such as the threshold effect, the highly integrated and comprehensive utilization of enterprise factor resources, organizational learning, the characteristics of competition in high-tech enterprises, as well as the allure and pitfalls of high technology. It concludes with a series of innovative conclusions and perspectives.