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2 Third Actors Initiating Business Relationships for a Medical Device Start Up: Effect on Network Embedding and Venture Creation Processes

  • Tamara Oukes
  • Ariane von Raesfeld
  • on behalf of the PCDIAB consortium
Chapter

Abstract

It is widely recognised that it is essential to the survival and growth of start-ups to initiate, develop and maintain business relationships (e.g. Aaboen, Dubois & Lind, 2011; La Rocca, Ford & Snehota, 2013). Only through establishing business relationships can start-ups embed themselves in the pre-existing developing, producing and using setting (Håkansson, Ford, Gadde, Snehota & Waluszewski, 2009). However, start-ups often experience difficulties in initiating the necessary business relationships (Prashantham & Birkinshaw, 2008). To cope with this challenge, Oukes and Raesfeld (2014) found that a start-up used the mediating function of its partners to initiate new relationships. They showed that after it was made aware of, introduced to or referred to a potential partner by one of its existing partners, the start-up could mobilise valuable resources from new partners.

Keywords

Health Fund Potential Partner Business Relationship Market Leader Investment Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgement

This research was funded through FP7 grant number 305654 from the European Commission to the PCDIAB consortium, www.pcdiab.eu .

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Tamara Oukes
    • 1
  • Ariane von Raesfeld
    • 1
  • on behalf of the PCDIAB consortium
  1. 1.Center for Entrepreneurship, Strategy, International Business and Marketing (NIKOS)University of TwenteEnschedeThe Netherlands

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