ii
Contents
LIST
OF
FIGURES
.............................................................................................................
iv
LIST
OF
TABLES
...............................................................................................................
v
LIST
OF
ABBREVOATIONS
..........................................................................................
vi
PART
I
CHAPTER
1:
INTRODUCTION
.....................................................................................
2
1.1
Context
and
Relevance
................................................................................
2
1.2
Objective
of
the
Study
..................................................................................
5
PART
II
CHAPTER
2:
THE
INNOVATION
PROCESS
.............................................................
8
2.1
Entrepreneurship
and
the
Diffusion
of
Innovation
.................................
8
2.2
Systems
Model
of
Innovation
by
Csikszentmihalyi
................................
13
2.3
Investors
in
Innovation
and
Risk
‐
Taking
..................................................
16
2.4
The
Venture
Capital
Business
.....................................................................
19
2.5
Critical
Summary
and
Conclusions
...........................................................
26
CHAPTER
3:
STRATEGY
DIMENSION
......................................................................
27
3.1
Strategic
Considerations
of
Venture
Capitalists
.......................................
27
3.2
Strategic
Resources
Approaches
.................................................................
27
3.2.1
Sustainable
Competitive
Advantage
...............................................
27
3.2.2
Resource
Dependence
Approach
.....................................................
30
3.3
Sustainable
Resource
Management
..........................................................
31
3.4
Paradox
Management
.................................................................................
34
3.5
Critical
Summary
and
Conclusions
..........................................................
36
CHAPTER
4:
THE
TRUST
PERSPECTIVE
...................................................................
38
4.1
Trust
as
a
Concept
.......................................................................................
38
4.2
Models
of
Trust
‐
Building
...........................................................................
44
4.3
Trust
‐
Control
Duality
.................................................................................
45
4.4
Levels
of
Trust
..............................................................................................
47
4.5
Critical
Summary
and
Conclusions
..........................................................
48
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