Key competences in the new ventures: a model for evaluating
SourceFaculty of Engineering Hunedoara. Annals, 8, 2, (2010), pp. 153-158
Article / Letter to editor
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SW OZ RSCR SOC
Faculty of Engineering Hunedoara. Annals
SubjectInequality, cohesion and modernization; Ongelijkheid, cohesie en modernisering
This research studies from an internal view based on the Competency-Based Perspective (CBP), key organizational competencies developed for small new business. CBP is chosen in an attempt to explain the differences characterizing the closed companies from the consolidated ones. The main contribution of this paper is the definition of a set of key organizational competencies for new ventures from services and low technology based sectors. Using the classification proposed by  and a review of the entrepreneurship literature, the main competencies were defined and classified as: managerial, input-based, transformation-based, and output-based competencies. The proposed model for evaluating new ventures organizational competence is tested by means of Structural Equation Modelling (SEM) and a sample of 526 small firms created between 2003 and 2008 in Catalonia (Spain).
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