This research seeks to adopt Biomimetic principles in an entrepreneurial model that guides decision-making in high growth ventures. Biomimetics is a concept of taking ideas from nature and implementing them in other scientific fields: Material Engineering, Robotics, Sociology, Bio-Chemistry and others. Since sustainable growth is one of natures' best practices, it seems logical to apply this learning to entrepreneurship and the leadership of growth ventures. Biological entities (plants, trees etc,) are aimed to expand, enlarging their BioMass in the very same manner Businesses place focused efforts to accumulate BusinessMass. The model will present the corporation as a plant, using a Product/Service to connect between the Market and the Industry and utilizing Technology in order to convey Value to the market, hence capturing market share, and moving resources from the market back towards industry and research. Organizations compete on access to technological abilities as well as for market resources. Hence the biomimetic model can be outlined as follows (should be presented in a table): Plants: Habitat - The external forces enabling or preventing plant activity. Roots - Absorbing water from the ground, enabling Plant growth. Trunk - An internal system connecting the Roots to the Foliage and vice a versa, enabling water flow to leafs, as well as sugar flow back to the roots. Foliage - Absorb sunlight from the environment in order to create sugar by using water and the release of oxygen (photosynthesis). Business: Environment - The external forces supporting or preventing business activity. Technology - Absorbing potential value from science and industry, enabling Business growth. Product - An internal system connecting technology to the market and vice a versa, enabling flow of value to the market and flow of cash to R&D. Marketing - Absorb cash resources from the environment by converting value into cash. By identifying the four growth-related variables (Technology, Product, Market and Environment) an entrepreneurial organization can select out of 16 growth path alternatives. To a certain extent this model is an expansion of the Ansoff model that maps Market and Product as the 2 growth variables, yet this model aims to better fit today's business needs such as Internet based marketing, overlapping technologies etc. By analysing the Transfer Prices and Time parameters for each alternative, entrepreneurial leaders can better define a Growth Pattern suitable for their business, or alternatively adjust their business structure to fit a required growth path. The proposed research will add a unique view on entrepreneurial business growth, developing a measurable price/risk and return for every growth alternative that, when known and compared, can provide company leaders with a profound base for decision making.
History
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PDF (Published version)
ISBN
9780980332803
Journal title
Regional Frontiers of Entrepreneurship Research 2007: 4th International Australian Graduate School of Entrepreneurship (AGSE) Entrepreneurship Research Exchange, Brisbane, Queensland, Australia, 06-09 February 2007 / L. Murray Gillin (ed.)
Conference name
Regional Frontiers of Entrepreneurship Research 2007: 4th International Australian Graduate School of Entrepreneurship AGSE Entrepreneurship Research Exchange, Brisbane, Queensland, Australia, 06-09 February 2007 / L. Murray Gillin ed.