Learning to Grow: Dynamic Capabilities in New Technology-based Firms

In this conceptual paper we consider resource acquisition and configuration in new technologybased firms. Essentially, we propose that bootstrapping and bricolage are essential dynamic capabilities in such firms. We argue these embedded routines, which are connected by learning processes, provide a way to remain lean and agile while managing innovation in a dynamic environment. Bootstrapping enables new entrepreneurs to obtain otherwise inaccessible resources, while bricolage results in new configurations of resources to solve problems and create new opportunities. We suggest that bricolage and bootstrapping are linked by learning routines since they provide the opportunity both to explore new ways of using resources ‘at hand’ and then sharing this insight to exploit new configurations. These types of dynamic capabilities are necessary given the general resource scarcity within NTBF and they also will help sustain firms’ innovation potential.