Firm beginning matters because in the early days different configurations are tried to cope with challenges and opportunities of their environment. It is in this early days that a new organization emerge -it is forged- because of the continuous trial and error exercises. In this first stage, drastic changes might happen that determine and configure their internal organization, culture and values; that is possible because of the firm´s size, lack of path dependence and an incipient culture. If a fit between the new firm and the market´s requirements is found; then a second stage may be present were optimization as form of economizing become predominant, this efficiency comes with a cost: The firm´s righty. This paper is about the importance of the firm´s begging and how to some extent, its origin determines its future.
Dr Luis-Armando Luján-Salazar
Institution: Autonomous University of Aguascalientes
Luis Armando Luján Salazar is a postdoctoral fellow at the Aguascalientes (Mexico) Autonomous University and an international consultant to the oil and gas industry. As a professor, he has taught courses on strategy, economics, and management; as a consultant, he has worked with international teams in Latin America and the US. He has published several papers in peer-reviewed academic journals in two fronts: firstly on oil and gas, focused on optimization under uncertain conditions and field development planning methods; secondly, his research on chaos and complexity, emergence and strategy. His present research interests include sustainable and renewable energy technologies, as well as the development of management theory. Luis Armando Luján, professor and consultant, earned his M.Sc. degree in Business and Economics from The University of Guadalajara (Mexico) and his Ph.D. in Management from the Monterrey (México) Tech (ITESM).