The creation of new organizations is among the most important forces of social and economic development. New organizations promote growth and development, advance new technologies, redefine products and processes and, in some cases, create entirely new industries. Witness the success of such firms as Facebook, Google, Amazon and others. While most would agree on the importance of new organizations, there is little agreement about how or whether we can predict their birth. Most organizations undergo a life cycle—not dissimilar to product life cycles

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