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Abstract
The primary aim of this paper is to explore organizational success of technology-based firms. The novelty of the study is that it mines the relationship between organizational success and the strategies with regard to the age, development phase, and core business of the firm. Having analysed a sample of 115 Norwegian technology-based firms, significant links were found between the firm’s strategy and organizational success. The analysis demonstrated that the strength of association between different strategic dimensions and organizational success varies with the firm age, through the firm lifecycle, and from industry to industry. A relationship between several dimensions of the technology and business strategies was also found It is therefore reasonable to assume that a proper combination of the technology and business strategies, rather than each of them taken along, is an important factor of successful performance of technology-based firms. Finally, two alternative measures of organizational performance were used in the study and a significant difference between them was discovered. The subjective measure in contrast to the objective tends to lower, even, dramatize the effects of technology strategy and favour those of business strategy.