The phrase "an existing firm" is correct and usable in written English.
It can be used when referring to a company or business that is currently operational or has been established.
Example: "The study focuses on the impact of new regulations on an existing firm in the technology sector."
Alternatives: "a current company" or "an established business."
But leading an existing firm to innovate like a startup is not business as usual.
The ALUSIM platform represents a computer-based simulated company for producing aluminum boxes and cans which is rebuilt according to an existing firm.
Although there are multiple avenues to engage in entrepreneurship, many professors choose to license their technology to an existing firm or start their own company, and then back off.
Lastly, firms may find it more advantageous to acquire ownership interests in an existing firm than assemble an in-house group of research scientists to develop or reproduce an emerging technology.
This divergence in entrepreneurship could reflect a more efficient labor market where would-be lifestyle entrepreneurs, or necessity entrepreneurs, are finding the right job at an existing firm rather than taking a wild shot that's unlikely to even hit the rim.
That being said, today, the startup does not use any AI in its platform, although it's being considered, either by growing it in-house (today the company has around 170 employees, including engineers), or by partnering with an existing firm, or potentially through an acquisition.
Go back to your existing firm as a "new customer" – discounts are huge.
Knowledge reconfiguration involves the conversion and formalisation of these novel practices within existing firm and industry organisation.
If the knowledge is close to the existing firm knowledge base and with specific applications, this can be firm-specific.
Every existing firm I have seen do this has been much more successful than those that take any other approach.
As founders of new firms (Gartner, 1988), entrepreneurs increase the supply side of the regional economy and thereby create an incentive for existing firms to perform better (Fritsch, 2011; Porter, 1980).
