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1
Omerzel Gomezelj, Doris, and Irena Kušce. "The influence of personal and environmental factors on entrepreneurs' performance." Kybernetes 42, no. 6 (June 24, 2013): 906–27. http://dx.doi.org/10.1108/k-08-2012-0024.
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Purpose – This paper aims to analyse the determinants of business start-ups and their impact on entrepreneurial performance. The theoretical part indicates that the importance of small- and medium-sized enterprises (SMEs) considers the role of entrepreneur in the business process and provides an overview of theoretical and empirical findings in the main determinants of business start-ups. Design/methodology/approach – The empirical part is based on quantitative survey results from a model of business start-up factors and relations with the entrepreneurs' performance. The data were analysed using the statistical package for data analysis SPSS for Windows. The factor analysis was performed separately for the set of variables that have measured the reasons for founding the start-up, the personality traits, environmental factors and performance. The paper used a multiple linear regression model to identify the strength, direction and impact of different factors on the start-up performance. Findings – In general, the study identifies which indicators influence entrepreneurs' performance (personal and business) in the first years of their companies. The paper revealed the heterogeneity of the measures for performance and their different natures (from financial indicators to those related to the entrepreneur satisfaction). Consequently, one of the most significant findings of the research is that, in spite of the fact that the most commonly used indicators for the firm performance in the literature are financial, the paper should not neglect the so-called perceived performance. This is how entrepreneurs are satisfied with their success. Research limitations/implications – The study is limited to Slovenian SMEs, but can be generalised to other regions. The study offers notable contributions for research and practice (improvements in SME environmental factors). Practical implications – The personal traits and appropriate business environments can have beneficial effects on the entrepreneur's perceived performance. The findings can be used to guide the government in efficient management of different dimensions of entrepreneur environment. Originality/value – This study proved the existence of latent elements of the entrepreneur's perceived performance. It gives valuable information, which hopefully will help the policy makers and entrepreneurs to give greater respect to the meaning of critical personal and environmental factors.
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Pietrobon, Alberto. "Resourcing Lab Experiments for New Ventures: The Potential of a Start-up Database." Industry and Higher Education 23, no. 2 (April 2009): 139–41. http://dx.doi.org/10.5367/000000009788146638.
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Curley and Formica introduce a new concept for high-expectation start-ups, involving the use of ‘laboratory experiments’. These experiments prepare potential entrepreneurs for the challenges they will face by providing a combination of interactive business experience and an opportunity to deepen their knowledge of their future markets. This article argues that a database providing information about previous start-ups could be of great use to the would-be entrepreneur and would enhance the value of the experimental phase. The database would provide instant access to information that would contribute to the experimental process. Ready access to the histories of previous start-ups would help new entrepreneurs to learn from the successes and failures of others. In this respect it would increase their chances of turning their ambitious business ideas into practical realities outside the simulation bubble.
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MUHAMMAD, AMANDA J., ALINA M. WAITE, and DWUENA C. WYRE. "INFORMAL SECTOR RETAIL START-UPS IN A CARIBBEAN CONTEXT." Journal of Developmental Entrepreneurship 24, no. 02 (June 2019): 1950007. http://dx.doi.org/10.1142/s1084946719500079.
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Retailing dominates the informal environment where activities occur in private and public spaces. Notwithstanding the contributions from informal retailing entrepreneurs (IRE), a paucity of research remains on the complex entrepreneur-environment exchange and in particular, the relationship between retailing entrepreneurs and the informal environment in Caribbean economies. This qualitative study aims to explore the informal retailing environment between 2003 and 2018 for informal sector start-ups in the Caribbean, specifically Barbados. Guided by Gnyawali and Fogel’s Integrative Model of Entrepreneurial Environments, content analysis of newspaper articles unveiled insights about the country’s environmental conditions pertaining to (a) government policies and procedures, (b) socioeconomic conditions, (c) entrepreneurial and business skills, (d) financial assistance, and (e) non-financial assistance and its impact on new enterprise creations. The study’s results imply that the Barbadian IRE have not been embraced fully, which reduces the likelihood of new informal venture creations testing the market and the potential for more IRE transitioning to the formal market. Empirical findings infer that efficient market functioning requires clear policies and procedures and fewer barriers limiting people from pursuing business opportunities, making the environment more conducive to new business start-ups.
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A, MuhammedSajjad. "“Entrepreneurship Training and Start-up Behaviour- An exploratory Study”." Restaurant Business 118, no. 9 (September 26, 2019): 61–72. http://dx.doi.org/10.26643/rb.v118i9.7969.
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Entrepreneurship and entrepreneur are some of the widely used words nowadays. Studies have found out that entrepreneurship training increases the entrepreneurial intention in a positive way. This is an exploratory study on founders of start-ups at Maker Village (a technology start-up incubator) at Kalamassery Kerala to find out whether the entrepreneurs have undergone any entrepreneurship training before starting the enterprise and also during the start-up phase and whether such training/ education has any impact on their start-up behaviour. A questionnaire containing 38 multiple choice close ended questions and one open questions were given to the start-ups and 36 valid questionnaires were received in response. Convenience sampling was used for the study.Percentage analysis was done to analyse data, correlation analysis and Chi-square test were also done to validate the results.The study has found out that most of the founders of hi-tech start-ups in maker village Kerala had undergone some training or workshop in entrepreneurship before the start-up phase and during the start-up phase and agree that it had helped them in understanding the business and pursuing their current business respectively.So, the study highlights the importance of entrepreneurship training for budding entrepreneurs even in hi-tech start-ups.
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Menkiti, Max, and Trevor Ward. "Keeping the business afloat." Worldwide Hospitality and Tourism Themes 8, no. 2 (April 11, 2016): 216–20. http://dx.doi.org/10.1108/whatt-11-2015-0045.
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Purpose The purpose of this paper is to provide first-hand experiences of running a hotel business in Nigeria from the perspective of an entrepreneur. Design/methodology/approach An informal interview was carried out via email. Max Menkiti is an entrepreneur in the hospitality industry with extensive experience in bootstrap start-ups and operations in the UK and Nigeria. He is currently the Director of Millennium Apartments and Studios in Lagos. Before that, he developed and operated the @venue series of boutique hotels. Max has over 11 years experience in the hospitality industry in Nigeria. Findings The interview offers valuable insights for researchers in hospitality industry entrepreneurship so as to understand the rationale for business decisions. Originality/value The backdrop for this paper is the business environment in Nigeria. The transcript makes available an insider’s view of the number and form of issues that entrepreneurs face in emerging economies.
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JOHNSON, DAVID, and ROSA MA. "RECOGNISING ENTREPRENEURIAL POTENTIAL IN GRADUATE BUSINESS START-UPS: THE DEVELOPMENT OF A BEHAVIOURALLY BASED ASSESSMENT TOOL." Journal of Enterprising Culture 02, no. 02 (July 1994): 669–86. http://dx.doi.org/10.1142/s0218495894000203.
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This paper presents the initial results of an investigation oriented towards developing a Behaviourally Anchored Rating Scale (BARS) system to assess the entrepreneurial potential of individuals who are either running their own business or are in the process of considering start-up. A review of the literature identified seven dimensions as necessary, if not exhaustive, attributes of a successful entrepreneur. They are vision, internal locus of control, achievement orientation, calculated risk taking, need for autonomy, creativity and innovativeness, and opportunistic. Previous psychological studies have focused primarily upon personality traits, attitudes, and more recently upon cognitive representations. The actual behaviour of the entrepreneur has been excluded from the analysis. The methodology developed within this paper seeks to overcome this deficit by developing the above mentioned BARS. 16 graduates who are at various stages in the business start-up process were interviewed and data collected regarding the performance of the business. The interview was structured around critical incidents in the recent history of the business and focused specifically upon the individual responses in terms of the seven core dimensions. The interviews were video recorded and transcribed. Assessments of the performance of the business were made by a number of independent assessors who rated each of the sample in terms of progress and success. Initial findings indicate that the BARS do provide a valid measure of entrepreneurial potential as individuals who scored highly upon the BARS were those whose businesses were performing more successfully. As such, BARS could prove to be a very useful tool for research purposes and also in the selection and training of owner-managers and entrepreneurs. A longitudinal investigation is currently in preparation.
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Xi, Guoqian, Jörn Block, Frank Lasch, Frank Robert, and Roy Thurik. "The survival of business takeovers and new venture start-ups." Industrial and Corporate Change 29, no. 3 (January 23, 2020): 797–826. http://dx.doi.org/10.1093/icc/dtz076.
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Abstract Business takeovers and new venture start-ups are two important and distinct entry modes of entrepreneurship. They differ from resource-based and organizational ecology perspectives. We compare firm survival patterns and determinants associated with the two entry modes. From two large French datasets, we find that business takeovers have a higher survival rate than new venture start-ups. However, these differences in survival probability reduce over the entrepreneurship life cycle and when controlling for different entrepreneur and firm characteristics. Moreover, we identify differences in determinants of survival for the two groups, highlighting a distinction between the two entrepreneurship entry modes. This work contributes to the literature on the relationship between entrepreneurship entry and firm survival, thereby contributing to both entrepreneurship and firm survival research.
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Kumar, Narendra, and Dr L. K. Singh. "Status of Women-entrepreneur in Indian Startups." International Journal of Engineering Technology and Management Sciences 5, no. 2 (March 28, 2021): 1–12. http://dx.doi.org/10.46647/ijetms.2021.v05i02.001.
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Entrepreneurship refers to the process of creating wealth for the society with the entrepreneurial capability not only for the entrepreneur but also for the societal, government, and economy of nation cause by availing the opportunities in a fast-shifting social, political, legal and economic environment. The increasing rate of Start-ups has been registered over a couple of years and in maximum start-ups founders are male. Female entrepreneur is now initiating and performing at the digital platform. Females increasing number of enrolment in schools and higher education has contributed to innovative products and niche market. Women play a vital role in every sphere of life in the family and in building society as well. As far as an entrepreneur is concern there is insignificant participation of women entrepreneurs. In the 21st century, as women empowerment has become the main focus of discussion, the government and societies have identified the potentially women’s participation and their importance but still while creating policies women entrepreneur is ignored. The participation of women is necessary for socio-economic progress and for the large interest of any Nation. Strategy makers must understand the prerequisite for women entrepreneurs and avenues for women’s economic independence. The Government of India has defined women entrepreneurs as “An enterprise owned and controlled by women having a minimum financial interest of 51 per cent of the capital and giving at least 51 per cent of the employment generated in the enterprise to women. Women Entrepreneur is a person who accepts a challenging role to meet her personal needs and become economically independent.” This study analyses their current status causes that have provoked them to set free their entrepreneurial abilities into start-ups. The study will facilitate in understanding the women-entrepreneurship to researchers, policy-makers, educators and practitioners help them to foster a favourable conducive ecosystem for women-entrepreneur. This research study is based on secondary data where drawbacks in entrepreneurial policy are highlighted and some recommendations are given to promote the healthy growth of women entrepreneurs. As per scheme guidelines, in Entrepreneurship Awareness Programme(EAP) and Entrepreneurship Skill Development Programme (ESDP) there should be overall 40% women participation. This paper tries to analyze the participation of women startups in economic development and to identify various factors responsible for higher numbers of womenstartups. The causes of low female-start-up participation are difficult in access to finance and networks, responsibilities towards family and child-care, low level of confidence in business in women’s skills. This research paper tries to recommend some measures that can assist women’s entrepreneurial empowerment. This study also gives an insight into opportunity and prospect for female-entrepreneur and analyse start-up scheme of government to empower women entrepreneurs and the challenges they face.
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Zhou, Zhao, and Robert Verburg. "Open for business: The impact of creative team environment and innovative behaviour in technology-based start-ups." International Small Business Journal: Researching Entrepreneurship 38, no. 4 (January 11, 2020): 318–36. http://dx.doi.org/10.1177/0266242619892793.
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Rather than the view of the entrepreneur as a ‘lone ranger’, recent work has focused on the importance of teams in bringing a start-up to growth and success. Here, we aim to bridge the gap between the individual characteristics of entrepreneurs and the characteristics of their teams by examining openness of founders in relation to creative team environment (CTE), innovative work behaviour (IWB) and performance. On the basis of upper echelon theory and integrating other complementary theories such as the attention-based view, we develop a theoretical framework and test this using a survey of 322 high-tech entrepreneurs. Our findings suggest a mediating role of CTE and IWB in the relation between openness of entrepreneurs and performance. The implications of the results for managerial practices and future research directions are discussed.
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Cantù, Chiara, Sepe Giorgia, and Alessandra Tzannis. "Exploring the role of business relationships in start-ups’ life cycles." IMP Journal 12, no. 3 (November 12, 2018): 519–43. http://dx.doi.org/10.1108/imp-07-2017-0037.
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Purpose Differently from previous works that focused on the entrepreneur and on his ability to manage social relationships, the purpose of this paper is to investigate the role of business relationships in the different stages of the life cycle of a start-up. Design/methodology/approach Since the paper aims to explore startups’ evolutionary phenomenon, it adopts a qualitative abductive methodology, presenting an in-depth study of two innovative Italian start-ups. The research is based on two steps. In the first one, the authors collected secondary data from start-ups’ reports and documents, financial indicators (when available) and processed them to understand their background. In the second one, the authors conducted ten semi-structured interviews, including face-to-face interviews, phone interviews and video conferences. Findings The paper presents a relationship-based life cycle model composed of four different stages, depending on the number and role of relationships developed. Indeed, since the beginning, start-ups adopt a relational approach and their evolution involves the shift from the focus on the entrepreneur to the centrality of a network approach based on interconnected relationships. The entering into a new stage of life cycle depends on relationships, mainly based on connected actors and resources shared and combined. Even if a key role is assumed by technology, the main resource is identified in the knowledge concerning the customer/user’s needs that require marketing competencies, human resources, relational capabilities. Thus, the shift from one stage to the next in the start-up’s life cycle is possible thanks to a parallel shift from a focus on the activities to a focus on those strategic and heterogeneous actors that ensure activities. Originality/value In a traditional perspective, the start-up’s life cycle depends on activities, financial resources and revenues, as stated by previous life cycle models. In a different perspective, as depicted in our analysis, the evolution of a start-up depends on the portfolio of their business relationships. The role of business relationships is hence to facilitate the interconnections within specialized key actors, which allow start-ups to access strategic resources. These resources are essential in order to develop the activities that characterize the specific stage of the life cycle.
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SANNER, LEIF. "NEW VENTURES AS SUPPLIERS: THE BUILDING OF TRUST WITH INDUSTRIAL CUSTOMERS." Journal of Enterprising Culture 06, no. 04 (December 1998): 369–90. http://dx.doi.org/10.1142/s0218495898000217.
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The new venture starts in an equivocal situation. To use and build trusted relationships with external actors, notably customers in spe, is an important way for the entrepreneur to establish business. In an inductive in-depth case study between entrepreneurs and customers, trust was studied. For two business start-ups the entrepreneurs' building and use of trust in action processes between the new ventures and some of their customers was investigated covering 5 years. Using a frame of reference concerning new business trust, trustbuilding in action processes is identified in interviews. Patterns of trustbuilding are summarised, conclusions concerning trustbuilding in the cases are presented and discussed. Some possible contributions for practice and theory are outlined.
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FLETCHER, DENISE, EMIL HELIENEK, and ZVETA ZAFIROVA. "THE ROLE OF FAMILY START UPS IN THE EMERGENCE OF A SMALL BUSINESS SECTOR IN BULGARIA." Journal of Enterprising Culture 17, no. 03 (September 2009): 351–75. http://dx.doi.org/10.1142/s0218495809000369.
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It is widely reported that entrepreneurial activity has a significant role to play in transition economies such as Central and Eastern Europe but little is known about the role that the family unit plays in facilitating small business emergence in the former command economies. This is surprising given that the link between family and small business development has been widely researched in market economies. In this study, attention is drawn to the role that family relations and resources play in small business emergence. The study focuses on Bulgaria, a country in the Balkans with much cultural diversity and which became a European Union member in 2007–8. Analysis is undertaken of research material drawn from a survey of 69 small firms. 42% of the surveyed firms are two generation businesses involving the entrepreneur and children or parents. 35% of the businesses are three generation businesses involving the lead entrepreneur, parents, children and siblings. The remaining 33% are firms that are run by couples and/or siblings. This suggests that the family household is the key channel for (and of) small business formation. In neglecting the role of family start-ups, this gives a false understanding to the role that households and families sometimes contribute to the economy. At the same time, it is also partly because of this dependency on family relations and resources that small businesses become rooted in the 'informal economy' — an economy that is based on family favours and which it is difficult to break out of.
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Zaech, Simon, and Urs Baldegger. "Leadership in start-ups." International Small Business Journal: Researching Entrepreneurship 35, no. 2 (February 8, 2017): 157–77. http://dx.doi.org/10.1177/0266242616676883.
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This article explores the role of leadership in start-ups and outlines a model of when, why and how leadership behaviour of founder-CEOs influences start-up performance. The model has been tested using a sample of 102 start-ups and their founder-CEOs and includes feedback from 372 employees, rating their leadership behaviour of founder-CEOs. The results indicate that transformational leadership has a significant and positive effect on start-up performance. However, no significant, direct effects on start-up performance were found for transactional leadership or laissez-faire leadership. Furthermore, the size of the start-up has a significant, positive, moderating effect on the relationship between laissez-faire leadership and start-up performance, as well as a significant, positive, moderating effect on the relationship between the transactional leadership dimension, management by exception and start-up performance. Results indicate that for start-ups and their performance, leadership behaviour is as important as their context. Today, leadership is neglected by most entrepreneurs and is not considered a motivation for founding a business. The results show that founders should focus more on leadership behaviour.
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Abd Rahim, Noorlizawati, Zainai B. Mohamed, and Astuty Amrin. "Stimulating Technology-Based Start-Ups: Entrepreneurship Initiatives by University." JOURNAL OF INTERNATIONAL BUSINESS RESEARCH AND MARKETING 1, no. 6 (2015): 12–16. http://dx.doi.org/10.18775/jibrm.1849-8558.2015.16.3002.
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This paper aims to explore to what extent university’s role in providing supportive infrastructure contributes to venture creation. Specifically, best practices in stimulating technology-based start-ups have not been widely discussed in the context of developing country. Although the previous study has explored this from a management perspective, this paper provides further insights on how academic entrepreneurship or entrepreneurial activity in a university can be increased through various initiatives. Considering Universiti Teknologi Malaysia (UTM) as a case study, findings identify that collaborative business incubation and entrepreneurship education for academic entrepreneurs as evidence of practices that stimulates commercialization of university-invented technologies as well as develops academic entrepreneurs amongst research scientists.
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Salikhova, O. B., and O. O. Kurchenko. "State policy of the innovative start-up development in the interest of endogenous economic development: best foreign practices and recommendations for Ukraine." Ukrainian society 75, no. 4 (December 30, 2020): 57–80. http://dx.doi.org/10.15407/socium2020.04.057.
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The purpose of the article is to substantiate the theoretical and applied principles of small innovative entrepreneurship and develop recommendations for policies to promote the establishment of innovative start-ups, taking into account the best foreign practices in the interests of endogenous development of Ukraine’s economy. It is shown that the vital link in the ecosystem of start-ups is an entrepreneur-innovator. It is justified that the state’s efforts to accumulate knowledge and human capital should be complemented by encouraging innovative entrepreneurship. It has been found that the integration of start-ups into social networks and their close connection with the external environment is crucial, as well as the qualities of the entrepreneur-innovator and his team to overcome the problems of “novelty vulnerabilities” and “minor vulnerabilities”. Authors demonstrate that in the conditions of limited assets and a highly competitive market environment, the most perspective direction of developing innovative start-ups is their establishment of symbiotic relations with reputable companies. Their dynamic interaction and complementary measures, on the one hand, will ensure the viability of start-ups, and on the other, they will strengthen the technological potential of the existing business. Paper reveals the peculiarities of the policy of innovative entrepreneurship in the OECD countries. Development of innovative start-ups is a systemic process in which the government creates favourable conditions for its participants and directly participates itself. The state acts as an entrepreneur-innovator, taking on the risks of innovation related to uncertainty, and at the same time plays a role a contractor who buys an innovative product of start-ups, created with financial assistance within budget programs. Such policy of assistance at all stages – from development to implementation and introduction to the market promotes endogenous economic development and strengthening its position in the world market. It is revealed that the legislation of Ukraine only fragmentarily mentions certain aspects of the functioning of entities that form the ecosystem of innovative start-ups, without combining them into a single structure. This complicates the formation and implementation of a purposeful state policy to create necessary conditions and mechanisms to stimulate innovative entrepreneurship. To address the shortcomings, the authors propose regulatory and institutional changes. Paper recommends developing essential documents: the draft Law of Ukraine “On technology-oriented start-ups” and the project “Strategy for the development of technology-oriented start-ups in the interests of innovative development of the Ukrainian economy”.
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Singh, Satwinder. "Fearful to be an entrepreneur? A cross-country analysis of factors inhibiting entrepreneurship." Journal of Research in Emerging Markets 1, no. 4 (October 11, 2019): 11–19. http://dx.doi.org/10.30585/jrems.v1i4.373.
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This paper is an empirical analysis that has explored personal and socio-economic factors that may inhibit entrepreneurial activity in two diverse countries--the UK and Brazil. Results show that British and Brazilian males, when they are skilled are less afraid to start a new venture. Results also show that this could be owing to a high status accorded in both the countries to new business start-ups. However, whereas media publicity may add to the fear factor of starting a business in the case of British entrepreneurs; it lessens the fear in the case of Brazilian entrepreneurs. Past failures seem to have no impact on British entrepreneurs, but such failures do seem to add to the fear in Brazilian entrepreneurs. Positive planning to start a new business adds to optimism for British entrepreneurs. Contrary to UK males, younger Brazilian males are less fearful of starting a new business.
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FOURATI, HÉDIA, and RIHAB BEN ATTITALAH. "ENTREPRENEURIAL OPTIMISM, THE NATURE OF ENTREPRENEURIAL EXPERIENCE AND DEBT DECISION FOR BUSINESS START-UP." International Journal of Innovation Management 22, no. 03 (March 29, 2018): 1850024. http://dx.doi.org/10.1142/s136391961850024x.
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This paper studies the entrepreneurial optimism and debt decisions for business start-up. By analysing a sample of 160 business start-up and by using the panel data estimation, we study entrepreneurs’ optimism and its impact on debt decision of business start-up. The measure of entrepreneurial optimism is based on the entrepreneur earnings forecasts initiated by Lin et al. (2005). Meanwhile, the nature of entrepreneurial experience (serial and portfolio entrepreneur) has an effect on entrepreneurial optimism and leads to more or less optimistic entrepreneur. The results reveal that optimistic entrepreneur prefers equity in funding the financial deficit. Serial entrepreneurs tend to use more debt funding. In the dynamic model, the entrepreneur acquiring business concurrently adjusts slowly to debt ratio. Nevertheless, the sequential entrepreneurial experience leads to more optimism and so on more debt use. Given the governance role played by banks, the high adjustment cost for start-up is a consequence of the efficiency of the quality of control exercised by banks that in spite of entrepreneurial optimism, the entrepreneur does not convince the financiers to be so confident on the prospect of the business.
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Osintsev, Yury. "Venture financing of start-ups: A model of contract between VC fund and entrepreneur." Ekonomski anali 55, no. 187 (2010): 61–86. http://dx.doi.org/10.2298/eka1087061o.
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Venture capital has become one of the main sources of innovation in the modern, global economy. It is not just a substitute for bank loans: it has proven to be a more efficient way of financing projects at different stages. On one hand, venture financing allows for projects with higher risk, which leads to the possibility of higher returns on investment. On the other hand, venture investors who usually have managerial experience often participate in governing the business, which certainly adds value to the enterprise. In this paper we establish the model of contract between the venture capital fund and the entrepreneur, focusing on probably the most important issue of this contract: the shares of the parties in the business. The shares in the company determine the distribution of the joint surplus. The expected joint profits are not just exogenously specified in the contract but are dependent on the behavioral variables of both parties at the stage of fulfilling the contract. We call the behavioral variable of the entrepreneur ?effort? and the one of the venture fund ?advice?. The probability of the project?s success, and hence the expected joint revenues, are increased by these two. However, both kinds of effort are costly to the respective parties that have made them. Based on this fact we can elaborate the profit functions of both sides of the contract. Our model can be considered as a basis for specifying contracts concerning venture financing. It can provide the logic for how the equilibrium shares of entrepreneur and venture fund are obtained.
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Sajjad, Syed Imran, and Aasim Munir Dad . "Impact of Culture on Entrepreneur Intention." Information Management and Business Review 4, no. 1 (January 15, 2012): 30–34. http://dx.doi.org/10.22610/imbr.v4i1.960.
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The main purpose of this study is to identify the role of entrepreneurship in Pakistan. After reviewing the literature, researchers identify those predictors who influence the entrepreneur’s intention with the help of socio cognitive model. National culture of a country influences the entrepreneur’s intention to start new business. Perceived feasibility, perceived desirability and entrepreneurs experience has a direct impact on entrepreneur’s intention. The study finds out the impact of culture on entrepreneur intention, different cultures have different ways to influence the entrepreneur intention and different ways to impact on intentions towards perceived feasibility and perceived desirability .The study helps entrepreneur’s decision making process and also helps out the development of further new business in Pakistan, motivates students to become entrepreneurs and analyzes their feasibility and desirability. Culture varies from country to country, within country different provinces, how different cultures, different traditions, norms and values. So in future, it helps to analyze entrepreneur’s intention in different cultures.
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CHAO, LI-WEI, HELENA SZREK, NUNO SOUSA PEREIRA, and MARK V. PAULY. "TOO SICK TO START: ENTREPRENEUR'S HEALTH AND BUSINESS ENTRY IN TOWNSHIPS AROUND DURBAN, SOUTH AFRICA." Journal of Developmental Entrepreneurship 15, no. 02 (June 2010): 231–42. http://dx.doi.org/10.1142/s108494671000152x.
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Unlike large firms with management teams, small businesses are usually run by one key person, the owner-entrepreneur, who bears almost all of the risks and makes most of the decisions related to the business. Because the owner-entrepreneur also embodies most of the firm-specific knowledge capital, health of the owner-entrepreneur is an important factor in the production process. Following a cohort of respondents in townships around Durban, South Africa, over a three-year period, we examined the relationship between an individual's physical health and the decision to start a business. Our results suggest respondents who were recent business entrants were in better health than respondents who did not start new businesses. Moreover, respondents without a business at the beginning of the study who later opened businesses during the study interval were significantly more likely to have better baseline health than those respondents who never started a new business. Hence, good health among entrepreneurs seems to be an important prerequisite to small business entry.
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N, Tiruvenkadam, Ilangkumaran M, Saranya M, and Thulsidharan R. "Nano Coating Start-ups Opportunities in India - A Review." Bulletin of Scientific Research 1, no. 2 (November 16, 2019): 12–20. http://dx.doi.org/10.34256/bsr1922.
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Nano Coatings are nanotechnology-based coatings with very fine, thin layers of nano particles that are used to impart specific chemical and physical characteristics to a substrate surface .Nano coatings can easily be adopted for several uses .The future of the global nano coating market looks promising with opportunities in industries such as food preservation, metal coating, textile industries, etc., The market is further expected to reach a figure of US$ 13.5 Billion by 2023, exhibiting a CAGR (Compound Annual Growth Rate) of 20.6% during 2018-2023.Increasing demand for nanotechnology in emerging countries, including China, Japan and India, supports the growth of the nano - coating market in Asia Pacific. Increase in commercial and government investment in sectors such as automotive, infrastructure, shipping port projects and general manufacturing is growing rapidly Indian government is providing various start-up funds to encourage entrepreneur. This article deals with advance materials technology in the current era of Industry 4.0 which has huge scope for business opportunities in all kind of new innovators in nano coatings.
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Matricano, Diego. "What's New in the Launching of Start-ups?" Industry and Higher Education 23, no. 2 (April 2009): 133–37. http://dx.doi.org/10.5367/000000009788146610.
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The exploitation of knowledge and experience is increasingly important to companies operating in the globalized economy, faced with intense competition and striving to make headway in difficult markets. If such exploitation is important for existing companies, able to develop their own knowledge from previous experience, it is critical for new ventures that have no direct real-world experience on which to draw. Would-be entrepreneurs now operate in a very different business environment from that of their predecessors and they need new forms of entrepreneurship education and new methods of pre-launch trial and analysis for start-ups. The transition from ‘nature’ to ‘nurture’ in the approach to and perception of entrepreneurship, coupled with the increasingly engaged economic role of higher education institutions and research centres can be manipulated effectively to improve the prospects for success of high-expectation entrepreneurs. This article demonstrates how Curley and Formica's model of the experimental laboratory for would-be entrepreneurs responds to the new business environment and the new thinking.
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Yang, Wenke, Qianting Ma, Meile Tian, Lei Wang, and Jianmin He. "The Staged Financing Selection Mechanism for Government to Maximize the Green Benefits of Start-Ups." Mathematical Problems in Engineering 2021 (June 17, 2021): 1–13. http://dx.doi.org/10.1155/2021/9921355.
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In this study, we investigate the most common forms of government grant in green start-ups, which are appropriation, interest-free bank loans, and tax subsidies. These mechanisms are used to mitigate the problem of higher research costs and sunk costs of start-ups on green innovation and help venture investors better monitor the business plan, asset use, and agency cost and regularly collect information of start-ups to retain the right to terminate financing projects and improve the efficiency of them. The aim of this work is to develop a theoretical model of the agency among the government, the venture capitalists who only pursue monetary income, the strategy investors who pursue strategic objectives and monetary income, and the entrepreneur who takes into account both the influence of different forms of government grant on entrepreneur financing at a different stage and the improved monitoring process of venture investors owe to the staged capital infusion of government. The model shows that the optimal staged financing decision is given when the first target of the government is to achieve social welfare optimization and the secondary goal of maximizing green benefits. Moreover, the model explains the optimal staged financing decision of venture investors and equity stake share in different rounds. Ultimately, we find the optimal staged financing portfolios for green start-ups to acquire venture investment, reduce the staged financing uncertainty, and help the government realize a national green innovation strategy.
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Voinea, Cosmina Lelia, Marcel Logger, Fawad Rauf, and Nadine Roijakkers. "Drivers for Sustainable Business Models in Start-Ups: Multiple Case Studies." Sustainability 11, no. 24 (December 4, 2019): 6884. http://dx.doi.org/10.3390/su11246884.
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Mechanisms that large organizations employ to facilitate corporate social responsibility (CSR) engagement simply do not apply to start-ups due to distinct differences. The purpose of this study was to gain insight into how start-ups strive for sustainability in their business models by investigating internal and external drivers related to organizational processes, managerial characteristics, and stakeholder expectations. We explored key factors such as decision-making regarding CSR engagement, business values about sustainability, entrepreneurial orientation, and the relevance of the CSR theater (philanthropic orientation, disruptive innovation, or transforming the ecosystem). Multiple case studies and interview data elucidated how start-ups engage with their community and stakeholders to determine the best approach to sustainability demands, how start-ups embed sustainability practices within their business models, and how these practices match with the entrepreneurs’ personalities. On the basis of our case studies and data analysis, we propose that the decision to engage in CSR is treated as an investment decision. The business values of a start-up determine its CSR engagement. The philanthropic drive of a start-up determines its CSR initiatives, which are then in line with the field the start-up is operating in. Entrepreneurs’ willingness to adopt CSR practices is determined by their personalities and organizational expertise and experiences. CSR engagement within the business models of start-ups is based on a combination of financial and social capital, while financial benefits act as a continuous motivator for CSR engagement from inception.
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Berggren, Björn, Andreas Fili, and Mats Håkan Wilhelmsson. "The effect of house prices on business start-ups: A review and analysis using Swedish regional data." REGION 4, no. 1 (January 17, 2017): 1. http://dx.doi.org/10.18335/region.v4i1.95.
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Entrepreneurs are at the core of economic development in that they start new businesses or make existing firms grow. To fulfill this important role, entrepreneurs need access to finance. Owing to information asymmetry and the relatively high risk associated with business start-ups, many financiers shy away from engaging in relationships with firms during the early stages of their development. Based on the existing body of knowledge on the financing of entrepreneurship, we know that insider finance is of paramount importance in the early stages of firms’ development. We expand this knowledge base by analyzing the influence of house prices on business start-ups across municipalities in Sweden. In our analysis, we include data from all municipalities in Sweden. Our data on house prices and control variables are collected in period one, and our data on the frequency of start-ups are collected in period two. We find that rising house prices in a municipality lead to a higher frequency of start-ups. In our regression analysis, we find that a 1% increase in house prices leads to a 0.14% increase in start-ups. Our findings are in line with the limited international research that has been previously conducted, and for this reason, they could be seen as a vital addition to the existing body of knowledge within the area of entrepreneurship and regional development.
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Raposo, Mário, Arminda do Paço, and João Ferreira. "Entrepreneur's profile: a taxonomy of attribu tes and motivations of university students." Journal of Small Business and Enterprise Development 15, no. 2 (May 16, 2008): 405–18. http://dx.doi.org/10.1108/14626000810871763.
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PurposeThis paper aims to identify the profile of the potential entrepreneur student in what concerns the personal attributes and motivations for start‐ups' creation.Design/methodology/approachA review of literature related to the entrepreneur profile is made in order to justify the importance of the theme. Through some studies it was possible to identify a diversity of works and authors that present some aspects which contribute to the characterisation of entrepreneur individuals. The present research uses primary data obtained by means of a questionnaire, involving a sample of students, which were currently engaged in a graduation course at the University of Beira Interior. The questionnaire was administrated by interviews conducted in the classrooms of the University's faculties. The collected data were submitted to a multivariate statistical analysis.FindingsResearch findings include the existence of a typology of two distinct groups of students, respectively designated by “The accommodated independents” and “The confidents”, according to the most outstanding characteristics related with several attributes and motivations presented by each of them.Practical implicationsThe identification of the entrepreneurs' characteristics and the knowledge of the potential business creator students' profile may be important for the development of an adequate educational programme directed to the entrepreneurship education and start‐up processes.Originality/valueThe paper identifies some important characteristics that are common in entrepreneurs. The findings could be used both to promote entrepreneurship in our education systems and to identify the best practices.
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Spyropoulos, Theocharis Stylianos. "A Knowledge Management Challenges for Start-Ups: A Framework Proposal." IJEBD (International Journal Of Entrepreneurship And Business Development) 3, no. 3 (September 30, 2020): 248–60. http://dx.doi.org/10.29138/ijebd.v3i3.1006.
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The study reviews the knowledge management challenges faced by innovative start-ups founders and entrepreneurs. Knowledge management is critical for innovation, since both organisations and individuals face very specific needs: collection of a wide variety of information and data, such as market data and technical information, and a wide range of transformation of these data into applicable knowledge, in the forms of required product specifications, business model, and business strategy. In addition, the business financing and investment ecosystem (especially Banks & Venture Capitals) uses a traditional “business plan” approach for evaluating innovation companies. Furthermore, a wide range of tools (databases, online information, Collaboration Systems, Business Intelligence Systems, ERP & CRM Systems) enable information flow and supports decision making process.
To this respect, both academic literature and business experience highlight the need to improve Knowledge Management process both for individuals and organisations engaged in Innovation management.
The proposed framework provides academics, entrepreneurs and venture capital companies a new approach for identifying critical success factors knowledge management and further improves decision making in a changing and challenging business environment. Finally the study highlights key areas for further research.
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Kremel, Anna. "Fulfilling the need of business advisory services among Swedish immigrant entrepreneurs." Journal of Entrepreneurship and Public Policy 5, no. 3 (November 7, 2016): 343–64. http://dx.doi.org/10.1108/jepp-03-2015-0017.
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Purpose Taking the entrepreneur’s perspective and a broad view of business advisory services, the purpose of this paper is to examine to what degree the need of business advisory services among Swedish start-ups, first-generation immigrants compared to non-immigrants, is fulfilled. Design/methodology/approach The sample data consist of a unique and comprehensive firm-level database and contain telephone interviews with 2,800 Swedish start-up entrepreneurs. The study examines 20 different kinds of business advice services, in terms of both need and use. Statistical methods such as Mann-Whitney test and regression analysis are used while controlling for entrepreneurial characteristics. Findings The findings suggest that immigrants’ compared to non-immigrants’ need for business advisory service was not fulfilled. Of the 20 different business advices, ten were fulfilled and ten were not fulfilled. Both strategic advice and operational advice were fulfilled as well as unfulfilled. Apart from ethnicity, other variables did influence the need of business advisory services. Research limitations/implications The author was not able to make comparisons between different immigrant groups. Practical implications This study offers an explorative approach that contributes on how business advisory services are differentially tailored between start-ups by immigrants and those by non-immigrants. It illustrates to what extent public- and/or private-funded organizations contribute to fulfilment of the needs of immigrant and non-immigrant start-ups. Originality/value Few studies take the entrepreneur’s perspective and from such a perspective examine the fulfilment of needs of advice regarding both private and public organizations role in the area. Both the need and the use of business advisory services are studied as well as the kind of business advice that is needed.
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Teberga, Pedro Marins Freire, and Fábio Lotti Oliva. "Identification, analysis and treatment of risks in the introduction of new technologies by start-ups." Benchmarking: An International Journal 25, no. 5 (July 2, 2018): 1363–81. http://dx.doi.org/10.1108/bij-06-2017-0156.
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PurposeInnovation, digital solutions and scalability are some of the integral distinctive elements of start-ups. Due to these factors, the management of risks for businesses of this nature demands a specific approach. The purpose of this paper is to propose the identification, analysis and treatment of risks in the introduction of new technologies by Catarse, the biggest site for crowdfunding in Latin America, founded with the vision of net present value adjusted to the risk of developing a new product (NPVR) and enterprise risks in the environment of value, aiming to provide the guidelines for the improvement of this process.Design/methodology/approachThe empirical research realized in this study is of a qualitative nature and was conducted using the case study method, which had its data collected through interviews with key managers and documents provided by the organizations. Data analysis was based on Mileset al.’s (2014) model, whereby data were condensed and visualized, and conclusions were developed and checked.FindingsAmong the main results, there is the proposition of a deductive-inductive analysis of risks in start-ups by means of calculation of the net present value adjusted to the risk of developing a new product (NPVR), analysis of the decisions made by the entrepreneur and the processes of business communication and development of the product.Practical implicationsThe authors propose the identification of important factors for the management of uncertainties and risks in start-ups.Social implicationsThe authors present an important case study in Latin America, Catarse, which helps entrepreneurs to develop their start-ups.Originality/valueAs the main contribution, this paper proposes the identification of elements for the management of uncertainties and risks in start-ups, which brings elements to provide the calculation of the net present value adjusted to the risk of developing a new product (NPVR), process or service, as well as the contribution of the level of risk management maturity of the studied company.
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Anusha, Tanneru, Nedunuri Sushma, M. B. Sai Rohit, and A. Akhil. "Creating Financial Statements For Start-Ups." Shanlax International Journal of Arts, Science and Humanities 8, no. 1 (July 2, 2020): 104–14. http://dx.doi.org/10.34293/sijash.v8i1.2391.
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This paper represents the sample of entrepreneurs who are in the process of starting a business. At investigates the determinants of financial projections and statements in start-ups. The predictions information in economics is consistent. There is a positive association frequency of financial statement preparation concerning the use of outside funding, level competition, and venture scale. There are alternative influences and suggestions that benefit in reducing competition and uncertainty in fundamental variations to prepare financial statements. For instance, cash statements are more important for start-ups, and frequency varies among different financial statements with products in earlier stages of development and with greater competition. In contrast to this financial statements projections and regular forecasts of sales by start-ups are positively associated with the importance of intangible investments such as parents, research, and development. The start-ups in high –tech industries are used for projections.
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Camacho-Miñano, María-del-Mar, and Cristina del Campo. "The role of creativity in entrepreneurship: an empirical study on business undergraduates." Education + Training 59, no. 7/8 (August 14, 2017): 672–88. http://dx.doi.org/10.1108/et-08-2016-0132.
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Purpose The purpose of this paper is to analyse the creativity level of business administration undergraduates who have attended an entrepreneurship seminar in contrast to those that have not. Design/methodology/approach Using two samples of Spanish students, the factors that condition the creation of new start-ups are analysed. A survey following the creativity items from the Kirton Adaption-Innovation (KAI) inventory was employed for a start-up seminar students and a control sample. Non-parametric tests were carried out on the responses. Findings The results show that Spanish business students’ entrepreneurial intentions are not conditioned by entrepreneurial courses, parental self-employment or by their creativity level. However, there are differences in creativity level by genders for their future ability to start-up a company. Practical implications There are no external constraints on not being an entrepreneur, who plays a fundamental role in the future of a country and it is a way to reduce current youth unemployment rates. Social and educational implications are also presented. Originality/value The use of the KAI inventory as a proxy of creativity index is original in the research. Moreover, this study contributes to a better understanding of the factors in becoming an entrepreneur, through exposure to creativity, growing up around businesses and awareness of individual creativity index. Integration of university courses with entrepreneurship actions will be of interest to the society development.
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Bridge, Simon, and Cecilia Hegarty. "An Alternative to Business Plan Based Advice for Start-ups?" Industry and Higher Education 26, no. 6 (December 2012): 443–52. http://dx.doi.org/10.5367/ihe.2012.0122.
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Business plans are advocated by many business support professionals and others, such as educators in higher education institutions, because they suit their purposes. A typical view is that a business plan is ‘one of the most important steps in setting up any new business’ (Burns, 2011); but their hegemony is now being questioned. Sarasvathy (2008) suggests that effectuation is the method often favoured by expert entrepreneurs and this paper seeks to combine it with an exploration view of entrepreneurship to produce an alternative tool for start-up ventures. The paper compares the pros and cons of each approach and suggests that an exploration approach is often more natural, logical and effective than the business plan based alternative.
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Witt, Peter. "Entrepreneurs’ networks and the success of start-ups." Entrepreneurship & Regional Development 16, no. 5 (September 2004): 391–412. http://dx.doi.org/10.1080/0898562042000188423.
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Alam, M. Sayeed, Kohinoor Biswas, and M. M. Sulphey. "A Case Study on the Entrepreneurial Process of Push and Pull Women Entrepreneurs." South Asian Journal of Business and Management Cases 10, no. 2 (August 2021): 207–17. http://dx.doi.org/10.1177/22779779211028536.
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The study presents two entrepreneurship typologies: necessity-driven and opportunity-driven. ‘Opportunity’ entrepreneurs start a business to pursue an opportunity, while ‘necessity’ entrepreneurship is requirement-based and attempts for the best option available in the absence of alternate employment opportunities. Push and pull effects are analogous to necessity-based and opportunity-based entrepreneurship. The study explored success through stages of the entrepreneurial process. The push entrepreneur proved her resilience despite the absence of spousal support. Behind the pull entrepreneur’s success was spousal support. The key findings are that success is influenced by the entrepreneur’s grit, willpower and attitude. The objective of the case is to study two typologies of entrepreneurship, based on their motivation to become an entrepreneur—necessity-driven and opportunity-driven. It also examines the various factors that could influence the success of entrepreneurship. Both entrepreneurs discussed in the study had several common factors. The two succeeded in their entrepreneurship due to their sheer grit, determination and a feeling of higher purpose. Multiple pieces of evidences exist to show that grit is a success factor linked to positive outcomes. The phenomenon studied in this case include ‘opportunity’ and ‘necessity’ entrepreneurs. It also studied the push and pull effects in entrepreneurship, which are analogous to opportunity-based and necessity-based entrepreneurship. The push entrepreneur was involved in boutique business, and pull entrepreneur was in catering business. The findings are that the push entrepreneur demonstrated resilience despite many drawbacks. The success of the pull entrepreneur’s involved spousal support too. In both cases, the critical finding is that success is influenced by the entrepreneur’s grit, willpower and attitude. Further, neither of the women entrepreneurs took any loan to fund their business. Both entrepreneurs discussed in the study had a few common factors. Both of them were educated. The two entrepreneurs exhibited grit, determination and a feeling of higher purpose. Grit has been found to be a success factor and linked to positive outcomes.
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Noke, Hannah, and Thomas Chesney. "Prior knowledge: the role of virtual worlds in venture creation." Journal of Small Business and Enterprise Development 21, no. 3 (August 12, 2014): 403–13. http://dx.doi.org/10.1108/jsbed-04-2014-0057.
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Purpose – Creating a new business often ends in failure arguably the more knowledge of the start-up process an entrepreneur has the more successful the outcome. Whilst business simulations have been researched, the role of virtual worlds in aiding nascent entrepreneurs in gaining important experiential learning is lacking. The paper aims to discuss these issues. Design/methodology/approach – This qualitative research involved six months observational data, with nine in-depth semistructured interviews with the small business owners based in the virtual world Second Life. Findings – The findings highlight important similarities between “real world” and “virtual world” businesses. The nascent entrepreneurs reported a sense of running the business as any other business. The level of risk, in terms of capital, for setting up a virtual business is far less than the real world. However, risks are still associated with a virtual business with entrepreneurs investing time to run the business. Originality/value – The findings of this study provide important insight into how prior knowledge can be gained through participating in “real” business activities, other than business simulations. Virtual worlds provide can play an important role in aiding nascent entrepreneurs to gain important prior knowledge of the start-up process, that the authors can anticipate will aid the entrepreneur in further ventures.
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Abdelnaeim, Shrouk Mahmoud, Noha M. El-Bassiouny, and Pallab Paul. "Up-fuse transforming plastic waste into innovative products: the case study of a sustainable Egyptian start-up." Emerald Emerging Markets Case Studies 11, no. 1 (March 1, 2021): 1–13. http://dx.doi.org/10.1108/eemcs-04-2020-0131.
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Learning outcomes Understand the implementation phase of sustainable start-ups. Identifying the 4 Ps of sustainable start-ups. Understand the different types of challenges faced by Up-Fuse regarding their target customers and their value proposition. Highlighting the important strategic decisions that sustainable start-ups have to consider in their business cycle. Analyzing the differences between the market conditions globally and in the Middle East and North Africa (MENA) region. Case overview/synopsis Sustainable entrepreneurship is the type of entrepreneurship that is market-oriented and creative while at the same time putting the environment, society and economy into consideration. Sustainable entrepreneurs offer value through their goods and services that are beneficial or at least do not harm the environment or the society. The case provides background information and facts about doing business in the MENA region and Egypt specifically. Afterward, the case study emphasizes the challenges that are faced by sustainable entrepreneurs in Egypt through analyzing the case of a sustainable Egyptian start-up. The case study is on Up-Fuse, one of the sustainable start-ups in Egypt that produce backpacks, shoulder and waist bags, laptop sleeves, cases and pouches. This case study aims at describing the different challenges and strategic decisions that sustainable start-ups go through in Egypt. Complexity academic level This case targets undergraduate management students, marketing students, master of business administration students, entrepreneurship students and entrepreneurs. This case can be taught in courses with marketing, entrepreneurship and sustainability focus. Supplementary materials Teaching notes are available for educators only. Subject code CSS 3: Entrepreneurship.
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Wevers, Herman T., and Cosmina L. Voinea. "Corporate Social Responsibility as Core Competence for the Business Model of Social Start-Ups in the Netherlands." European Journal of Sustainable Development 10, no. 1 (February 1, 2021): 23. http://dx.doi.org/10.14207/ejsd.2021.v10n1p23.
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Little is known about how social enterprises and social start-ups compete with the bigger players on the market. It could be reasoned that social start-ups gain an advantage by the deployment of Corporate Social Responsibility (CSR) elements from the early beginning as a part of their core competences. The aim of this paper is to investigate if CSR elements can be a core competence and how they can contribute to the robustness of the business models of social start-ups. Data was gathered by conducting a case study and interviewing four social entrepreneurs in the first half of 2017. The data was analyzed with the help of a framework built upon the CSR pyramid, the business case for CSR and the Canvas business model. The main findings show that the CSR elements economic, ethical and discretionary responsibilities can be a core competence for social start-ups. Moreover, CSR elements can play an important role in the design of social business models. Especially the deployment of interrelationships between the CSR elements seems to be effective in designing a robust business model of a social start-up.
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Alharbi, Mutaz Minwer Halal. "Entrepreneurship and Job Creation in Jordan: Challenges and Prospects for Start-ups." Journal La Bisecoman 1, no. 3 (July 14, 2020): 1–10. http://dx.doi.org/10.37899/journallabisecoman.v1i3.114.
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The aim of this article is to assess entrepreneurship activities in Jordan and present how start-ups reduce unemployment. The article also explores the challenges that start-ups face and how such challenges hinder entrepreneurs from engaging in business smoothly. The sample of the study comprises two hundred start-ups distributed in different regions in the country. The method of analysis employed is primarily descriptive statistics in the form of frequencies. Moreover, the binary logit model is used to check the prospects of self-employment and business creation attitudes among youth. The findings of the study reveal that entrepreneurship is one of the main strategies for creating jobs in Jordan, and it contributes to the overall growth of national economy. The study also reveals that the major challenges to engage in start-ups are related to financing and fundraising, regulations of taxation and interpretations of laws. The study also identified a considerable lack of entrepreneurial training at the early stages of business creation.
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Sidgel, Minu. "Women Entrepreneurs in Kathmandu Valley." PYC Nepal Journal of Management 10, no. 1 (August 31, 2017): 31–39. http://dx.doi.org/10.3126/pycnjm.v10i1.36065.
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Women entrepreneurship entails business ownership and business creation that empowers women economically. It increases their economic strength as well as position in the society. Women entrepreneurs face number of problems to start and sustain business enterprises. They lack access to capital, training, technical and financial knowledge. This research looks at the personnel characteristics of women entrepreneur in Kathmandu valley and their motivational factor to start a business. It also looks at some of the problems faced by women entrepreneur in relation to capital formation and technical knowhow. This study used primary data and it was collected through a set of questionnaire and interviews of women entrepreneurs registered with the DSCI, FNCCI, FWEAN and Nepal Chamber of Commerce within Kathmandu valley.
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Calvo, Jorge. "High-Tech Start-Ups in Japan: Cogent Labs, AI-OCR Solutions for Automated Business Process Outsourcing." International Journal of Entrepreneurial Knowledge 6, no. 2 (December 1, 2018): 12–31. http://dx.doi.org/10.2478/ijek-2018-0011.
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Abstract This business research case introduces Cogent Labs, a Japanese high-tech start-up that provides AI-driven technologies, is making the critical transition from an entrepreneur-driven to a mature management-run organization, the company’s business context and technology development. That requires to harmonize the entrepreneurial and managerial capacity, by a collaborative approach integrating cross-functional product teams. The high-tech start-up has demonstrated ability to overcome the transitional stage of the first entrepreneurship to stability and sustainability through the management, while at the same time keeping innovation by adding Natural Language Processing and Times-Series developments, and creativity; rapidly developing new products. The business case demonstrates that in the start-up to managerial transition of a high-tech start-up the key success factor lies in the motivation and coordination of the different professional cultures -scientific and engineering- that should collaborate in the AI research and fast development of viable products. The method is based on interviews conducted with key executives and a strategic analysis of the firm and its rapidly evolving context in terms of artificial intelligence (AI) and deep learning. The start-up company develops AI-based applications like Tegaki AI, supporting their initial clients from the financial sector in the incremental automation of business processes, based on AI-and Internet of Things (IoT)-driven business processes. Tegaki AI triggers non-strategic business decisions through optical character recognition (OCR) and optical handwriting recognition (OHR) algorithms that show 99.2% accuracy. This business case describes the context of entrepreneurship ecosystems in Japan and the economic emergence of business smartization solutions through the new AI paradigm and OHR.
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Joshi, Manoj, and Apoorva Srivastava. "I have a dream: Ayuvayur Pharmaceuticals." Emerald Emerging Markets Case Studies 3, no. 1 (April 19, 2013): 1–10. http://dx.doi.org/10.1108/eemcs-10-2012-0183.
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Subject area Start-ups, entrepreneurship, innovation and innovative practices, risks, uncertainties, differentiation, internationalization, competition, business models, operationalizing and implementing strategy. Study level/applicability The case is suitable for MBA students. Case overview Vinay moved to the capital city of a Northern Indian state, which also happened to be a commercial hub, after his family business failed. The family succumbed to living in a room without electricity and doors. Vinay had dreamt of establishing his own business empire by being a successful entrepreneur. Steered by this intent, he established a pharmaceutical company with the name of Ayuvayur Pharmaceuticals. The challenge was to establish an innovative Ayurveda-based pharmaceutical products-based firm and to build a leading business empire with a customer focus. Progress was not smooth and the challenges ahead multiplied. Despite his ability to cope with barriers, risks and uncertainties, Vinay and his business, was challenged to grow globally and emerge from its nascent structure. How should the business expand? Expected learning outcomes Students can discover the following key learning points: how an enterprise is born; the importance of entrepreneurial recognition and orientation; the lead characteristics of an entrepreneur; how a start-up is born despite the unfamiliarity of the entrepreneur with the field he enters; the role of innovation in a small enterprise; and the risks, barriers, uncertainties and challenges associated with entrepreneurial activity. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.
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Matricano, Diego, and Alberto Pietrobon. "Experimental Labs for Start-ups: The Role of the ‘Venture-Sitter’." Industry and Higher Education 24, no. 5 (October 2010): 318–22. http://dx.doi.org/10.5367/ihe.2010.0002.
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Curley and Formica's (2008, 2010) studies of high-expectation entrepreneurship focus on the role of ‘experimental laboratories’ in promoting the start-up and successful development of high-expectation firms. Although it is not difficult to understand the potential usefulness of these experimental labs – business simulators in which skilled partners test high-expectation business ideas proposed by prospective entrepreneurs – some aspects of their implementation need to be clarified. There is a need for such a facility because the demand for knowledge from high-expectation entrepreneurs is currently not being met by the supply of available knowledge from experts. The ‘experimental lab’ process is regarded as coming to an end when the idea has been thoroughly tested and is ready for launch into the marketplace. However, some uncertainties remain about the nature of the proposed process, especially with regard to the precise means adopted to achieve the final aim. This article extends the authors' previous commentaries (Matricano, 2009; Pietrobon, 2009) on Curley and Formica's proposal. It considers the key role of the ‘venture-sitter’ in an experimental business laboratory. Venture-sitters are experts who, mirroring the approach of the baby-sitter, aim to obtain the trust of other experts (the ‘relatives’) and aspiring entrepreneurs (the ‘parents’) while looking after the new entrepreneurial idea (the ‘child’) to ensure that it is nurtured and developed in the best way possible.
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Curley, Martin, and Piero Formica. "Laboratory Experiments as a Tool in the Empirical Economic Analysis of High-Expectation Entrepreneurship." Industry and Higher Education 22, no. 6 (December 2008): 355–63. http://dx.doi.org/10.5367/000000008787225993.
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High-expectation start-ups are firms launched by entrepreneurs with high ambitions for growth. The encounter between new technology and entrepreneurship that characterizes such new ventures has a significant impact on the nature and speed of economic development, driving the growth of high-technology industries and helping to make the economic system open, complex and adaptive. Thus high-expectation entrepreneurship deserves special attention in entrepreneurship education. This paper introduces and explains the importance of high-expectation entrepreneurship. Then, using an approach borrowed from both experimental scientific research and the practice of medicine, the authors propose a form of business idea testing and entrepreneur training in a laboratory environment. The ability to transpose, test and iterate new ideas and models in a business laboratory has significant potential in terms of promoting rapid learning and the preliminary validation of a new business idea – thus cutting risk, reducing cost and maximizing revenue potential. The authors argue that this approach is far more appropriate for entrepreneurship development in the new economic environment than traditional business education models.
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Brown, Eric, and Karina Kasztelnik. "The Observational Microeconomics Study of the Phenomenon of Entrepreneur Resilience and Collaborative Innovative Financial Leadership in the United States." Financial Markets, Institutions and Risks 4, no. 3 (2020): 24–41. http://dx.doi.org/10.21272/fmir.4(3).24-41.2020.
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The main purpose of the research is to complete the observation of the phenomenon of entrepreneur resilience and collaborative innovative financial leadership in the United States. Starting a new business is a demanding, and stressful process creating significant changes in a business owner’s life (Yang & Danes, 2015). Due to the financial crisis in 2007-2008, chapter 9 bankruptcy in 2013, and the current insufficiency of jobs in Detroit, Michigan, many individuals had to start their microbusiness. Detroit, Michigan suffered the most extensive municipal bankruptcy filings in American history with a debt estimation close to twenty billion dollars (Washburn, 2015). The methodology is the observation all current and prior existing literature and facts available for the purpose of understanding the current phenomenon of entrepreneur financial innovation leadership. Many entrepreneurs did not have a choice but to start their own business in Detroit, Michigan. Today, entrepreneurs are stressed out, because of the lack of resources needed to provide for themselves and their families while striving to grow their business. If entrepreneurs are not resilient and innovative leadership, they will not survive. This research study confirms and theoretically proves that there is a strong need for microbusiness owners to gain more insight into the relationship between entrepreneur resilience and financial innovation leadership to survive and grow their business. Winterhalter et al. (2016) stated that smaller firms lack the resources of larger organizations to invest in financial innovation leadership to grow their business. Smallbone et al. (2012) stated that small businesses are commonly considered less resilient than larger businesses due to lack of resources, bargaining power, and are unable to spread risk across a large customer base. The critical review study can be useful for the entrepreneurs around the globe. Keywords: Resilience, Financial Innovation.
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Lee, Munjae, Sewon Park, and Kyu-Sung Lee. "What Are the Features of Successful Medical Device Start-Ups? Evidence from KOREA." Sustainability 11, no. 7 (April 2, 2019): 1948. http://dx.doi.org/10.3390/su11071948.
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This study analyzes the factors determining the success of medical device start-ups, focusing on the healthcare sector as the starting point of the Fourth Industrial Revolution. The government is also working to establish a business model to revitalize medical device start-ups as a new driving force for the economy. Accordingly, such start-ups based on innovative technologies have been actively developed, but it seems that there is a limit to growth. We employed an analytical hierarchy process to derive an activation strategy for medical device start-ups. A survey was administered to experts in such start-ups, including medical device companies and venture capital firms, prospective start-up entrepreneurs, medical device developers, and professors. A total of 18 responses were obtained for analysis. The results revealed the following priorities for the success of medical device start-ups: technical skills, marketability, entrepreneurial capacity, and funding. In addition, medical device and venture capital firms were divided into separate groups and compared and analyzed. Technical skills are considered a priority for those in the medical industry. However, entrepreneurial skills are a priority for venture capitalists. Based on these results, we suggest measures for the success of medical device start-ups.
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Cardoni, Andrea, John Dumay, Matteo Palmaccio, and Domenico Celenza. "Knowledge transfer in a start-up craft brewery." Business Process Management Journal 25, no. 1 (February 4, 2019): 219–43. http://dx.doi.org/10.1108/bpmj-07-2017-0205.
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Purpose The purpose of this paper is to explore the role of the entrepreneur in the knowledge transfer (KT) process of a start-up enterprise and the ways that role should change during the development phase to ensure mid-term business survival and growth. Design/methodology/approach An in-depth, qualitative case study of Birra Flea, an Italian Craft Brewery, is presented and analysed using Liyanage et al.’s (2009) framework to identify the key components of the KT process, including relevant knowledge, key actors, transfer steps and the criteria for assessing its effectiveness and success. Findings The entrepreneur played a fundamental and crucial role in the start-up process, acting as a selective and passionate broker for the KT process. As Birra Flea matures and moves into the development phase, the role of the entrepreneur as KT’s champion needs to be integrated and distributed throughout the organisation, with the entrepreneur serving as a performance controller. Research limitations/implications This study enriches the knowledge management literature by applying a framework designed to provide a general description of KT, with some modifications, to a single case study to demonstrate its effectiveness in differentiating types of knowledge and outlining how KT can be configured to support essential business functions in an SME. Practical implications The analysis systematises the KT mechanisms that govern the start-up phase of an award-winning SME, with suggestions for how to manage KT during the development phase. Seldom are practitioners given insight into the mechanics of a successful SME start-up; this analysis serves as a practical guide for those wishing to implement effective KT strategies to emulate Birra Flea’s success. Originality/value The world’s economy thrives on SMEs, yet many fail as start-ups before they even have a chance to reach the development phase, presenting a motivation to study the early stages of SMEs. This study addresses that gap with an in-depth theoretical analysis of successful, effective KT processes in an SME, along with practical implications to enhance the knowledge, experience and skills of the actors that sustain these vital economic enterprises.
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Yang, Song, and Ron Berger. "Relation between start-ups’ online social media presence and fundraising." Journal of Science and Technology Policy Management 8, no. 2 (July 3, 2017): 161–80. http://dx.doi.org/10.1108/jstpm-09-2016-0022.
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Purpose The purpose of this study is to examine the emergences of social media such as Facebook, Twitter and Instagram have changed the way human beings communicate and interact. In the past few years, this has become crucial in the context of business, especially in start-up fund raising. Access to venture capital financing is a crucial issue in the entrepreneurial finance literature. To further explore the use of social media for entrepreneurs, the authors have explored how entrepreneurs use social media for fund-raising purposes. The authors have used Application Programming Interfaces (APIs) to collect entrepreneurs’ funding data from Crunchbase and entrepreneurs’ social media data from Facebook and Twitter. The results show that social media is significant for start-ups in their success or failure in fund raising. Investing energy into utilizing online social media and exhausting these platforms consciously contributes to the financial success of start-ups. Therefore, start-ups which are popular among online fans and followers can manage to raise larger amounts of funding in the early stages. Design/methodology/approach This research relies on a wide range of quantitative data, which was obtained from three different online sources which includes Facebook, Twitter and CrunchBase. The use of a variety of internet technologies have been linked to increases in individuals’ social network diversity, which likely increases access to social capital at the individual level (Hampton and Wellman, 2003). The dataset was retrieved by using APIs, which enables the collection of novel metrics, from various sources that provide a well-structured dataset (Priem and Hemminger, 2010). Hypotheses were tested on a longitudinal dataset from 2000 to 2013, comprising general and investment data and social media metrics of start-ups. First, a sample from the database was selected to ensure data availability and reliability. After sampling, all the selected companies’ Twitter and Facebook activities were observed and metrics were analysed. SPSS was used to conduct correlation and regression analyses. Findings This study analysed whether start-ups’ social media convention is able to influence investors’ choices, especially the amount of total funding given. The paper showed that innovative start-up companies were able to benefit from communicating on social media platforms. Start-ups, which were using Facebook and Twitter effectively, focusing on valuable social media metrics, received larger amount of funding in total. Furthermore, it was observed that as their business grew, they intended to put more effort into online social networking. It confirmed the idea that businesses are using social media consciously. Originality/value This is the only paper that the authors could find that examines the relationship between fundraising and activity on social networks.
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Rana, Hiren, and Dr Ninad Jhala. "Impact of Covid-19 on women entrepreneurship in India." BSSS Journal of Social Work 13, no. 1 (June 30, 2021): 127–35. http://dx.doi.org/10.51767/jsw1310.
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The current pandemic of COVID 19 proliferated from China since December 2019 over the globe. Since then it has a significant effect visible on the global economy and living pattern of life. India is the fifth richest country abruptly affected after China and America. India is known for innovative start-ups and the business model collapsed due to the reduction in demand and supply chain because the sudden outbreak of COVID 19 resulted in complete lockdown. During COVID 19 pandemic, the government has taken new initiatives to reborn the entrepreneurs of India. However, many industries, small businesses, start-ups were rolling behind due to financial crises. There were no options for entrepreneurs to rely on the government rules, regulations to roll back in the market.
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Uhlich, Stefan A., and Magdalena Missler-Behr. "Awareness of Start-up Opportunities at Brandenburg University of Technology." Industry and Higher Education 27, no. 5 (October 2013): 365–74. http://dx.doi.org/10.5367/ihe.2013.0169.
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Small and medium-sized businesses are generally considered to be a key driving force in national economies. In comparison with other countries, the percentage of nascent entrepreneurs in Germany is small. This has been attributed to a lack of entrepreneurial awareness, which can be created and developed in schools and higher education institutions. The importance of intensifying the teaching and training of entrepreneurial skills has therefore often been stressed. Two different courses on entrepreneurship – a traditional lecture course and an advanced seminar course – are offered in the summer term at Brandenburg University of Technology, Cottbus. Two surveys were conducted in 2010 for each course, to measure the change in the students' willingness to start a business and thus to gain insights into the effect of entrepreneurship education on ‘founding’ awareness – that is, awareness of the process and demands of entrepreneurial start-ups. Analysis of the survey data was designed to identify (a) whether a change in students' founding propensity can be achieved through entrepreneurship education; (b) what type of course is best suited to introducing students to the idea of self-employment; and (c) whether specific groups of students can benefit from different types of courses. The research results suggest a positive change occurred in participants' stereotypically pessimistic perception of the German climate with regard to new start-up businesses. Some who had never thought about becoming an entrepreneur discovered a personal affinity for this career option. An unexpected finding was that the level of interest in start-up businesses of many students who had originally planned to establish such a business gradually declined. The authors conclude that entrepreneurship education should be offered primarily to advanced students, in order to derive maximum benefit.
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Skalicka Dusatkova, Martina, and Marek Zinecker. "Valuing start-ups – selected approaches and their modification based on external factors." Verslas: teorija ir praktika 17, no. 4 (November 30, 2016): 335–44. http://dx.doi.org/10.3846/btp.17.11129.
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The recent methods of start-up valuation seek to compensate for the lack of data necessary for a standard company valuation with additional information on the person of the entrepreneur and business project. None of the existing approaches, however, takes into consideration information about the environment in which the venture capitalists conduct their investments. Therefore, the aim of this paper is to develop an approach considering factors of the investee companies’ environment. Such a modification will allow a more accurate estimate of the value of the projects investigated. The nature of this study is explorative. It relies on secondary data that was collected using interviews and semi-structured questionnaires in previous empirical studies. During the course of the modelling process, information on the quality of the investee companies’ environment expressed is incorporated into the established start-up project valuations. Our original proposal consists of the modification of the β coefficient calculation for a given type of projects. An essential part of this modification is also a proposal for the extension of the project scoring characteristics to include expert estimates and, in the case of regression analysis, the inclusion of explanatory variables expressing the suitability of the environment for venture capital investments.