The Impact of IT Risks on the Development of Innovative Start-Up of Mining Enterprises

Ryszard Pukala,Ivars Linde,S Vöth,D Nuray,D Szurgacz,Y Tan,A Abay,M Cehlár,J Janocko,M Petrova,M Straka

doi:10.1051/e3sconf/202017404030

Abstract

This study aims at presenting IT risks, the materialization of which can have impact on business activity of innovative enterprises, including start-ups. We need to emphasize that such enterprises are largely associated with the use and implementation of modern technologies in various sectors of the economy. We also need to underline that enterprises of this type to an ever-greater extent act as an impulse triggering innovativeness of the economy as seen from the national and international perspective. Therefore, risk limitation in the enterprise development process, especially in the field of IT, may be an element that supports reaching the product scaling stage and working out an optimal business model, which stands as a chance of achieving market success and competitive advantage. As indicated by researchers, start-ups identify IT risks within the area of their activity and undertake actions aimed at limiting them.

Highlights

The notion of innovation is a subject of focus of various scientific disciplines; it is hard to come up with a single universal definition
The presented standpoints are only a few among a myriad of definitions formulated by a large group of scientists who have dealt with this issue. In this field we can distinguish pieces of work Pukala [7, 9], Pukala&Petrova [8], Kurmanov et al [10], Seitzhanov et al [11], Mussapirov et al [12], Petrova et al [13], whose multi-layered analyses of innovation have enriched and expanded knowledge in this scope. Based on these definitions we can explicitly declare that start-ups can be classified as innovative enterprises
Regardless of the approach, the activity of business entities operating on the market is currently a key instrument for boosting economic growth and innovation of the economy

Summary

Start-ups as innovative enterprises

The notion of innovation is a subject of focus of various scientific disciplines; it is hard to come up with a single universal definition. E.M. Rogers’ definition of innovation as the introduction of new products, processes or ways of conduct into wide use is very broad in meaning [4]. The presented standpoints are only a few among a myriad of definitions formulated by a large group of scientists who have dealt with this issue. In this field we can distinguish pieces of work Pukala [7, 9], Pukala&Petrova [8], Kurmanov et al [10], Seitzhanov et al [11], Mussapirov et al [12], Petrova et al [13], whose multi-layered analyses of innovation have enriched and expanded knowledge in this scope. We can classify variously defined start-ups to this very group, as they – through their innovative undertakings aimed at delimiting their unique developmental path – can quickly take national and global markets by the storm, since they cover all aspects of modern life

IT risk faced by start-ups

Impact of IT risks on start-ups

Summary