Business Creation Research Articles

Contributions of Startups to the Growth of the Indian Economy: A State Wise Analysis

The paper investigates the complex effects of startups on the resilience and growth trajectory of the Indian economy. It explores the ways in which these young, creative businesses are promoting dynamism and adaptation, especially in the face of economic difficulties. The report clarifies government programs that give emerging businesses critical financial support, such as the Startup India Seed Fund Scheme (SISFS) and Alternative Investment Funds (AIFs) under the Fund of Funds for Startups (FFS). The article intends to reveal the role of startups in driving inclusive economic growth, fostering technological advancements, and creating jobs by analyzing their individual contributions across different sectors. The study also looks into how entrepreneurs are promoting India as an innovation hub and raising the country’s global competitiveness. Policymakers, investors, and entrepreneurs will all benefit from this investigation’s insightful findings, which emphasize how important it is to support a strong startup ecosystem in order to have a vibrant Indian economy.

PELATIHAN MEMBATIK TEKNIK SHIBORI SEBAGAI PONDASI UTAMA DALAM MEMBANGUN BISNIS KREATIF DI DESA KERSIK

Shibori Technique Batik Making Training as the Main Foundation in Building a Creative Business in Kersik Village. This research aims to examine the potential for creative business development in Kersik Village through batik training using the Shibori technique. It is hoped that this training method will provide sufficient knowledge and skills for the local community to produce batik products with unique Shibori characteristics. In this way, it is hoped that the people of Kersik Village can utilize this expertise as a basis for opening sustainable creative businesses, increasing local economic income, and ultimately, supporting holistic village development. This research encourages the adoption of traditional technology in a modern business context, stimulates local economic growth, and celebrates the cultural heritage of Kersik Village through the art of batik using the Shibori technique.

PENGEMBANGAN EKONOMI LOKAL MELALUI KEWIRAUSAHAAN KREATIF

Local economic development through creative entrepreneurship is the main focus of various efforts to improve community welfare at the local level. The aim of this service is to encourage local economic growth by utilising the potential of creativity and innovation owned by local communities. Through a participatory approach, the goal is realised by involving various stakeholders, ranging from local businesses to local government, in the process of strategy development and programme implementation. The service method used involves community education and training to understand the characteristics of the local economy and evaluate the potential and obstacles in the development of creative entrepreneurship. In addition, training and mentoring to prospective entrepreneurs as well as networking and promotion of local products to improve market access were also conducted. The results of the service showed that creative entrepreneurship is able to make a significant contribution in increasing the income and welfare of local communities. With the support of various parties, an environment conducive to the growth of creative businesses at the local level was created. In addition, there is also an increased awareness of the importance of preserving local culture and the environment through sustainable business practices. However, achieving sustainable success requires strong commitment and co-operation between various stakeholders, as well as policies and regulations that support the development of creative entrepreneurship at the local level.

Book Review: Paul D. Reynolds, Entrepreneurship and Economic Development: The Global Scope of Business Creation Elgar Impact of Entrepreneurship Research Series

Paul D. Reynolds, Entrepreneurship and Economic Development: The Global Scope of Business Creation Elgar Impact of Entrepreneurship Research Series (Edward Elgar Publishing, 2022), 272 pp.

Exploring the Diverse Universe of Entrepreneurship: A Comprehensive Overview of Entrepreneurial Types and Opportunities

Entrepreneurship has emerged as a dynamic and multifaceted field, encompassing various types of entrepreneurs and a wide range of opportunities. This research provides a comprehensive overview of the diverse landscape of entrepreneurship, shedding light on the different entrepreneurial types and the myriad opportunities they pursue. Drawing on an extensive literature review and empirical analysis, the study categorizes entrepreneurs into distinct types based on their motivations, characteristics, and approaches to business creation. It further examines the unique challenges and opportunities faced by each entrepreneurial type, exploring their contributions to economic development, innovation, and societal impact. Moreover, the research delves into the evolving entrepreneurial ecosystem, highlighting the role of technology, globalization, and social trends in shaping entrepreneurial landscapes worldwide. By synthesizing existing knowledge and offering insights into emerging trends, this study aims to enhance the understanding of entrepreneurship as a complex and dynamic phenomenon, providing valuable implications for policymakers, educators, and practitioners seeking to support and promote entrepreneurial endeavours.

Commoditization of God in religion: Marketing ‘Pentecostalism’ in the Nigerian public space

ABSTRACT Religion cannot thrive on its own without the use of a Supreme Being or the use of God as a symbol of the supernatural on the society. In Nigerian society, religion has become a major occupation and most sought after by the people. This paper explores the invaluableness of God in religion through the use of marketing and how Pentecostal practitioners commodify God in the public space. This paper argues that God in religion has been converted into services and marketable product in the Nigerian public space, which leads to ‘rivalry’ among Pentecostal churches to gain mass appeal, membership, promotion of church and theological affiliations, and the creation of businesses, which is largely fuelled by massive socio-economic and political disorder in the country.

The Interplay Between Mental Health and the Business Environment in Asia

Mental health is not just a psychological issue, but it also affects Business Environment. The basic research question is to see if businesses environment and mental health have any strong relationship. We propose a model that suggests mental health depends on various factors, including mental well-being itself, economic conditions, education, physical health, and, importantly, creating new businesses. This study addresses the intriguing question of whether starting a business is beneficial or detrimental to mental health It depends on a lot of things, like how someone was feeling before, the state of the economy, their education, and even the fairness of the legal system. Our econometric model using Generalized Method of Moments (GMM) carefully takes all these factors into account to understand the bigger and novel picture of the question put forth, while taking care of the issue of endogeneity that may arise in such type of data sets. We measure our main dependent variable i.e. mental health through emotional well-being and depression, while business creation is assessed by environment, ease, clustering, skills, and worker availability. Furthermore, this groundbreaking study on a panel of Asian countries shows that income levels alone are not enough to predict mental health outcomes. Legal fairness and business-friendly environments play a surprising role in shaping mental wellness. By analyzing physical health, macroeconomic determinants, and environmental factors, the research highlights the complex interplay that affects mental health outcomes. The study's novel variables and large panel data analysis approach offer new insights into the policies and incentives that can optimize mental health outcomes for all citizens.

Building Thriving Communities: The Library’s Role in Economic Development

Libraries play an increasingly significant role in responding to the needs of the local economy. They have the resources to survey the business community to determine what these needs are. Libraries can also form partnerships with government agencies and nonprofits that can help to foster a thriving economy. Programming and events can be targeted to assist segments of the population that have traditionally been underserved or have only limited access to the resources needed for business creation. Richland Library in Columbia, SC, and the Baltimore County Public Library are cited for the community partnerships they have formed and for their innovative programming in support of small business.

Exploring Creative Business Ideas and Business Opportunities for Bina Amanah Cordova Entrepreneurship School Students

Exploring Creative Business Ideas and Business Opportunities for Bina Amanah Cordova Entrepreneurship School Students

The mediating effect of entrepreneurship on financial support and economic growth in African emerging economies

PurposeThe aim of the research is to examine in depth the relationship between financial support, entrepreneurship and economic growth in emerging African economies.Design/methodology/approachThe study adopts the system-generalized methods of moments (sys-GMM) technique for data analysis and hypothesis testing on a sample of 34 African emerging economies (340 observations) from 2010 to 2019.FindingsThe results show that there is significant positive correlation between financial support, entrepreneurship, and economic growth. Moreover, entrepreneurship served as a partial mediator between financial support and economic growth in African emerging economies.Practical implicationsThis research suggests that African governments should focus on entrepreneurial systems, which are essentially networks driven by the pursuit of individual opportunities and the promotion of new business creation; and introduce other forms of financial assistance, such as loans, loan guarantees, interest subsidies, technical assistance, insurance, etc.Originality/valueThe main novelty of the paper is that the authors empirically investigate the mediating role of entrepreneurship in the association between financial support and economic growth in 34 African emerging economies.

Business Opportunities and Drivers for Health and Spa Tourism: A Qualitative Research on Baile Felix Spa Resort, Romania

The tourism sector has witnessed continuous development over the last few decades, overcoming various challenges and crises. This resilience underscores the remarkable diversity of managerial and entrepreneurial initiatives capable of meeting the ever-growing and unpredictable global demand. Our objective is to explore the perceptions of factors and opportunities that encourage the launch and management of businesses in health and spa tourism utilizing a qualitative methodology. Our conclusions are based on the analysis of 32 hotel managers’ and small business owners’ interviews in a relevant tourist resort in Romania. This study reveals that all four types of identified opportunities and drivers influencing business creation and management in health and spa tourism (i.e., improving work quality and independence, professional and personal development, responses to opportunities, and upgrading existing services) are substantially influenced by gender, relevant work experience, and education. The novelty of our research lies in highlighting the influence of these drivers according to a specific context given by the size, management type, and ownership structure of tourism ventures, as well as the difference between large hotel managers and small business owners in terms of their perception and goals. We acknowledge that the limited number of interviewees and the spatially bound context of the research may have an effect on the relevance of the results. This study’s findings underscore the necessity for compromise and collaboration among diverse stakeholders in the tourism industry, particularly when developing long-term strategies for health and wellness destinations. This collaborative approach plays a critical role in promoting the well-being and prosperity of individuals, businesses, and the entire local community.

Liberalizing Home-Based Business

Working at home benefits entrepreneurs by lowering fixed costs and allowing them to engage in joint market and household production. We evaluate a large-scale reform in Singapore, the Home Office Scheme, that allowed business creation at one’s residential property and study whether home-based entrepreneurship spurs entrepreneurial activities. The difference-in-differences estimate shows that the reform led to a significantly higher level of business creation and the firms newly created in response to the reform had a higher survival rate. The effect is more pronounced for low-income female individuals and industries with high start-up capital, implying that financial constraints and nonpecuniary benefits likely drive the effect. The reform also encourages entrepreneurs to become serial entrepreneurs, and they open a larger business with a similar survival rate for their second firm. Overall, our findings suggest that the program effectively attracted more entry into self-employment without significantly lowering the average quality of the pool. This paper was accepted by David Sraer, finance. Funding: J. Zhang acknowledges support from the Seed Fund for Basic Research for New Staff of HKU [Code: 202009185022] and the General Research Fund by University Grants Committee of Hong Kong SAR [Grant 12500420]. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2021.04232 .

Key to Startup Success in Indonesia: Analysing the Influence of Entrepreneurial Culture, Entrepreneurship Education, and Entrepreneurial Mindset

This research aims to develop a theoretical model of how factors affect startup development, in terms of entrepreneurial culture, entrepreneurship education, and entrepreneurial mindset. The theories used in this study are various factors that affect startup development. The research method used is qualitative with literature studies, theoretically analyzing theories and previous researchers and determining the main factors as predictors of building startups, with a comparison of various correlation results as the findings of this study. The results showed that entrepreneurial culture, entrepreneurship education, and entrepreneurial mindset affect the creation of young people's digital businesses. Entrepreneurial cultural factors include cultural values that influence the way young people think and act in creating startups. Entrepreneurship education factors with the right pedagogical approach will influence youth in creating startups. The entrepreneurial mindset factor includes the mindset and attitude of youth in facing challenges and opportunities in creating startups. Recommendations to future researchers to be able to examine the influence of other variables on creating startups both tested quantitatively and developed on a broader aspect of other variables.

Urban Farms for Neighborhood Improvement and Social Well-being of Urban Areas in Kandy


 
 
 In the latter half of the 20th century, as urban populations increased in the majority of emerging nations, the reliability of urban food production and delivery networks decreased. Urban hunger increased concurrently with the urban population, speeding up by in response, urban farms spread over a growing worldwide. However, later other purposes were added to it and urban farms were nurtured. Globally, urban farms are changing as a result of political, economic, environmental, and technical advancements. With time, urban farming activities are becoming a reason to improve the value and quality of life in terms of economic, social, and other elements. In this research, it was investigated how urban farming affects the social well-being and neighborhood improvements of urban areas. Furthermore, it focuses on urban farms' relative attachment to the neighborhood and confidence, their impact on agriculture literacy and youth development, and the economic and food crises in the urban areas. It was sought to understand community perceptions of how urban farms can benefit cities through a qualitative study conducted in two urban farms in Kandy. Interviews with visitors, laborers, and professionals related to urban farming revealed the pathways by which community members view farms as improving neighborhoods and social well-being. According to this study, six characteristics are highlighted and evaluated: neighborhood attachment, neighborhood confidence, youth development, food access, agricultural literacy, and economic development. Benefits stemmed from a primary changes urban farms made to neighborhood improvement: the creation of public project involvement, the physical improvement of degraded space, the production of local food, and the creation of new businesses. These changes led to multiple perceived benefits, including increased social connectedness, a transformed physical landscape, an improved neighborhood reputation, and employment opportunities. But there were some points that should be developed. especially in cases of food access and youth development. Urban farms with strong social aims may appear to contribute little to economic development if measured using traditional indicators of success such as job creation or fiscal impacts, but they provide numerous other benefits for community development.
 Keywords: Urban farms, Social connectedness, Physical improvement, Food access, Youth engagement, Economic development
 
 

How to implement and evaluate with scrum methodology in business subjects - an experience in an educational innovation Project

The following paper arises from the Educational Innovation Project PIE 15-132 "Implementation and evaluation of the scrum methodology (project based learning) in the subjects of Business Creation and Management", funded by the Vice-Rectorate for Teaching and Research Staff of the University of Malaga. The idea stems from the analysis and study of the agile scrum methodology, focused on iterations and continuous reviews. The proposal consists of transferring the application of this methodology, widely used in software development environments, to subjects linked to the business environment, given the flexibility that characterises it. Its application made it possible to obtain interesting results, both related to the objectives of the subject "Business Creation", as well as others of a transversal nature, which are in great demand in today's environments.

The Influence of Strategic Entrepreneurship on Competitive Advantage in CV Mutiara

Technological change, dynamic global markets, and intense competition characterize the current business era. The development of Strategic Entrepreneurship highlights the evolution of business and entrepreneurship theories, shifting the paradigm from focusing only on the creation of new businesses towards the integration of entrepreneurship into existing business strategies. This study aims to analyze the impact and contribution of Strategic Entrepreneurship to the sustainability of competitive advantage in modern businesses faced with dynamic market challenges. The method used in this research is descriptive qualitative. This research uses CV Mutiara as a concrete case study. The results show that the implementation of Strategic Entrepreneurship has a significant positive impact on organizational adaptation and sustainability in a constantly changing business environment. By focusing not only on new venture creation but also on long-term strategic planning, organizations can achieve sustainable competitive advantage. CV Mutiara applies the principles of Strategic Entrepreneurship, including innovative strategy development, external collaboration, and enhancing internal innovation capabilities.

Sofana Dahlan: spearheading to nurture creativity in Saudi Arabia

Research methodology The data for the case is a mix of both primary and secondary data, from the following sources: – personal interviews with the protagonist, Sofana Dahlan; – Tashkeil website; – official documents provided by the company: ■ “Tashkeil – Corporate Brief,” ■ “Saudi National Creative Initiative – Activities Report 2016”; and ■ “Tashkeil Global Company”. – published media sources. Case overview/synopsis The case outlines the story of Sofana Dahlan (Sofana) (she/her), a social entrepreneur and one of the first few women lawyers in the Kingdom of Saudi Arabia. She established Tashkeil as a social enterprise, helping creative entrepreneurs (creatives) with strategic, operational and legal inputs, thus enabling the creative industry in different parts of the Arab world, focussing on Saudi Arabia and Lebanon. Her story can be used to inspire students on how a female entrepreneur fought against an extremely restrictive social and cultural environment and achieved her goals. It helps them to understand the challenges faced by women in the context of the Arab world and the key attributes required for them to succeed as an entrepreneur, especially in the context of certain social and cultural barriers. It also helps to understand the importance of resilience in entrepreneurs and to discuss how entrepreneurs can become more resilient. Complexity academic level The case can be used mainly in undergraduate Business Management Programs in courses such as Entrepreneurship, with specific reference to Women Entrepreneurship. The case would be a good fit for courses on Social Entrepreneurship and Creative Businesses.

Host versus home country influence on the immigrant entrepreneurial process: an imprinting perspective

AbstractSince its first use in organisational research, nearly five decades ago, imprinting has gained recognition in entrepreneurship studies. Accordingly, this study utilises the behavioural concept to develop new theorisations to account for the entrepreneurial processes of immigrant entrepreneurs. It pays attention on its effects on immigrant entrepreneurs, particularly when it comes to their decision–making and behaviours towards business creation in Canada. A comprehensive analysis of a dataset generated from a systematically selected group of immigrant entrepreneurs revealed the complexity of their imprints at various stages of their entrepreneurial cycle in the North American country. It emerged that imprinting not only modified their behaviours, attitudes and cognition, but also shaped the trajectory of their entrepreneurial processes. That is, their imprints had an effect on how they identified business opportunities, the types of businesses they pursued, their level of entrepreneurial drive, and the types of resources they acquired or accessed in their new environment. Notably, following a period of normalisation in their new surroundings, their original imprints changed due to diminishing affinity with their country-of-origin. This holds research and policy implications as it uncovers an unfolding but less-understood entrepreneurship phenomenon.

Analysis of The Digital Printing Business Network of Business Entities Own Cicangkang Hilir Village

BUMDes (Village-Owned Enterprises) is an economic institution that regulates rural resources. Each village has the potential for both natural resources and human resources that need to be developed by BUMDes. One of the village potentials that needs to be maximized is graphic design services. One form of graphic design service is the Digital Printing business. Maximizing village potential can be done by establishing an extensive business network, so that any work that comes from the village quickly spreads and looks attractive to the general public. Therefore, this research tries to explore the application of the Digital Printing business in Cicangkang Hilir Village, starting from the application of business networks, production processes, marketing strategies, to the influence on the income of BUMDes Cicangkang Hilir. This research uses several concepts such as business networks, production, marketing strategies, and distribution channels. This research uses a qualitative descriptive research approach. The BUMdes studied in this research is called SERUMPUN, which has several Digital Printing products. SERUMPUN Has a business network, namely the Cicangkang Hilir Village Government and raw material suppliers. The production flow carried out by SERUMPUN is design selection, print production and finishing. SERUMPUN divides marketing segmentation based on geographic, demographic and psychographic segmentation. The marketing targets of cognate are local businesses, creative businesses, creative individuals, community organizations, community-based entrepreneurs, individuals who care about the environment, event markets, and weddings. SERUMPUN positions itself as a printing service business that shows creativity, innovation and social responsibility. SERUMPUN uses distribution channels, namely physical locations/printing outlets, Whatsapp, and digital payments. The presence of an extensive business network in the local area means SERUMPUN is able to develop a distribution network efficiently to connect their work to various sales points or strategic locations that have many customers. The presence of SERUMPUN turned out to be quite influential in increasing the income of BUMDes Cicangkang Hilir. A solid partnership network allows SERUMPUN to receive business promotion support from the government, and the opportunity to implement joint projects that have a broad impact on society.

The impact of labour unemployment insurance on entrepreneurial intention and new business creation

The impact of labour unemployment insurance on entrepreneurial intention and new business creation