Growth Of Start-ups Research Articles

PENERAPAN DATA MINING PADA PENJUALAN MAKANAN DAN MINUMAN MENGGUNAKAN METODE ALGORITMA NAÏVE BAYES

Changes in human behavior against the times, this causes business actors, especially culinary businesses to innovate so that the business they run continues to survive. With this competence, it causes more problems, one of which is the emergence of startups that eventually become competitors in the business world in all fields. All business owners have an innovation by analyzing food and beverage sales to generate new opportunities which will then be used to identify future opportunities. This affects the income and expenses obtained by companies and restaurants. This research paper generates new knowledge, namely by using the Na Bayve Bayes algorithm to generate an opportunity in the sale of food and beverages based on sales in the previous month. The results of the analysis process will be used for the benefit of restaurants in marketing optimization efforts. This new knowledge will also provide information such as the results of sales opportunities in the following months

Life cycle analysis of Brazilian startups: characteristics, intellectual capital, agents and associated risks

PurposeThe purpose of this paper was to present the stages of the Brazilian startups' organizational life cycle (OLC), identifying and describing the main factors related to the entrepreneurial and organizational perspectives, as well as the factors related to external relationship agents and the associated risks at each OLC stage. In addition, the variables that comprised the three perspectives above were used for a descriptive reading of the evolutionary process from the perspective of intellectual capital during the stages.Design/methodology/approachThe type of research used was quantitative with a descriptive character. For data collection, the authors have used the survey method and two complementary questionnaires were used as research tools. The measurement scale used in these instruments was the 11-point Likert scale. In total, 100 Brazilian startups registered in the STARTUPBASE and residents in São Paulo comprised the sample of this research. For the data processing, it was used the exploratory factor analysis techniques, to identify the analysis factors, and the cluster analysis, to identify the OLC stages.FindingsBased on the results obtained, four stages were identified and described to build the OLC model of this research: Stage I – conception and development; Stage II – organization and traction; Stage III – growth and scale; and Stage IV – consolidation and transition. In addition, the authors described the main lines of evidence found at each stage.Practical implicationsThis research contributes to academic studies of the OLC in startups and the evolution of risks that originate from the relationship between external agents in the business environment and startups. Thus, a management map is built, which helps entrepreneurs and managers construct these businesses since such a management map allows identifying the risks and challenges that a startup needs to overcome to grow and develop.Originality/valueThe originality of this research lies in the adaptation of the OLC approach, which is widely used in studies analyzing the growth and development of mature organizations. The authors used this adaptation to analyze the growth and development of startups in Brazil. In addition, the identification and analysis of external agents that make up the business environment, as well as the analysis of the risks, originated from the relationships between the startup and these agents, brought original and essential results and discussions, both for OLC studies and for risk analysis studies in startups.

Challenges faced by healthcare start-ups

Healthcare start-ups across the globe are on rise and are creating new horizon. Healthcare is evolving industry with newest technology and compliances requiring young talent and entrepreneurs to establish healthcare and tech start-ups. The present study was planned with the primary aim to analyse the challenges faced by entrepreneurs in starting and operating healthcare start-ups. A questionnaire-based survey was conducted among 50 healthcare start-up founders. A structured questionnaire containing 15 questions were used to understand the challenges faced by start-ups on health industry. The study results revealed a statistically significant association between the experience of the founder and opinion regarding the growth of start-ups in the healthcare field [c2=16.22; p=0.013]. Furthermore, there was a statistically significant association between financial aid for the start-up and consumer credibility and growth of the star-up [c2=20.19; p=0.01]. The present questionnaire survey-based study delineated that financial aid, data safety & security for electronic data are the major challenges faced by healthcare start-ups. Hence, this study supplies a vital information source for the upcoming venture healthcare start up founder to consider highlighted challenges and its impact on the success of healthcare start-ups for their successful endeavour as health care entrepreneur.

국내 ICT기반 관광 스타트업의 동향 및 성과 연구

Purpose-Recently, the Korean government considers the start-up as the engine of future economic growth. Tourism businesses have increasingly changed to innovative and technology-based businesses after the fourth industrial revolution and the COVID-19 pandemic. This study aims to systematically understand and describe the growth and output of the ICT(information and communications technology)-based tourism start-ups, which have been dramatically developing in the Korean tourism industry. Design, data, and methodology-We utilized the secondary data of the Korea Tourism Organization, which collected 87 tourism start-ups from January 2011 to April 2021. Data analysis was performed using the descriptive analysis and cross-tab analysis. Result-The results showed that the two-sided market is prominent in the domestic tourism market, with O2O(online to offline) and online business being the main focus. It was also found that many technological innovation companies are concentrated in Seoul, where infrastructure and support are abundant. The large majority of tourism start-ups are mainly based on e-commerce technology and have patents. Additionally, venture capital plays a vital role in the investment and growth of tourism start-ups in South Korea. Conclusions - Based on the results, theoretical and practical implications were discussed to foster tourism start-up businesses in South Korea.

Anchor Organizations as Change Agents in Nascent Entrepreneurial Ecosystems: An Ecosystem Governance

Recently, entrepreneurial ecosystems have become one of the major themes among entrepreneurship scholars and regional policymakers worldwide. Hoping to increase prosperity, politicians are keen to develop thriving entrepreneurial ecosystems in their region to foster the creation and growth of innovative startups. While the number of academic publications about entrepreneurial ecosystems has drastically increased in the last few years, understanding of mechanisms of how entrepreneurial ecosystems emerge and develop over time remain mostly unknown. The current research status calls for further investigations on the governance of nascent entrepreneurial ecosystems. Entrepreneurial ecosystems can be governed mainly in two distinctive ways; top-down and bottom-up governance. This study explores hybrid governance mechanisms by shedding light on a particular type of anchor organizations that intertwines these two different governance approaches. We theorize this function of anchor organizations by understanding them as “ecosystem change agents”. As a research setting, this study selected the Windhoek entrepreneurial ecosystem and conducted a single case study. Based on the single case study, this study derives a set of research propositions to conceptualize the functions of anchor organizations. We conclude this paper with limitations, practical implications, as well as research outlook.

Founder team prior work experience: An asset or a liability for startup growth?

AbstractResearch SummaryWe examine the effects of founder teams' firm‐ and industry prior work experience on startup growth in the context of high technology industries. We study these effects both on the early growth of startups and on their growth, after accumulating experiential knowledge. Integrating the literatures on human capital, imprinting and competency traps, we develop a typology of four combinations of founder prior experience: founder same firm and same industry experience, founder same industry but other firm experience, founder same firm but other‐industry experience, and founder other‐industry and other firm experience. Using data from 153 Israeli high technology startups, we find significant variations in the effects of these combinations on startup growth, which also vary between the early and later years of these startups.Managerial SummaryFounders play a key role in the lives of their startups, applying their resources, knowledge and experience. Therefore, we ask: how does founder experience influence high technology startups' growth? To answer this question, we examine four combinations of founder prior experience: founder same firm and same industry experience, founder same industry but not same firm experience, founder same firm but other‐industry experience, and founder other‐industry and not same firm experience. Our analyses show significant differences in startup growth based on these combinations of founder prior experience and, importantly, the effect of these four combinations on startups' growth in their early years of existence differs significantly from later years, when these firms can increasingly draw on their own experiential learning.

Challenges of rural start-ups in Karnataka, India

PurposeThe purpose of this paper is to provide the insights on the challenges influencing rural start-ups. It provides insights with regards to managerial, operational, marketing and finance-related challenges influencing the rural start-ups in the study. The study aims to expand the domain of start-ups by including a broader range of challenges and related aspects found in the start-up literature.Design/methodology/approachThe paper opted for an exploratory study using the open-ended approach of grounded theory, including 61 rural start-ups operating in Karnataka, India. The data were analysed through non-parametric test to understand the comparison between different sectors of rural start-ups.FindingsIt suggests that marketing techniques and infrastructure challenges influences the rural start-ups. Therefore, success of start-ups is influenced by these related variables.Research limitations/implicationsBecause of the chosen research approach, the research results may lack generalizability. Researchers are therefore encouraged to test the proposed propositions further in the area of challenges and growth in the domain of managerial, infrastructure, marketing, finance, human resource and logistics in rural start-ups. The study is restricted to rural start-ups located in districts of Karnataka, India.Practical implicationsThe paper includes implications for managing the challenges for enhancing the growth of start-ups. The paper provides insights on the significant challenges witnessed by the start-ups and provides directions for the growth of start-ups.Social implicationsThis paper fulfils an identified need of the start-ups in rural sector and contribute to the growth of start-ups in rural sector of India.Originality/valueThis paper fulfils an identified need to study how rural start-ups operate and create a niece in the growth of Indian economy.

Survival and growth of Hungarian start-ups

Most start-ups die and most survivors fail to grow dynamically. The aim of the paper is to summarize the factors found in the international literature, supported by empirical research, that influence the survival and growth of start-ups, and evaluates the results of expert interviews conducted with renowned players in the Hungarian start-up ecosystem. During the research process fourteen expert interviews were conducted and analysed with combined logic, integrating deductive and inductive approaches. Based on the results, there is little overlap among factors identified in the international literature and those highlighted by Hungarian experts as influencing the survival and growth of start-ups. However, international and Hungarian results unanimously emphasize that entrepreneurial education, internationalization, acquisitions and heterogeneity of the start-up team’s knowledge and skills play a significant role in the success of start-up businesses. Despite the limitations of the research, results may prove to be beneficial to both start-up ecosystem players and policymakers.

DIASPORA START-UP PROGRAMS AND CREATIVE INDUSTRIES: EVIDENCE FROM ROMANIA

Romania is one of the main countries of origin for intra-European migration. The national authorities recently implemented the first major program —Diaspora Start-up—to support the business initiatives of Romanian citizens who live abroad and who are interested in opening a business in their home country. This scheme was developed in parallel with a broader program—Romania Start-up Plus—which was designed to support the entrepreneurial initiatives of individuals residing inside the country. These programs have already supported over 8,600 non-agricultural start-ups created in urban areas. This study conducted a comparative analysis of the two programs based on different criteria and explored their regional dynamics regarding the emergence of start-ups and the prevalence of creative industries companies. The analysis highlighted important regional differences within Romania and revealed that the Diaspora Start-up program registered a statistically significant lower level of businesses registered as part of the creative industries. The results support the formulation of a hypothesis of negative selectivity within the programs designed to support Romanian migrants’ entrepreneurship, but further research is needed to test this hypothesis.

The emergence of startups and their development in Russia

The emergence of startups and their development in Russia

A Research on the Bricolage Process of Spin-out Entrepreneurship: A Multi-case Study Based on Software Start-ups

As a common form of entrepreneurship in industrial clusters, spin-out entrepreneurship plays an important role in promoting the number of enterprises in the cluster and the formation of knowledge network. Spin-out entrepreneurs master and have unique views on certain resources on hand when they work in parent enterprises. They can break through resource constraints by bricolage. However, the existing researches have not paid enough attention to the bricolage problem in spin-out entrepreneurship. Therefore, the vertical analysis and cross-case comparative study on the entrepreneurial bricolage process of five different spin-out start-ups are carried out by using the grounded analysis method, and the theoretical model of spin-out entrepreneurial bricolage process is obtained.The research conclusions are as follows: （1） The bricolage process of spin-out entrepreneurship can be described. Firstly, direct resources and network resources can be collected through two different logical paths of “untended willow grows” and “save against a rainy day”. Secondly, under the stimulation of external incentives at different entrepreneurial stages, entrepreneurs allocate resources according to the three behavioral orientations （first action orientation, imitation orientation, strategy orientation）. Thirdly, different processing methods such as resource utilization, resource integration and resource innovation are formed, which eventually lead to different performance results. （2） In the learning period, entrepreneurs choose the first action orientation to make use of human resources and other basic resources; in the creation period, entrepreneurs choose the first action orientation and imitation orientation, and then integrate and innovate the resources, so as to solve the problem of short-term entrepreneurial resource limitation and quickly adapt to the development; in the development period, entrepreneurs choose the strategic orientation to integrate and innovate the resources from a long-term perspective. （3） The bricolage process of clonal competition spin-out has poor performance, that is, excessive use of parent resources is not conducive to the growth of start-ups. Based on the above findings, we can get the following enlightenment: （1） Testing resources boldly is the key to start bricolage. （2） Entrepreneurs can examine their internal and external resources in an all-round and multi-dimensional way, and then readjust the resource structure, so as to expand the “knowledge set, cognitive set”, and prepare for resource bricolage. （3） Entrepreneurs should re-check the resources according to the purpose to improve the efficiency.The future development directions include: （1） Entrepreneurial bricolage emphasizes the subjective construction of entrepreneurs, so the research on cognitive theory can provide a deeper insight into the relationship between entrepreneurial bricolage and traditional strategies. （2） As a prominent feature of spin-out entrepreneurship, parent network relationship embeddedness can be used to analyze the bricolage effect in the future.The main contributions of this study are as follows: This study constructs a theoretical model of spin-out entrepreneurship bricolage process, puts forward the source and composition of resources, as well as three kinds of behavior orientations. It describes the specific behavior and results of spin-out entrepreneurship bricolage in different stages, reveals the process mechanism of spin-out entrepreneurship bricolage, which is helpful to uncover the black box of spin-out entrepreneurship.

Prioritizing Entrepreneurship and Startup Culture Through Policy Intervention as A Strategy for Economy Recovery

World today is going through a difficult phase as consequences of COVID-19 pandemic. There is an evidence of the world economy being hit hard and a case of economic recession which created significant threats to the social and economical welfare of the society. Needs are felt to focus on prioritizing entrepreneurship and startup culture as these are the backbones of any economy. But on the other hand, entrepreneurship and the startups growth and sustainability themselves are greater threats ats current times. There is a need for immediate interventions through approaches that are conducive, if erase please the critical role of entrepreneurship and startups are desired to be developed in order to sustain the revival of our economy. This can only be materialized through right understanding of entrepreneurial ecosystems as general and in the scurrent times through researches so that right and meaningful interventions can be made. This study focuses on making policy intervention approaches as a key strategy to provide a favorable platform for startups to grow as well as existing entrepreneurs to sustain. To supplement this study, the data from primary resources are utilized and a methodological approach drawn highlighting the strong nexus between i) Strategies to foster entrepreneurship, ii) Entrepreneurial Ecosystem and iii) SWOT analysis. These three indices can be handy in materializing the meaningful interventions that create conducive platforms for entrepreneurship and startups thereby making a positive impact to the social as well as economical welfare of the society. With unpredictable nature of current pandemic and the series of its associated impacts, there are needs for continuous and innovative engagement in research through global perspectives.

Entrepreneurs' emotional intelligence as a factor explaining entrepreneurial psychological ownership and high-tech start-up growth

PurposeThe purpose of this study is to examine the role of emotional intelligence (EI) in explaining high-tech entrepreneurs' psychological ownership (PO) and, in turn, how their PO influences venture growth.Design/methodology/approachThis study is based on data collected from 106 high-tech Israeli entrepreneurs.FindingsThe findings indicate that using emotions for problem-solving is positively associated with PO sense of efficacy, and that appraisal of emotions of others is negatively associated with PO sense of territoriality. Moreover, PO sense of efficacy is positively associated with growth, whereas sense of territoriality is negatively associated with growth. Finally, sense of territoriality has a curvilinear effect on venture growth.Research limitations/implicationsUnderstanding of the antecedents of entrepreneurs' PO and its influence on firms' growth is scant. The findings contribute to the psychology of entrepreneurship and PO literature by showing the influence of affective-based processes on high-tech start-up growth.Practical implicationsThe findings of this study suggest the entrepreneurs' EI indirectly affects other affective behaviors such as PO, which in turn influence venture growth. It highlights the need of entrepreneur to regulate their emotions and manage the emotional- and cognitive-based processes for the sake of firms' growth.Originality/valueThe findings expand the knowledge pertaining to the psychology of entrepreneurship by showing how EI as an affective dimension is interrelated with affective-based process and entrepreneurial firms' growth.

Competency-Industry Relatedness (C-IR) Framework for Sustained Business Growth in Startups during and Beyond Pandemic: Myths and Lessons from Publicly Funded Innovative Startups

Context: The coronavirus disease 2019 (COVID-19) pandemic led to a turbulent business environment, resulting in market uncertainties, frustrations, and rumors. Wrongly held beliefs—or myths—can hinder startups from turning new market opportunities into their favor (for example, by failing at diversification decisions) or undertaking wrong business decisions, e.g., diversifying in industries that have products of no real market value). Objectives: The objective of the paper is to identify the beliefs that drive the business decisions of startups in a pandemic and to isolate those beliefs that are merely myths. Further, this paper proposes strategic guidelines in the form of a framework to help startups make sound decisions that can lead to market success. Method: The two-step research method involved multiple case studies with five startups based in India, France, Italy, and Switzerland, to identify perceptual beliefs that drove strategic business decisions, followed by a case study of 36 COVID-19-solution focused startups, funded by the European Union (EU). The findings were validated through a survey that involved 102 entrepreneurs. The comparative analysis of two multiple case studies helped identify beliefs that were merely “myths”; myths that drove irrational strategic decisions, resulting in business failures. Results: The results indicate that startups make decisions in pandemic situations that are driven by seven myths, pertaining to human, intellectual, and financial resources. The decision on whether to diversify or continue in the same business operation can be divided into four strategic options of the Competency-Industry Relatedness (C-IR) framework: ignore, delay, phase-in, and diversify. Diversification in the same (or different industry) is less risky for startups if they have the skills, as needed, to diversify in related industries. Diversification in related industries helps startups leverage their experiences and learning curves (those associated with existing product lines) to adapt their existing products in new markets, or utilize their technologies to solve new problems via new products. The desired outcome for these startups should be sustainable business growth—to meet sustainability goals by contributing to the society and the economy. Conclusion: The C-IR framework is a strategic guide for startups to make business decisions based on internal factors, rather than myths. Accurately assessing skill diversity and the nature of new industries (or markets) will help startups leverage their existing resources optimally, without the need for (pricey) external funding. This will foster sustained business growth resulting in a nation economic development. Knowledge transfer from the Innovation ecosystem will further strengthen the C-IR framework effectiveness.

Status of Start-ups in Hills and Planes of Uttarakhand: A Comparative Study

The start-up ecosystem plays a critical role in the growth & development of a society. The reason behind creation of Uttarakhand as a separate state is to have a balanced growth of people in Hills. The start-up policy is a phenomenon that ensures balanced growth by offering equal opportunities to all the segments of the society. Start-up encourages people to initiate and contribute in the economic activity at their home town and to be vocal for local. In this paper start-up ecosystem in Uttarakhand is analysed. The objective of the study is to status and comparisons of start-ups between Hills and Plane region of Uttarakhand. This study will help to design the policy to healthy growth of start-ups in rural and hilly zones of the state. Start-ups that qualify the parameters of start-up policy of Uttarakhand are taken for the study.

The influence of dynamic capabilities on startup growth

Purpose The purpose of this study is to analyze the relationship between dynamic service innovation capabilities (DSICs) and startup growth in an emerging country. Design/methodology/approach This paper used a theoretical DSIC model to process data on 137 Brazilian startups, using a stepwise regression. Findings Service startup growth is related to the capability of enterprises to understand market signals, learn from customers and design a scalable, repetitive and profitable business model. Research limitations/implications Despite the innovative nature of startups, this paper found that technological and networking capacities are not a determinant of growth. Practical implications Managers should commit themselves to improve their competence in terms of understanding market signals, even when they already have a consolidated business model, products and service offerings. The findings also function as a warning about the dangers of an excessive focus on technological capabilities. Social implications Innovative startups, which achieve high growth create a disproportionate number of new jobs. Hence, by indicating the dynamic capabilities that are more conducive to firm growth, this paper contributes to society and the economy at large. Originality/value The findings challenge the myth of technological capacity and networking skills as the main sources of startup growth. This paper shows that founders and managers of service startups who want to achieve rapid growth should concentrate more effort on other skills. Marketing competence and building scalable business models – abilities that are common to successful traditional firms – are more relevant for short-term growth than technological innovation.

Innovation characteristics of high-growth startups: the Korean case startups

Efforts to overcome low growth traps are ongoing worldwide. As high-growth startups substantially contribute to the economy, it is critical to understand what allows startups to achieve high-growth. Previous research has generally focused on high-growth firms and there is a lack of understanding in the difference between high-growth and general startups, especially in terms of innovation. To address this gap, this study examines the innovation characteristics of high-growth startups by analyzing Korean Innovation Survey data with logit regression and decision tree models. Previous studies have shown that high-growth firms are associated with product innovation. We show that process innovation is the most critical factor in creating high growth in startups. This result extends the finding of previous literature that process innovation not only increases the survival rate of startups, but also has a significant effect on achieving high growth. These results suggest that process innovation should be considered important when exploring innovation strategies or designing support policies for startup growth.

Cutting edge technologies to end food waste

Cutting edge technologies to end food waste

A Study on the Effect of the Embryonic Relationship Between Accelerators and Startups on Corporate Performance

In order for startups to survive safely in their early stages and lay the foundation for sustainable growth, they need appropriate external help, such as accelerators from the start. However, despite the growing interest in accelerators, there are not enough theoretical considerations to give a comprehensive picture of how accelerators can affect startups in a particular way. Therefore, this study provides a more effective understanding of the survival and growth of early startups and suggests a direction that can be applied to empirical studies related to accelerators in the future.<BR> In March 2019, the Minister of Strategy and Finance announced a strategy to spread the second venture boom in cooperation with relevant ministries. You can start high-tech innovation start-ups by strengthening your business to support investment mentoring skills and expanding the scale of support. Therefore, in this study, we study the impact of entrepreneurship, network, technology orientation, strategy orientation, and mentoring on entrepreneurial performance (financial and non-financial). Research has been conducted on the identification of relationships and roles. It was evaluated based on statistics of 220 start-up companies with less than 7 years of founding. The survey was analyzed using the SPSS statistics program. The findings of the study confirmed that mentoring and entrepreneurship in social networks and startups, with the exception of technology-oriented and strategic orientation, all play a positive role, regardless of the difference in financial and non-financial corporate performance.

Influence of entrepreneurial characteristics towards the growth of startups

India has the second largest startup ecosystem with the growth rate of 10-12% with 20,000 startups. The factors that make India appealing are cost of doing business, proximity and size of the marke...