Growth Of Start-ups Research Articles

Startups for Economic Development in India: Challenges and Strategies for Middle-Income Trap

The concept of the middle-income trap (MIT) suggests that economies in the middle-income range face difficulty in progressing to the high-income stage over a prolonged period. Escaping the MIT has been a significant topic, particularly in South Asia. The key solution to this economic challenge lies in enhancing the ease of doing business (EDB), primarily by promoting startups. India has witnessed substantial growth in promoting startups since 2010. Despite favorable conditions for economic advancement, India has remained in the lower-middle income bracket for more than 15 years since 2007. Existing research has inadequately explored the specific obstacles and disadvantages hindering the ease of conducting business activities, especially for startups, particularly in India. Employing qualitative analysis, a strategic framework has been outlined to address the MIT through the promotion of startups in India. This framework integrates the domains of economic development and business growth facilitated by startups promotion. Sustained support for revising development policies to accelerate startup growth is instrumental in steering India away from the MIT. Notably, a noteworthy transformation of society stems from consistent efforts in enhancing policies that encourage startups to overcome the MIT challenge in India. Importantly, a significant aspect involves the Indian government's focus on investing in infrastructure and human capital through education, serving as foundational prerequisites to cultivate a more favorable business environment.

The Role of Technology in Fostering Innovation and Growth in Start-up Businesses

The integration of technology within the context of start-up enterprises has emerged as a transformative force driving innovation and growth. This paper presents a bibliometric analysis of the literature on the role of technology in propelling business innovation and growth in start-ups. Through a systematic review of scholarly articles, this study aims to uncover key trends, themes, and influential contributions in the field. The analysis employs co-citation networks, author and institution mapping, journal analysis, and keyword clustering to map the intellectual landscape of this dynamic research domain. The findings highlight the centrality of concepts such as open innovation, digital transformation, and disruptive innovation, underscoring the multidimensional interplay between technology and start-up success. Prolific authors and influential institutions are identified, showcasing the collaborative nature of research in this area. The prominence of specific journals underscores the dissemination of knowledge within the academic community. The comprehensive keyword analysis reveals prevalent themes such as business models, performance, and open innovation, as well as emerging considerations including sustainability and barriers. The insights derived from this bibliometric analysis contribute to a deeper understanding of the complex dynamics that shape the symbiotic relationship between technology, innovation, and growth in start-ups.

Entrepreneurial ability, entrepreneurial orientation and new-startup challenges: Basis for Chinese startups growth mechanism framework

Entrepreneurial ability, entrepreneurial orientation and new-startup challenges: Basis for Chinese startups growth mechanism framework

Opportunities and Challenges of Startups

Innovative start-ups can create and shape new industries and generate considerable economic and societal impacts. Accordingly, a variety of policy initiatives are aimed at promoting the establishment, growth and impact of innovative start-ups. Designing such policies is a challenging task, because most start-ups fail. In addition, only a small share of those start-ups will ultimately prove to be innovative, and very few of those will eventually become high impact firms. Hence, effective policies require a better understanding of the processes by which innovative start-ups are formed, developed and create impact, as well as of the heterogeneous nature inherent to innovative start-ups along with their development trajectory. The purpose of the study is to discover what startups understand from the concept of innovation, how they innovate in their businesses and what they encounter as factors - both internal and external - driving or constraining their innovation activities. The theoretical framework of the study covers knowledge about the concepts of innovation and startup, the role of innovation in driving economic growth, the characteristics of innovation in startups and innovation drivers and barriers.

MEASURING THE JOB PRECARIOUSNESS EXPERIENCED BY GOJEK DRIVERS IN INDONESIA

The introduction provides an overview of the rapid growth of digital technology and its impact on various aspects of human life. The rise of the information society and the development of the digital economy, particularly in Indonesia, has led to the emergence of start-ups like Gojek. Gojek, a digital business offering various services, has become a significant player in the Indonesian market, impacting millions of lives and employing many driver-partners. However, the welfare of Gojek drivers has come under scrutiny as studies have highlighted their vulnerabilities. The concept of "precariat," introduced by Guy Standing, is used to describe the vulnerabilities experienced by these digital workers. Precariat workers, such as Gojek drivers, face multiple challenges, including ambiguous work relations, lack of worker rights, and inadequate state support. The methods section explains the research approach used, which is a qualitative descriptive method with a literature review approach. The research framework is based on data collected from various sources to analyze Gojek drivers' vulnerabilities. The results section provides insights into Gojek's profile, industry development in Indonesia, and the vulnerabilities Gojek drivers face. The partnership status of Gojek drivers leads to unequal relationships, extended working hours, and a lack of worker rights, particularly regarding social security benefits. Additionally, conflicts have emerged between Gojek and conventional motorcycle taxis, further highlighting the job insecurity experienced by Gojek drivers.

The European Disadvantage(s) at Startup Growth: Evidence from Startups Migrating to the U.S.

The European Disadvantage(s) at Startup Growth: Evidence from Startups Migrating to the U.S.

The Financiers: The Factual Progress Motorists of Indian Economy

The development and growth of a nation depends on its human resources and their capability to transform the available resources into a productive asset, and this capability exists in an entrepreneur. Thus an entrepreneur is a major contributor in growth of the economy. He is the one who generates income, increases the level of employment, achieves sustainable growth, and thus play a pivotal role in economic growth. They are the masters of their own destiny. Realizing the significance of new ventures and startups our present government have left no stone unturned in giving a boost to this sector. The recent schemes and policies announced by the Modi government have laid down the foundation of a nation which soon will become self reliant, the conducive environment being provided to the entrepreneur have spurred the growth of new start ups in the recent past. This paper tries to explore the factors that have led to growth of new breed of entrepreneur in the country, and also the challenges that they are facing. The paper also reviews the policy work of government that have facilitated to the ease of doing business in India.

A Simulation Model of Growth of Teams and Startups in Academic Development Centers using the System Dynamics Approach

A Simulation Model of Growth of Teams and Startups in Academic Development Centers using the System Dynamics Approach

Spanish economy on the trajectory of the modernisation process

The experience of Spain indicates that in the actual conditions of decomposition of global and European economic growth, the promotion of modernisation processes involves reforming and structural rebooting of the economy, highlighting and systemic support for high-tech sectors of the economy. These and other problems of modernization are solved on the basis of the existing scientific and technical potential and international competitive advantages of Spanish business leaders in certain sectors of the world economy. As an example, the article demonstrates that in the changing European environment Madrid has tried to seize the initiative in the critical energy field. In this regard, the Spanish authorities predictably focused on relations with neighboring countries: Portugal and France, the creation of an energy system's interconnectivity, which has become one of the main tasks of the reform. Among other key areas are reindustrialisation, innovatisation programme digitalisation of small and medium-sized enterprises, creating conditions for the growth of technological unicorn startups. With the assistance of scientific methods of systemic, comparative, historical, content and statistical analysis, case study, the article reveals the concept of Spanish modernisation and gives its periodisation, defines the goals, tools, risks and challenges of the current stage of modernisation.

Disruptive Innovation and Business Growth of Fashion Entrepreneurial Start-Ups in Nigeria

This empirical study examined the relationship between disruptive innovation and business growth of fashion entrepreneurial start-ups in Nigeria. The study adopted the cross-sectional research survey design. Primary data was generated through structured questionnaire. The population, which also served as the sample size, for this study was sixty-three fashion entrepreneurs, fashion bloggers, fashion enthusiasts, fashion industry experts and clients of fashion outlets with social media presence in Nigeria. The reliability of the instrument was achieved by the use of the Cronbach Alpha Coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient. The tests were carried out at a 0.05 significance level. The findings of the study indicate a positive and significant relationship between disruptive innovation and business growth (proxied by customer acquisition, brand presence and revenue growth) of fashion entrepreneurial start-ups in Nigeria. This suggests that fashion start-ups in Nigeria can leverage disruptive innovation strategies to foster growth, differentiate themselves in the market, and respond to evolving consumer demands. Therefore, the study recommends fashion start-ups should leverage technology-driven innovations to enhance business growth. This should involve adopting e-commerce platforms, mobile applications, and social media marketing strategies to reach and engage with a broader customer base. Utilizing data analytics and personalized marketing approaches can also help target and attract potential customers more effectively. Keywords: Disruptive Innovation, Business Growth, Fashion Entrepreneurial Start-Ups

Can Product Quality Improve Purchase Decisions in E-Commerce and Social Media through Customer Loyalty and Trust?

The increase in online sales transactions has continued to increase due to several factors, such as the improvement of Internet quality, the growth of start-ups in Indonesia, and the COVID-19 pandemic’s effects, which have restricted customers from making purchases offline. The research aimed to identify different types of direct and indirect influences that caused customers to make purchase decisions for fashion products and determine more dominant group (women or men) on e-commerce platforms and social media. The research applied a quantitative method. The research respondents were 244 customers who bought fashion products in e-commerce and social media. The analytical tools were Structural Equation Modelling (SEM) with SmartPLS 4.0, convergence and discrimination invalidity for the validity test, composite reliability for the reliability test, and structural model evaluation (inner model). The findings indicate that all aspects of product quality, trust, and customer loyalty have a huge impact on buying fashion products in e-commerce and social media. Moreover, in the indirect effect, product quality affects customer loyalty through trust. Similarly, product quality impacts purchase choices through customer loyalty. Trust also affects purchase choices through customer loyalty. Then, product quality affects purchase decisions through trust. Last, product quality has an impact on purchase decisions through customer loyalty and trust. Additionally, the results of PLS-MGA show that women are more dominant in buying fashion products on e-commerce and social media than men.

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The growth of small and medium start-ups in India plays a crucial role in fostering economic development, generating employment opportunities, and promoting innovation. In this context, entrepreneurial education has emerged as a powerful tool that equips aspiring entrepreneurs with the necessary knowledge, skills, and mindset to navigate the challenges of starting and growing a business. This abstract highlights the significance of entrepreneurial education in the growth of small and medium start-ups in India. It emphasizes how entrepreneurial education fosters entrepreneurial intentions, enhances entrepreneurial capabilities, and provides access to valuable resources and networks. The abstract also touches upon the role of government initiatives, educational institutions, and industry collaborations in promoting entrepreneurial education. By recognizing the role of entrepreneurial education, policymakers, educators, and entrepreneurs can work together to create a supportive ecosystem that nurtures the growth of small and medium start-ups, thereby driving economic growth and innovation in India.

COMPETITIVE ADVANTAGE USING A RESOURCE-BASED VIEW STARTUP EDUCATION TECHNOLOGY IN INDONESIA

Education Technology (Edtech) is a slice combination of education and technology that has changed the existing traditional education system. With the development of technology and digital society, the growth of Edtech startups has increased in Indonesia in recent years. The edtech industry has not only developed global education in general but has also contributed to the growth of a fairly new sector of the state's economy. Edtech presents not only development and learning possibilities but also the elimination of global inequality and the inability to have equal rights for Indonesians. This study will look at how the interaction between resources and capabilities creates core competencies to lead to competitive advantage using the concept of Resource Based View at Startup Edtech. This research is a descriptive research which used an exploratory qualitative approach to describe and building an understanding the phenomenon. Data collection was carried out through several stages, starting with documents, case studies and observations. Moreover, the analyzed through data collection, reduction, presentation, and conclusion. Developing and enhancing skills through education and impactful employment are key drivers of the economy, individual and societal well-being. This can be a moment for startups to engage in the Edtech sector, to build a process, approach, and strategy for teaching and learning activities to produce human resources with the skills needed in future jobs. With its advantages, Startup Edtech can play more of a role as an organization that is able to provide value and competitive advantage in today's digital era, especially in the development of education in Indonesia.

창업자의 창업생태계 인식이 ESG 경영에 미치는 영향

The purpose of this study is to examine the relationship between start-up founders' awareness of the start-up ecosystem and ESG management, and to analyze the moderating effect of the start-up period in this relationship, to suggest a plan for successful ESG management of start-ups. In order to achieve the purpose of the study, a survey was conducted on 290 founders who had start-up experience in 2022, and the collected data was analyzed statistically using SPSS 26.0 and AMOS 26.0 programs. The results of this study are as follows: First, the importance of policies among entrepreneurial ecosystem recognition has been verified to have a significant positive (+) effect on environmental protection, social responsibility, and governance of ESG management. Second, the importance of entrepreneurship culture support among the recognition of the entrepreneurial ecosystem has been verified to have a significant positive (+) effect on environmental protection and social responsibility of ESG management. Third, the importance of the market, human resources, and finance among entrepreneurial ecosystem recognition has been verified to have a significant positive (+) effect on environmental protection, social responsibility, and governance of ESG management. Fourth, the moderating effect of the start-up period was found to be significant in the paths of [importance of policy → environmental protection], [importance of support for start-up culture → social responsibility], [importance of market, human resources, and finance → social responsibility], and [importance of market, human resources, and finance → governance]. This study is meaningful in establishing the future direction of the domestic startup ecosystem and the ESG management strategy of startup companies for each stage of startup growth by verifying the impact of the founder's awareness of the startup ecosystem on the ESG management of startup companies.

Lean UX: Applied PSSUQ to Evaluate Less-ON UI/UX Analysis and Design

Indonesian start-up growth continues to show upward growth. Behind the upward movement of change are success statistics that develop contradictions. According to start-up statistics, about 90% of start-ups fail. Up to 75% of unicorn start-ups believe his excellent UI/UX design can boost start-up valuations and additional investment capital. Less-On is a tutoring provider that acts as an intermediary between teachers and students. This research is done by integrating the process of Lean UX methodology into each process present in each phase of software development. The results obtained from this research are final prototypes that have been validated in terms of criticism and suggestions through questionnaires in the form of lessons on start-up branding. The positive user experience and excellent usability will help further the development of the tutor booking application prototype. This plays an important role in the acceptance, satisfaction and efficiency of using this Less-ON application. The user interface has excellent usability for users tested using the PSSUQ, with an overall average score of 2.136, indicating system usability, information quality, interface quality, and overall Satisfaction-based demonstrates that the system is highly acceptable.

Kırgızistan’da Girişimcilik Ekosistemi Ne Kadar Başarılı?

Entrepreneurship, which affects the increase of the welfare level of societies, is carried out in many countries to encourage and support policies. With the technological developments in the world, countries are trying to create and develop the entrepreneurship ecosystem. In particular, many private-state institutions such as techno parks and incubation centers on issues as investor networks, work areas, and know-how support technological entrepreneurs. Thanks to the development of the entrepreneurship ecosystem in question, the increase in entrepreneurship, the development and growth of startups are ensured. In this sense, it is aimed to examine the entrepreneurship ecosystem in Kyrgyzstan and to reveal the situation of startups in the country. The study conducted semi-structured interviews with 21 startups in Kyrgyzstan, focusing on startups. We analyzed the demographic characteristics of entrepreneurs, information about their enterprises, their relations in the entrepreneurship ecosystem, and support mechanisms in our research. As a result of analyses, the characteristics of the entrepreneurs in Kyrgyzstan and the entrepreneurship ecosystem were evaluated with discussion and results, the issues and suggestions that should be developed in the entrepreneurship ecosystem were presented.

Government’s Role in Creating a Start-Up Ecosystem : The Indian Youth Perception

Purpose : The purpose of this research was to investigate the perception of Indian youth regarding the start-up environment in India. The study aimed to identify the factors influencing the youth’s perception and determine their attitudes toward entrepreneurship in the Indian scenario. Methodology : The study analyzed the relationship between the constructs using a descriptive research technique. This study’s data was acquired using a standardized questionnaire and verified metrics. The data were acquired mostly from the Bhopal city by using a Google form (Madhya Pradesh). The inverse square root method was used to compute the sample size required for the study. Using SmartPLS software, the structural model of the study was examined, and the hypotheses were tested. Findings : According to the study’s findings, government initiatives are the most influential factor in creating an environment for start-ups. The start-up ecosystem has the most direct impact on promoting start-ups. Practical Implications : The government’s policies and initiatives play a crucial role in promoting entrepreneurship and creating an environment that supports start-up growth. Government support programs can help young entrepreneurs access funding, mentorship, and other resources necessary to start and grow a successful business. Originality : Previous research on start-ups has often focused on factors such as access to capital, market conditions, and regulatory environments. However, understanding the perceptions of Indian youth towards the government’s role in creating a start-up ecosystem can provide a unique perspective on how the government can effectively support start-ups in India.

Impact of Digital Marketing on Small Scale Startup Business with Special Reference to Madhya Pradesh

Abstract: This thesis aims to research the value and influence of digital marketing on the competitive establishment of startup companies. The research would further explore whether digital marketing can substantially affect the growth of startups, enhance brand recognition, gain consumer loyalty, and strengthen customer relationships. This concept has yet to be previously researched. The only related Study we found was the correlation between social media and innovation in startups, which indicates that social media positively affects innovation in startup companies. The research used a qualitative approach in which five startup firms were interviewed using a semi- structured interview as the primary data collection method. The research also collected secondary data from peer-reviewed articles, journals, and websites. The Study concludes that digital marketing is recognised as a creative and efficient way of obtaining, sustaining, and establishing customer relationships. Online channels and platforms, such as websites, industry-specific outlets, and forums, have been identified to be the most beneficial for startups.

Exploring the impact of innovation intensity on the growth of female-led entrepreneurial firms

PurposeThe purpose of this article is to investigate the relationship between gender, innovation and growth in Italian innovative start-ups.Design/methodology/approachThis is a quantitative study based on a sample of more than 4,600 Italian innovative start-ups. In order to ascertain whether female-led firms that invest more in innovation grow more than their male-led counterparts, sales growth is analysed through a fixed-effects regression over the period 2015–2019. Propensity score matching is also used to check for potential selection bias.FindingsResults reveal that innovation is crucial for start-up growth and, most importantly, that female entrepreneurs exploit the potential of innovative activities for their firm’s growth better than their male peers.Originality/valueThe results provide important evidence on the link between gender and innovation and how these two elements interact for the growth of firms in their early life. Results also provide insights for policymakers to use in designing programs for promoting female entrepreneurship and participation in science.

Studies on start-ups during COVID-19 pandemic: a bibliometric study

PurposeThis study aims to identify the development, trends and research gaps related to start-ups during the COVID-19 pandemic. Furthermore, this research identified future research directions.Design/methodology/approachThis research is a bibliometric study using 192 Scopus-indexed articles with the assistance of the VOSviewer. The selected articles discussed start-ups during the COVID-19 pandemic and were published between 2020 and 2022. The analyses included initial statistics on publication trend, distribution of research field, most productive journals, most productive authors, most cited article, geographic distribution, multinational collaboration and science.FindingsBetween 2020 and 2022, the literature on start-ups during the COVID-19 pandemic has increased. Most articles are in Business, Management and Accounting, Economics, Econometrics and Finance and Social Sciences. Regarding geographic distribution and multinational collaboration, the USA, India and the UK led the numbers. The UK was also the forerunner in research collaboration. Based on the science mapping results, COVID-19, fintech, entrepreneurship and innovation were the most simultaneously used keywords. Furthermore, this study also identified that there is a lack of study regarding consumer behavior, employee behavior and quality management of start-ups during the COVID-19 pandemic.Research limitations/implicationsThis research also has several limitations. First, this research only used the Scopus database. Even though Scopus has advantages compared to other databases, combining the Scopus database with other databases will be able to provide more comprehensive data. However, there is a risk associated with combining two or more databases, namely, duplication. When using more than one database, researchers must ensure no repetition of the articles used because it will affect the analysis results. Future research can consider combining the Scopus database with other databases. Second, this bibliometric study covered the publication of start-ups during the COVID-19 pandemic. The COVID-19 pandemic is still ongoing. This condition indicated that several research on start-ups during COVID-19 are still being performed and will be published. Thus, future bibliometric study start-ups during COVID-19 were needed to update the trend of the research on start-ups during COVID-19.Practical implicationsThe bibliometric study provided at least two main practical implications that can be used to support the growth of start-ups during the COVID-19 pandemic. First, this research has mapped the existing literature on start-ups during the COVID-19 pandemic. This information can be used as input for start-up practitioners and policymakers when they need scientific reference and evidence in developing a policy and/or a management action/program needed during the COVID-19 pandemic. Second, this research highlighted several clusters of keywords that are attracted many researchers. These keywords can be viewed as important issues that are needed to be monitored by start-up practitioners and policymakers during the COVID-19 pandemic.Social implicationsStart-ups have an important role in economic development. It is well known that start-ups can boost productivity and economic growth. As start-ups tend to use technology, it also has an important role in disrupting traditional economic practices. Start-ups may also offer a more convenient life. Furthermore, the availability of start-ups may also increase the quality of life of the people that are serviced by the start-ups.Originality/valueTo the best of the authors’ knowledge, this is the first bibliometric study that discussed start-ups during the pandemic. It provided a comprehensive literature review process to identify research gaps that allowed future researchers to develop studies related to start-ups.