Success Of Enterprise Research Articles

Comparative Study of Startup Success and Failure: Lessons from Prominent Ventures

By contrasting five successful businesses (Zomato, Paytm, Urban Company, Flipkart, OLA) with five unsuccessful startups (TinyOwl, Stayzilla, Housing.com, Dazo, PepperTap), this research explores the elements that contribute to the success and failure of startup enterprises. Numerous business factors are examined in this analysis, such as consistent leadership, investment plans, market demands, business environment, resource availability, and technology adoption. With the use of a comparative analytic approach and a quantitative research design, the study attempts to offer thorough insights into the crucial factors that determine startup success or failure

Enhancing social enterprise coffee marketability through sensory packaging: consumer impressions, willingness to buy, and gender differences

PurposeThis study investigates how consumers perceive the packaging of Philippine coffee social enterprise products and how this impression affects their willingness to purchase based on sensory expectations, brand attitude, product quality perception, and price perception.Design/methodology/approachFollowing a positivist research philosophy, this study used empirical methods, surveying 263 coffee consumers. The coffee packaging prototypes varied across material and graphic designs. The data was analyzed statistically using the Friedman test and Spearman correlation.FindingsIt was found that packaging elements elicit an equal share of emotional responses. Graphics have a greater impact than materials. Females are more affected by visuals, while materials influence males more. Further, packaging design correlates positively and significantly with consumer impressions and willingness to buy.Research limitations/implicationsThe sampling methodology limits generalizability. Future studies can use integrated models to analyze the effects of additional packaging variables like color and shape.Practical implicationsCoffee enterprises should focus on graphic rather than material elements. Paper packs with patterned graphics are most attractive to consumers. Targeted gender-sensitive packaging designs are needed. Standardized packaging can help build the Philippine coffee social enterprise industry and support small-scale farmer livelihoods. Environmentally sustainable materials should be prioritized.Social implicationsThe findings contribute to the success and growth of small-scale farmers and social enterprises in the Philippines. These businesses can attract more consumers, increase their market share, and ultimately generate more significant social impact by implementing packaging design strategies that effectively communicate product quality, sustainability, and social value.Originality/valueThe study uniquely integrates diverse methods to provide holistic insights into jointly analyzing the effects of packaging materials and graphics. It proposes an expanded conceptual role of packaging in shaping product perceptions using the affective response framework and Kansei approach.

The Influence of Social Capital on Entrepreneurial Success: A Study of Networks and Relationships in MSMEs

This research investigates the influence of social capital on the entrepreneurial success of Micro, Small, and Medium Enterprises (MSMEs) by examining the roles of bonding, bridging, and linking social capital. A mixed-methods approach was employed, including a quantitative survey of 300 MSME owners and qualitative interviews with 20 selected respondents. Descriptive statistics revealed high levels of bonding social capital, significant variability in bridging social capital, and diverse experiences with linking social capital among participants. Regression analyses confirmed the positive impact of bonding, bridging, and linking social capital on different aspects of entrepreneurial success, while structural equation modeling demonstrated their synergistic effects. Thematic analysis of interviews provided deeper insights into how entrepreneurs leverage social capital at various stages of business development. The findings highlight the importance of strategic management of social networks in enhancing MSMEs' ability to innovate, adapt, and achieve sustained growth.

Membangun Keunggulan Kompetitif UKM melalui Ketangkasan Strategis dan Kemampuan Jaringan dalam Menghadapi Tantangan Lingkungan Bisnis yang Berfluktuasi

This research aims to delve deeper into the evolving challenges in the business environment, where the success of Small and Medium Enterprises (SMEs) in East Java in building competitive advantage often heavily relies on their ability to adeptly combine strategic agility and networking capabilities. The study seeks to comprehensively explore the direct impact of networking capabilities on enhancing the competitive advantage of SMEs in East Java, particularly amidst unstable business conditions. Additionally, it will investigate the vital role of strategic agility as a mediator facilitating the relationship between strategic agility, networking capabilities, and the competitive advantage of SMEs in the region, specifically adapting to the dynamics faced in the business environment. This study also plans to analyze the possibility that the influence of networking capabilities on the competitive advantage of SMEs in East Java can be mediated by effective strategic agility. Furthermore, in our endeavor to deepen this understanding, the research will explore how the level of turbulence in the business environment in East Java moderates the relationship between strategic agility and the competitive advantage of SMEs, with the hope of providing richer insights for entrepreneurs and stakeholders in the region.

Are Wineries in Slovakia Profitable?

Abstract Profit is a measure of the success of enterprises, it is quantified from the difference between revenues and costs. It fulfils several functions, whether distributive, accumulative, motivational. Many factors influence its formation and development. Profit represents an internal source of financing for business activity. The main objective of the paper is to evaluate the formation and development of profit or loss and its forms in selected wineries in Slovakia. In Slovakia, the wine industry has a long tradition. The paper was focused on the evaluation of costs, revenues as two important factors affecting the formation of the profit or loss. Profit/loss was reflected in the quantification and analysis of profitability indicators, which are referred to as profitability, return indicators. Based on the results of calculations of individual indicators, it can be stated that the set of 120 wineries showed a profit, which positively affected the values of profitability indicators. Wineries showed a loss only from financial area

Promoting Community Enterprises in Thailand: Challenges and Opportunities

Objective: The study examines how policy implementation, policy network management, and capacity building can help promote community enterprises in Thailand. Theoretical Framework: A theoretical approach has been used in this study. Concepts such as Small and Micro Community Enterprise Policies, Policy Networks, Policy Implementation, and Community Enterprise Management Potential have been considered. Method: This qualitative study examined how policy implementation, policy network management, and capacity building can help promote community enterprises in Thailand. Several government agencies and community enterprises were interviewed for the research. While community enterprise promotion policies are widely supported, there are challenges in tailoring them to local contexts and ensuring effective collaboration among stakeholders. Bottom-up and context-sensitive policymaking is needed, as well as stronger interorganizational coordination and data sharing mechanisms. Results and Discussion: The research highlights the importance of tailoring policies to local contexts, fostering collaboration among stakeholders, and addressing capacity building needs in a comprehensive manner to promote the success of community enterprises in Thailand. The findings offer guidance for policymakers and practitioners while also suggesting areas for further research to deepen understanding and inform future interventions. Research Implications: This study contributes to a more nuanced understanding of what it takes to promote community enterprises in Thailand and offers valuable guidance for policymakers and practitioners working to support community-based entrepreneurship. The findings underscore the importance of context-sensitive policies, strong collaboration among stakeholders, and a holistic approach to capacity building. Originality/Value: The study contributes to a nuanced understanding of what shapes community enterprise success in Thailand. This report offers policymakers and practitioners valuable insights into creating an enabling environment for community-based entrepreneurship.

Surveying the crucial role of financial management in small and medium enterprises

Financial management plays a vital role in the success and sustainability of Small and Medium Enterprises (SMEs). The unique challenges faced by SMEs demand a comprehensive understanding of financial strategies and practices to navigate the complexities of the business landscape. This paper discusses about SMEs and executes financial decisions and performs in larger organizations. The main objective to examine the literature on SME sources of financing, and implement the account of SMEs and characteristics of owner-manager. SME financial decisions must be explored to understand the intricate relationships and determine the industry's financial contributions. The study desires to provide significant knowledge through investigating the intricate relationship among the characteristics of SMEs and various traits exhibited by their managers and owners. This knowledge was utilized to influence the policy structures, financial organizations and stakeholders involved in supporting SMEs. The SMEs represent an integral part of generating national economic growth was essential to possess comprehensive knowledge of financial circumstances. This information was essential to create a context that supports business management, supports creativity and enables equitable economic growth.

Determinants of Agribusiness Diversification Among Women Agri-Preneurs in Njoro and Molo Sub-Counties in Nakuru County, Kenya

Participating in agribusiness value chains is significant for growth and development of an economy. Women have been noted to have low participation in agribusiness activities as compared to men because women face challenges such as inaccessibility and ownership of assets, social cultural hindrances, lower market innovativeness and versatility factors. To reduce these challenges faced by women agri-preneurs, there is need to adopt agribusiness diversification to ensure the success of agribusiness enterprises. The aim of this study was to determine the factors that influence the number of agribusiness lines that female agri-preneurs participate in. This study was carried out in Njoro and Molo Sub-counties in Nakuru County, Kenya between March and August 2023. A standard Poisson regression model was carried out to examine the number of agribusiness lines that female agri-preneurs have to maximize revenue and spread risks associated with post production agribusiness activities such as selling, distribution and value addition of agricultural products. The study sampled 267 female in agribusinesses, both group participants and non-participants. Data processing was done using SPSS and STATA software. The results showed that age, education level, Leadership position, size of agribusiness enterprise, time taken in the agribusiness activities and ability of the female agri-preneurs to borrow loans positively influence the number of agribusiness lines that women agri-preneurs have.

Proposing a Conceptual Framework for the Study of SME Success in Service Industry: An Appraisal of Theories

The objective of this article is to review the extant literature on the factors contributing to the success of Small and Medium-sized Enterprises (SMEs) operating within the service sector. SMEs constitute a significant component of all economies, with the service sector comprising the largest segment of SMEs in most countries. Given the diverse nature of SMEs within the service sector, this appraisal of theoretical work may help researchers and practitioners alike to have a better understanding of SME success factors to inform strategies not only in this sector but also for other sectors of the economy, including but not limited to the industrial sector, financial sector, and manufacturing sector.

Empowering her drive: Unveiling the resilience and triumphs of women entrepreneurs in rural landscapes

Rural women entrepreneurship plays a pivotal role in poverty eradication and inclusive development, yet many women in developing nations, including Tanzania, grapple with challenges hindering their enterprise success. This study delves into these challenges and explores resilience strategies for positive transformations. Primary data was collected from 540 women-led enterprises in the Tabora region between April and June 2022, analyzed using the One-parameter logistic, and Ordinary Robust Least Square models. The One-parameter logistic model, suited for binary outcomes, reveals nuanced challenges faced by rural women entrepreneurs, with government policy, regulatory environment, and education and training showing positive and significant relationships to discrimination, while cultural factors, infrastructure, and socioeconomic characteristics exhibit negative significant relationships. The Ordinary Robust Least Square model indicates that resilience strategies, including diversification of income streams, access to credit, skills development training, sustainable agriculture practices, and value addition programs, significantly influence women entrepreneurs' performance. These strategies empower women to overcome challenges and thrive. Conclusively, the study advocates for targeted policy interventions fostering education, financial inclusion, and sector-specific support to empower and enhance the resilience of women entrepreneurs, contributing to broader socioeconomic development.

Research on the Innovation of Logistics System of E-commerce --Taking JD Logistics as an Example

As a core component of e-commerce platforms, the efficiency and innovation ability of the logistics system is crucial to the enterprise's success. With the rapid development of e-commerce and the intensified competition in the global market, digital transformation, as a major trend in the current business environment, provides opportunities for the optimization and innovation of logistics systems. However, the digital transformation of small and medium-sized enterprises (SMEs) is still in the exploratory stage, and the transformation is difficult. Based on the case study method, this paper aims to study the technical achievements of JD Logistics in terms of digital transformation. It connects with the current situation of digital transformation of small and medium-sized enterprises to explore how the digital innovation of JD Logistics is inspiring to small and medium-sized enterprises. Through literature analysis and data integration, the successful experience of JD Logistics' digital transformation concepts and automation technology can be used in the development of warehousing and logistics technology for small and medium-sized enterprises., The successful experience helps small and medium-sized enterprises to solve the technological constraints in warehousing and leads to the development of the economy.

The Impact of Performance Appraisal and Training and Development on The Financial Performance of Small and Medium-Sized Enterprises (SMEs)

This study aims to measure the influence of human resource management (HRM) practices on the financial performance of small and medium enterprises (SMEs). It notably focuses on analyzing the effects of training and development programs and performance appraisal methodologies. In order to carry out this study, a quantitative methodology was employed, which entailed the use of self-administered questionnaires. A linear regression analysis was conducted on data obtained from 130 small and medium-sized enterprises (SMEs) to examine, assess, and improve the relationship between performance appraisal, training and development, and the financial performance of SMEs. The results indicate a clear and direct association between training and development, performance appraisal systems, and the financial success of small and medium-sized enterprises (SMEs). The findings highlight the critical importance of HRM practices as strategic investments rather than just administrative tasks. These findings provide useful insights for scholars and practitioners, offering a framework for implementing training and development and performance evaluation procedures to achieve financial success in small and medium-sized enterprises (SMEs), not just in Kosovo but also in similar global contexts.

Top management team social capital and business model innovation: moderating role of business ecosystem health

PurposeThis study explores the influence of the Top Management Team (TMT) social capital on business model innovation in business ecosystems.Design/methodology/approachThis study examines the impact of internal and external TMT social capital on enterprises’ business model innovation, explores the relationship between internal and external TMT social capital, and investigates how business ecosystem health moderates the relationship between external TMT social capital and enterprises’ business model innovation. These hypotheses are proposed and tested using a hierarchical regression analysis with data from 168 Chinese firms.FindingsFirst, both internal and external TMT social capital exert a significantly positive influence on an enterprise’s business model innovation. Second, internal TMT social capital positively contributes to the development of external TMT social capital, affecting business model innovation. Finally, the moderating effect of business ecosystem health on the relationship between external TMT social capital and business model innovation depends on the dimensions. Specifically, the productivity of the business ecosystem negatively moderates this relationship, whereas the niche creation capability of the business ecosystem has a positive moderating effect.Originality/valueThese findings enrich prior research on business model innovation within the business ecosystem, thoroughly exploring the critical role of TMT social capital. This study reveals the diverse impacts of internal and external TMT social capital on business model innovation and the intricate relationship between these elements. Furthermore, it emphasizes that the success of enterprise’s business model innovation within a business ecosystem depends on the alignment and adaptation to dynamic ecosystem conditions. By presenting these insights, this study provides valuable practical implications for enterprises aiming to cultivate social capital within business ecosystem to facilitate business model innovation.

Navigating Global Markets: Insights into Ceramic Firm Performance and Market Entry Strategies

Analyzing the intersection of market entry strategies and ceramic firm performance in the international market, this study offers insights into the dynamics shaping the competitiveness of U.S. ceramic firms abroad. By examining the strategic decisions guiding market selection and entry modes, this research sheds light on the factors influencing the success of ceramic enterprises on the global stage. This article delves into the intricacies of market entry strategies adopted by U.S. ceramic firms as they venture into international markets. It explores the strategic decisions made regarding market selection, distinguishing between English- and non-English-speaking countries, and the various modes of entry employed, including exporting, licensing, joint ventures, subsidiaries, and retail stores. The findings from a comprehensive analysis of 57 firms engaged in international markets unveil a significant trend: firms targeting culturally similar markets, particularly English-speaking ones, tend to achieve superior revenue generation and overall performance compared to those entering non-English-speaking countries. Additionally, through a cluster analysis, the study identifies four overarching modes of entry ranging from straightforward direct exporting to more intricate strategies integrating subsidiaries and retail outlets abroad. Surprisingly, the mode of entry doesn't exhibit a clear association with performance outcomes. This suggests a cautious approach by U.S. ceramic firms, opting for markets with lower levels of uncertainty, primarily through export activities.

The Relationship between Leadership and Performance in Enhancing the Sustainability of Social Enterprises

As social enterprises are established for the purpose of solving local problems, the sustainability of social enterprises is also important for local development. In order to increase the sustainability of social enterprises, performance improvement is necessary, and research on finding leadership styles suitable for social enterprises continues to be an important method of performance improvement. However, despite considerable interest in social enterprises over the past few decades, no consistent conclusion has been reached about what leadership style is appropriate for social enterprises. The present study aimed to find a suitable leadership style for social enterprises within the major leadership styles recognized in commercial enterprises. This study investigated the impact of the three major leadership styles in commercial enterprises on satisfaction and performance in social enterprises. Based on prior research, transformational leadership, with its capacity to promote change and support the achievement of goals, was considered appropriate for social enterprises, and entrepreneurship was also considered as challenge is important for balancing economic and social purposes. Servant leadership also focused on the importance of providing support for employees on the basis that employees’ success is the success of social enterprises. In this study, in order to broadly understand the performance of different leadership styles, job satisfaction and leader satisfaction were considered at the individual level, and economic performance and social performance were considered at the firm level. To support the argument of this study, the researcher aimed to survey employees who perceive a leader as possessing leadership qualities in social enterprises. For this purpose, a survey on transaction leadership was conducted among employees who participated in a three-week training session related to social enterprises. And on the last day of training, three leadership and four outcome variables were surveyed. Analyzing data form 170 respondents in 52 social enterprises whose evaluation of their leader’s transactional leadership was higher than the average, the present study found that transformational leadership had a positive relationship with all four variables considered as leadership outcomes. And this study found evidence that entrepreneurship had a positive relationship with job and leader satisfactions, but the impact of entrepreneurship on economic and social performance was insignificant. However, servant leadership had a positive relationship with leader satisfaction and social performance, but the impact of servant leadership on job satisfaction and economic performance was insignificant. These results contribute to confirming that the emphasis on leadership styles in commercial enterprises can effectively operate in social enterprises as well, and that the effectiveness of leadership can vary depending on the desired outcomes.

Implementation of Statistical Innovation in a Pharmaceutical Company

Innovation, defined as the successful implementation at scale of a new invention, is key for continued success of the drug development enterprise. In this article we focus on statistical innovation in the pharmaceutical industry. We discuss both components, invention and implementation at scale, typically called commercialization, of innovation for statistical methods. These concepts are illustrated using three examples that we successfully implemented in our company. We summarize factors that foster or hinder invention and commercialization. A discussion of the mindset we consider supportive of innovation and how organizational leaders and professional organizations can generate an environment that fosters innovation concludes the article.

Successful Technology Enterprise Founders and Their Leadership

With the continuous progress of science and technology, more and more innovative enterprises from different fields have sprung up and grown. With the superb level of science and technology and strong innovation ability, these enterprises occupy a place in their respective industries. In addition to the momentum of the company itself, the leadership of its founder also plays a pivotal role in the growth of the organization. As an important part of the corporate culture and value system, leadership has a profound impact on the quality and effectiveness of the organization and its employees. This paper analyzes the manifestation and development of leadership by the founders of successful scientific and technological enterprises such as Apple, Amazon, Facebook, Microsoft and Tesla in the process of leading the company's operation and development, studies three typical leadership factors, namely innovation, communication and prediction, and analyzes how these leadership factors promote the development of enterprises by using specific cases. Finally, it is concluded that the success of the enterprise cannot be separated from the full play and practice of the excellent founder's leadership.

Smart Transaction System using MERN Stack

Efficient and secure transaction systems are critical to the success of enterprises in the quickly changing world of today. There is a growing need for new solutions since traditional methods of conducting transactions are becoming antiquated and laborious. The goal of this paper is to demonstrate a comprehensive and up-to-date solution for transaction management: The Smart Transaction System (STS), which was developed utilizing the MERN stack (MongoDB, Express.js, React.js, and Node.js). Simplifying the transaction process while maintaining security, dependability, and scalability is the goal of the STS. Both administrators and users can easily do a variety of transaction-related operations with its user-friendly interface. The solution leverages the capabilities of the MERN stack, using Node.js for backend development, Express.js for server-side logic, React.js for creating dynamic and responsive user interfaces, and a NoSQL database for flexible data storage. Keywords: Smart Transaction System, MERN Stack, MongoDB, Express.js, React.js, Node.js, Security, Efficiency, Real-time Tracking

Explaining Enterprise Litigation Success with fsQCA: The Role of Local Economic Environment, Policy Preferences, Case Complexity, and Party Capability

Since the initiation of reforms and the opening-up policy in China, enterprises have played a pivotal role as a key pillar of local economic growth. Within the context of harmonious labor relations, the effective means of assisting enterprises in safeguarding their particular interests during labor disputes remains unresolved. Fuzzy-set qualitative comparative analysis (fsQCA) is able to capture a higher degree of complexity by testing theory-based conditions and environmental effects rather than focusing on a single effect of a single variable. Therefore, coming from a new institutionalist perspective, this study employed fsQCA to explore the causal relationships among factors including local economic environment, policy preferences, case complexity, party capability, and enterprise litigation success. Analyzing data from 28,685 labor dispute cases from Guangdong Province between 2015 and 2019, and utilizing enterprise data from the China Economic Information Network and the National Enterprise Credit Information Publicity System, we found that: (1) it is difficult for enterprises to succeed substantially in a single-antecedent condition; (2) There are four pathways to forming high enterprise victory, each involving different configurations of eight conditions; and (3) Judicial preference, employee legal representative, and enterprise legal representative are central elements in all aforementioned pathways, even if they are not necessary conditions for the success of high enterprises. The research results enrich our understanding of the current style of institutionalism, providing a valuable reference point for effectively improving the legal success of enterprises and improving the harmonious development of labor relations, with far-reaching implications for the further study of the judicial protection of enterprise rights under the socialist system.

The effect of Sustainability Innovation, Proactive Sustainability Strategy, and Digital Transformation on Corporate Sustainability Performance

Purpose: Business sustainability is widely accepted as a crucial approach to ensure the long-term success of enterprises. This research aims to explore how proactive sustainability strategies, sustainable innovation, and digital transformation impact a company's sustainability performance. Method: Additionally, the study will use organizational culture as a moderator and add size and leverage as control variables to evaluate their effects. A total of 705 sample data were collected from the financial statements, annual reports, and sustainability reports of non-financial companies listed on the Indonesia Stock Exchange (IDX) between 2018 and 2022. To test the hypotheses investigated, multiple regression analysis was used. Results and conclusion: The findings reveal that proactive sustainability strategy, sustainability innovation, and digital transformation have a positive impact on corporate sustainability performance. Secondly, it was found that organizational culture cannot act as a moderator in the relationship between proactive sustainability strategy, sustainability innovation, and digital transformation. Research implications: The research highlights that to enhance long-term performance, environmental, economic, and social strategies should be supported by stakeholder engagement, governance and leadership, and communication strategies. Among these six elements, stakeholder engagement and communication strategies have the most positive impact on sustainability performance. Originality/value: This study has introduced three new aspects for measuring the Proactive Sustainability Strategy.