Journal articles on the topic 'Startup failures'
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Bednar, Richard, Natalia Tariskova, and Branislav Zagorsek. "Startup Revenue Model Failures." Montenegrin Journal of Economics 14, no. 4 (December 6, 2018): 141–57. http://dx.doi.org/10.14254/1800-5845/2018.14-4.10.
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Muramalla, Venkata Sai Srinivasa Rao, and Ateeq Mesfer Al-Hazza. "Entrepreneurial Strategies and Factors Stimulate the Business of Tech Startups." International Journal of Financial Research 10, no. 3 (May 19, 2019): 360. http://dx.doi.org/10.5430/ijfr.v10n3p360.
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Enterprising a startup business is depending on personal experiences of investors and their social relationships with all stockholders. Startup entrepreneurs are typically involved in the qualitative evaluations of their business counterparts operating in the market. However, startup entrepreneurs shall look at what caused them to fail in their ventures, they examine the reasons for their failures, and finally, entrepreneurs develop a culture of strategic thinking for getting success in the business. In this context, this paper examined the entrepreneurial strategies of tech startups and deliberated the factors that stimulate the growth of a tech startup business in India. However, initiatives of the government to promote tech startups in India also exposed in this paper.
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Leavy, Brian. "Startups – Tom Eisenmann analyzes the most prevalent failure patterns and how to avoid them." Strategy & Leadership 49, no. 5 (October 14, 2021): 31–37. http://dx.doi.org/10.1108/sl-09-2021-0091.
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Purpose The Fail-Safe Startup: Your Roadmap for Entrepreneurial Success, the new book by entrepreneurship researcher Tom Eisenmann, sets out to help improve the odds by looking more closely at the most prevalent causes of startup failure and how to avoid them. Design/methodology/approach Eisenmann research led him to identify six distinct patterns that explain a large proportion of startup failures, three relating to early stage failures and three to late stage. Findings Strong demand from early adopters may lead a founder to scale up prematurely. Practical/implications Entrepreneurs must research differences in the needs of likely early adopters and mainstream customers during the upfront customer discovery phase. Originality/value Entrepreneurs must research differences in the needs of likely early adopters and mainstream customers during the upfront customer discovery phase. 10; 10;The line between visionary entrepreneur and cult leader can become blurry, and a founder?s ?reality distortion field--useful for motivating others to help pursue the founder?s dream?can become a liability.
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Perry, Alvin, Emad Rahim, and Bill Davis. "Startup Success Trends in Small Business Beyond Five-Years." International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility 3, no. 1 (January 2018): 1–16. http://dx.doi.org/10.4018/ijsecsr.2018010101.
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While entrepreneurs help to drive venture growth through business development in their respective cities, approximately 50% of new business ventures fail within the first 5 years of operation. Boss concluded that over 60% of entrepreneurs and small business owners fail within the first 6 years of doing business. This article examines some of the main factors that support early growth stage entrepreneurial sustainability for small business startups. In this article, entrepreneurship success factors, failure rates and sustainability are examined through qualitative research, expanding on factors identified in previous studies and applying them to different geographical areas. The results of this study can help reduce the number of small business failures by providing actionable knowledge to entrepreneurs in the start-up and early growth stages of business development.
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Putu Agustini, Ni Luh, Putu Agus Swastika, and Ni Made Estiyanti. "Analisa Nilai Valuasi Startup Berdasarkan Faktor Keuangan Dan Faktor Non Keuangan Media Online PT. XYZ Bali." REMIK (Riset dan E-Jurnal Manajemen Informatika Komputer) 3, no. 2 (March 29, 2019): 5. http://dx.doi.org/10.33395/remik.v3i2.10101.
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The number of internet users in Indonesia has increased rapidly in the past two decades. Technological developments coincided with the growth of pioneering companies or startups, both failures or great successes. Fundraising is the lifeblood of startup, a steady stream of funds from various sources will greatly help the company.The success of startups, one of them can be seen from how much the value of the startup’s valuation, The greater the value then the opportunity to get investors' funds wide open. PT. XYZ is one of the startup of online media in Indonesia and the first in Bali, investment funds can certainly support and optimize the development of the company. Considering the importance of investment funds for the sustainability of the company, a valuation calculation is needed to gain an opportunity to receive funding. The important elements of the company, both in terms of financial and non-financial, will be the attraction of investors to invest.
Keywords : Valuation, Startup, Investment
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Santoso, Nurudin, and Faizatul Amalia. "Designing An Application of Software Project Management By Using Framework Scrum (SPM-Scrum)." Journal of Information Technology and Computer Science 6, no. 1 (April 30, 2021): 25–32. http://dx.doi.org/10.25126/jitecs.202161297.
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Most of failures of startup application in many countries reached 75%, while the startup failures in Indonesia reached 90%. These failures were caused by non-technical or management factors in managing startup. The RPL (Software Engineering) Laboratory of FILKOM of Brawijaya University has a roadmap to develop an application to guarantee the success of a management software project. The data analysis had been performed on FILKOM student’s thesis work which generally develops software that has main obstacle in the management. A study solution which was developed through scientific SDLC and PMLC combined with Scrum method becomes an application named SPM-SCRUM. The results of analysis carried out on several software development projects refer to the Iterative SDPM process. Furthermore, the strategy of Iterative SDPM combined with Scrum method produces a system architecture design that separates the Front End and Back End
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Gwarda-Gruszczyńska, Edyta. "Intellectual property protection in startups." Kwartalnik Nauk o Przedsiębiorstwie 67, no. 1 (March 31, 2023): 39–50. http://dx.doi.org/10.33119/knop.2023.67.1.3.
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In recent years, there has been a sharp increase in startups. This enables the rapid development of technology and technological innovation. Many inventors and innovators create intellectual property that is not always adequately protected. When observing the life cycles of startups, it can be noticed that large number of these startups become inactive within the first three years of operation. The aim of this article is to answer the questions: what factors influence startup successes and failures? Is the lack of intellectual property protection one of such factors, and if so, how can startups secure their inventions or innovations? What strategies can be applied to protect intellectual property? What does intellectual property protection look like in Polish startups? Desk research was used as the research method in the article. The literature on the subject was analysed along with the reports and studies of research companies, institutions associating startups and the websites of patent attorneys and law firms that help startups in the protection of intellectual property. Research has shown that, in most cases, startups see the need to protect intellectual property, which is of particular importance in high-tech sectors. Many factors can contribute to the failure of a startup at various stages of its development. It is important that the intellectual property is protected at the initial stage of the startup’s development, and that the company has created and applied an appropriate intellectual property protection strategy.
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Aminurahman, Fakhreza, Lien Herlina, and Nur Hasanah. "BIG DATA CAPITALIZATION IN ATTEMPT TO SOLIDIFY TANIHUB STARTUP OPERATIONS: A CASE STUDY." Journal of Information System and Technology Management 7, no. 27 (September 30, 2022): 269–79. http://dx.doi.org/10.35631/jistm.727021.
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The high growth of startups in the VUCA (Volatile, Uncertainty, Complexity, Ambiguity) era was offset by the high number of failures of various businesses that relied on the technology. In many industries, the increasing level of vulnerability, uncertainty, and complexity of businesses is undermining the market and changing the nature of competition. Tanihub startup is an e-commerce startup that is considered able to come out as a winner by capitalizing the big data they formulated. This study aims to (1) identify variations in big data owned and formulated by the Tanihub Startup Company during its business, (2) review any big data that can be a sustainable competitive advantage for Tanihub Startup, and (3) formulate the implications regarding big data capitalized by Tanihub Startup Company. This study uses VRIO analysis in determining the big data of a company's competitive advantage and marketing in the formulation of strategies to maintain a sustainable competitive advantage. Big data that has been extracted through the 3 scopes, then processed and analyzed using VRIO (Valuable, Rare, Inimitability, Organize) to determine various variations of big data. Tanihub Startup that can be a competitive advantage for the company. Through the VRIO test results of the big data variations that have been analyzed, formulate 10 big data that can be categorized as a sustainable competitive advantage for the company Startup Tanihub. Then, formulate a market strategy based on these competitive advantages using marketing genius.
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Al Falih, Abdulaziz Abdulmohsen. "A Comparative Analysis of Start-Up Entrepreneurship Support between the UK and Kingdom of Saudi Arabia." Journal of Entrepreneurship and Business Innovation 7, no. 2 (August 31, 2020): 1. http://dx.doi.org/10.5296/jebi.v7i2.17511.
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Start-ups in many countries face numerous challenges especially the inadequacy of financial and professional support. Lending to startups is perceived as risky due to the high possibility of business failures. Globally, there is a consensus on the significance of entrepreneurship particularly for social and economic development. Consequently, the correlation between startups and entrepreneurial support has attracted immense interests from researchers and policymakers.In this paper, the researcher sought to identify the support systems availed to startups in the UK and Sudi Arabia and compare the ease of establishing new businesses between the two countries. A qualitative and quantitative research approach was adopted with a sample of 100 participants from each country. The data collected wasanalysed using statistical package for social scientists (SPSS) and presented in the form of tables and graphs. The results showed that government support systems had a significant impact on the performance of startup entrepreneurship in the two countries under consideration. It was also found that startup entrepreneurship support systems were more favorable in the UK than in Saudi Arabia. In conclusion, the researcher formulated some recommendations for increasing support for startup entrepreneurship in both countries including the provision of practical programs for encouraging entrepreneurial mindsets, especially among learners.
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Faghri, A., M. Buchko, and Y. Cao. "A Study of High-Temperature Heat Pipes With Multiple Heat Sources and Sinks: Part I—Experimental Methodology and Frozen Startup Profiles." Journal of Heat Transfer 113, no. 4 (November 1, 1991): 1003–9. http://dx.doi.org/10.1115/1.2911193.
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A high-temperature sodium/stainless steel heat pipe with multiple heat sources and sinks was fabricated, processed, and tested. Experimental results from tests performed both under vacuum and in air are presented. The startup behavior of the heat pipe from the frozen state was investigated for various heat loads and input locations, with both low and high heat rejection rates at the condenser. No startup evaporator dryout failures were found, although the heat pipe was sonic-limited during startup in air.
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Rahman, Eva. "Dinamika Resiliensi pada Co-Founder Startup Generasi Milenial." Psychocentrum Review 4, no. 1 (March 27, 2022): 20–32. http://dx.doi.org/10.26539/pcr.41814.
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Abstract. The formation of startup in Indonesia that sharply increase, have inspires milenial to do the same. But in its formation, there are various failures that must be faced. Startup co-founder who has multiple roles in the company, requires good resilience ability to faces problems. This study aims to determine the resilience dynamics of the millennials generation startup co-founder when facing the challenges in forming their startup. The qualitative-phenomenological approach was carried out through semi-structured in-depth interviews and observations, on 4 participants who were selected by purposive sampling, with the criteria (1) being a co-founder of startup that has been established for at least 2 years, (2) when being a co-founder they were still as a college student, (3) millennials generation (born at 1980-2000). The data validity technique was carried out by method triangulation, time triangulation, and member checking. Data analysis was carried out using Interpretative Phenomenological Analysis. The results show that there are three phases of the millennials startup co-founder resilience dynamics, (1) the initial phase, in the form of self-actualization motivation and the trend of establishing startup; (2) the stress phase, in the form of co-founder task stressors, academic, social, and expectations; (3) the adaptation & awakening phase, in the form of coping mechanisms and support systems. The results of the study can be used as a reference for millennials startup co-founders to build resilience. Further studies by increasing the number of participants, and using more reliable theory, are highly recommended to increase the validity of the findings.
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Yang, Dong-Yuh, Jau-Chuan Ke, and Chia-Huang Wu. "Randomized control of arrivals in a finite-buffer GI/M/1 system with starting failures." RAIRO - Operations Research 54, no. 2 (February 27, 2020): 351–67. http://dx.doi.org/10.1051/ro/2018104.
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This paper proposes a randomized policy for the control of arrivals in a finite-buffer GI/M/1 system with a single server. When the capacity of system is full, no new arrivals are permitted to enter the system. When the number of customers in the system decreases to threshold F, a new arriving customer is allowed to join the system with probability p. The system requires an exponential startup time before allowing customers to enter the system. The startup process may not be successful and is then restarted once again. Using the supplementary variable technique in a recursive process, we obtain the stationary distribution of the system size. Various performance measures of the system are developed. We also create a cost model based on the system performance measures and cost elements. The optimal threshold, optimal capacity and optimal startup rate of the system are determined to minimize the expected cost per unit time. Finally, we provide numerical examples to conduct a sensitivity analysis.
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Zaman, Umer, Laura Florez-Perez, Pablo Farías, Saba Abbasi, Muddasar Ghani Khwaja, and Tri Indra Wijaksana. "Shadow of Your Former Self: Exploring Project Leaders’ Post-Failure Behaviors (Resilience, Self-Esteem and Self-Efficacy) in High-Tech Startup Projects." Sustainability 13, no. 22 (November 21, 2021): 12868. http://dx.doi.org/10.3390/su132212868.
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Globally, demands for sustainable strategies in the ICT industry have attracted greater momentum as high-tech projects continue to fail in large numbers. Recent studies have underpinned project resilience as a major factor for overcoming these increasing project failures, delays, or termination. However, the complex behaviors of resilient project leaders, especially in post-failure conditions, have been largely overlooked. To address this critical research gap, the present study identifies the direct relationships between three potential behavioral traits of project leaders (i.e., resilience, self-esteem, and self-efficacy) and examines how they move forward beyond project failures. The present study also explored whether self-esteem mediates project leaders’ resilience and self-efficacy. Drawing on data from 232 project leaders in Pakistan’s high-tech start-ups, the new findings suggest that there are significant positive effects of project leaders’ resilience and self-esteem on their self-efficacy, and that project leaders’ resilience and self-efficacy is significantly mediated by their self-esteem. As the project resilience theory gains traction, the present study findings have pinpointed major steps for meeting project challenges ahead of time, allowing leaders and teams to learn from failures, and also for improving organisations’ ability to implement successful and sustainable high-tech projects especially in emerging economies.
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Halakhova, T. O., O. O. Yevdochenko, and O. V. Kyslytsyna. "The Determinants of Success and Divergent Aspects of the Startup Companies Development in the Global Business Environment." Business Inform 8, no. 523 (2021): 6–12. http://dx.doi.org/10.32983/2222-4459-2021-8-6-12.
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The article is aimed at researching the determinants of success and divergent aspects of the development of startup companies in the modern global business environment in order to substantiate effective technologies for their development. Thus, the global vector of economic, technological, socio-cultural development determines the emergence of progressive economic concepts, which are currently represented by the following formulations: digital economy, gig economy, knowledge economy, service economy, innovative and creative economy, sharing economy, etc. The authors analyzed two significant criteria that are most common in determining a startup company: innovative product and rapid growth rate. A comparative analysis of both startup-based and traditional business was carried out, which allowed to outline key divergent aspects of these concepts, namely: local and global ambitions; scalability of business; product innovativeness; information and digital technologies; trajectory of successful development; commercial interests; organizational structure; business model transformation; business ecosystems, etc. The authors analyzed key determinants of success and failures of startup projects based on the following criteria: idea, business model, launch time, team, marketing strategy, investment, system of mission, goals, and values. Prospects for further research in the context of the development of startup companies in the modern business environment are the systematization of successful cases and the development of certain mechanisms for improving the efficiency of activities of startup companies.
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Hua, Xuedong, Weijie Yu, and Wei Wang. "Stability Analysis of Heterogeneous Traffic Flow with Connected and Automated Vehicles: Joint Consideration of Communication Failures and Driver Takeover." Journal of Advanced Transportation 2022 (August 22, 2022): 1–23. http://dx.doi.org/10.1155/2022/5142956.
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As a primary stage of connected and automated vehicles (CAVs), the cooperative adaptive cruise control (CACC) system takes some outstanding advantages such as accurate perception and timely reaction, which benefit from vehicular communication, over human-driven vehicles (HDVs). However, these advantages will turn into stability risks in case of communication failures caused by malicious attacks. Thus, this study aims at analyzing the stability of heterogeneous traffic flow with communication failures. We model two types of communication failures: bogus messages and transmission delay, and introduce drivers’ takeovers to react to communication failures. As a result, heterogeneous traffic flow consists of normal CACC vehicles, CACC vehicles with communication failures, and HDVs. Then, a series of numerical analyses, including startup and braking analysis, incidents analysis, and density wave, are proposed to verify the theoretical models and demonstrate their major properties. Besides, a discussion on traffic capacity is presented to analyze the overall impact of communication failures on traffic flow characteristics. The findings can help to investigate the stability evolution of heterogeneous traffic flow and determine the appropriate traffic flow configuration under communication failures.
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Matulich, Erika, and Karen Squires. "What A Dog Fight! TKO: Pets.com." Journal of Business Case Studies (JBCS) 4, no. 5 (June 28, 2011): 1. http://dx.doi.org/10.19030/jbcs.v4i5.4779.
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The case covers the startup of Pets.com, an online retailer of pet supplies. Pets.com made its entry into a heavily competitive but potentially lucrative market. Despite heavy capital funding and a number of high-profile strategic initiatives, the company closed its doors in November, 2000. The demise of Pets.com is considered to be one of the highest-profile dotcom failures.
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J, John Manoharan, and Thomas Herbert. "Role of management education in enhancing startups – a descriptive review." Journal of Management and Science 9, no. 2 (June 30, 2019): 75–84. http://dx.doi.org/10.26524/jms.2019.9.
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In the Indian Business ecosystem, the country is witnessing a flurry of new startups, almost in all industries, predominantly with new innovations, new technologies, since 2015. This may be of two prime features – with tremendous potential of profound market size and rapid increasing of day-today budding of new entrepreneurs. This may be due to new government initiatives like “Startup India, Standup India”. The new startups or the existing startups, so-called family business firms give the ones to actualize their faster growth, accomplishments, such as financial growth and freedom, pride. In the journey of entrepreneurship, there are myriad of challenges such as huge competitors, political strategies, law enforcements, and market dynamics to be encountered every day. In the case of new ventures an entrepreneur need to be of wellversed the contemporary events and should be of muscled with the knowledge of management tactics to abreast the challenges. The management education is indeed provides the ample of knowledge of management tactics with its application in forming successful strategies pertaining to marketing, finance, human-capital, employee engagement, Product innovations, pricing that matches the business environment, that will aids a entrepreneur to have a smooth glide in the business atmosphere. Despite the startups are of flourishing in numbers, it is horrendous that there are many witnesses of Startup failures, due to the lack of knowledge of management about the business, these shortcomings in the management of business have lead to many breakdowns of the new startups and non-viability of running the family businesses due to lack of management tactics that have lead to many closed downs. This article will give a Descriptive review about the how the role of management education that enhances a new entrepreneur and family firms in a successful way.
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Chaker, Fadwa, and Mohamed Wail Aaminou. "Kamal Youbi: a knack for startups." Emerald Emerging Markets Case Studies 10, no. 1 (January 2, 2020): 1–28. http://dx.doi.org/10.1108/eemcs-02-2019-0039.
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Supplementary materials Teaching Notes are available for educators only. Learning outcomes Discover first-hand entrepreneurship facets in Africa through a real-lived story; and identify key success factors for entrepreneurship in emerging countries. Case overview/synopsis The case describes the main entrepreneurial milestones of a young Moroccan entrepreneur. By telling his success stories and his failures, the challenges he stumbled over and how he quickly got on his feet after each fall. The case ends with a description of the creation process and evolution of MyAppConverter®, a highly innovative startup, describes the huge potential of the firm and the main difficulties faced by the founders. With limited financial resources, the associates need to quickly detect the misfunctioning part of the business model and get it fixed before the crucial pitch they are making at the end of the month before world leading investors. Complexity academic level Bachelor in business administration. Subject code CSS 3: Entrepreneurship.
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Hasan, Kamaruddin, M. Nazaruddin, Muchlis, Jufridar, Regina Keumala, R. Maruli Aftah, and Elga HL. "Start Up Entrepreneurship Millennials in Lhokseumawe City 2022." Proceedings of International Conference on Social Science, Political Science, and Humanities (ICoSPOLHUM) 3 (January 8, 2023): 00023. http://dx.doi.org/10.29103/icospolhum.v3i.150.
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Religion Building a startup business doesn't need to wait for old age, if you can be successful at a young age why should it be postponed. Optimism in utilizing digital technology to become digital talent Startup Entrepreneurs. Digital Entrepreneurship provides knowledge and skills to millennials to be able to start, manage, develop businesses by utilizing digital media. Choosing to become a startup entrepreneur in the digital era is the right choice and solution. Becoming an entrepreneur can enrich experience and knowledge. Millennials need to understand, run, develop startup businesses so they can minimize business failures, are willing to take risks to be more successful. There's no need to hesitate to start a business in this era of digital technology convenience. In today's digital era, entrepreneurs must take advantage of technological sophistication to develop their business. Technology is an alternative as a battering ram for success in millennial businesses. Every minute a new digital startup appears with almost the same features as one another. So it takes skills, innovation, creative ideas, courage and creativity that millennials tend to believe can be applied. Millennials need to have mental attitude readiness, knowledge readiness, skills and resource readiness. Competition in the world of work today is an imbalance between limited job opportunities and job seekers, causing unemployment. Including higher education graduates today, there are more job seekers than graduates who open employment opportunities. The impact that causes high job seekers is suspected because many tertiary institutions implement a system to prepare students to graduate quickly and get jobs instead of making them creative and able to open new jobs. Data from BPS 2022, the Lhokseumawe City Open Unemployment Rate (TPT) reached 10,804 people, dominated by Public High School (SMA) 3,532 people, Vocational High School (SMA) 2,153 people, Elementary School graduates 1019 people, Diploma one to three 671 people and finally from University graduates reached 1,422 souls. The percentage of open unemployment to the total workforce in 2019 reached 11.06 percent, 11.99 percent in 2020, and in 2021 it reached 11.16 percent. This community service activity is to encourage, educating millennials in Lhokseumawe City to have an entrepreneurial spirit, create, survive and develop business startups. Success at a young age, smart looking for opportunities and hard work. Millennial involvement in the startup business world is expected to make a positive contribution to economic development. Apart from supporting it in terms of income, it has also created new jobs by reducing the unemployment rate. The involvement of all related institutions to be able to move together in the development of millennial business start-ups in the city of Lhokseumawe.
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Batstone, D. J., C. Balthes, and K. Barr. "Model assisted startup of anaerobic digesters fed with thermally hydrolysed activated sludge." Water Science and Technology 62, no. 7 (October 1, 2010): 1661–66. http://dx.doi.org/10.2166/wst.2010.487.
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This paper presents the use of the IWA ADM1 to predict and interpret results from two full-scale anaerobic digesters fed with thermal hyrolysate (waste activated sludge with a long upstream sludge age) from a Cambi hydrolysis process operating at 165°C and 6 bar-g. The first digester was fed conventionally—though intermittently, while the second was heavily diluted through a substantial component of the evaluation period (110 days). There were a number of important outcomes—related to both model application, and model predictions. Input and inert COD: mass ratio was very important, and was considerably higher than the 1.42 g g−1 used for biomass throughout the IWA activated sludge and anaerobic digestion models. Input COD: VS ratio was 1.6 g g−1, and inert COD: VS ratio was 1.7 g g−1. The model succeeded on a number of levels, including effective prediction of important outputs (degradability, gas flow and composition, and final solids), clarification of the substantial data scatter, prediction of recovery times during operationally poor periods, and cross-validation of the results between digester 1 and digester 2. Key failures in model performance were related to an early incorrect assumption of the COD: VS ratio of 1.42 g g−1, and intermittent high acetate levels, most likely caused by inhibition, and rapid acclimatisation to ammonia. The acute free ammonia limit was found to be 0.008 M NH3–N, while the chronic inhibition constant (KI,NH3,ac) was 0.007 ± 0.001 M NH3–N. Overall, this is a complex system, and application of the model added significant confidence to the initial operational decisions during an aggressive startup on an atypical feed.
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Azimian, Mahdi, Vahid Amir, Reza Habibifar, and Hessam Golmohamadi. "Probabilistic Optimization of Networked Multi-Carrier Microgrids to Enhance Resilience Leveraging Demand Response Programs." Sustainability 13, no. 11 (May 21, 2021): 5792. http://dx.doi.org/10.3390/su13115792.
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Microgrids have emerged as a practical solution to improve the power system resilience against unpredicted failures and power outages. Microgrids offer substantial benefits for customers through the local supply of domestic demands as well as reducing curtailment during possible disruptions. Furthermore, the interdependency of natural gas and power networks is a key factor in energy systems’ resilience during critical hours. This paper suggests a probabilistic optimization of networked multi-carrier microgrids (NMCMG), addressing the uncertainties associated with thermal and electrical demands, renewable power generation, and the electricity market. The approach aims to minimize the NMCMG costs associated with the operation, maintenance, CO2e emission, startup and shutdown cost of units, incentive and penalty payments, as well as load curtailment during unpredicted failures. Moreover, two types of demand response programs (DRPs), including time-based and incentive-based DRPs, are addressed. The DRPs unlock the flexibility potentials of domestic demands to compensate for the power shortage during critical hours. The heat-power dual dependency characteristic of combined heat and power systems as a substantial technology in microgrids is considered in the model. The simulation results confirm that the suggested NMCMG not only integrates the flexibility potentials into the microgrids but also enhances the resilience of the energy systems.
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Rohit Kanda and Harish Handa. "The Impact of Service Ethics on Organizational Competitiveness in India - A Primary Approach to the Startup and Emerging Service Enterprises." Think India 21, no. 2 (August 23, 2018): 36–45. http://dx.doi.org/10.26643/think-india.v21i2.7763.
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Ethics concern an individual’s moral judgments about right and wrong. The decision to behave ethically is a moral one; employees must decide what they think is the right course of action. This may involve rejecting the route, which would lead to the biggest short-term profit. It seems the larger a corporation gets, the slimier their actions become. When big profits are a company’s largest and only concern, their employees and the world in general tends to suffer. Here are companies, which have engaged in terribly unethical business practices and are, fortunately, being called out for it. Many a times, business houses get involved in unethical business practices to increase their profits or improve their capability in market. Such practices were carried out throughout the world. This calls for studying the matter. Approaching towards our Focus Group, i.e., Indian Service Sector, which is the youngest and the fastest-growing sector of Economy as well as has the largest share in the structure and growth of the economy, is the foremost tool of growth and development of nation, we can have. However, this sector in recent past many a times, especially in India, has been accused of its service failures and incompetence, arising out of irresponsible behaviour / treatise of management or professionals at various levels. Now, in this research that focuses on Emerging and Start-up Indian Service Sector Corporates, the status of ethics in their practices and the need and possibility of its revival has been studied.
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조성주, 박병진, and Sangmyung Lee. "‘Lean Startup’ : The way to Reduce the Failure Rate of Startups." Asia-Pacific Journal of Business Venturing and Entrepreneurship 9, no. 4 (August 2014): 41–53. http://dx.doi.org/10.16972/apjbve.9.4.201408.41.
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Holyk, Olena. "Tools and Methods for Developing Startups in Engineering Clusters." Central Ukrainian Scientific Bulletin. Technical Sciences 2, no. 5(36) (2022): 115–21. http://dx.doi.org/10.32515/2664-262x.2022.5(36).2.115-121.
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The article is aimed at reviewing the most effective methods and tools for the making of startups. Relevance of familiarization of students of engineering specialties with these methods lies in the need to acquire knowledge, skills and skills in innovative project activities. As the labors market is constantly changing, employers are interested in graduates who have project skills and practical experience. The article considers soft skills that will be in demand in the coming years for successful professional growth and ability to work in a team. The advantages and disadvantages of teamwork, as well as recommendations for improving the effectiveness of teamwork, are presented. The main obstacles preventing control of the process to develop the startup are mentioned. Methods of planning and control of time, determination of priorities of tasks are considered. To formulate the project name and to form the goals, the main instruments that allow to determine the influence of strong and weak sides (SWOT-analysis) are given. Also the tools of the composition structure of works and the hierarchical structure of works which allow to divide the project into components of tasks and subgoals are considered. Thus, the study of engineering and technical specialities of the methods and tools of making start-ups, presented in the article, will help students to form skills to survive failures, to treat their own mistakes with tolerance, to learn to work in a team in a multidisciplinary environment. As a result, students can take a risk-free trial during their studies at the university, and once they have completed their studies they will be ready to engage in professional activities at once.
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Wang, Shuming, and Yan-Fu Li. "Distributionally Robust Design for Redundancy Allocation." INFORMS Journal on Computing 32, no. 3 (July 2020): 620–40. http://dx.doi.org/10.1287/ijoc.2019.0907.
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In this paper, we consider a redundancy allocation problem for a series parallel system with uncertain component lifetimes that minimizes system costs while safeguarding system reliability over a given threshold level. We consider mixed redundancy strategies of cold standby and active redundancy with multiple types of components. We address lifetime uncertainty in the framework of distributionally robust optimization. In particular, we assume the probability distributions of the component lifetimes are not exactly known with only limited distributional information (e.g., mean, dispersion, and support) being available. We protect the worst-case system reliability constraint over all the possible component lifetime distributions that are consistent with the given distributional characteristics. The proposed modeling framework enjoys computationally attractive structures. The evaluation of the worst-case system reliability in our redundancy allocation problem can be transformed into a linear program, and the resulting overall redundancy allocation optimization problem can be cast as a mixed integer linear program that does not induce any additional integer variables (other than original allocation variables). In addition, the extreme joint distribution of component lifetimes can be efficiently recovered by solving a linear program. Our modeling framework can also be extended to incorporate the startup failures and common-cause failures for cold standbys and active parallels, respectively, to cater to more computationally complex settings. Finally, the computational experiments positively demonstrate the performance of the proposed approach in protecting system reliability.
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Camarena-Martinez, David, Martin Valtierra-Rodriguez, Juan P. Amezquita-Sanchez, David Granados-Lieberman, Rene J. Romero-Troncoso, and Arturo Garcia-Perez. "Shannon Entropy andK-Means Method for Automatic Diagnosis of Broken Rotor Bars in Induction Motors Using Vibration Signals." Shock and Vibration 2016 (2016): 1–10. http://dx.doi.org/10.1155/2016/4860309.
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For industry, the induction motors are essential elements in production chains. Despite the robustness of induction motors, they are susceptible to failures. The broken rotor bar (BRB) fault in induction motors has received special attention since one of its characteristics is that the motor can continue operating with apparent normality; however, at certain point the fault may cause severe damage to the motor. In this work, a methodology to detect BRBs using vibration signals is proposed. The methodology uses the Shannon entropy to quantify the amount of information provided by the vibration signals, which changes due to the presence of new frequency components associated with the fault. For automatic diagnosis, theK-means cluster algorithm and a decision-making unit that looks for the nearest cluster through the Euclidian distance are applied. Unlike other reported works, the proposal can diagnose the BRB condition during startup transient and steady state regimes of operation. Additionally, the proposal is also implemented into a field programmable gate array in order to offer a low-cost and low-complex online monitoring system. The obtained results demonstrate the proposal effectiveness to diagnose half, one, and two BRBs.
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Kabeta, Temesgen. "REVIEW OF MICROFINANCE AND WOMEN EMPOWERMENT IN ETHIOPIA." American Journal of Finance 2, no. 6 (July 13, 2017): 1. http://dx.doi.org/10.47672/ajf.267.
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Purpose: The purpose of this study was to review the role of microfinance and empowering women in Ethiopia Findings: According to findings of different authors microfinance is providing financial services to unemployed and low income individuals or groups who would have no access to formal banking services. It has positive impact on the living standard of the poor people in particular and alleviating poverty in their household in general. It is not only undermining poverty in the country, but also empowering women through surviving and making their life prosperous with dignity and self reliance by providing financial services. And also Ethiopian Microfinance is facing different challenges in empowering such as lack of collateral assets, lack of information, work burden, production failures, verbal abuse, lack of infrastructure, low institutional capacity and opportunities of women in microfinance are providing startup capital, women empowerment, poverty eradication, social and political empowerment, improved saving skills and the above challenges listed should be take consideration by government and concerned body as well as problem solving study must be conducted.Unique contribution to theory, practice and policy: It is better when countries microfinance would be more diversified its services to poor categories of the women. Infrastructural facilities must be fulfilled for microfinance institution to empower women
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Ejaz, Noveed, and Muhammad Mansoor. "Analysis of Malfunctioning of Centrifugal Compressor of Starter Engine of an Aircraft." Defect and Diffusion Forum 418 (August 19, 2022): 145–51. http://dx.doi.org/10.4028/p-2ur9hq.
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During aircraft startup, abnormal noise was heard at 100-200 RPM and the aircraft was switched off. On detailed inspection, damage and deformation was found inside the starter fairing, intakes and tail pipe. The failure analysis revealed that the damages were due to the engagement of some stock during rotation, which could be an internal engine’s object. The failure of the bearing inner race was subsequent. The fracture features of shaft were similar to the torsional overload; the fracture was started from a notched region. It was also the consequence of internal object damage.
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Winters, Jeffery. "Startup Suns." Mechanical Engineering 141, no. 01 (January 1, 2019): 31–35. http://dx.doi.org/10.1115/1.2019-jan-1.
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A number of startups have attracted millions of dollars from tech investors with the goal to buld a commercial fusion reactor by the end of the next decade. Befitting the merging of plasma physics and startup culture, each company has a bit of secret sauce that they hope will make the difference between success and failure. This article takes a look at three such startups that are pushing the limits of energy.
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Ramalakshmi, Eliganti, and Sindhuja Reddy Kamidi. "Predictions for Startups." International Journal of Engineering & Technology 7, no. 3.12 (July 20, 2018): 1038. http://dx.doi.org/10.14419/ijet.v7i3.12.17628.
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In general 90 out of 100 startups fail to gain expected funding. There can be several reasons like bad management, lack of sufficient funds, good working team etc. which leads to failure of startup. This work aims to create a machine learning model for predicting the range of funding for the startups based on many key attributesthat are involved at different stages in the startup functioning. It is very important to predict the range of funding prior to the implementation of project and till today not much work is done in this respect. This paper proposes implementing a model to predict the funding of a startups based on many important factors like idea of the startup, place where the startup established, domain vertical to which the startup belongs, prior investors, type of funding the organization is expecting. A model is developed by working on real time data of startups from 2015 to 2017. Classification and regression algorithms are used to build the model.
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Laptev, G. D., and D. K. Shaytan. "Product Management: Managing Product Development in the Era of Digital Transformation." Management Science 8, no. 4 (January 24, 2019): 67–76. http://dx.doi.org/10.26794/2304-022x-2018-8-4-67-76.
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A high percentage of failures of new products is considerably associated with management issues at the initial, with a large amount of uncertainty, stage of product development. Taking into account the fact that the characteristics and functionality of the future product are determined exactly at the initial stage, the management of the process here is of decisive importance. In the digital transformation process, companies rethink the product development management process and, correspondingly, the competence model of product managers. The purpose of the paper is to identify the key competencies (qualities, personal characteristics and abilities allowing to carry out professional activity key tasks) of the digital era product managers, as well as testing the design and project approaches in developing their competencies. Getting primary information about the main professional tasks was provided through in-depth interviews with successful product managers from the following industries: internet and telecommunications, software, pharma and finance. Two typical profiles/types of product managers were identified and called «technologically-oriented» and «business-oriented». As a result of the empirical research the key universal competencies of product managers to manage innovative products development effectively have been revealed. The partial overlap with the competences of innovation entrepreneurs, identified earlier, was discovered. for the development of key competencies, the innovation training program was developed and tested. The statistical analysis results showed that project based learning in combination with design thinking, Lean Startup & Customer Development, as well as modern digital rapid prototyping technique application, provide positive dynamics in the development of revealed key competencies for beginning product managers.
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Bystrov, O. F. "Technological Entrepreneurship: Risk of Startup Failure." Ekonomicheskie i sotsial’no-gumanitarnye issledovaniya 1 (21) (March 2019): 25–30. http://dx.doi.org/10.24151/2409-1073-2019-1-25-30.
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Kim, Kongsoo, Kangdeuk Choi, and Kookyong Lee. "Factors Affecting Fear of Startup Failure : The Case of Re-Startup Trial." Asia-Pacific Journal of Business & Commerce 13, no. 2 (July 31, 2021): 79–97. http://dx.doi.org/10.35183/ajbc.2021.07.13.2.79.
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Cantamessa, Marco, Valentina Gatteschi, Guido Perboli, and Mariangela Rosano. "Startups’ Roads to Failure." Sustainability 10, no. 7 (July 6, 2018): 2346. http://dx.doi.org/10.3390/su10072346.
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Gonzalez, Gilbert. "What Factors are Causal to Survival of a Startup?" Muma Business Review 1 (2017): 097–114. http://dx.doi.org/10.28945/3845.
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A summary of a qualitative and quantitative investigation into what factors are present at time zero that increase the probability that a startup will achieve long term sustainability. The findings of this study will empower advisors and founders on how to improve startup survival rates. Survival rates for startups in the United States (U.S.) are disappointingly low and economically inefficient. The data shows that the U.S. clearly lags its peer countries in the survival rates of startups. The U.S ranked an unacceptable 11th of 14 among its peer countries in first-year survival rates in recent years. Startup failure does not only impact the entrepreneur; it also impacts creditors, vendors, community stakeholders, and employees (Astrachan & Shanker, 2003). While it is commonly acknowledged that entrepreneurial businesses contribute to economic growth, the influential impact survival can have on economic growth within the community is often understated (Frick, 2016). Guzman and Stern (2016) clearly demonstrate the importance of improving startup survival rates. In their recent study, it was demonstrated that a doubling of entrepreneurial success led to an increase of 6.8% of the Gross Domestic Product. The economic impact of startups on the community makes this area of research even more vital. To avoid failure and improve the sustainability of startups requires an in-depth understanding of the factors that are causal and non-causal to sustainability. While there has been significant investment and support by communities, government, and private foundations, startup failure rates remain virtually unchanged in the last two decades. In spite of the many years of research in the field of entrepreneurship, U.S. failure rates within the first five years average 53% (DOL 2016), regardless of the industry membership or economic cycles (SBA Office of Advocacy, 2012). Identifying factors that are causal and non-causal to the sustainability of emerging businesses is crucial to the founders and stakeholders. Within this study, both internal and external factors that may be causal to the macro survival rate of U.S. startups were studied. The external factors were studied quantitatively, using data published by the Bureau of Labor Statistics (BLS), Federal Reserve Economic Data (FRED) and the Brookings Institute. A protocol of regression analysis and visual analytics were applied to evaluate the quantitative data. It demonstrated that external factors such as the change in real gross domestic product (RGDP), interest rates, and expansion of accelerators have had no significant effect on U.S. macro startup survival rates. Further, the findings confirm that neither geographic location nor industry membership impacted U.S. macro startup survival rates.
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Gonzalez, Gilbert. "Risk Analysis for Initial Needs (RAIN): Improving a Time Zero Startup Plan through Resource Based Auditing (RBA) and a Launch Focused Strategy." Muma Business Review 1 (2017): 081–95. http://dx.doi.org/10.28945/3844.
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Using the Risk Analysis for Initial Needs (RAIN) planning model and its resource-based audit (RBA) tool to support the creation of a time zero startup business plan will improve the perceived value of the startup plan to founders and stakeholders by identifying gaps between the needs and availability of the needed resources at time zero. The case has been made that successful startups are beneficial to all stakeholders in the community, while startups that fail to sustain create significant costs, both actual and opportunity, for both themselves and the community. Depending on the source and the time frame referenced, emerging business failure rates range from 50% to 80% (BLS, 2016). This figure demonstrates the disappointing inefficiency of startups. What is not clear is whether the high failure rate, which has come to be accepted, is necessary. The creation of RAIN was motivated by the desire to seek a solution to the business problem of continuously high failure rates through improved startup business planning. RAIN improves the startup business plan by replacing traditional environmental auditing with resource-based auditing (RBA), and focusing on sustainability and scalability during the post-launch Incubation period. Using the RAIN startup planning model at time zero and throughout the early stages of the business lifecycle should improve sustainability and encourage founders to embrace developing and using startup plans. Experts agree that entrepreneurial enterprises are creators of economic growth. In fact, a recent study by Guzman and Stern looked at the attributable growth for a community based on the quality of the startups (Guzman & Stern, 2016). It was found that “a doubling of the entrepreneurial quality predicts an increase of 6.8% in GDP in 11 years” (Frick, 2016). This study emphasizes the need for more successes, rather than more startups. “We’ve long known that new businesses matter to the economy and that it’s a small group of fast-growing firms that matter most, because of the jobs and innovation they bring” (Frick, 2016). Founders, investors, creditors, incubators, government programs, and entrepreneurial education programs all benefit from improving the sustainability rate of startups. These benefits include job creation, debt default minimization, and expanded economic growth through the multiplier effect of the surviving business entity (Guzman & Stern, 2016). Improving the success rate of new businesses through improved time zero planning will have positive consequences for the community and economy.
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Puzakov, Andrey. "Modeling of failures of the starter electric motor." MATEC Web of Conferences 298 (2019): 00006. http://dx.doi.org/10.1051/matecconf/201929800006.
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Failures of automotive starters make it impossible to reliably start internal combustion engines, which, under adverse circumstances, may cause a risk of road traffic accidents. A significant part of starter failures is associated with electrical faults in electric motors. The occurrence and development of failures causes a change in the torque produced by the starter. A mathematical model of the starter’s performance dependant from the magnitude of the electrical resistance of its windings was developed. Physical modeling of failures was carried out using an adjustable active resistance connected in series and parallel to the armature winding. Critical values of electrical resistance correspond to an open and short circuit of the armature winding of the starter electric motor, and, consequently, to starter failure. The results obtained are instrumental to the development of a diagnostics method for automotive starters without removing them from the motor.
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Gustav, Stephen Jonathan, Ridwan Sanjaya, and Agus Cahyo Nugroho. "Business Plan for StartUp Business Mentoring Service." Journal of Business and Technology 2, no. 3 (December 20, 2022): 119–27. http://dx.doi.org/10.24167/jbt.v2i3.4989.
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Startups in Indonesia are currently experiencing rapid growth, along with an increase in the number of internet network service users and the purchasing power of their consumption. The popularity of online or internet services is able to make Indonesia's market share not only a target market for sales but also a place for startups. Startups are often starting or growing businesses that have recently been started and are synonymous with technology. However, the level of achievement of startups in Indonesia is still low. The failure of a startup is caused by a managerial factor such as lack of experience and a clear vision from the founders of the company, lack of company focus in running the business or running out of funds, and other factors like the absence of market needs (no market need). Based on the above background, further research was made on the development of application service startups that will be designed with a scope at UNIKA Soegijapranata, as UNIKA Soegijapranata has an entrepreneurial forum called the Center for Student Entrepreneurship (CSE). The application development method used is the Waterfall method which has 5 stages, namely defining and analyzing requirements, designing software and systems, implementing and unit testing.The impact of planning the MentorKu application shows that users plan will use the MentorKu application in order to increase productivity in developing startup businesses and plan to use the MentorKu application in the future. This is shown based on the results of statistical tests obtained after conducting a survey of 60 respondents with 5 variables, namely PE, EE, FC, HM where all of these variables were assessed for their correlation with the BI variable or Behavioral Intention.
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Parthasarathy, S., Shanmugam Sivagurunathan, and Girish H. Subramanian. "What Should a Startup Know About Software Customization?" International Journal of Information Technology Project Management 13, no. 1 (January 1, 2022): 1–13. http://dx.doi.org/10.4018/ijitpm.313945.
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Due to the expansion of new markets, accessible technologies, and venture funding, software startup growth is amazing. Moreover, startups are frequently required to adapt their software products prior to deployment at a customer's location. The authors collected a data set of 30 software projects retrieved from three software businesses using a case study research approach, with each software startup supplying a data set of 10 of its software projects tagged as failure projects in their project repository. The authors quantify and demonstrate the level of substantial software customization in startup software projects. The authors have also presented a simplified technique for quantifying customization requests for startups. Additionally, they offer tips and best practices to assist entrepreneurs in managing software customization.
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Baskoro, Harjo, Harjanto Prabowo, Meyliana Meyliana, and Ford Lumban Gaol. "Predicting Startup Success, a Literature Review." International Conference on Information Science and Technology Innovation (ICoSTEC) 1, no. 1 (February 26, 2022): 123–29. http://dx.doi.org/10.35842/icostec.v1i1.6.
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The development and growth of startups around the world nowadays have become a global phenomenon. Startups have become an essential element of innovation and economic growth in many countries. But literature shows that the failure rate of a startup is around 90%. Therefore it is crucial for investors, financial advisors, and the government to spot the 10% which eventually will generate higher return rates, bring in greater revenue and ensure economic growth. This research aim is to study what are the critical factors of the startup’s success that can be used to make a predictive model using a machinelearning algorithm to predict the success of a startup.
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Miraza, Chairanisa Natasha, and Elvia R. Shauki. "The Effect of Venture Capital on the Growth of Startups in Indonesia: A Case Study on BRI Ventures." Journal of Economics, Business, & Accountancy Ventura 25, no. 3 (February 10, 2023): 358. http://dx.doi.org/10.14414/jebav.v25i3.2927.
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The low success rate of startups has caused venture capital firms to bear a large risk of investment failure (BRI Ventures, 2021). Venture capital firms play an important role in identifying potential startups and being the driving force for startup success. This study aims to find out the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia, how BRI Ventures (BVI) makes funding decisions, and the criteria set before funding startups. The data analysis uses descriptive qualitative analysis, which includes content, thematic, and constant comparative analysis and is processed using the NVivo 12 Pro software application. This study uses the diffusion of innovation theory to examine the role of BRI Ventures (BVI) in increasing the success rate of startups in Indonesia. The results show that BRI Ventures (BVI) uses the 5Ps approach, a self-designed investment analysis tool to assess whether a startup is feasible to fund. The indicators of 5Ps include people, product, potential market, performance, and potential upsides. The people indicator, which consists of the founder and the team, plays an important role in the success of a startup. The findings of this study suggest that BRI Ventures proactively provide innovations through mentoring programs to increase the success rate of startups. This research is expected to be useful in the financial sector, especially in terms of funding and innovation, for the business sustainability.
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Kopera, Sebastian, Ewa Wszendybył-Skulska, Joanna Cebulak, and Sebastian Grabowski. "Interdisciplinarity in Tech Startups Development – Case Study of ‘Unistartapp’ Project." Foundations of Management 10, no. 1 (March 24, 2018): 23–32. http://dx.doi.org/10.2478/fman-2018-0003.
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Abstract Empirical data as well as scientific reports confirm that startups require diverse, in-house competencies in order to achieve market success. However, while technology-related competencies are usually brought to new tech ventures by their founders, there is a significant deficiency of market- and management-related competencies, which is reflected in the statistics of common startup failure reasons. In this context, a question arises: how interdisciplinarity of knowledge and competencies can be built into the very core of tech startups? The text addresses this question by zeroing in on the role of universities in this process. In the first part, the specificity of tech startups is analyzed. The next chapter overviews the hitherto academy-related startup education environment together with its shortcomings as far as interdisciplinarity is concerned. Finally, the case study of innovative and interdisciplinary academic ecosystem, which was built and tested within the project UniStartApp, is presented and discussed together with related lessons learned. The text is concluded with final remarks on challenges involved in embedding interdisciplinarity into startup education ecosystem.
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Laksmana, I. Nyoman Hendra, and I. Putu Hendika Permana. "Legal Challenges for Digital Startup Development in Indonesia." Journal of Digital Law and Policy 2, no. 2 (January 31, 2023): 71–80. http://dx.doi.org/10.58982/jdlp.v2i2.312.
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The high level of internet usage in Indonesia will certainly be in line with the growth of businesses that use the internet as their main part. Companies working on the Internet are known as digital startups. Digital Startup is a group of people who form an organization as a start-up company that produces products in the technology sector. Startups in Indonesia have been on the rise for at least the last decade. This phenomenon is also seen in Gojek and Tokopedia which are popular among Indonesians. With the rapid growth of startups, of course there are challenges to start and grow, one of which is legal challenges. From a legal point of view, in general startups experience problems such as employment relations, company forms, company names, licensing, intellectual property issues and, contracts. Before starting a business, startup business people must thoroughly study the Indonesian laws and regulations governing startup businesses, as well as study the obstacles that will be faced when starting and running their business activities. So that the risk of failure in running a startup business can be minimized. So in this study the researchers analyzed the legal challenges that need to be prepared to be able to build a digital startup. In this study, researchers used a qualitative approach to collect data and utilize all the information on the subject matter. so that 7 important legal challenges can be found and need to be prepared to be able to build a digital startup. The 7 challenges include: Regulations, Legal Entities or Business Entities, Licensing, Protection of Business Competition, Financial Transactions, Crowdfunding, and Venture Capital.
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Laitinen, Erkki K. "Financial failure of a startup: a simulation approach." International Journal of Management and Enterprise Development 15, no. 4 (2016): 282. http://dx.doi.org/10.1504/ijmed.2016.079851.
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Laitinen, Erkki K. "Financial failure of a startup: a simulation approach." International Journal of Management and Enterprise Development 15, no. 4 (2016): 282. http://dx.doi.org/10.1504/ijmed.2016.10000540.
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Kim, Hicheon, Dohyun Kim, and Jonghoon Lee. "Accelerators: Conceptualization and Future Research Direction." Korean Academy of Management 30, no. 3 (August 31, 2022): 107–34. http://dx.doi.org/10.26856/kjom.2022.30.3.107.
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Since the foundation of Y Combinator in 2005 and Techstars in 2007, startup accelerators have rapidly emerged as a new form of organization in the startup ecosystem. In Korea, Primer was founded in 2010 as the first startup accelerator and was then followed by other early accelerators. The recent government certification of accelerators has since triggered the rapid spread of accelerators.
However, despite this rapid diffusion of accelerators, there is a paucity of research. This paper seeks to offer a conceptual model as to how accelerators add value. It also provides suggestions for accelerator design, public policy and future research. Accelerators can mitigate institutional voids that hinder the creation and success of startups. They also assist startups to gaining access to human, social, and financial capital by offering education programs, mentoring service, networking opportunities, and demo days. In addition, mentoring helps startups to test key assumptions and receive feedback on their ideas and business models. In doing so, startups can evaluate their ideas and business models more objectively and from diverse perspectives, mitigating problems stemming from the overconfidence and inexperience of entrepreneurs. After a brief review of the history of accelerators, the paper delineates the sources of high failure rates of startups, explaining how accelerators add value by mitigating the difficulties associated with startups and how the characteristics of entrepreneurs, startups and ecosystems affect the value-added roles of accelerators. The paper concludes by offering implications for theory, practice, and public policy and by providing future research suggestions.
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Mikle, Lenka. "Startups and reasons for their failure." SHS Web of Conferences 83 (2020): 01046. http://dx.doi.org/10.1051/shsconf/20208301046.
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The world is one big agreement. When we are going to school, when we are going to work or shopping. We can meet some type of agreement totally everywhere. In shop, we cannot take a thing without remittance. In school, we cannot take the best grades without knowledge and in work, we cannot take a financial reward without any added services. Business environment is very complicated, especially in these days. All trade activities are affected by a lot of factors, which are unpredictable. For customer is the most important right solution for their needs and for company is the most important find to way how to satisfy customer’s need. The main purpose of this article is offering a view on small, beginning enterprise trying to provide customers something special through innovative product or used revolutionary technologies – the startup. On the other hand, as we know, minimum amount of startups can survive the first four years. Why is it so?
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NIGBOR-DROŻDŻ, Angelika, and Wiesław ŁUKASIŃSKI. "CHALLENGES DETERMINING THE SUCCESS AND FAILURE OF A STARTUP IN THE OPINION OF REPRESENTATIVES OF GENERATION Z IN POLAND." Humanities and Social Sciences quarterly 30, no. 2 (June 30, 2023): 75–90. http://dx.doi.org/10.7862/rz.2023.hss.16.
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The aim of this article is to identify the challenges faced by startups and determine their impact on the possibility of success or failure. It achieves its goal by reviewing the literature on the subject, conducting a survey, and employing statistical methods. The paper presents research conducted among Generation Z. From the results, it can be concluded that key factors in the success of a startup include the ability to take risks, obtain financing for development, gain a competitive advantage, find a scalable and repeatable business model, and implement effective marketing and promotion activities. According to the respondents, the biggest factor in the failure of a startup is lack of knowledge about the market and customer needs, as well as legal, accounting, and tax issues.
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Lukason, Oliver, and Kaspar Käsper. "Failure prediction of government funded start-up firms." Investment Management and Financial Innovations 14, no. 2 (August 7, 2017): 296–306. http://dx.doi.org/10.21511/imfi.14(2-2).2017.01.
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This study aims to create a prediction model that would forecast the bankruptcy of government funded start-up firms (GFSUs). Also, the financial development patterns of GFSUs are outlined. The dataset consists of 417 Estonian GFSUs, of which 75 have bankrupted before becoming five years old and 312 have survived for five years. Six financial ratios have been calculated for one (t+1) and two (t+2) years after firms have become active. Weighted logistic regression analysis is applied to create the bankruptcy prediction models and consecutive factor and cluster analyses are applied to outline the financial patterns. Bankruptcy prediction models obtain average classification accuracies, namely 63.8% for t+1 and 67.8% for t+2. The bankrupt firms are distinguished with a higher accuracy than the survived firms, with liquidity and equity ratios being the useful predictors of bankruptcy. Five financial patterns are detected for GFSUs, but bankrupt GFSUs do not follow any distinct patterns that would be characteristic only to them.
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Abu Bakar, Abdul Rahim, Syed Zamberi Ahmad, Norman S. Wright, and Hazbo Skoko. "The propensity to business startup." Journal of Entrepreneurship in Emerging Economies 9, no. 3 (September 4, 2017): 263–85. http://dx.doi.org/10.1108/jeee-11-2016-0049.
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Purpose The purpose of this study is to assess the determining factors of entrepreneurial business startup in Saudi Arabia from an eclectic perspective. Design/methodology/approach Based on Global Entrepreneurship Monitor data of 2000 Saudi Arabian respondents, the study analyzes a multitude of individual factors which are classified into four groups: financial resources; social legitimacy; entrepreneurial personality; and entrepreneurial competencies. Gender and education are moderating variables influencing the relationship, whereas age is a control variable using binary logistic regression technique. Findings Out of ten hypotheses, only four hypotheses, namely, income, fear of failure, perception of high status and knowledge of other entrepreneurs, have a significant relationship with the possibility of a business startup. Originality/value Implications of these findings and directions for future research are discussed.