Academic literature on the topic 'Success factors-Technology-based entrepreneurship'

This research paper aims to propose and empirically test a theoretical model, positing relationships among entrepreneur, technology and resources. The applied methodology was completing a questionnaire survey by a random sample of undergraduate management and engineering students across five Romanian faculties. The results were based on structural equation modeling analysis. Results provide strong support for the proposition that the success of a good business idea strongly depends on some factors, including the capabilities of an entrepreneur, on the technology used to implement the idea and on the necessary resources. The paper demonstrates that the success of an idea in technological entrepreneurship, based on the potential young entrepreneurs point of view is influenced by the characteristics of the young entrepreneur, by his capabilities and his knowledge. The success is also influenced in some proportions by the innovation of technology, its development and globalization. The third category of the success factors is resources, which includes temporal resources, material resources, financial resources and informational resources. The conclusion of this research is that the most important factor for a successful business idea is the entrepreneur.

PurposeTechnological entrepreneurship has been a very significant topic in recent decades. It has a crucial role in economic modernization and growth. The need for technological entrepreneurship is because technology-based industries are expanding rapidly and are replacing traditional industries. Therefore, this study aimed at identifying the factors affecting the success of technological entrepreneurship in Iranian nanotechnology businesses.Design/methodology/approachThe research was conducted through mixed method. The participants in the qualitative section included 17 university experts and executive managers in the field of nanotechnology in Iran, and 75 nanotechnology business managers participated in the quantitative section. The interview and questionnaire were used to collect information. In order to measure and fit the models, the confirmatory factor analysis method and PLS3 software were used.FindingsThe results indicated that the key factors affecting the success of the technological entrepreneurship process in nanotechnology were classified into five general categories: organizational, environmental, institutional, individual and technology factors. Moreover, it was shown that all these dimensions had a positive and significant effect on technological entrepreneurship. In addition, the organizational dimension has an essential role.Originality/valueCompanies' ability to engage technological entrepreneurship is a vital factor in human resource management and strategic management. However, technological entrepreneurship in Iranian nanotechnology businesses has not been involved integrally in the context of companies.

There has been increased research interest in senior entrepreneurs and their potential contribution to the global economy. Nevertheless, the extant literature on senior entrepreneurship is often limited to considering some individual factors of entrepreneurship behavior without considering other factors linked to seniors’ environment. In this paper, we aim to understand the factors enhancing seniors to start a new business in Europe; factors linked to seniors’ environment — such as internet and information and communication technologies (ICT) diffusion, the level of status and respect of successful entrepreneurs, relaying information about successful new businesses in the media — and individual factors — such as gender, education, job position, income, skills —. The analysis is based on two main sources of data — the Global Entrepreneurship Monitor (GEM) and Eurostat — using a non-balanced panel dataset corresponding to a sample of 11 European countries covering 2006–2013. Findings of this study indicate that both individual and environmental factors contribute to seniors’ entrepreneurial behavior. Technology diffusion, personal skills, acquaintances’ entrepreneurial experiences, media relaying information about successful new businesses, and the senior employment rate are important factors of seniors’ starting new businesses. The findings provide valuable insights for policy makers to promote seniors’ entrepreneurship and provide better support for seniors to pursue entrepreneurial success.

Objectives: Technology-based entrepreneurship is required in the globalization age. To accomplish this achievement, researchers must understand what factors might impact it. The purpose of this research is to identify what factors can drive the success of digital entrepreneurs (technopreneurs) in West Java. Methodology: This study use explanatory statistics, with Structural Equation Model analysis technique through SMART PLS 2.0. Sampling technique chosen was accidental sampling with 400 respondents. Finding: Partially and simultaneously, all factors have a positive and significant effect on business success. Therefore they have identified the following factor variables: entrepreneurial behavior, skills, educational background, and service quality. Conclusion: Technopreneurs in West Java are encouraged to continue to improve all factor variables as a capital for success. Considering that this research is only conducted on digital entrepreneurs in West Java, other researchers who want to conduct research with similar variables are advised to choose different objects with a wider scope for comparison.

Entrepreneurial technology-based new venture constitutes a dominant proportion of incubated firms. Often, such firms are established by engineering graduates. This paper investigates a methodology for assessing the potential for success of new ventures set up at an early stage by engineering students via an evaluation of the entrepreneurial personalities of engineering students. The survey of 215 students of Manufacturing Engineering indicates particular traits have a strong predictive impact on the proclivity towards the different 'idea factors on innovation' suggested by Goldenberg et al. [1999]. In particular, 'risk-taking propensity' and 'need to achieve' are two critical characteristics that significantly influence the selection of 'success-intended' idea factors whereas 'external locus of control' influences the selection of 'failure-intended' idea factors. The findings have important implications for researchers, business incubators, and policy makers inside and outside universities. Based on the extensive literature and successful result in demonstrating entrepreneurial characteristics as predictors of sustainable competitive advantage of future entrepreneurs by identifying types of idea factor adopter, the results of this study can be used either as a self-evaluation (self-screening) before starting a new venture that has a higher success probability. Specifically, the results indicate that the classification of idea factor adopters, in terms of entrepreneurial behavior, the incubator may be better able to identify the go or no-go decision for applicants. For instance, incubators could try to base their selection process for business incubation programme partly on information provided by applicants about personality traits and preferences regarding entrepreneurship.

Purpose – The purpose of this paper is to shed light on the entrepreneurial university and to develop a theoretical framework relating entrepreneurship education in the third generation of universities. Therefore, the future research could be carried out to identify and apply the presented model. Design/methodology/approach – In terms of objective, this study is considered as an empirical one, and the research methodology is descriptive-correlative type. Sample population consists of 130 knowledge-based firms in the science and technology parks. In total, 100 knowledge-based firms were selected by using a stratified random sampling. The analysis of data obtained from the questionnaires and both descriptive and inferential parts was done through the application of SPSS, structural equation modeling technique and Smart PLS 3 software. Findings – The results suggested the positive and significant effect of the organizational, individual, institutional, and environmental factors on entrepreneurial university in the science and technology parks. Practical implications – The application of the research model provides an avenue for the practitioners to design accelerates and creative science and technology parks focussing on the commercialization education, entrepreneurial intuition and marketing to students and innovators. Social implications – The theoretical framework of the current study offers a different way forward for policy makers in thinking about those factors that may be critical for success of entrepreneurship education. Policy makers, in general can provide infrastructures to launch third generation of universities, entrepreneurial university, for young generation to increase effectiveness of academic education and to provide the prospect of a more business opportunity recognition. Originality/value – This research contributes to the existing literature in the field of entrepreneurship education. So far, a comprehensive model has been substantially neglected with respect to the entrepreneurial university in the science and technology parks. This new framework can be used to inform thinking and research design in the area of entrepreneurship education to promote entrepreneurial university thought.

The idea of infusing entrepreneurship into education has incited much enthusiasm in the last few decades. A myriad of effects have been stated to result from this, including economic growth, job creation, and increased societal resilience, as well as personal growth, increased school involvement, and improved equality. However, in addition to the purported favorable consequences, putting this theory into practice has presented major challenges. The study aims to improve the success rate of college students' entrepreneurship and strengthen their entrepreneurship education. First, two aspects of the current state of political and ideological education are examined: ideological education and entrepreneurship education, and ideological education and big data technology. Next, ideological education, entrepreneurship education, and big data are integrated to implement an impact index evaluation model of college students' entrepreneurship education from the perspective of the Internet under big data. Finally, based on the implemented model, seven influencing indicators of entrepreneurship education curriculum, practical education, educational equipment, educational awareness, basic ability, social ability, and data usability are obtained. Through detailed analysis experiments, it is found that three factors have the greatest impact on college students' entrepreneurship education, including basic ability, data usability, and psychological pressure resistance in the face of difficulties. The results show that the cultivation of basic entrepreneurial ability and the development of psychological quality should be enhanced in college students' entrepreneurship education, providing a definite reference base for college students' entrepreneurship education.

Abstract SME has a significant impact on the growth and development of any nation economy. The entrepreneurship in Oman expected to be a leading factor in the economic due to the opportunities afforded by increasing economic diversification and corresponding rise in job opportunities and other benefits. However, entrepreneurship has faced many challenges and obstacles to its progress and growth in Oman, despite the fact that the government has supported this sector to stimulate the market. However, studies show that many challenges are still plague both startups and governments. This study therefore aims to develop an ecosystem for entrepreneurship in the Omani context as a new solution to overcome such challenges. Entrepreneurship ecosystem has a positive influence on business growth and on the creation of new businesses, with the result that this concept has received attention from both academics and policy makers. By using a qualitative research method, a total of 10 interviewees were selected to answer the major research questions and thus provide more explanation about the issues that SME faces and find the exact factors that can influence these types of enterprises. Based on the findings from qualitative research through discussions with entrepreneurs, we can conclude that there are five factors: human capital; government; support; finance and technology, all of which have a significant impact on Omani entrepreneurship success and start-ups. These results contribute to the current literature regarding entrepreneurship ecosystems. They also give greater attention to the policy makers in Oman who facilitate the implementation of this framework as well as motivating the different business owners or start-ups to develop their business strategies based on the requirements shown in the framework. In addition, a number of suggestions have been presented as focus points when developing a strategic plan to support the entrepreneurship sector.

The most important social innovation to help the poor in recent years has been the success of the thrift and credit based self help groups (SHG), especially those formed by women. These groups assisted by NGOs have successfully developed a system of revolving credit for the benefit of group members based on their own savings. SHGs have successfully maintained in high rate if loan repayments and successfully generated additional income, jobs, and small enterprises for their members. The first national conference of women entrepreneurs held at New Delhi in November 1981 advocated the need for developing women entrepreneurs for the overall development of the country. It called for priority to women in allotment of Land. Sanction of power, Licensing etc… the second international conference of women entrepreneurs organized by the National Alliance of young entrepreneurs (NAYE) held in 1989 at New Delhi. Entrepreneurship development among women can be considered a possible approach to economic empowerment of women. Human resources and technology are the two important factors of growth in new economic order. To activate these two factors like livelihoods and require rural entrepreneurship development in a big way in an economy. Women’s entrepreneurship has become an important aspect of the changed Indian economic. The participation of women in different innovative business undertakings has empowered them in the social, economic and cultural arena specifically, economists, social workers and social scientists have studied rural women and entrepreneurship in India at various levels

Entrepreneurs and small and medium enterprises are the foundation of the Malaysian furniture industry. Yet, in a multi-ethnic society such as Malaysia, the success factors of entrepreneurs and small and medium enterprises (SMEs) in the furniture industry have not been studied. Therefore, this study evaluated the success factors of entrepreneurs of the Malay and Chinese ethnic groups in the furniture industry and discerned the growth trajectory of young entrepreneurs from wood science and technology programs in the furniture industry. A questionnaire-based survey was used with the assistance of relevant trade associations and universities. The results were statistically analyzed to establish the significant differences between the two ethnic groups in their perceived success factors. The results revealed that Malay entrepreneurs pay more attention to political and socio-cultural factors to gain success, whereas Chinese entrepreneurs focus on enhancing their competitiveness to remain viable. Further, young graduates showed a reduced desire to pursue a career in the furniture industry, as they deem it not environmentally sustainable in addition to limited career growth. These results suggested that current entrepreneurship development programs may need to be revised, so as to assist in producing more resilient and successful entrepreneurs in the future in the furniture industry.

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This thesis aims at analysing the influence of incubator’s marketing support and entrepreneurial orientation of the firms on the new product development process of incubated technologically-based firms. In order to analyse this process, a model of product development for technologically-based firms was developed from a base model, which was improved regarding the definition and measurement of some of its constructs and to which the influence of the two factors above were included. The developed model was operationalized by a structural equation model. The research methodology is a survey where pretested scales were applied to measure the constructs. The target population is technologically-based firms developed in technological incubators in Brazil, the response rate was 63%, respondents represent incubators in all regions of Brazil and 22 high-tech sectors. This research presents academic and managerial contributions. Among the academic contributions, it was found empirical evidence about the relationship between incubators’ marketing support and firms’ marketing synergy, however, this support does not change accordingly to the uncertainty of the business environment of the firms, which should happen because the entrepreneurs need more support to make decisions in a high uncertainty environment. Another contribution was the empirical evidence that the way entrepreneurs align their business according to the turbulence of environment contradicts to some previous studies, specifically in relation to the degree of product innovation and marketing synergy. In relation to the degree of product innovation, the results show that in a low uncertainty environment there is a higher correlation between entrepreneurial orientation and the degree of product innovation, according to previous studies this should happen in high uncertainty environment where the clients are not able to specify precisely product’s requirements, so there are more opportunities for the firms to develop innovative products. In relation to the marketing synergy, the results show that in a high uncertainty environment there is a higher correlation between entrepreneurial orientation and marketing synergy, according to previous studies this should happen in low uncertainty environment where the clients are able to define clearly product’s requirements, which are often incremental innovations. Among the managerial contributions, the research provides a comprehensive view of the number of technology-based firms per geographical region and per sector, which enables the identification of high-tech sectors where there are not so many firms, so such sectors can be good opportunities to develop new firms. Besides, the research allows entrepreneurs to assess their positioning in relation to other firms in the same sector about the product development time and sales growth rate. The research will also provide to incubator managers an assessment of their marketing support in relation to that of other incubators in Brazil.
Esta tese visa analisar a influência do suporte de marketing da incubadora e da orientação empreendedora das empresas no processo de desenvolvimento de novos produtos de empresas de base tecnológica incubadas. A fim de se analisar tal processo, elaborou-se um modelo de desenvolvimento de produtos de empresas de base tecnológica a partir de um modelo base, que foi melhorado quanto à definição e mensuração de alguns construtos e ao qual foram acrescentadas as influências dos dois fatores acima mencionados. O modelo elaborado foi operacionalizado por intermédio de um modelo de equações estruturais. A metodologia de pesquisa é um survey em que se utilizou de escalas pré-testadas a fim de se mensurar os construtos. A população-alvo é composta por empresas de base tecnológica desenvolvidas em incubadoras do tipo tecnológica situadas no Brasil, a taxa de resposta foi de 63% e os respondentes representam incubadoras em todas as regiões do Brasil e 22 setores de alta tecnologia. Esta pesquisa apresenta contribuições acadêmicas e gerenciais. Dentre as contribuições acadêmicas, encontrou-se evidências empíricas da relação entre o suporte de marketing da incubadora e a sinergia de marketing das empresas, no entanto, tal suporte não se altera em função da incerteza do ambiente de negócios da empresa, o que deveria ocorrer pois os empreendedores necessitam de maior suporte para tomar decisões em ambientes com alta incerteza. Outra contribuição acadêmica foi a evidência empírica de que a forma como os empreendedores orientam seu negócio em função da turbulência do ambiente contradiz alguns estudos anteriores, especificamente em relação ao grau de inovação do produto e a sinergia de marketing. A respeito do grau de inovação do produto, os resultados indicam que em um ambiente de baixa incerteza há uma maior correlação entre a orientação empreendedora e o grau de inovação do produto, segundo estudos anteriores tal fato deveria ocorrer em ambiente de alta incerteza em que os clientes não conseguem especificar precisamente os requisitos do produto, assim, haveria maior oportunidade para as empresas desenvolverem produtos inovadores. A respeito da sinergia de marketing, os resultados indicam que em um ambiente de alta incerteza há uma maior correlação entre a orientação empreendedora e a sinergia de marketing, segundo estudos anteriores tal fato deveria ocorrer em ambiente de baixa incerteza em que os clientes conseguem definir claramente os requisitos de produto, que em geral são inovações incrementais. Dentre as contribuições gerenciais, a pesquisa fornece um panorama do número de empresas de base tecnológica por estado e por setor, o que favorece a identificação de setores de alta tecnologia onde não existem muitas empresas, e portanto, tais setores podem se constituir em boas oportunidades para desenvolver novas empresas. Além disso, a pesquisa possibilita aos empreendedores avaliar seu posicionamento em relação a outras empresas do mesmo setor em função do tempo de desenvolvimento de produtos e da taxa de crescimento de vendas. A pesquisa também fornecerá aos gerentes de incubadoras uma avaliação do seu suporte de marketing em relação ao de outras incubadoras no Brasil.

Combined with leadership, transformational entrepreneurship led to higher levels of creativity. In this business-related process, knowledge-based strategies have a vital role to play, as they enhance productivity, efficiency, and EBITDA. The objective of this chapter is to analyze which success factors grounded in knowledge-based strategies determine organizational development. To cope with this goal, the author examines how the Tecnológico de Monterrey (Mexico) achieves this objective through a complex entrepreneurial ecosystem described in the chapter. The main finding is that the creation of business incubators and accelerators in higher education institutions fosters transformational entrepreneurship, especially when are linked to technology parks.

This chapter is concerned with the study of success factors in small software firms. The decision to focus specifically on the software sector, as opposed to high technology firms or the generic small firm, is because the authors believe that there are elements in the operation of a software business that are unique to that domain and do not have equivalents in other industries. Interviews were carried out with six owner/managers of small to medium software firms. The interview data was interpreted using a qualitative analysis approach based on the principles of grounded theory. A number of factors emerged from this analysis, a few of which have parallels in the generic small firm literature (e.g. market positioning, export orientation, distribution channel), as well as a few others which appear to be specific to the software industry (e.g. remote accessibility, ability to demonstrate/trial at global reach with minimal expense, software reuse, etc.).

In the United States, many chronically depressed counties are adjacent to their state’s border. This article explores how some non-urban counties that are contiguous but located in different states have worked with their state governments to develop institutional mechanisms to overcome the artificial barrier to technology-based economic development that state borders create. The story the authors tell can apply both to other countries that are also divided into states and to smaller countries within a federated region (such as the member states of the EU). The authors argue that political boundaries that transect otherwise integrated economic regions often impede economic development coordination and cooperation, in general, and for technology access, workforce training, and business innovation in particular. The authors use case study evidence from several successful cross-border efforts in the United States and internationally to demonstrate the critical success factors required to overcome political boundaries and initiate technology-based development. These success factors include the creation of diverse funding sources, effective leadership by a coordinated team, and the development of formal legal entities to confront legal and infrastructure challenges.

Combined with leadership, transformational entrepreneurship led to higher levels of creativity. In this business-related process, knowledge-based strategies have a vital role to play, as they enhance productivity, efficiency, and EBITDA. The objective of this chapter is to analyze which success factors grounded in knowledge-based strategies determine organizational development. To cope with this goal, the author examines how the Tecnológico de Monterrey (Mexico) achieves this objective through a complex entrepreneurial ecosystem described in the chapter. The main finding is that the creation of business incubators and accelerators in higher education institutions fosters transformational entrepreneurship, especially when are linked to technology parks.

This chapter addresses two major challenges in academic entrepreneurship. First, rather than continuously questioning and improving the effectiveness and efficiency of their knowledge and technology transfer (KTT) program, universities often get stuck in their day-to-day business. Second, unlike businesses, most research organisations do not base their strategy and operational activities on their research customers’ demands, namely companies, and thus often miss to meet the needs of their market. Starting with a theoretical discussion on university structures and market orientation in KTT, this chapter presents the successful case of Münster University of Applied Sciences (MUAS) in Germany. Separating strategic, operational, and analytical-scientific activities, MUAS established a Science-to-Business Marketing Research Centre (S2BMRC) which conducts various activities to optimise relationships between academia and business based marketing principles. The chapter details the centre’s field of duties, benefits of having such a centre, and success factors in the formation and operation stage, thus giving insight for all those lacking a market-oriented KTT structure.

This chapter is based on a case study that highlights the digital entrepreneurship and innovation of an entrepreneurial venture and team aspiring to address cash flow management issues and pains faced by the micro, small, and medium-sized enterprises (MSMEs) in Malaysia. The entrepreneurial team pioneered the revolutionization of the barter trade concept by developing a digital solution and platform branded as Kongsi (initially named Qu Exchange). Kongsi is a solution using digital trade points which act as a medium of exchange in replace of cash. This solution can solve cash flow problems faced by MSMEs with the creation of a non-cash alternative financing platform, combining and integrating the concept of barter trade and a point-based system. In this case study, the authors examined two critical success factors for digital entrepreneurship and innovation. This case study exemplifies a venture and entrepreneurial team capable of assembling strategic resources to create and sustain competitive advantages to survive and grow in a highly competitive FinTech environment.

The purpose of the paper is to discuss the characteristics of the blockchain (hereinafter “BT”) industry and factors that affect the success of BT-based startup companies. Due to the novelty of BT technology, the current period of its development is associated with a high number of newly emerging firms that are predominant in the BT industry. The study seeks to address the two main research questions: What are the key characteristics of the BT industry? What are the factors that determine the success of BT-based companies? To answer these questions, the method of the systematic literature review was applied. The discussion of the reviewed 43 publications led to the classification of literature sources into six categories, including research streams on BT in the contexts of entrepreneurial finance, institutional theory, digital and social entrepreneurship, business models, and international business. The results suggested that the early success of the BT-based startups’ entry and growth related to the supportive entrepreneurial environments, a greater degree of regulatory clarity, the formation of strategic associations, entrepreneur’s active engagement in sharing expertise and shaping the regulations and standards, a profound business model, and experienced management. It is recommended that policymakers should support the creation of new ventures and the transfer of knowledge about BT. Managers of established companies should cooperate with startups to adopt BT applications into their business models. Future research should be based on empirical research studies, namely cluster analysis, to identify the determinants of success/failure of BT-enabled startup firms. This paper contributes to BT research and the literature on the emergence of new industrial fields and ventures.