Scaling the Innovativeness of Start-ups in India

Author(s):  
Ajitabh Dash

The primary objective of this study is to develop and validate a multi-dimensional scale for measuring the innovativeness of start-up firms in India. Start-ups, by virtue of their lean structure, are in a position to innovate quickly; and they iterate fast enough to get desired outputs in their innovation to market journey. Wang and Ahmed (2004, European Journal of Innovation Management, 7, 4, 303–313) developed and validated their construct by drawing their sample from within the UK (England, Wales and Scotland). This study investigates whether the construct retains its structural consistency in the context of start-up firms operating in India. Primary data was collected through a predesigned self-administered questionnaire from a random sample of 220 respondents working at the senior executive level in start-up firms in India. The period of study was three months from January to March 2018. SPSS (Statistical Package for Social Sciences) version 20.0 and AMOS (Analysis of Moment Structure) version 20 were used to compute and analyse the data. The most significant contribution of the present study is a construct for measuring innovativeness based on statistically significant evidences which can be meaningfully used to compare innovation across start-ups in different industries and regions.

2008 ◽  
Vol 15 (2) ◽  
pp. 405-418 ◽  
Author(s):  
Mário Raposo ◽  
Arminda do Paço ◽  
João Ferreira

PurposeThis paper aims to identify the profile of the potential entrepreneur student in what concerns the personal attributes and motivations for start‐ups' creation.Design/methodology/approachA review of literature related to the entrepreneur profile is made in order to justify the importance of the theme. Through some studies it was possible to identify a diversity of works and authors that present some aspects which contribute to the characterisation of entrepreneur individuals. The present research uses primary data obtained by means of a questionnaire, involving a sample of students, which were currently engaged in a graduation course at the University of Beira Interior. The questionnaire was administrated by interviews conducted in the classrooms of the University's faculties. The collected data were submitted to a multivariate statistical analysis.FindingsResearch findings include the existence of a typology of two distinct groups of students, respectively designated by “The accommodated independents” and “The confidents”, according to the most outstanding characteristics related with several attributes and motivations presented by each of them.Practical implicationsThe identification of the entrepreneurs' characteristics and the knowledge of the potential business creator students' profile may be important for the development of an adequate educational programme directed to the entrepreneurship education and start‐up processes.Originality/valueThe paper identifies some important characteristics that are common in entrepreneurs. The findings could be used both to promote entrepreneurship in our education systems and to identify the best practices.


Author(s):  
Kassandra A. Papadopoulou ◽  
Robert A. Phillips

The Masters of Enterprise Programme is a postgraduate programme whereby a student attempts to start a business during the course of their studies. Established in 2001, we have analysed the success of the 59 companies created from the course and found that as expected the start-up rate is higher than the general population. We also found that ratio of male to female founders (70-30) was similar to start-ups from the general population; however, the survival rate of ventures created from the programme was significantly higher. Also, a higher rate of the businesses were employing more than just the founder, implying they are what could be considered “Entrepreneurial” businesses rather than simply someone self- employed as might be normal in some careers. Despite many overseas students completing the course, only 3 of the businesses were founded outside the UK, suggesting the UK economy is benefitting from the ventures created. We also discuss other outcomes from the course such as these entrepreneurial students are often recruited by top corporates. We further discuss what we believe are the contributing pedagogic factors to its success.   Keywords: Entrepreneurship and Enterprise Education, Employability, Start-ups, UK economy.


Author(s):  
Avner Barnea

Start-up companies are the fastest growing business in Israel. However, half of them do not last through their fourth year. This paper looks into the issue of the power of Israeli start-ups to survive and to become successful companies. The challenge is to seek new directions, which will help this sector to change this disappointing course. The start-up sector has a significant contribution to the strength of the Israeli economy which leans on its intellectual resources. Based on my continuing consulting in implementing competitive intelligence to local Israeli start-ups and further research that I have done by following closely the added value of developing capabilities, which enable better understanding of the external environment, I have found that one of the main causes of the high percentage of failures of Israeli start-ups is the difficulties in comprehending the competitive landscape, which has a significant contribution to making them less competitive. By using a new model, the competitive review model, which considers the special attributes of start-ups, especially in cyber security, this kind of small company can be better prepared for intense competition. This is in addition to the Lean start-up model, which is not executed in this segment in Israel and faces serious resistance based mainly on opposition to unfamiliar input. Based on combining the new competitive review model with existing analytical models, a few local start-ups' executives have already matured by awareness about the value of sensing the external environment, which have the potential to change the course of at least some of the Israeli start-ups and increase the success rate for this sector. 


2019 ◽  
Vol 7 (2) ◽  
pp. 111
Author(s):  
Muhamad Nafik Hadi Ryandono

Money waqaf in Indonesia has a huge potential. Despite the fact, this huge potential has not been organized and utilized optimally by the waqaf management agency. Another problem faced in waqaf money is the difficulties in integrate the system of funding, financing, mauquf alaih, and distribute the beneficiaries. In the present era, waqaf in Indonesia has not been digitalized and has not used the Financial Technology (FinTech) system, so it is less economically and inefficient. The expected benefits of the research are waqaf can be a solution to the capital problems that have been faced by start-up companies which mostly un-bankable. In other side, it hopefully can encourage Nadzir to be involved in growing and developing entrepreneurship for youth starting with establishing a start-up company. This research approach is qualitative descriptive. The data is primary data with data collection techniques namely focus group discussions and interviews. The objects of the research are 30 youth start-ups in Surabaya. The result of study is that money waqf can be an alternative solution of capital problems for youth start-up companies who are un-bankable. The Sharia Financial Technology (SFT) system is a system that capable of integrating nadzir with Islamic Financial Institutions Accep Cash Waqf (IFIACW), funding, financing, mauquf alaih, start-up investors, Islamic Financing Guarantee Institution (IFGI) and Islamic Banks.


Author(s):  
Anne Wiggins

This chapter not only presents an overview of the theoretical awareness and understanding of innovation, but also identifies and discusses existing EU innovation policy initiatives for SMEs, deliberating on the impact such policy initiatives have on their specific considerations. This chapter examines the strategic implications of the adoption and implementation of e-commerce by two successful start-up SMEs in the UK presented against a backdrop of relevant EU policy initiatives. SMEs, and start-ups particularly, find themselves having to operate without role models and tested business plans within an increasingly complex and competitive environment.


2020 ◽  
Vol 27 (7) ◽  
pp. 1167-1185
Author(s):  
Bala Subrahmanya Mungila Hillemane

PurposeBangalore has gained international recognition as a technology start-up hub for its vibrant entrepreneurial ecosystem. Against this backdrop, this paper attempts to explore the structure and gap that exist with respect to the entrepreneurial ecosystem for tech start-ups in Bangalore.Design/methodology/approachA Delphi technique based four stage interaction with the experts/stakeholders belonging to different components of the entrepreneurial ecosystem (as identified from the literature) in the context of Bangalore is conducted, to gather primary data. This enabled us to define the structure of entrepreneurial ecosystem and analyse the gap that exists between an ideal ecosystem feasible in the Indian context and that one that prevailed in Bangalore.FindingsThe prevailing entrepreneurial ecosystem for tech start-ups in Bangalore is significantly different (lower) relative to an ideal ecosystem feasible in the Indian economic environment, as prescribed by the Delphi experts, both at the aggregate level and at an individual component level. The step-wise (backward) logistic regression analysis revealed that Bangalore ecosystem is primarily lacking in terms of one of the Triple Helices, namely, role of education and research institutions, and two of the five indispensable components, namely, market maturity and mentorship.Research limitations/implicationsIt is essential to strengthen and promote the Triple Helix base and the five indispensable components in an entrepreneurial ecosystem, to accelerate the emergence and growth of tech start-ups.Practical implicationsIt brings out the nature of entrepreneurial ecosystem structure and the gap between what can be considered an ideal ecosystem and what prevails in Bangalore currently.Originality/valueThis is a primary data based study, which has value for regional policy makers in strategizing to promote Bangalore ecosystem, and for researchers in undertaking “ecosystem gap analysis”.


2020 ◽  
Vol 7 (2) ◽  
pp. 1
Author(s):  
Abdulaziz Abdulmohsen Al Falih

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.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Anna Visvizi ◽  
Orlando Troisi ◽  
Mara Grimaldi ◽  
Francesca Loia

PurposeThe study queries the drivers of innovation management in contemporary data-driven organizations/companies. It is argued that data-driven organizations that integrate a strategic orientation grounded in data, human abilities and proactive management are more effective in triggering innovation.Design/methodology/approachResearch reported in this paper employs constructivist grounded theory, Gioia methodology, and the abductive approach. The data collected through semi-structured interviews administered to 20 Italian start-up founders are then examined.FindingsThe paper identifies the key enablers of innovation development in data-driven companies and reveals that data-driven companies may generate different innovation patterns depending on the kind of capabilities activated.Originality/valueThe study provides evidence of how the combination of data-driven culture, skills' enhancement and the promotion of human resources may boost the emergence of innovation.


2021 ◽  
Vol 18 ◽  
pp. 1103-1112
Author(s):  
Christopher Allen Pramono ◽  
Adler Haymans Manurung ◽  
Pantri Heriyati ◽  
Wibowo Kosasih

The purpose of this study is to analyze the influence of Entrepreneurship Capability, Agility, Business Transformation, Opportunity on Start-Up Behavior in E-Commerce Companies in Indonesia During the Covid 19 Pandemic. The quantitative method used in this study was applied to start-up companies in Greater Jakarta with a population of 522 start-ups. The sampling method in this study used a purposive sampling technique. Questionnaires were distributed using google form as many as 522 questionnaires, 200 questionnaires were returned. From the returned questionnaires, after sorting the completeness and fulfilling the requirements for testing, 187 questionnaires were obtained consisting of the founders. Primary data were collected through a questionnaire and then analyzed using statistical analysis methods using Partial Least Square SmartPLS version 3 program. The partial least square analysis results show that each of the factors: agility, entrepreneurship capability, business transformation and opportunity have a significant effect in increasing start-up behavior in Jabodetabek. This finding explains that in building a start-up, the founder must possess the agility entrepreneurship capability factor while still following business transformation and opportunities in developing the business. This study also found that the opportunity factor is the most dominant factor in increasing the start-up behavior of founders.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ameesh Ajantha Samalopanan ◽  
Vijayalakshmi Balasubramaniam

PurposeThough extant literature has mapped various stages of start-up enterprise growth, there is limited research on the phases that an entrepreneur traverses before the enterprise is started and established as a venture. The paper attempts to understand the lived experiences of young Indians as they negotiate the entrepreneurial path.Design/methodology/approachQualitative method, where primary data were collected using in-depth interviews of 15 start-up entrepreneurs. These narratives were compared with Bansal's descriptions of entrepreneurs in her book “Connect the dots”. The interview transcripts and the detailed descriptions were analysed for emergent themes.FindingsResults indicated that there are five distinct stages in the development of a start-up entrepreneur; namely – pre-entrepreneurial stage, inflexion point, cocoon period, initial stage, crisis stage and, depending upon the success factors and support received during crisis stage, either a success stage or failure stage.Originality/valueThis is a narrative-based, qualitative approach to understand the lived experiences of young start-up entrepreneurs in India and an attempt to map developmental phases. The fact that India is a fast-growing market for start-ups and the higher rate of failure of start-ups in India makes the study relevant.


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