scholarly journals INNOVATIONS AND BUSINESS ACTIVITIES OF SLOVAK START-UP ENTERPRISES

2020 ◽  
Author(s):  
Ladislav Mura ◽  
Keyword(s):  
Driving Force ◽  
New Technologies ◽  
Business Environment ◽  
Added Value ◽  
Entrepreneurial Activity ◽  
Research Results ◽  
Start Up ◽  
Innovative Products ◽  
Start Ups ◽  
Integrate Research

An essential part of the corporate sector is formed by small and highly innovative enterprises, the start-ups. They introduce highly innovative activities, new solutions, integrate research results into their activities, as well as apply new technologies in their everyday practice. Start-ups are increasingly popular in different sectors of the national economy since they are a vital part of the entrepreneurial environment. The entrepreneurial activity of start-ups focuses on highly innovative products or services with high added value for the target customer. The main goal of the current paper is to target the innovative activity of Slovak start-ups. The paper presents partial results of the research conducted by targeting Slovak start-ups. The research results conclude that innovative start-ups are the driving force of the entrepreneurial sector. The innovative activities of these businesses rank them among the highly competitive and successful players on the market, even in a challenging business environment.

scholarly journals VALORIZATION OF RESEARCH AND SCIENTIFIC INNOVATION RESULTS AS FACTOR OF SUSTAINABLE DEVELOPMENT OF AFRICAN AGRICULTURE: THE EXAMPLE OF BURKINA FASO

Afrika Focus ◽  
2019 ◽  
Vol 32 (2) ◽  
Author(s):  
Abdoulazize Banhoro ◽  
Rasmata Nana ◽  
Mahamadi Hamed Ouedraogo ◽  
Mahamadou Sawadogo
Keyword(s):  
Burkina Faso ◽  
Agricultural Development ◽  
New Technologies ◽  
International Markets ◽  
Management Plan ◽  
Research Results ◽  
Start Up ◽  
Scientific Innovation ◽  
African Agriculture ◽  
Start Ups

During the 1980s, many development partners in Africa were preoccupied by the application of research results to agricultural development. In Burkina Faso, this awareness led to set structures and mechanisms for the promotion of research results. From the synthesis of critical analyses ofthe valorization system, it appears that the valorization concept is polysemous. In addition, therehas been strong evolution in the mechanisms for promoting research results, development has also been hampered by certain shortcomings. Thus we propose, as a main track for a successful valorization policy, the creation of start-ups constituted of young professionals who possess skills that are specific and complementary. Young university-educated professionals are equipped to understand the new technologies of production and agricultural transformation. With an effective management plan the start-ups they represent could foster an effective application of research results, to improve food security and enhance the competitiveness of Burkina’s agricultural products on international markets. KEY WORDS: VALORIZATION, POLYSEMOUS, START-UP, AGRICULTURE

Innovative start-ups: challenges and development opportunities in Latvia

2018 ◽  
Vol 10 (2) ◽  
pp. 261-273 ◽  
Author(s):  
Veronika Bikse ◽  
Inese Lusena – Ezera ◽  
Baiba Rivza
Keyword(s):  
High School ◽  
High School Students ◽  
New Technologies ◽  
Global Market ◽  
Added Value ◽  
School Students ◽  
Online Questionnaire ◽  
Content Type ◽  
Start Up ◽  
Start Ups

Purpose The purpose of this study is to identify the problems and possibilities for development of innovative start-ups in Latvia. Design/methodology/approach To achieve the aim of this study, a survey of Latvia’s high school students in 2015 (n = 5,910) was undertaken by an online questionnaire within a financial skill built-up contest “New Financial Expert 2016” held by the Financial Institute of Swedbank (Swedbank survey, 2016). Further, Latvia University of Agriculture master students (n = 97) were interviewed in the year 2016 to identify master students opinion about necessary support for entrepreneurship, future services or goods with potentially high added value and find out their readiness for innovative action. Findings A comparative analysis of data of the master student interviews and the survey of Latvia’s high school students showed that most of the youth associated their entrepreneurship prospects with innovative ideas, new technologies and new skills. The results of the research indicated that the foundation of start-up enterprises in Latvia led to positive results and gave an impulse to increasing economic activities as there were the necessary preconditions for their development. Originality/value The studies are mostly dedicated to start-ups that are less likely to innovate and have linked the concept of the start-up with business incubation. Unlike other studies, this is a specific research that provides insights into the situation in Latvia and is directed toward building innovative start-up enterprises that should be linked with the growth-oriented new technology, globalization and global market with a focus on innovation. Thus, research findings contribute to extant research on the possibilities of development of innovative start-up enterprises in Latvia and advance the present understanding of the main problems in the creation of new innovative start-ups.

scholarly journals Business ideas in start-ups

2020 ◽  
Vol 83 ◽  
pp. 01063
Author(s):  
Štefan Slávik
Keyword(s):  
Information And Communication Technologies ◽  
New Technologies ◽  
Legal Protection ◽  
Communication Technologies ◽  
Point Of View ◽  
The Internet ◽  
Development Cycle ◽  
Start Up ◽  
Information And Communication ◽  
Start Ups

Start-up is a modern entrepreneurship form designed to realize original business ideas, mostly based on new technologies and the Internet. It evolves in the development cycle, which is determined by the business idea development cycle and the financing cycle. The purpose of the paper is to describe and analyse the business idea. The business idea is characterized by its content, circumstances of its origin, degree of originality and evidence of this originality. Start-ups are dominated by business ideas based on the application of information and communication technologies, the business idea is most often created by combining professional and business experience, but its originality is from the international point of view only average and the level of legal protection is quite rare.

The perceptions of Australian senior entrepreneurs on the drivers of their entrepreneurial activity

2018 ◽  
Vol 24 (1) ◽  
pp. 81-103 ◽  
Author(s):  
Aron Perenyi ◽  
Roxanne Zolin ◽  
Alex Maritz
Keyword(s):  
Mixed Methods ◽  
Mixed Methods Study ◽  
Policy Implications ◽  
Policy Support ◽  
Entrepreneurial Activity ◽  
Career Stage ◽  
Content Type ◽  
Self Employment ◽  
Start Up ◽  
Start Ups

Purpose Why is self-employment an attractive option for certain seniors and what drives seniors into business start-ups? In this study, the motivations and preferences of senior entrepreneurs in Australia, to become self-employed, by means of business start-ups, are explored. The purpose of this paper is to provide empirical basis for policy implications. Design/methodology/approach A mixed methods study is conducted. Members of the National Senior’s Association in Australia were interviewed and surveyed. The semi-structured interviews identified the key factors influencing senior entrepreneurs in relation to self-employment and entrepreneurial choices at a later career stage. The survey collected information on intentionality, motivation, skills, opportunities, success, satisfaction, participation, barriers, benefits, education and training, and perceptions of policy support for senior entrepreneurs. Findings Respondents gave an account of the prevalence of pull factors motivating their choice of an entrepreneurial career. Multivariate statistical analysis of survey responses showed that senior entrepreneurs are more driven by opportunity than necessity and are primarily internally motivated. Research limitations/implications Results of this study suggest a weak link between motivation by others and the act of start-up, but this may also imply that those seniors who are more likely to become entrepreneurs are more likely to ignore the impulses from their social context. This requires further investigation to ensure a robust identification of drivers and an elimination of contextual effects. Further research is suggested to compose a relevant model structure in different contexts and a representative sample to confirm the model outcomes. Originality/value This is the first mixed methods study of the antecedents of senior entrepreneurs’ start-up intentions in Australia. The study also uses entrepreneurial activity as opposed to intention as its dependent variable, which allows for a more accurate evaluation of antecedents to the senior entrepreneurship phenomenon.

Barriers to growth of SMEs in Western Balkan countries

2019 ◽  
Vol 38 (1) ◽  
pp. 2-24 ◽  
Author(s):  
Naqeeb Ur Rehman ◽  
Arjona Çela ◽  
Fatbardha Morina ◽  
Kriselda Sulçaj Gura
Keyword(s):  
Factor Analysis ◽  
Panel Data ◽  
New Technologies ◽  
Business Environment ◽  
Least Square ◽  
Policy Implications ◽  
Entrepreneurial Activity ◽  
Western Balkans ◽  
Cross Sectional ◽  
Content Type

PurposeWestern Balkans countries (WBCs) have a great potential for growth and among the main focuses of entrepreneurial activity is small- and medium-sized enterprises (SME) sector. Moreover, SMEs are believed to contribute in the economy by stimulating employment, increasing production, transferring new technologies and so forth. Due to this crucial importance the purpose of this paper is to analyze the barriers that hinder labor productivity (LP) of SMEs in WBCs.Design/methodology/approachThe research method employed to discover solution to this research problem is quantitative analysis by using survey data of World Bank. Research methodology applied in this paper found it correctly to use cross-sectional data and conducts a factor analysis and ordinary least square (OLS) regression as the best procedure for this type of data.FindingsThe results show variability for different countries access to finance, tax rates, tax administration, corruption, inadequately educated labor force, competition in informal sector and political instability appear to be some of the main obstacles that are negatively affecting LP of SMEs in WBC.Research limitations/implicationsAlthough this study is the first to analyze all the possible obstacles for the six WBCs using factor analysis better results could be obtained with larger samples and panel data.Practical implicationsThe policy implications of this study suggest that in order to boost productivity of these firms there must be a reduction of the barriers and improvement of business environment. Although, this study is the first to analyze all the possible obstacles for the six WBCs using factor analysis and contributes as insight to policy makers, better results could be obtained with larger samples using panel data.Originality/valueDifferently from previous studies this work uses explanatory factor analysis and method OLS to estimate regressions for all barriers in each country of Western Balkan region.

scholarly journals Factors of Economic Growth in Sub-Saharan Africa: Current Trends

2018 ◽  
Vol 11 (5) ◽  
pp. 38-54 ◽  
Author(s):  
G. V. Podbiralina ◽  
J. C. Asiagba
Keyword(s):  
Economic Growth ◽  
New Technologies ◽  
Negative Impact ◽  
Sub Saharan Africa ◽  
Added Value ◽  
African Countries ◽  
The World ◽  
Innovative Products ◽  
The Status ◽  
Sub Saharan

Despite the fact that the African continent is positioned as one of the fastest growing economies in the world (especially the sub-region of sub-Saharan Africa), the lack of industrialization and the use of modern technologies continues to be a brake on the development of the economies of African countries, which largely depend on agriculture and exports of raw goods that have a relatively low added value and account for more than 80% of their exports. This has a negative impact not only on the economic development of the region, but also on per capita incomes of the population. This article assesses the existing economic potential of African countries, which is one of the most important factors for overcoming economic backwardness, achieving the goals of sustainable development, raising the standard of living of the population and changing the status of SSA countries in the world economic system. It is shown that it is important for African states to attract new technologies and innovative products to the industrial and agricultural sectors, since knowledge and innovations are the locomotive of economic growth and are one of the most important factors in the reconstruction and modernization of their economies.

scholarly journals Corporation and State Interests in Industry: Nevsky Plant in 1855-1888

2020 ◽  
pp. 321-339
Author(s):  
M. N. Baryshnikov
Keyword(s):  
Business Environment ◽  
Machine Building ◽  
Entrepreneurial Activity ◽  
Historical Period ◽  
Joint Stock Company ◽  
Stock Company ◽  
Industry Level ◽  
Innovative Products ◽  
Regulatory Bodies ◽  
The Government

The formation of the joint-stock company of the “Nevsky Zavod” from the mid-1850s to the end of the 1880s as a large machine-building enterprise is studied. It is shown how an industrial company was able to use human and investment resources in combination with early control of rapidly developing technology (steam locomotive construction) in order to gain and then hold the corresponding share of the Russian market in the 1870s. Based on the analysis of materials and available studies in the field of industrial entrepreneurship, the author asserts that, moving from the industry level to the company level, one can better understand the ability of corporations to create innovative products in a specific historical period. It is proved that such a technique (the transition from one level of analysis to another) allows us to identify the prospect of entrepreneurial activity, which is missed when focusing exclusively on the industry level. At the same time, it explains the reasons why the corporation could not maintain its position in these years, despite the existing technological competitiveness. The company had a variety of relationships in the business environment, but it was most critical with the government and its regulatory bodies. The presented analysis of the influence of departmental decisions on the activities of the “Nevsky Zavod” company is relevant to the discussion about the relationship between private and state interests in domestic industry in the 1860-1880s.

scholarly journals Israeli start-ups – especially in cyber security: Can a new model enhance their survival rate?

2018 ◽  
Vol 8 (1) ◽  
Author(s):  
Avner Barnea
Keyword(s):  
Cyber Security ◽  
Significant Contribution ◽  
External Environment ◽  
Added Value ◽  
Analytical Models ◽  
New Model ◽  
Start Up ◽  
Review Model ◽  
Start Ups ◽  
Israeli Economy

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. 

scholarly journals The Crowdfunding: A New Financial Instrument for the Start-Ups?

2018 ◽  
Vol 13 (11) ◽  
pp. 199
Author(s):  
Marina Damilano ◽  
Cristina Rovera
Keyword(s):  
Life Cycle ◽  
Added Value ◽  
International Level ◽  
Financial Instrument ◽  
First Semester ◽  
National Regulation ◽  
The Public ◽  
Start Up ◽  
Legal Document ◽  
Start Ups

Start-ups are new businesses, which need a good amount of equity to finance investments. Crowdfunding is an alternative instrument to collect money. It does not need the intervention of a bank, but allows to obtain the funds directly from the public by network platforms. This article focuses on the possibility for a start-up to raise capital through crowdfunding. The argument is quite known on an international level, even if scholars often focus on specific problems or on particular moments of the life cycle of the start-up. On the contrary, the two arguments are really new in Italy. The Italian crowdfunding market is young – the main increase in the platforms number (+63%) is between 2013 and 2014 - and the national regulation which allows to finance start-ups by crowdfunding is even more recent (latest legal document in 2017). The novelty of the topic explains the added value of this article. To the best of our knowledge, no previous study focused on the Italian start-ups financed by crowdfunding. We analyze the phenomenon from the birth of the different platforms (2005 for the first one) since the end of the first semester 2018.

scholarly journals Legal Framework for Establishing and Functioning of Start–Ups in the Conditions of Slovak Legislation

2017 ◽  
Vol 6 (2) ◽  
pp. 61-67
Author(s):  
Zuzana Ilková
Keyword(s):  
Slovak Republic ◽  
Legal Regulation ◽  
Business Environment ◽  
Company Law ◽  
Joint Stock Company ◽  
Legal Form ◽  
Start Up ◽  
Commercial Company ◽  
New Form ◽  
Start Ups

Abstract The existing legal regulation of the Slovak Republic allowed small and medium–sized enterprises, which form a basis for the business environment, not only in Slovakia but also in economically advanced countries, to have a legal form of any of the four types of commercial companies or cooperatives. According to the Concept for Supporting Start–ups and Start–up Ecosystem in the Slovak Republic, for the optimal engagement of investors and start–up development in the Slovak Republic, it is most effective to introduce a new form of capital commercial company that will allow for a flexible set–up of property relationships, investors’ entry and exit from the investment. The paper deals with the issue of special regulation of private law, company law. It points out some of the changes introduced to the regulation of commercial companies by introducing a new type of capital company, a simple joint–stock company and highlights possible problems in application. The new form of a capital commercial company was established by an amendment to the Commercial Code, Act no. 389/2015 Coll., which entered into force on January 1st, 2017. The purpose of the new form of a commercial company, as stated in the explanatory memorandum, is to ensure the legal form of a legal entity, which would be a complex and, at the same time, simple solution for risky investment in the form of commercial companies, especially investments to start–ups. To what extent the new form of a commercial company will meet the expectations of investors, will only be proved after its practical implementation and after the expression of the investors' interest in engaging in such form of company.

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