scholarly journals The Business Model of Start-Up—Structure and Consequences

2019 ◽  
Vol 9 (3) ◽  
pp. 69 ◽  
Author(s):  
Štefan Slávik
Keyword(s):  
Business Model ◽  
Business Performance ◽  
Distribution Channel ◽  
Field Research ◽  
Lessons Learned ◽  
Entrepreneurial Performance ◽  
Start Up ◽  
Three Stages ◽  
Start Ups ◽  
The Impact

A start-up already at its origin has to solve the crucial existential condition that is a viable business model. The purpose of the research is to deepen and expand the knowledge about the structure of the start-up business model and its impact on entrepreneurial performance. Field research was carried out in three stages over one and a half years. The source of knowledge about the studied start-ups has been the personal experience recorded in the questionnaire. Start-ups are small closed communities that do not sufficiently shape external partnerships, cannot reach the customers, although they can identify them well enough, try to improve the business model blocks but they do not pay attention to their coordination and perceive the monetization in a simplified way. The impact of the business model on start-up performance has been confirmed but the internal blocks affect business performance unambiguously over the three stages of the research. The best conversion of users to customers and subsequently to revenues are distinctive for the start-ups with their own simple distribution channel and partners who are experienced distributors. The lessons learned can directly improve the results of start-ups when their incompleteness and imperfection will be substituted by appropriate partners. Start-ups provide a space for the new jobs and the self-realization of ambitious people with a sense of service for society. Empirical research on start-ups identifies their weaknesses and possibilities to increase their entrepreneurial performance.

SECURE – a new business model framework for measuring start-up performance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tahseen Anwer Arshi ◽  
Venkoba Rao ◽  
Sardar Islam ◽  
Swapnil Morande
Keyword(s):  
Business Model ◽  
Emerging Economies ◽  
Performance Outcomes ◽  
Equation Modeling ◽  
Model Framework ◽  
Content Type ◽  
Start Up ◽  
New Business ◽  
Start Ups ◽  
The Impact

Purpose Existing business model frameworks show weak conceptual unification, a paucity of measurement focus and limitations when applied in emerging economies. The study proposes a new business model framework – “Start-up Evaluation Calculus Using Research Evidence” (SECURE). The purpose of this study is to allow the measurement of the impact of business model design on start-up performance in emerging economies. Design/methodology/approach Data collected from 713 entrepreneurs in select cities of India, Oman and the United Arab Emirates is analyzed through structural equation modeling. The study uses measurement and structural models to examine the validity of measures and additionally tests the five hypothesized relationships proposed in the study. Findings The SECURE’s components comprising desirability, marketability, feasibility, scalability and viability showed validity and reliability. They synergistically demonstrated a statistically significant effect on a mix of financial and non-financial start-up performance outcomes. An alternative structural relationship that examined the impact of SECURE on only financial performance outcomes showed a weaker model fit. The findings indicate that a business model framework is useful when its ex ante measures show a positive causal effect on the desired performance outcomes. Practical implications The scores obtained by the SECURE framework serve as an evaluative tool that informs entrepreneurs and start-ups on the readiness of their proposed, incubated or existing start-ups. Originality/value Replacing subjective judgments with objective assessment criteria, SECURE is one of the first quantitative and performance-driven business model frameworks that contain measures from all functional domains of a start-up business. Start-ups can evaluate their business models against the SECURE model’s research-driven quantitative criteria and assess their impact on start-up performance.

scholarly journals The Structure of the Start-Up Business Model—Qualitative Analysis

2021 ◽  
Vol 13 (15) ◽  
pp. 8386
Author(s):  
Štefan Slávik ◽  
Richard Bednár ◽  
Ivana Mišúnová Hudáková
Keyword(s):  
Qualitative Analysis ◽  
Business Model ◽  
Qualitative Data ◽  
Field Research ◽  
Detailed Knowledge ◽  
Start Up ◽  
Analysis And Synthesis ◽  
Secondary Result ◽  
Start Ups ◽  
Detailed Picture

The aim of the research is an in-depth and detailed knowledge of the start-up business model, which is structured according to Canvas visualization. The research sample contains 106 start-ups operating in Slovakia. Each start-up was researched by a member of the research team, who personally recorded the statements of the founder. The research results are based on qualitative analysis and synthesis of statements of the founders of start-ups. The main results of the research are a summary view of the business model of the examined start-ups, which expresses the peculiarities of the start-up business making, including priorities within its blocks, and the identification of space for variations in the business model of start-ups. A secondary result of the research is the subjective and objective circumstances of the creation of a business idea, its content, confirmation of its originality, and the peculiarity of the start-up development process. The practical use of the results consists in providing a pattern of the business model and the possibilities of its variation, which are the result of field research of real and functioning start-ups. The originality and value of the research lie in the direct collection of qualitative data, immediate knowledge of business reality, and the synthesis of results into a comprehensive and detailed picture of the start-up business model.

Circular start-up development: the case of positive impact entrepreneurship in Poland

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Boleslaw Rok ◽  
Monika Kulik
Keyword(s):  
Business Model ◽  
Business Models ◽  
Positive Impact ◽  
Data Gathering ◽  
Content Type ◽  
Start Up ◽  
Multiple Case ◽  
Start Ups ◽  
The Impact

Purpose The purpose of this paper is to explore how circular start-ups design and implement innovation into their business models to increase their positive impact. Design/methodology/approach This qualitative study is based on an exploratory multiple-case study involving six circular start-ups with positive impact in Poland. Data gathering took place via in-depth interviews with start-up founders. Findings The analysis demonstrates that three factors, which are strongly interconnected, can significantly influence the development of a circular start-up. The first is the purpose-led motivation for circularity as a solution, mostly concentrated on the environmental education of different market actors. The second factor is built on the aim to increase the positive impact by addressing the most pressing social and environmental problems. It determines the impact on society as well as on the environment and the extent to which its model can be scaled up. The third factor is driven by the understanding of the purpose of the innovation, concentrated on the business model innovation regarding circularity. Practical implications This paper demonstrates the benefits for diverse stakeholders and the importance of using circular business models in start-up development. Circularity can be perceived as a main part of the new approach to improve sustainability. Originality/value Circular start-ups represent a new phenomenon in the entrepreneurial market. While the structure and logic of the circular business model in start-ups are significantly unexplored in the management literature, this model is viewed as a crucial step in the direction of increasing the positive impact of start-ups. From a theoretical and practical perspective, it is important to understand the differences and similarities in this area within different markets.

scholarly journals The Impact of IT Risks on the Development of Innovative Start-Up of Mining Enterprises

2020 ◽  
Vol 174 ◽  
pp. 04030
Author(s):  
Ryszard Pukala ◽  
Ivars Linde
Keyword(s):  
Business Model ◽  
Development Process ◽  
International Perspective ◽  
Business Activity ◽  
Enterprise Development ◽  
Start Up ◽  
Start Ups ◽  
The Impact ◽  
Working Out ◽  
Modern Technologies

This study aims at presenting IT risks, the materialization of which can have impact on business activity of innovative enterprises, including start-ups. We need to emphasize that such enterprises are largely associated with the use and implementation of modern technologies in various sectors of the economy. We also need to underline that enterprises of this type to an ever-greater extent act as an impulse triggering innovativeness of the economy as seen from the national and international perspective. Therefore, risk limitation in the enterprise development process, especially in the field of IT, may be an element that supports reaching the product scaling stage and working out an optimal business model, which stands as a chance of achieving market success and competitive advantage. As indicated by researchers, start-ups identify IT risks within the area of their activity and undertake actions aimed at limiting them.

Student entrepreneurship ecosystems at Australian higher education institutions

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alex Maritz ◽  
Quan Nguyen ◽  
Sergey Ivanov
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Entrepreneurship Education ◽  
University Student ◽  
Content Type ◽  
Student Entrepreneurship ◽  
Start Up ◽  
Entrepreneurship Ecosystems ◽  
Start Ups ◽  
The Impact

PurposeDespite the significance, university student start-ups and student entrepreneurship ecosystems (SEEs) have been subject to little research. This study aims to apply a qualitative emergent enquiry approach to explore best practice SEEs in Australia, complimented by narratives from leading scholars in higher education institutions with the aim of delineating the integrative components of SEEs.Design/methodology/approachAdopting the entrepreneurial ecosystem framework and aligned to the social cognitive theory, this paper explores the components and dynamics of SEEs, contributing to an understanding of how such components can better support the growth, sustainability and success of student start-ups. The authors extend entrepreneurship research on social construction using narrative research.FindingsThe findings provide guidelines for researchers, entrepreneurship scholars and educators, entrepreneurship students, policymakers and practitioners to enhance the impact and success of university student start-ups by adopting a student ecosystem approach.Research limitations/implicationsThe narratives represent a limited number of universities with an opportunity for further research to empirically measure the impact and outcomes of SEEs. The research is exploratory, inherently conceptual and emergent, providing an opportunity for validation of narrative frameworks in future studies.Practical implicationsThe findings may assist university managers to be more aware of their own subconscious preferences to student entrepreneurship and start-up initiatives, which may be useful in refining their impact and offerings regarding a quest toward the entrepreneurial university.Social implicationsFrom social perspectives, the alignment of the components of SEE has the ability to enhance and shift the entrepreneurial mindset of entrepreneurship students, notwithstanding enhancement of intentionality and self-efficacy.Originality/valueThis is the first study of SEEs in Australia, highlighting the importance of the integration of entrepreneurship education programs, entrepreneurship education ecosystems, the entrepreneurial university and specific start-up initiatives such as university accelerators. Furthermore, students may enhance their entrepreneurial mindset by actively engaging in such ecosystems.

Service Logic Business Model Canvas for Lean Development of SMEs and Start-Ups

2020 ◽  
pp. 436-463
Author(s):  
Jukka Ojasalo ◽  
Katri Ojasalo
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Community ◽  
Service Development ◽  
Model Framework ◽  
Business Plans ◽  
Business Model Canvas ◽  
Start Up ◽  
Service Logic ◽  
Start Ups

Business models have made a breakthrough both in the academic and in business community in the area business development. Old fashioned business plans are in many cases considered as a waste of time and resources. Particularly start-ups and SMEs have a great potential to take advantage of business model approach which allows lean and agile product and service development. However, the existing widely used business model frameworks are lacking the new service logic orientation. They mostly see the world in terms of goods logic. Since all sizes of businesses in all industries are increasingly adopting the service logic or service-dominant logic, there was a clear need to develop a new service logic based business model framework. Based on an extensive empirical study with both practitioners and academics, a new Service Logic Business Model Canvas was developed to fill this need. This chapter explains the theoretical foundations of this framework in SME and start-up context, as well as the framework itself and its application.

scholarly journals Collaborative production networks among unequal actors

2020 ◽  
pp. 1-17
Author(s):  
Manuel Muñoz-Herrera ◽  
Jacob Dijkstra ◽  
Andreas Flache ◽  
Rafael Wittek
Keyword(s):  
Network Formation ◽  
Increasing Returns ◽  
Production Networks ◽  
Resource Heterogeneity ◽  
Dominant Group ◽  
Collaborative Project ◽  
Start Up ◽  
Established Firms ◽  
Start Ups ◽  
The Impact

Abstract We develop a model of strategic network formation of collaborations to analyze the consequences of an understudied but consequential form of heterogeneity: differences between actors in the form of their production functions. We also address how this interacts with resource heterogeneity, as a way to measure the impact actors have as potential partners on a collaborative project. Some actors (e.g., start-up firms) may exhibit increasing returns to their investment into collaboration projects, while others (e.g., established firms) may face decreasing returns. Our model provides insights into how actor heterogeneity can help explain well-observed collaboration patterns. We show that if there is a direct relation between increasing returns and resources, start-ups exclude mature firms and networks become segregated by types of production function, portraying dominant group architectures. On the other hand, if there is an inverse relation between increasing returns and resources, networks portray core-periphery architectures, where the mature firms form a core and start-ups with low-resources link to them.

scholarly journals Economic Empowerment of Pesantren Through Agribusiness (Study On Al-Mawaddah Entrepreneurial Pesantren)

2020 ◽  
Vol 3 (1) ◽  
pp. 15-31
Author(s):  
Muhammad Baqi Mustaghfiri
Keyword(s):  
Agricultural Sector ◽  
Field Research ◽  
Strategy Research ◽  
Analysis Technique ◽  
Dragon Fruit ◽  
Qualitative Descriptive ◽  
Three Stages ◽  
The Impact ◽  
Better Than

This paper aims for several research objectives. It aims to find out the agribusiness sectors developed by Al-Mawaddah Entrepreneurial Pesantren. It also aims to find out the empowerment of agribusiness developed by this pesantren. Last, it also aims to determine the impact of empowering agribusiness developed on improving the economy Al-Mawaddah Entrepreneurial Pesantren’s alumni. This research is a field research. The approach used by researcher is a qualitative descriptive approach with a case study strategy. Research location is at Pesantren Entrepreneur Al-Mawaddah Honggosoco Kudus RT. 06/ RW. 01, Jekulo District, Kudus Regency. Data collection techniques used are observation, interviews, and documentation. The data analysis technique used is descriptive qualitative. The results show that: (1) the agribusiness sector that was developed at Al-Mawaddah Entrepreneurial Pesantren touched only agriculture and educational sectors. It yet touches other agribusiness sectors, such as fisheries or livestock. The agricultural sector developed includes: agricultural food crops, such as: rice, corn, soybeans, vegetables, and cassava, fruit crops, such as: longan, and dragon fruit. They even plant within the premise sugar cane plantation; (2) Agribusiness Empowerment developed by Al-Mawaddah Entrepreneurial Pesantren consists of three stages, namely: input, process, and output; (3) Agribusiness entrepreneurship is better than working under other people (companies) because apart from freedom, the income generated is also higher.

scholarly journals The Cyclone As Catalyst

2016 ◽  
Vol 15 (1) ◽  
Author(s):  
Ute Haring ◽  
Reesa Sorin
Keyword(s):  
Lessons Learned ◽  
Broad Perspective ◽  
Children’S Perspectives ◽  
Tropical Regions ◽  
Far North ◽  
Spoken Text ◽  
Children’S Wellbeing ◽  
Helping Others ◽  
Three Stages ◽  
The Impact

Cyclones are endured, but often dreaded in tropical regions such as Far North Queensland. Memories, and often myth, of their destructive effects permeate written, visual and spoken text from and about this area. This paper presents findings from a qualitative research project which examined the impact of tropical north Queensland’s 2006 Cyclone Larry on children’s wellbeing, as expressed through their drawings and narratives, using Haring’s (2012) Content, Interpretive and Developmental (CID) method for analysis. This research is presented through the three stages of a cyclone: the lead up, landfall and finally the aftermath, or lessons learned. Experiences of children during these three stages, as conveyed in the publication, Cyclone Larry. Tales of survival from the children of North Queensland (Mothers Helping Others [MHO], 2006) are examined and discussed to present a broad perspective about how children express fear, resilience and hope for the future. In this study children are seen as active participants and not victims. Art and narratives give children a voice through which to express feelings, as well as being a tool for healing and encouraging children’s resilience. Findings to date suggest that children’s perspectives supply significant contributions to our understandings of natural disasters such as cyclones.

scholarly journals Tech Start-up Incubation Program: Business Model Evaluation on Government Based Incubator in Indonesia

TEM Journal ◽  
2021 ◽  
pp. 283-291
Author(s):  
Tifa Noer Amelia ◽  
Armanu Thoyib ◽  
Gugus Irianto ◽  
Ainur Rofiq
Keyword(s):  
Business Model ◽  
Support System ◽  
Model Evaluation ◽  
System Analysis ◽  
Qualitative Approach ◽  
Early Stages ◽  
Start Up ◽  
Start Ups

This research evaluates business model in an incubator company using a framework that consists of 21 assessment components. It is required to examine and measure the efficiency of the incubation program. The incubation program is an intensive mentoring service for start-ups and connects them with the related support system. Analysis conducted using a qualitative approach and matrix scoring generated from N-Vivo. Bekraf Incubator is a government-based incubator in Indonesia suitable for early stages of start-up. Bekraf Incubator successfully demonstrates an effective and flexible business model by focusing on 16 sub-sectors under their incubation program.

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