scholarly journals THE TRANSFORMATION FROM STUDENT COMPANY TO START UP COMPANY

2019 ◽  
Vol 34 (5) ◽  
pp. 1283-1287
Author(s):  
Ranko Davidović

A student company is an educational program that allows students to be involved in the development and running of their own companies, with real products and services, and to manage their earned money during their high school education.In order to ensure the successful operation of their companies, students are encouraged to interact with the business sector, potential customers, institutions and the civil sector while promoting their work and community in a broader context than school. Through the Student Company program, in addition to gaining knowledge of the mechanisms by which business operates, students learn about the market economy and the benefits it brings.Although the basic idea of this program is to encourage entrepreneurial spirit and financial literacy, and the most important desired result of the program is to open the possibilities of self-employment and employability of young people, this program also contributes to the personal development of students.The word start-up is from the English language, becoming popular after the founding of a large number of dot-com companies in the West. The word itself means to initiate or start. Start-ups are mostly start-ups, that is, beginners in the business.Start up is a technology business that is innovative and can grow very quickly and a lot and into which, if they think it can succeed, everyone wants to invest money. You need to have the effect of making someone fascinated by your story. It depends on your performance. Why you, why you are better than others, what you want ... You have to be clear, short, fast, etc.Start up implies innovative technological entrepreneurship, and as a necessary feature includes "scalability", in translation: it has the potential to grow a lot in a short time. The aim of this paper is to explain in the short and simplest sentences the meanings and role of the Student Companies, as well as the Stat up companies, their similarities and differences.

Author(s):  
Aron Perenyi ◽  
Roxanne Zolin ◽  
Alex Maritz

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.


2013 ◽  
Vol 27 (5) ◽  
pp. 365-374
Author(s):  
Stefan A. Uhlich ◽  
Magdalena Missler-Behr

Small and medium-sized businesses are generally considered to be a key driving force in national economies. In comparison with other countries, the percentage of nascent entrepreneurs in Germany is small. This has been attributed to a lack of entrepreneurial awareness, which can be created and developed in schools and higher education institutions. The importance of intensifying the teaching and training of entrepreneurial skills has therefore often been stressed. Two different courses on entrepreneurship – a traditional lecture course and an advanced seminar course – are offered in the summer term at Brandenburg University of Technology, Cottbus. Two surveys were conducted in 2010 for each course, to measure the change in the students' willingness to start a business and thus to gain insights into the effect of entrepreneurship education on ‘founding’ awareness – that is, awareness of the process and demands of entrepreneurial start-ups. Analysis of the survey data was designed to identify (a) whether a change in students' founding propensity can be achieved through entrepreneurship education; (b) what type of course is best suited to introducing students to the idea of self-employment; and (c) whether specific groups of students can benefit from different types of courses. The research results suggest a positive change occurred in participants' stereotypically pessimistic perception of the German climate with regard to new start-up businesses. Some who had never thought about becoming an entrepreneur discovered a personal affinity for this career option. An unexpected finding was that the level of interest in start-up businesses of many students who had originally planned to establish such a business gradually declined. The authors conclude that entrepreneurship education should be offered primarily to advanced students, in order to derive maximum benefit.


2020 ◽  
pp. 095042222093431
Author(s):  
Daisuke Kanama

As entrepreneurs and start-ups have become increasingly significant components of world economic growth, Japan has enacted and discussed various policies to spur entrepreneurship. However, scant attention has been paid toward motivating its youth to embrace the entrepreneurial spirit. Therefore, this study focuses on undergraduate and graduate students and investigates their motivations to become entrepreneurs. The study has three findings. First, the entrepreneurial motivation of Japanese students ranks lower than that of students in the USA, China, India, Spain and Belgium. Second, compared to the motivations of students in other countries, Japanese students’ motivations to launch start-up businesses are few in terms of leadership and independence but many in terms of social contribution. Third, Japanese students believe that their lack of business knowledge and competence creates significant risks and barriers to launching start-up businesses. Finally, the paper discusses the impact of culture and barriers on entrepreneurial innovation in Japan compared to other countries.


2019 ◽  
Vol 65 (1) ◽  
pp. 201-224 ◽  
Author(s):  
Angad Munshi

Two years ago, the central government launched the ‘Start-up India’ initiative to nurture innovation and entrepreneurship in the country, capturing the entrepreneurial spirit of the youth. The initiative promised to build an ecosystem conducive to scaling up start-up companies. The Start-up India action plan of the government is a very important step in strengthening the entrepreneurial ecosystem in the country. This article is an endeavour to portray the start-up ecosystem in India, which has also focused on the global best practices. The ecosystem for successful start-ups typically starts with proper mentorship with a mix of technological and directorial support. India has made a strong name for itself in the global start-up community and ranks among the top five countries in the world in terms of number of start-ups founded. It is estimated that the job creation from these entrepreneurs is likely to reach 250,000– 300,000 by 2020. The Indian food start-ups are now playing a pivotal role in accomplishing transformation, and trying and testing innovative technologies and business models. The innovations in this segment have been the result of improving technology in three segments: ordering food, food preparation and finally delivery. To seize the opportunity for the food industry, it is important to understand the dynamics around the start-up ecosystem. The challenges in the space are many, but it is heartening to see the passion and ability of the young start-ups who are working towards accomplishing their goals. The consolidation is the new mantra for food delivery companies, while quality will be the decisive factor, playing a catalytic role in the near future for health-conscious consumers.


2021 ◽  
Vol 129 ◽  
pp. 08011
Author(s):  
Iveta Linina ◽  
Dzintars Arbidans ◽  
Velga Vevere

Research background: Globalization trends are one of the main causes of global change in the world, and one of the most visible consequences of globalization is rapid market growth. In such market conditions, the focus must be on ensuring competitiveness. One of the key aspects of competitiveness is start-ups, which are sources of innovation and offer high value-added products, i.e. fast-growing and start-ups. Such companies play an important role in promoting economic growth and innovation in Latvia and Europe. It is essential to create a business ecosystem conducive to the further growth of these companies, including international cooperation, so it is important to ensure that these companies are given full access to start-up capital and adequate financing at all stages of the company's development and operation. Purpose of the article: to determine preconditions and underlying factors for the formation of start-up companies. Methods: A monographic or descriptive method was used to study the theoretical principles of start-up companies and the start-up situation in the Latvian economy, as well as expert interviews. Findings & Value added: As a result of the research, the aim of the research was achieved and the preconditions for the formation of start-ups and the main factors influencing their successful operation and development, which will allow the relevant state institutions and organizations to focus on them, were identified.


2011 ◽  
Vol 1 ◽  
pp. 41-57
Author(s):  
Walter Ruda ◽  
Thomas Martin ◽  
Rubén Ascua ◽  
Benjamin Danko

The article is part of the empirical research project “Starting up Businesses and Entrepreneurship by Students” (GESt–study) and analyzes potential impacts of the economic crisis on the pre–start–up process of business students surveyed before and during the downturn at four German universities (of applied sciences), what supports the advancement of entrepreneurship education and support within two different macroeconomic contexts. Though in Germany recessions typically animate more persons to self–employment, these business start–ups are mostly based on necessity–driven entrepreneurship. But particularly opportunity entrepreneurship has positive effects on economic growth and employment. Whereas no significant differences can be detected regarding their start–up propensities, the economic crisis indeed has heightened the intended start–up time as well as the necessity–driven start–up motivation of the surveyed business students, but not their start–up motivation from economic self–realization. Therefore, self–employment as vocational alternative has to be highlighted stronger and entrepreneurial basic knowledge has to be taught adequately to the students so that they are able to mature as potential entrepreneurs at their universities – the location where specialized knowledge about their subsequent professionalism is imparted – what facilitates them to generate future innovations accompanied by enduring and high–skilled employment.


Author(s):  
Jason Greenberg

There is significant and growing interest in entrepreneurship. Notwithstanding this interest, sizable barriers limit understanding of the phenomenon and, by implication, understanding of who is most likely to succeed in it. One fundamental challenge researchers face is the confounded language employed: “Self-employment,” “business ownership,” and various conceptualizations of “entrepreneurship” have often been used interchangeably. This chapter argues that a potentially fruitful basis for predicting the probable form and performance of various start-ups (or newly established business entities) is offered by attending to the social relational characteristics of the individuals or teams engaged in them, including their advisers and investors. Using this approach, novel propositions are proposed that draw and define boundary conditions.


2017 ◽  
Vol 59 (7/8) ◽  
pp. 672-688 ◽  
Author(s):  
María-del-Mar Camacho-Miñano ◽  
Cristina del Campo

Purpose The purpose of this paper is to analyse the creativity level of business administration undergraduates who have attended an entrepreneurship seminar in contrast to those that have not. Design/methodology/approach Using two samples of Spanish students, the factors that condition the creation of new start-ups are analysed. A survey following the creativity items from the Kirton Adaption-Innovation (KAI) inventory was employed for a start-up seminar students and a control sample. Non-parametric tests were carried out on the responses. Findings The results show that Spanish business students’ entrepreneurial intentions are not conditioned by entrepreneurial courses, parental self-employment or by their creativity level. However, there are differences in creativity level by genders for their future ability to start-up a company. Practical implications There are no external constraints on not being an entrepreneur, who plays a fundamental role in the future of a country and it is a way to reduce current youth unemployment rates. Social and educational implications are also presented. Originality/value The use of the KAI inventory as a proxy of creativity index is original in the research. Moreover, this study contributes to a better understanding of the factors in becoming an entrepreneur, through exposure to creativity, growing up around businesses and awareness of individual creativity index. Integration of university courses with entrepreneurship actions will be of interest to the society development.


2018 ◽  
Vol 15 (02) ◽  
pp. 1850013
Author(s):  
Aishwarya Singh ◽  
Santoshi Sengupta ◽  
Swati Sharma

The rise of entrepreneurial spirit and rapid growth of Indian start-ups have given rise to the need to understand leadership behaviors and other factors such as cultural values and work engagement that plays a pivotal role in enhancing creativity. This paper, based on an extensive review of literature presents a conceptual model of creativity pointing to the significance of underlying mechanisms of individual cultural values and work engagement. The framework studies the significance of authentic leadership in augmenting creativity among the employees which is a sine qua non for a start-up to be successful.


2014 ◽  
Vol 23 (2) ◽  
pp. 169-191 ◽  
Author(s):  
Neil McHugh ◽  
Morag Gillespie ◽  
Jana Loew ◽  
Cam Donaldson

While lending for small businesses and business start-up is a long-standing feature of economic policy in the UK and Scotland, little is known about the support available for those taking the first steps into self-employment, particularly people from poorer communities. This paper presents the results of a project that aimed to address this gap. It mapped provision of support for enterprise, including microcredit (small loans for enterprise of £5,000 or less) and grants available to people in deprived communities. It found more programmes offering grants than loans. Grants programmes, although more likely to be time limited and often linked to European funding, were generally better targeted to poor communities than loan programmes that were more financially sustainable. The introduction of the Grameen Bank to Scotland will increase access to microcredit, but this paper argues that there is a place – and a need – for both loans and grants to support enterprise development across Scotland. A Scottish economic strategy should take account of all levels of enterprise development and, in striving towards a fairer Scotland, should ensure that the poorest people and communities are not excluded from self-employment because of the lack of small amounts of support necessary to take the first steps.


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