scholarly journals Developing start-ups with academic support in Romania

2019 ◽  
Author(s):  
Anca-Olga Andronic ◽  
Razvan-Lucian Andronic ◽  
Gica Cruceru
Keyword(s):  
Central Region ◽  
Academic Staff ◽  
Academic Support ◽  
Business Plan ◽  
Entrepreneurship Training ◽  
Business Plans ◽  
Training Course ◽  
Start Up ◽  
Entrepreneurial Training ◽  
Start Ups

The objective of the paper is to present how experts from Spiru Haret University have been involved in the development and implementation of a project aimed at the start-up development in the Central region of Romania, This project runs within one of the first European funded programs where universities are eligible. The project ran through the first stage of entrepreneurship training by September 2018, where 371 members of the target group (of the 403 selected) completed an entrepreneurial training course, supported by academic staff. Subsequently, a business plan competition was organized in two sessions (in November and December 2018), following which 38 business plans were selected, the ones selected attended training in the same industry they intend to develop their business. By July 2020, the 38 selected entrepreneurs will benefit from counseling and mentoring services, along with the monitoring of the business plan.

scholarly journals 7.6. Business planning for innovative startups

2020 ◽  
Author(s):  
И.Р. Ханафиева
Keyword(s):  
Business Plan ◽  
Management Tool ◽  
Financial Resources ◽  
Business Planning ◽  
Business Plans ◽  
Start Up ◽  
Financial Plan ◽  
Innovation Project ◽  
Start Ups ◽  
Theoretical Foundations

В статье рассмотрены теоретические основы бизнес-планирования стартапа. Раскрыта сущность бизнес-плана как специального инструмента, используемого в современной рыночной экономике в качестве средства контроля и управления бизнесом.Определена важность соблюдения сбалансированности основных разделов бизнес-плана стартапа: необходимо, чтобы описательная часть и финансовый план согласовывались друг с другом, поскольку по отдельности они не отражают инновационную идею полностью.Рассмотрены функции бизнес-плана и задачи, на решение которых направлен бизнес-план в процессе достижения поставленной цели. Представлена последовательная структура бизнес-плана стартапа (инновационного проекта). The article discusses the theoretical foundations of start-up business planning as a process where a business plan is a business card necessary to attract financial resources. The essence of the business plan as a special management tool used in the modern market economy as a means of monitoring and managing the business is revealed.The importance of balancing the main sections of the start-up business plan is determined: it is necessary that the narrative and financial plan are consistent with each other, because individually they do not fully reflect the innovative idea.The functions of the business plan and the tasks that are addressed by the business plan in the process of achieving this goal are considered. The consistent structure of a start-up business plan or innovation project is presented.The process of preparing a business plan for start-ups is a complex and time-consuming process, as a result of which the most well-known Western methods for developing business plans for innovative start-ups, which are the basis of Russian methods, are considered.

Students as partners in university innovation and entrepreneurship

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Randolph Hall
Keyword(s):  
Higher Education ◽  
Entrepreneurship Training ◽  
Content Type ◽  
Business Plans ◽  
Start Up ◽  
Education Leaders ◽  
University Support ◽  
Higher Education Leaders ◽  
Entrepreneurial Training ◽  
The University

PurposeStudents are an essential part of university innovation. Through their training, research and energy, students acquire and transfer knowledge to industry, and they help establish new businesses and start-up companies. This paper investigates how universities might capture the entrepreneurial energies of students toward the goal of university improvement and transformation while also educating students to pursue their aspirations to create new businesses.Design/methodology/approachA framework is presented for integrating “Students as Partners” (SaP) with entrepreneurship training to achieve “inside innovation,” meaning innovation to advance the practices of the university. Students participating in Blackstone Launchpad at three American universities were surveyed as to how they perceive innovation culture and support at their universities.FindingsCommon services (help with business plans, market assessment and entrepreneurial training) had the biggest positive effect on satisfaction with university support. Nevertheless, many students had sought to apply their innovations inside their university and, in so doing, found navigating bureaucracy and knowing “whom to talk to” to be the biggest obstacles. Respondents were least likely to agree with the statement that their institution was willing to accept risks.Research limitations/implicationsSurvey included three universities. A larger sample would be useful for a broader assessment.Practical implicationsPartnered services, technology entrepreneurship, system add-ons and immersion are proposed as four strategies to overcome obstacles to make universities more innovative in their practices.Social implicationsThe paper proposes a culture change toward engaging student entrepreneurs in innovation within universities to improve higher education practices.Originality/valueA framework for how higher education leaders might use the SaP model to capture entrepreneurial energies of students for university improvement and transformation.

An Alternative to Business Plan Based Advice for Start-ups?

2012 ◽  
Vol 26 (6) ◽  
pp. 443-452 ◽  
Author(s):  
Simon Bridge ◽  
Cecilia Hegarty
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Business Plan ◽  
Business Plans ◽  
Start Up ◽  
Business Support ◽  
New Business ◽  
Pros And Cons ◽  
Start Ups

Business plans are advocated by many business support professionals and others, such as educators in higher education institutions, because they suit their purposes. A typical view is that a business plan is ‘one of the most important steps in setting up any new business’ (Burns, 2011); but their hegemony is now being questioned. Sarasvathy (2008) suggests that effectuation is the method often favoured by expert entrepreneurs and this paper seeks to combine it with an exploration view of entrepreneurship to produce an alternative tool for start-up ventures. The paper compares the pros and cons of each approach and suggests that an exploration approach is often more natural, logical and effective than the business plan based alternative.

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 Poslovni plan - pojam, namena i proces njegove izrade

2003 ◽  
Vol 44 (157) ◽  
pp. 179-190
Author(s):  
Djordje Kalicanin
Keyword(s):  
Planning Process ◽  
Business Plan ◽  
Financial Resources ◽  
Business Planning ◽  
Business Plans ◽  
Start Ups

Business plan has been one of the most popular management categories in our economy over the last two years. Popularity of business plan has been created from the outside. It is not the result of our managersz belief in its usefulness, but of the creditors request for potential debtors. In that way, business plan is becoming the main negotiating tool in providing financial resources for expanding capacities of the existing firms or start-ups. Creating business plans with this purpose only poses the biggest threat to its implementation. For these reasons, the concept, purposes and business planning process are also presented.

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

2016 ◽  
pp. 217-243 ◽  
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.

EU E-Commerce Policies

2004 ◽  
pp. 156-184
Author(s):  
Anne Wiggins
Keyword(s):  
Role Models ◽  
Innovation Policy ◽  
Competitive Environment ◽  
Business Plans ◽  
Policy Initiatives ◽  
Adoption And Implementation ◽  
Start Up ◽  
The Uk ◽  
Start Ups ◽  
The Impact

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.

scholarly journals Potential entrepreneurs’ assessment of opportunities through the rendering of a business plan

2014 ◽  
Vol 17 (3) ◽  
pp. 249-265 ◽  
Author(s):  
Melodi Botha ◽  
Claire Leanne Robertson
Keyword(s):  
Business Plan ◽  
Point Of View ◽  
Practical Significance ◽  
Business Plans ◽  
Start Up ◽  
University Of Pretoria ◽  
Potential Entrepreneur ◽  
The University ◽  
And Training ◽  
Viable Business

In the field of entrepreneurship and especially during start up, much emphasis is placed on the business plan with regard to entrepreneurship education and training, funding from external investors, business plan competitions and government development agencies in the Small, Medium and Micro Enterprise (SMME) sector. In many earlier studies of well-known entrepreneurship educators, the formulation of a business plan was identified as being the most important feature of any entrepreneurship programme or course. However, the relevance of a business plan has been a topic of intense and unresolved debates in more recent literature. This paper contributes to the literature with regard to the value a business plan adds to potential entrepreneurs.  Furthermore it increases the understanding of how a detailed business plan (such as the approved business plan template of the University of Pretoria approved business plan) can enable a potential entrepreneur to assess opportunities. The paper conducts a comprehensive analysis of business plans and the methods of assessing opportunities, in order to reveal similarities between the business plan and opportunity assessment. Based on descriptive statistics and inferential statistics such as ANOVA, and Kruskal-Wallis tests, the findings support the hypotheses that potential entrepreneurs distinguish between ideas and opportunities and develop opportunities through the formulation of a detailed business plan. The pertinent academic and practical significance of this paper is that it highlights statistically significant differences proving that a detailed business plan is a tool that enables potential entrepreneurs to assess opportunities. From a practical point of view, this should help potential entrepreneurs to establish more viable business ventures; however, this would have to be statistically tested in further research. Finally, the study re-establishes the importance and purpose of a business plan in the field of entrepreneurship.

The Role of Co-Innovation Platform and E-Collaboration ICTs in Facilitating Entrepreneurial Ventures

2020 ◽  
Vol 10 (2) ◽  
pp. 62-75
Author(s):  
Mohamad Wali Osmani ◽  
Ramzi El Haddadeh ◽  
Nitham Hindi ◽  
Vishanth Weerakkody
Keyword(s):  
International Collaboration ◽  
Knowledge Exchange ◽  
Practical Training ◽  
Female Entrepreneurs ◽  
Entrepreneurship Training ◽  
Start Up ◽  
Ict Tools ◽  
Entrepreneurial Activities ◽  
Innovation Platform ◽  
Start Ups

The aim of this study is to stimulate and support women to engage in action-oriented entrepreneurial activities such as practical training, international collaboration, knowledge exchange, and shared learning to foster entrepreneurship. To achieve the aim, this study proposes a structured program of training and mentoring that will combine multiple-methods and ICT tools to facilitate the process of joint-innovation and start-up between international female entrepreneurs. To do so, it recommends the following stages: engaging with stakeholders and developing contextual awareness; developing an entrepreneurship training framework; training and capacity building of female entrepreneurs; adapting, implementing and pilot-testing a co-innovation platform; and facilitation of international collaboration, venture capital and start-ups.

Excelsior-Henderson motorcycles: Could lean start-up methodology have averted a $100-million Mistake?

2018 ◽  
Vol 20 (2) ◽  
pp. 144-156 ◽  
Author(s):  
Tom Clement
Keyword(s):  
Business Plan ◽  
Customer Demand ◽  
Start Up ◽  
Manufacturing Company ◽  
Market Leader ◽  
Motorcycle Industry ◽  
Start Ups

This case applies the recently proposed lean start-up methodology to the failed Excelsior-Henderson Motorcycle Manufacturing Company. Company founder Dan Hanlon and his family pursued a dream to start a new American motorcycle company based largely on market leader Harley-Davidson’s inability to meet customer demand. Excelsior-Henderson’s founders followed a path of crafting and executing an elaborate business plan filled with goals and assumptions, with no customer discovery, validation, or iterative testing performed. The result was misjudging the complexities and financial demands of the motorcycle industry and an ultimate lack of customer response which led to a loss of US$100 million in capital and eventual bankruptcy. Students will learn to evaluate the challenges start-ups face through the lens of the lean start-up method, including customer discovery and the consideration of a minimum viable product (MVP).

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