scholarly journals A Comparative Analysis of Start-Up Entrepreneurship Support between the UK and Kingdom of Saudi Arabia

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 13 (11) ◽  
pp. 6009
Author(s):  
Se-Kyoung Choi ◽  
Sangyun Han ◽  
Kyu-Tae Kwak

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.


2021 ◽  
Vol 26 ◽  
pp. 922-935
Author(s):  
Prasenjit Dalui ◽  
Faris Elghaish ◽  
Tara Brooks ◽  
Stephen McIlwaine

The aim of this study is to identify the advantages and limitations in the implementation of the Building Information Modelling (BIM) and Integrated Project Delivery (IPD) in the UK consulting sector. A literature review critically analyses the existing literature, (including online articles and publications owing to the current and fast-moving nature of the topic in question). Next, a qualitative research approach was employed through interviews which targeted BIM professionals across the AEC sector in the UK. Barriers to BIM were found to include lack of enthusiasm for potential opportunities for BIM and IPD. Cultural factors which act against BIM and IPD implementation include, willingness to adopt BIM environment, software cost, high-end user maintenance cost. Furthermore, a need was determined for UK government support and encouragement for the use of BIM and IPD for smaller projects. This study recommends that schools take steps to improve career advice and guidance for students in relation to construction, specifically increasing awareness of the opportunities available related to BIM and working professionals to increase awareness of and employment in BIM through training and apprentices as appropriately. Finally, the paper concludes that BIM and IPD should be more widely adopted within AEC industries in the UK to maximise benefits from both systems.


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.


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.


2022 ◽  
pp. 324-345
Author(s):  
Mugove Mashingaidze

The chapter investigated the COVID-19-induced challenges faced by women entrepreneurs in Zimbabwe, the strategies used by women entrepreneurs to survive the COVID-19 crisis, and the government support needed by women entrepreneurs to recover from the pandemic. A quantitative research approach using a structured questionnaire was adopted for gathering data. Empirical findings illustrate that women entrepreneurship in Zimbabwe faces a multiplicity of challenges due to the COVID-19 pandemic. Additionally, findings indicate that women entrepreneurs are cutting down costs, have introduced new delivery channels, and have reviewed their business models to become more resilient. However, women entrepreneurs also expect the government to offer readily accessible finances, arrange for skills and capacity-building training in response to the new normal, and craft economic recovery policies and packages that are tailored to specifically respond to the needs of women entrepreneurs. The study has both theoretical and practical implications.


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.


2010 ◽  
Vol 24 (4) ◽  
pp. 251-256 ◽  
Author(s):  
Henry Etzkowitz

It is suggested that the value of projected cuts in UK higher education spending should be redirected to fund start-up entrepreneurial universities as part of a strategy for knowledge-based economic growth. Two specific elements of academic entrepreneurial redesign are outlined: the Professor of Practice, linking university and industry through half-time roles in each, and the Novum Trivium tripartite undergraduate degree, including a speciality subject, entrepreneurship education and a foreign language. A far-reaching response to resolve the economic crisis by hastening the foundation of university start-ups and their development into new clusters is envisioned.


Ekonomia ◽  
2019 ◽  
Vol 24 (3) ◽  
pp. 41-50
Author(s):  
Anna Brdulak

The importance of technological innovations in raising the quality of life of city dwellers: Selected examples of solutions in Polish start-upsThe main goal of the study is to analyze technological solutions offered by start-ups, designed to im­prove the living standards of city dwellers. The text consists of two parts, theoretical and practical. In theoretical considerations, the author relies on selected literature items. The review of secondary sources first of all serves to define the concept of start-up, and then to expand and enrich the practical part with additional technological solutions for the described projects and this role is directly related to the purpose of the presented article. In the practical part, selected case studies were described and analyzed with reference to the results of the author’s own research. The research project was car­ried out by the author in 2016–2017 in cooperation with the Wroclaw Agglomeration Development Agency. Its aim was to analyze the start-up ecosystem in Wroclaw and to try to find an answer to the question about the importance of start-ups for the quality of life of city dwellers. Recommendations for the local authorities in Wroclaw on how to support ventures in entering the market and remain­ing there were of additional value. The project consisted of three parts. The first two were analyses of secondary sources, on the basis of which the necessary information was collected related to the definition of a start-up company and the current situation of enterprises in Poland and Wroclaw, and quantitative research in the form of an online survey on asample of n=108 start-ups from Wro­claw. The last stage of the research project was the qualitative part. It was in the form of individual interviews with start-ups and industry experts. Seven respondents took part in this component of the study. The result of the research was acharacterization of the start-up environment in Wroclaw. Answers to the questions asked in the questionnaire, supplemented by expert interviews, allowed to determine, among others, the branches in which Wroclaw start-ups operate, to identify the products offered by them and to extrapolate the results of start-ups’ situation to the whole of Poland. Based on the obtained knowledge, it was possible to present the importance of technological solutions of individual start-ups for the quality of life of city dwellers. According to the results of own research and the analysis of secondary sources, it can be stated that the presence of startups in urban space improves the quality of life of city dwellers, while also supporting the construction of social capital.


2018 ◽  
Vol 16 ◽  
pp. 133 ◽  
Author(s):  
Christine Leahy

In the UK the number of students studying for a language degree and spending an extended period abroad has been declining for some years. This trend has a negative effect on the number of incoming students too since student exchange is often based on bilateral agreements between institutions. In order to work towards overcoming the reluctance of UK students to go on a placement abroad, it is important to gain a better understanding of typical student profiles and their expectations of an exchange semester. Using a quantitative research approach this study looks at British and German students’ expectations before their time abroad and their views after their return. The results show similarities between the two cohorts, but also striking differences. In particular, the expectations regarding students’ main goals vary considerably.


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