What are the key factors influencing start-up success?4 answersThe key factors influencing start-up success include market potential, government regulations, entrepreneurism, funding availability, personal characteristics of small business owners, business strategy, regulations and measures for entrepreneurship, active promotion of post-management programs, development of high-quality post-management programs, professional personnel and budget for implementing startup support programs, joint effort between the government and entrepreneurs, tools used by entrepreneurs for better diagnosis of success conditions, business plan, entrepreneurial profile, external environment, managerial process, public policies, infrastructures, entrepreneurial profile, social and human capital, business plan, machine learning models, statistical models, business plan, market scope, team size, service timing, market growth, age of the entrepreneur, seed funding, funding rounds, location, social media presence, team size, number of founding members, defunct date, and the idea, CEO's leadership, business model, marketing approach, and entrepreneurial team.
What makes a startup successful?4 answersStartups can be successful by focusing on key factors such as the idea, CEO's leadership, business model, marketing approach, and entrepreneurial team. Additionally, the personality traits of the founders play a significant role in a startup's success, with traits like openness to adventure, lower levels of modesty, and higher activity levels being distinguishing factors. Cultural characteristics may also influence the weight given to these factors. Furthermore, the success of a startup can be influenced by industry, location, and the economy of the day. It is important to note that while startups are a vital source of innovation, the most innovative ones are also the least likely to survive. Overall, a combination of factors such as a strong idea, effective leadership, a well-defined business model, a strategic marketing approach, a cohesive entrepreneurial team, and the right personality traits can contribute to the success of a startup.
What factors lead to the success of start-ups?5 answersFactors that lead to the success of start-ups include the presence of venture capitalists, the number of funding rounds, the existence of a lead investor, the number of events attended, the registration of trademarks, and the support of educational institutions. These factors have been identified through various studies conducted in different regions. For example, research in the Balkans region found that venture capital funding is not a sufficient condition to predict start-up success, and logistic regression models were used to analyze the impact of independent variables on start-up success. Another study focused on tourism start-ups and identified factors such as strategy, entrepreneur, resource, and industry as critical for initial success. German venture capitalists emphasized the importance of entrepreneurial personality and team leadership skills for digital start-up success. In the context of agriculture start-ups, fear of failure and the increasing challenges of loans, employees, and obligations were identified as obstacles. Brazilian stakeholders perceived critical success factors to have a significant impact on start-up development.
What are the main motivations for social entrepreneurship in the Global South?5 answersThe main motivations for social entrepreneurship in the Global South include addressing unsolved social problems, promoting social innovation, and creating a sustainable economy. Nascent social entrepreneurs in the Global South are motivated by factors such as femininity, high tolerance for risk, and low power distance cultural backgrounds. They are driven by a prosocial attitude, innovation attitude, and entrepreneurial self-efficacy, while profit motivation may vary. The Global South also emphasizes the alignment between the urgent needs of the countries and the actions of local social entrepreneurs, as seen in the Ashoka network. Motivations for social entrepreneurship in the Global South include altruism, passion, influence of role models, past volunteering experiences, and the desire to create and innovate. These motivations help social entrepreneurs overcome difficulties such as mobilizing resources and navigating business bureaucracy.
What are the major drivers and deterrents of entrepreneurial enterprise in the risk-prone Global South?5 answersEntrepreneurial enterprise in the risk-prone Global South is driven by factors such as small-scale private investment from the Global South, established social capital, linked social-business networks across borders, microenvironmental knowledge, and maintaining relatively small businesses able to fly "under the radar". On the other hand, there are deterrents to entrepreneurial enterprise in the Global South, including limited assets and limited opportunities, which necessitate the mobilization of all available resources to achieve success. Additionally, the complexity of indigenous society and culture in the South Asian context poses challenges to entrepreneurial risk-taking and management, challenging Western ideologies and practices. The interplay between drivers (relationship-specific investments and behavioral uncertainty) and deterrents (inter-firm social capital) affects partner opportunism in buyer-supplier exchanges, highlighting the significance of leveraging social capital to curb the harmful effects of opportunism.
Whay is global south?2 answersThe term "Global South" refers to countries in Asia, Africa, Latin America, and Oceania, which are outside of Europe and North America and are often low-income and politically marginalized. It is a shorthand for regions that differ in terms of economic trajectories, institutional arrangements, and everyday life. The concept of the Global South also encompasses the cultural impact of video games, the growth of game development, and the vitality of game cultures across various regions, including Africa, the Middle East, Central and South America, the Indian subcontinent, Oceania, and Asia. Moreover, the phrase "Global South" signifies a shift in focus from development or cultural difference to geopolitical power relations. Recent writings on the Global South have explored the role of emerging economies within the developing world in the global scenario.