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Article
Publication date: 28 February 2022

George Bogdan Dragan, Gianita Bleoju, Alexandru Capatina and Arch Woodside

Given the nature of corona chaos, tech startups confront strategic disorientation; therefore, this study aims to constructively engage with the theory development process in the…

Abstract

Purpose

Given the nature of corona chaos, tech startups confront strategic disorientation; therefore, this study aims to constructively engage with the theory development process in the area of management decision, adopt causal complexity with a configurational approach of McKinsey's 5R paradigm and the Newtonian gravitational field.

Design/methodology/approach

This study provides a novel conceptualization of systematic research of explanatory mechanisms for navigating the turbulence and consequences of the COVID-19 crisis. This configurational study shows how European tech startups adopt strategies in addressing COVID-19 challenges successfully.

Findings

The analysis reveals configurations that lead to the outcome of the conceptual model, namely, reimagining the equifinal paths to the next normal. The findings suggest that, in navigating the crisis, tech startups are able to seize market opportunities, capture technological opportunities and consolidate their future positions.

Research limitations/implications

The principal limitation consists of limited empirical evidence regarding tech startups’ ability to navigate Covid-19 crisis and choose the appropriate path to the next normal.

Practical implications

This study enhances European tech startups’ capability to adopt reflexivity and openness while navigating the Covid-19 chaotic context. Furthermore, the study provides a managerial toolkit to guide strategic decisions via deepening their understanding of the new created realities.

Originality/value

This study provides a novel conceptualization of systematic research on explanatory mechanisms for navigating the turbulence and consequences of the COVID-19 crisis context. This configurational study shows how European tech startups adopt strategies that address COVID-19 challenges successfully.

Details

Management Decision, vol. 60 no. 9
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 29 June 2021

Shivalik Singh and Bala Subrahmanya Mungila Hillemane

The purpose of this paper is to ascertain the factors determining the choice of sources of finance for a tech startup over its lifecycle.

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Abstract

Purpose

The purpose of this paper is to ascertain the factors determining the choice of sources of finance for a tech startup over its lifecycle.

Design/methodology/approach

This study adopts simple random sampling technique to choose 93 sample tech startups in Bangalore. Further, this study employs the primary data collection from the sampled startups under study through a semi-structured questionnaire and in-depth interviews with the founders/CEOs of these startups. Furthermore, it carries out binary logistic regression analysis to primarily examine the likelihood of a tech startup to approach and access a particular source of finance over its lifecycle.

Findings

Our results indicate that a tech startup's choice for a financial source varies with its lifecycle stage and financial requirements. We find that while in its early stage, a tech startup's choice of a financial source is limited to business angels (BA), in the growth stage, it approaches the institutional sources, viz. Venture Capital (VC), Corporate Venture Capital (CVC), Banks and Private Equity (PE) firms alternatively. Out of the three major categories of financial requirements: Human Capital (HC), Research Capital (RC) and Social Capital (SC), the requirement for HC and SC is predominantly funded by VCs, while the acquisition of RC is facilitated by early stage investors (BAs) as well as growth stage investors (CVC and PEs).

Research limitations/implications

The research implication of the study lies in bringing out the need to understand both the nature and the quantum of financial requirements of tech startups would influence the sources of finance it would approach and obtain finance for its operations and growth.

Practical implications

The major policy implication of the study refers to the need to promote the diverse sources of finance to meet the diverse needs of finance in different stages of a tech startup's lifecycle. Particularly in an emerging economy, where we do not see the emergence and growth of highly innovative tech startups, the need to promote adequate availability of RC is especially important.

Originality/value

This study makes a key contribution to the entrepreneurial finance literature by empirically investigating the factors determining a tech startup's propensity to approach and access a particular source of finance over its lifecycle.

Details

International Journal of Emerging Markets, vol. 18 no. 8
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 18 March 2022

Pavan Kumar Sala, Simon P. Philbin and Safia Barikzai

As part of the entrepreneurial journey, high-tech entrepreneurs are faced with the need to develop a competitive value proposition and leverage emerging technology to strengthen…

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Abstract

Purpose

As part of the entrepreneurial journey, high-tech entrepreneurs are faced with the need to develop a competitive value proposition and leverage emerging technology to strengthen the value proposition. Entrepreneurial pivoting can be adopted to address this requirement since it enables the startup to validate and refine the company’s strategy and business model. Therefore, this research study provides an empirical investigation of the pivoting concept explained in the context of the lean startup approach (LSA) and technology entrepreneurship to improve the understanding of the entrepreneurial journey for high-tech entrepreneurs.

Design/methodology/approach

A qualitative research method was conducted by interviewing 30 high-tech entrepreneurs across the United Kingdom to validate the theories behind the LSA and identify new insights on entrepreneurial pivoting.

Findings

The research study has validated the existing types of pivots and identified two new pivots (giving 16 in total). The study has validated the existing 11 factors that trigger a tech startup to change its direction and identified three new factors (giving 14 in total). The research study also determined that there can be a domino effect in pivoting and the value proposition can be created and sustained through pivoting.

Originality/value

This study provides empirical evidence on pivots and the factors associated with pivots. Furthermore, it helps in understanding the influence of the phases of technology entrepreneurship on pivoting. The study also discusses the challenges faced by tech startups while pursuing pivots, the domino effects in pivoting and has found evidence that pivoting eventually leads to achieving the desired results.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 28 no. 4
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 6 August 2019

Brijesh Sivathanu and Rajasshrie Pillai

This paper aims to study is to empirically investigate the role of entrepreneurial orientation (EOR), entrepreneurial bricolage (EBR), technology orientation (TOR), sustainability…

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Abstract

Purpose

This paper aims to study is to empirically investigate the role of entrepreneurial orientation (EOR), entrepreneurial bricolage (EBR), technology orientation (TOR), sustainability orientation (SOR) and Trust (TUR) in the sustainable enterprise performance (SEP) of tech startups in India. It uses a framework grounded in the EBR theory, upper echelon theory and resource-based view theory.

Design/methodology/approach

A primary survey was conducted using a structured questionnaire amongst 285 sample respondents from 425 tech startups and the data were analyzed using the partial least squares-structural equation modeling technique.

Findings

The findings suggest that EOR and TOR significantly influence SEP. SOR and TUR do not significantly affect the SEP. EBR plays a significant mediating role between TOR and EOR and SEP in the context of Indian technology-based startups.

Research limitations/implications

This cross-sectional study has a geographic limitation as it was conducted in Mumbai, Bangalore and Pune and their suburbs. As this study was carried out in the context of tech startups in a developing country such as India, caution needs to be exercised while generalizing the findings of this study to other regions, countries and cultural contexts.

Practical implications

This study highlights the significance of TOR and EOR in the long-term SEP to the budding entrepreneurs who have strong EOR and deploy EBR strategy to start their new business ventures. It also infers that few of the reasons for the failure of tech startups are because of the lack of attention to TUR and SOR.

Originality/value

This study has a novel contribution as it empirically validates the role of multiple constructs such as EOR, TOR, TUR, SOR and EBR toward SEP in a resource-constrained startup environment in the context of a developing country such as India.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 12 no. 1
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 28 February 2023

Aswathy Sreenivasan and M. Suresh

Innovation in technology is nothing new. However, a strong surge of inventions centered on digital apps and platforms has emerged over the past decade and has come to be…

Abstract

Purpose

Innovation in technology is nothing new. However, a strong surge of inventions centered on digital apps and platforms has emerged over the past decade and has come to be associated with the tech sectors. The purpose of this research is to know whether deep-tech can be unlocked in startups for their long-term success.

Design/methodology/approach

Papers and websites that included the term deep-tech startups were considered for this study.

Findings

The authors have seen no explanation why India cannot develop several global deep-tech firms in the coming five years, similar to what China did in the previous 10 years, if Indian deep-tech entrepreneurs receive solid support from domestic industry giants, supportive regulatory changes and prompt access to finance. The authors think that the epidemic has made conditions for this to pick up speed that is highly favorable.

Research limitations/implications

This research is limited to a few numbers of papers and websites.

Practical implications

Due to the unanticipated disruption, the pandemic caused, clever robotics and hands-free technology were urgently needed. The development of smart, self-monitoring, simple, tailored and potential on-the-go improvement solutions are the talk of the day. Deep-tech solutions have the ability to provide limitless benefits in a variety of fields to the world's 1.3 billion inhabitants.

Social implications

This research will help startups to know more about deep-tech and implement them to be the first-mover advantage in this competitive and turbulent environment.

Originality/value

The novelty of this research is based on its presentation of an organized and thorough evaluation, which defines the current state of the art with regard to deep-tech startups. Not many studies have been performed in the area of deep-tech startups. In order to create a sustainable startup, a thorough study on how deep-tech can be unlocked in startups and its opportunities, challenges and funding is presented.

Details

Technological Sustainability, vol. 3 no. 1
Type: Research Article
ISSN: 2754-1312

Keywords

Article
Publication date: 10 June 2020

Abhishek Behl

The study aims to understand how big data analytics capabilities of tech startups help them gain competitive advantage and improve their firm performance. The study is performed…

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Abstract

Purpose

The study aims to understand how big data analytics capabilities of tech startups help them gain competitive advantage and improve their firm performance. The study is performed for two countries: India and China. A comparative analysis is also discussed in the study.

Design/methodology/approach

The study collected responses from tech startups from both India and China. A total of 502 responses were collected with 269 from India and 233 from China. The results were analyzed using Warp PLS 6.0 after testing for common method bias, endogeneity and reliability of data. The study tested five primary hypotheses and also tested the effect of two control variables: country of origin of startup and age of the startup.

Findings

We found that big data analytics capabilities have a positive and significant impact on the firm performance and competitive advantage of tech startups. While organizational culture proved to have a positive impact as a moderator, innovation was found to have non-significant effect. The results also found to have non-significant effect of age of the firm while its country of origin does play an important role in defining its success.

Originality/value

The study offer key insights for the tech startups operating in two countries which are geographically neighbors but differ in the tech expertise from each other. Moreover, the study offers key insights on how does the origin of the country contributes significantly to explaining the success and competitiveness of the firm.

Details

Management Decision, vol. 60 no. 2
Type: Research Article
ISSN: 0025-1747

Keywords

Content available

Abstract

Details

Journal of Small Business and Enterprise Development, vol. 30 no. 1
Type: Research Article
ISSN: 1462-6004

Article
Publication date: 5 January 2022

Terra Qoriawan and Indri Dwi Apriliyanti

Tech startup is the new hope for sustaining economic growth and job creation in a knowledge-based economy. However, research on the entrepreneurial ecosystem (EE) is always…

Abstract

Purpose

Tech startup is the new hope for sustaining economic growth and job creation in a knowledge-based economy. However, research on the entrepreneurial ecosystem (EE) is always constructed upon macro-level analysis and is still very limited to the developed economies. This study aims to tackle those issues by exploring the connections within an EE in an emerging economies context with a micro and meso-level social network approach to unravel the pattern of networks and interactions between each actor in the EE.

Design/methodology/approach

This research used multi-layered social network analysis, exploring actors in the ecosystem and their interactions. The authors conducted interviews with startups, support organizations and government agencies. The authors used Atlas.ti software to visualize the network structures.

Findings

The authors found that the content of interaction within the EE in the emerging economies differs greatly with EE in the developed economies and they produced distinctive characteristics as follows: lack of a dense network, resource scarcities and structural gaps and weak institutional policies.

Research limitations/implications

The research is based on a case study of tech-based EE in Yogyakarta, Indonesia. Therefore, the authors encourage other researchers to investigate networks and connections in other EEs in emerging economies. This research contributes a conceptual framework to better understand the network of connections in an emerging-economies-based EE.

Practical implications

The research shows grants provision alone cannot contribute to the functioning of EE. The authors argue strategic networks which promote collaboration among actors can reduce holes and structural gaps, as well as resource scarcities in the ecosystem. In addition to that, strong institutional policies and effective policy integration are needed to create a successful EE.

Social implications

This research promotes the importance of networks, particularly networks between tech startups and strategic organizations to provide resources and support productive entrepreneurship in hopes of sustaining and accelerating tech startup growth within an EE.

Originality/value

The research proposes to add to the existing EE literature by shedding light on governance of EE, as well as exploring network of connection and interaction among actors within the ecosystem. As a result, the study addresses the need for a more micro or operational-level understanding of an EE. Recent calls for EEs literature have also focused on a certain actor’s dynamic function in the ecosystem. By focusing on the role of the government, the research added to the underdeveloped EE literature.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 15 no. 2
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 2 May 2017

Emanuela Scarmozzino, Vincenzo Corvello and Michele Grimaldi

The purpose of this paper is to analyze the contribution of professional social networking websites (PSNWs) to entrepreneurial learning in high-tech startups. In addition, in the…

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Abstract

Purpose

The purpose of this paper is to analyze the contribution of professional social networking websites (PSNWs) to entrepreneurial learning in high-tech startups. In addition, in the present paper, the relationships between intellectual capital (IC) and PSNW-supported entrepreneurial learning have been investigated.

Design/methodology/approach

The paper is based on data collected through a questionnaire distributed to entrepreneurs and managers of high-tech startups. In order to understand the behavior of startuppers in PSNWs two theoretical constructs have been devised, which could put into evidence knowledge sharing and knowledge seeking occurrences. In these constructs, entrepreneurial learning represents the dependent variable, while IC components are considered as moderators. The obtained results have been analyzed through hierarchical regression.

Findings

Results have indicated that PSNWs support the learning processes of startuppers and that the social capital, one of the components of IC acts as an important mediator in the hypothesized relationships between knowledge seeking activities and entrepreneurial learning.

Research limitations/implications

This study has taken a sample of middle-sized entrepreneurships into consideration. Future research could be focused on larger entrepreneurships, in order to validate the obtained results. In addition, it could be interesting to examine further factors affecting the improvement of entrepreneurial learning practices in startuppers and larger organizations.

Originality/value

PSNWs are often used by entrepreneurs to create relations and to exchange knowledge. This fact notwithstanding, there is a dearth of studies that analyze how entrepreneurial learning can be facilitated by online social networking. The paper provides a clearer view of these issues and represents a first step in filling this research gap.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 23 no. 3
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 28 December 2020

Fernando Almeida

This study explores the contribution that tech startups can provide in the fight against COVID-19. The Tech4Covid movement is presented to that effect, which has joined several…

Abstract

Purpose

This study explores the contribution that tech startups can provide in the fight against COVID-19. The Tech4Covid movement is presented to that effect, which has joined several Portuguese tech startups. This initiative gathers more than 5,000 volunteers and 28 ongoing projects in several interdisciplinary areas, including science, technology, health and education.

Design/methodology/approach

Two qualitative methods are adopted: the case study and the field research technique. This joint approach allows exploring in-depth the relevance and impact of the different areas included in Tech4Covid movement. Data were collected both from primary sources, namely by the authors' participation in the movement and by the use of secondary sources from each project.

Findings

The findings reveal three main areas in which the 28 ongoing projects can be categorized, respectively: support to health professionals and hospital equipment, health and education services and business and leisure. These projects offer direct and indirect contributions to the fight against COVID-19. From a perspective, they were initially designed to support health professionals in gathering protective equipment and supporting screening for suspicious cases. From another perspective, they also offer indirect benefits to citizens and the local economy.

Originality/value

This paper addresses a recent phenomenon with a dramatic impact on public health, social and economic dimensions. The study provides essentially practical contributions by revealing how Portuguese technological startups were organized and worked together to respond to the COVID-19 pandemic. It is expected this study will serve as a reference for other countries and communities that intend to replicate this model.

Details

World Journal of Science, Technology and Sustainable Development, vol. 18 no. 1
Type: Research Article
ISSN: 2042-5945

Keywords

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