Fig 7 - uploaded by Claas Triebel
Content may be subject to copyright.
Number of largest companies in Germany and the USA, based on FT Global 500 ranking of the world's largest listed companies (Veron, 2008)

Number of largest companies in Germany and the USA, based on FT Global 500 ranking of the world's largest listed companies (Veron, 2008)

Source publication
Chapter
Full-text available
The purpose of this paper is to provide an overview of the reasons for the failure of a company foundation. For this purpose, the current studies in this area are discussed. These studies clearly show that the number of startup companies has declined in recent years. In addition, the number of startup companies is lower than the number of company c...

Context in source publication

Context 1
... show that Europe has a problem when it comes to building large, global companies. Veron (2008) chart below shows the development in comparison to the USA (Veron, 2008) (Fig. ...

Similar publications

Article
Full-text available
Exact, fully explicit, purely real analytical expressions for the material functions describing steady, startup, and cessation regimes of shear flows and of planar, uniaxial, and biaxial extensional flows of full linear Phan-Thien–Tanner fluids are obtained. These expressions, which have no analogs in the literature, are formulated in compact, beau...
Article
Full-text available
In this article, an overview of existing cases of usage of artificial intelligence (hereinafter AI) in healthcare is made, and opportunities of AI technologies and challenges one may face while embedding and using them are studied. In literature, there are several definitions of AI given in different dictionaries and studies. These definitions are...

Citations

... They often use creativity and innovation to make effective changes in society and to guarantee their survival and competitiveness (Yang and Tu, 2020). Startups need to develop infrastructure and meet requirements that ensure the continuity of their creativity and innovation (Triebel et al., 2018). They also must establish, maintain, and strengthen strong and sustainable interactions with the external environment in order to identify and meet current market needs quickly and efficiently. ...
Article
In today’s ever-changing market, startups that can effectively respond to environmental changes and can manage unpredictable events will face intense competition. Human resources play a special role in promoting the competitiveness of startups. This study investigated the effect of high-performance work systems (HPWSs) on the competitiveness of startups through the mediating role of innovation capability maturity. The statistical population of the study consisted of Iranian startups based in Isfahan Province. Data were collected using a standard questionnaire, and the structural equation method was used to data analysis. The results showed that high-performance work systems have a positive and significant impact on the competitiveness of the studied startups through the mediating role of innovation capability maturity and about 47% of the total effect of the high-performance work system on competitiveness of them is explained indirectly by the mediating variable of innovation capability maturity.
... In fact, the startup failure rate worldwide can be as high as 90%. CB Insight released 20 things that cause startup failure in building its business, 5 of which are most commonly found to be the cause of startup failure from internal companies, namely: Triebel et al [13] (1) products that are not needed by the market (42%), (2) too a lot of "money burnt" (29%), (3) teams that are not solid (23%), (4) losing the competition (19%), and (5) pricing / cost issues (18%). ...
Article
Full-text available
The purpose of this study is to analyze the influence of Entrepreneurship Capability, Agility, Business Transformation, Opportunity on Start-Up Behavior in E-Commerce Companies in Indonesia During the Covid 19 Pandemic. The quantitative method used in this study was applied to start-up companies in Greater Jakarta with a population of 522 start-ups. The sampling method in this study used a purposive sampling technique. Questionnaires were distributed using google form as many as 522 questionnaires, 200 questionnaires were returned. From the returned questionnaires, after sorting the completeness and fulfilling the requirements for testing, 187 questionnaires were obtained consisting of the founders. Primary data were collected through a questionnaire and then analyzed using statistical analysis methods using Partial Least Square SmartPLS version 3 program. The partial least square analysis results show that each of the factors: agility, entrepreneurship capability, business transformation and opportunity have a significant effect in increasing start-up behavior in Jabodetabek. This finding explains that in building a start-up, the founder must possess the agility entrepreneurship capability factor while still following business transformation and opportunities in developing the business. This study also found that the opportunity factor is the most dominant factor in increasing the start-up behavior of founders.
... All start-ups face challenging conditions in the first years of their existence, causing them to fail at a higher rate than incumbents (Triebel, Schikora, Graske, & Sopper, 2018). The vulnerability of new organizations has been attributed to the liability of newness (Stinchcombe, 1965) and the liability of smallness (Aldrich & Auster, 1986). ...
Thesis
Full-text available
A significant number of incubators and accelerators have emerged to support start-ups aiming to solve societal or environmental problems. However, there is still limited understanding of how these ventures perceive the value proposition of incubators and accelerators – and whether their support needs differ from those of conventional start-ups. This study utilizes the framework of organizational sponsorship to explore the acceleration of social start-ups. It is based on in-depth interviews with the founders of 10 start-ups from an impact-oriented incubator in Duisburg, Germany. Through an inductive study of multiple cases, this research generates three main insights. First, the social-mission focus of these ventures leads to significant differences as compared to commercial ventures in how they perceive incubator benefits. Second, social start-ups profit more from intangible resources such as social capital and knowledge than from tangible resources such as seed funding. Third, incubators and accelerators need to adapt their service offerings to address the needs of social start-ups. This study contributes to the understanding of entrepreneurial support by presenting a systematic assessment of incubator and accelerator services from the perspective of social start-ups. Its main theoretical contribution is to extend the organizational sponsorship framework by proposing a novel support mechanism: impact acceleration. It provides practical recommendations for not only funders and managers of incubators and accelerators but also social start-ups seeking entrepreneurial support.
... Accordingly, startups are subject to the liability of newness, i.e., the higher the degree of novelty, the higher the mortality risk Shepherd, Douglas, & Shanley, 2000;. In this respect, failure is a crucial event that may occur at any time during the entrepreneurial/start-up process (Blank, 2011;Khelil, 2016;Pisoni & Onetti, 2018;Triebel, Schikora, Graske, & Sopper, 2018). ...
Article
Full-text available
Failure is a crucial event that can occur at any time during the entrepreneurial/start-up process. Understanding what influences the failure or survival of new ventures is increasingly attracting the interest of scholars, practitioners, and policymakers, mainly because of the role that startups play in innovation. Studying failure events presents a series of challenges that scholars should bear in mind when approaching this topic, starting from the definition of terms to the lack of data to analyze such events. The literature on business failures is scattered among different fields of research and lacks a comprehensive framework. We address this gap performing a systematic literature review. 74 papers focusing on new ventures’ failure have been reviewed and analyzed to identify the main causes of failure. In doing so, we identify four main categories of causes of new venture failure. Namely, I) resources, with a specific focus on human and financial capital; II) strategic/managerial decisions; III) product-related aspects; and IV) contextual/environmental-related issues. By providing an up-to-date systematization of recently published contributions on the topic, we aim to provide practical implications for entrepreneurs/practitioners and future research directions to researchers in the field.
... 4. The last obstacle according to this study is the external environment constraints of the business, in the form of trends that must be followed or created, the demands of the markets that have been fulfilled, legal compliance demands that must be followed and other external demands which are challenges that are not easy to overcome (Salamzadeh & Kawamorita, 2015). Some of the obstacles faced by startups based on this study are where startups experience constraints in the HR field, competition challenges, marketing difficulties, in line with the findings of the obstacles faced by startups that are the cause of their bankruptcy which has been investigated by (Bednar et al., 2018;Cantamessa et al., 2018;Triebel, 2018b) and CB Insight (2019) and have been described in Table 3. ...
Article
Full-text available
Startup companies are expected to become the new engines of economic growth through the rise of new innovation-based entrepreneurs. The Penta Helix framework is widely used as a framework to analyse factors related to the development of innovation-based companies. The use of the Penta Helix framework as the unit of analysis is considered to be relevant because this framework offers a comprehensive perspective and is in line with the economic development innovation and knowledge-based startups. However, there is a lack of research that has been conducted that analyse the nature of support that can be given to startups at their early-stage of creation using the Penta Helix framework that consists of five stakeholders namely Academicians, Businessmen, Government, Communities. This study aims to propose a conceptual model about the nature of support needed by startups in order to survive in their initial stages by using the Penta Helix Framework. This study is a qualitative one using the Focus Group Discussion method, in which participants are made of six early stages technology-based startup founders and CEOs, who were gathered to conduct several discussions regarding the topics. Our results show that obstacles faced by startups include among other: difficulties in obtaining qualified yet affordable workforce in facing existing competitors, difficulties in increasing sales, difficulties in managing product development costs, no adequate support from the government, and ineffective incubation programs. A model that consists of lists of support that startups need, was depict as main contribution from the discussion, named Penta Helix support for startups. This model offers comprehensive practical guide for policy makers to support startups from five perspectives.
... On most occasions, these business ventures are shipwrecked and everything goes up in smoke, but there is a considerable number of start-ups that have succeeded and prevailed with great success [7][8][9][10]. Such start-ups were Google, Paypal, Amazon, and other behemoths of the international business world [11][12][13][14]. ...
Article
Full-text available
Entrepreneurship seems to be taking strong action with ambitious researchers who dare to undertake professional initiatives for the treatment of diseases, such as cancer, and any kind of problems patients address today. After the analysis of the basic elements regarding the development of start-up businesses, current trends in healthcare are categorised and cases are in turn studied. The breakthroughs developed in healthcare primarily regard technologies such as Artificial Intelligence, Neuroscience Technology and Biotechnology, while Digital Health gains ground applied by several start-up businesses worldwide. By surveying their data, useful conclusions are drawn concerning the investment process of healthcare start-up businesses. In the attempt of analysing the perspectives of establishing such companies in Greece, the Greek healthcare start-ups are presented. Through an empirical study at the Greek companies, Greek reality is thus documented and data are presented in a plot. The purpose of this paper is to analyse the perspectives of establishing a Greek healthcare start-up company. The survey includes the significant components of attracting potential investors and offers evidence-based to healthcare funding. It also summarizes on the fundamental principles of forming a start-up company that mainly concerns health sector.
Article
Full-text available
This study aims to improve operational performance in Indonesian unicorn companies during the COVID-19 pandemic. The purposive sampling method was used to collect data on Empathetic Leadership, Job Innovation, Operational Performance, and Firm Value from managers of various unicorn companies by distributing questionnaires. The data collected were analyzed using a Structural Equation Model, such as statistical software Partial Least Square. The results of this study showed a change in the pattern of work carried out by companies in running their businesses. For instance, Performance to Firm Value were 0.912, 0.629, 0.351980, 0.287, and 0.671, respectively, while the statistical values were 33.881, 9.543, 5.247, 3.106, and 7.272. Therefore, companies must stay on a good performance scale to maintain firm value. In conclusion, Operational Performance and Firm Value can be affected by Empathetic Leadership to Job Innovation.
Chapter
The rate of failure in projects is much higher than would be expected. In fact, there seems to be a close connection. As statistics reveal, only a small percentage of projects can be claimed to be successful. Most cited failure factors are unclear objectives, insufficient communication, lack of top management support, and poor scheduling. As we show, these factors disregard the context, genesis, and transfer of projects. Failure starts already with collecting and selecting good ideas. After that, the planning is much more crucial than most people would expect. Finally, projects can fail at the end when an organisation is confronted with the generated outcomes. The most general cause of failure, however, lies in the reason for existence of projects. We assume projects exist to fail. The article is illustrated with a case study and ends with some recommendations on how to deal with failure.
Chapter
In this paper, we will discuss different processes teams undergo in situations which are difficult to work out because of their dynamic and complexity. There are a variety of requirements to be met to successfully deal with such situations: definition and analysis of the problem, appropriate handling and integration of partially non-available or even contradictory information, generation of solutions but also the prioritization and selection of one or more ‘correct’ solutions. Furthermore, the disciplinary knowledge of the team members play an important role, especially when it comes to heterogenous teams with mixed disciplinary background. Experts often overestimate the importance of their own discipline and thus communicate domain-specific knowledge either simplified or in an overcomplicated way. Both approaches do not reach the aim to arrive at a shared understanding within the team. From the research point of view these situations are of special interest, because it would be very valuable to find out which factors can turn the communication into a successful one and what we can learn to support heterogeneous teams to better reach a mutual understanding in the team on the one hand and derive knowledge of how to teach students to better reach a shared understanding before important decisions are made.