Description
Learn more about startups, companies, unicorns, business and development.
Study Set Content:
What can be embedded to design startups in flexible manners?
founders can embed options to design startups in flexible manners so that the startups can change easily in future.
When entrepreneurs feel more uncertain, they identify more opportunities?
A study found that when entrepreneurs feel more uncertain, they identify more opportunities (within-person difference), but entrepreneurs who perceive more uncertainties than others do not identify more opportunities than others do (no between-person difference).
Who do startups form partnerships with?
Startups may form partnerships with other firms to enable their business model to operate.
How do startups become attractive to other businesses?
startups need to align their internal features, such as management style and products with the market situation.
What are configurations or archetypes?
two ideal profiles for startups that are commercializing inventions.
Which profile is set out to be more successful in a market with a dominant design?
The inheritor profile
What type of management style does the originator have?
the originator which has a management style that is highly entrepreneurial and in which a radical invention or a disruptive innovation (totally new standard) is being developed.
How is a startup able to find and be attractive to a business partner?
New startups should align themselves to one of the profiles when commercializing an invention.
How many types of changes can be identified when a relationship is failing for a startup?
1-change of the business concept for the start-up
2-change of collaboration constellation (change several relationships)
3-change of the characteristic of the business relationship (with the partner, e.g. from a transactional relationship to more of a collaborative type of relationship)
What type of learning does a founder need to learn at a huge speed before running out of resources?
Proactive actions (experimentation, searching, etc.) enhance a founder's learning to start a company and founders often formulate falsifiable hypotheses, build a minimum viable product (MVP), and conduct A/B testing.
What are founders and co-founders?
Founders or co-founders are people involved in the initial launch of startup companies
What role does the founder play?
The founder that is responsible for the overall strategy of the startup plays the role of founder-CEOs, much like CEOs in established firms.
How do founders ensure that they provide opportunities for their team members to grow and evolve?
Startup studios provide an opportunity for founders and team members to grow along with the business they help to build. To create forward momentum, founders must ensure that they provide opportunities for their team members to grow and evolve within the company.
What is the definition of "promoter"?
Any person who, acting alone or in conjunction with one or more other persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issuer
How can one establish the right to call oneself a cofounder?
it can be established through an agreement with one's fellow co-founders or with permission of the board of directors, investors, or shareholders of a startup company.
When there is no definitive agreement, what can arise?
When there is no definitive agreement (like shareholders' agreement), disputes about who the co-founders are can arise.
What can play a major role in how entrepreneurs approach goals, tasks, and challenges?
Entrepreneurs' sense of self-efficacy can play a major role in how they approach goals, tasks, and challenges.
What Self-efficacy refers to?
Self-efficacy refers to the confidence an individual has to create a new business or startup. It has a strong relation with startup actions.
Building a startup is like what type of cricket match?
Building a startup is like a test match cricket. But execution should be like a T20 cricket match.
What do entrepreneurs often feel?
Entrepreneurs often feel stressed. They have internal and external pressures. Internally, they need to meet deadlines to develop the prototypes and get the product or service ready for market. Externally they are expected to meet milestones of investors and other stakeholders to ensure continued resources from them on the startups.
