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Unveiling failure patterns of start-ups in the life sciences industry 揭示生命科学行业初创企业的失败模式
Pub Date : 2024-06-13 DOI: 10.1177/14657503241261540
Anna Khalemsky, Tali Hadasa Blank
This research reveals failure patterns of firms within the life sciences industry, by utilizing a cluster analysis approach. We uncover hidden patterns in ceased firms and identify four distinct patterns: false start, false promise, realistic management, and walking dead. Each pattern represents a unique combination of firm characteristics that led to their downfall. The study sample consists of 230 ceased firms in the life sciences industry that are registered in the Israel Venture Capital database. By examining the similarities and dissimilarities between the patterns, the study aims to build a taxonomy of failures in the life sciences industry. The findings reveal that non-founder CEOs are more likely to halt their firm's operations during the R&D stage, despite having the highest performance compared to other patterns. This study contributes to a deeper understanding of entrepreneurship by focusing on failed endeavors. The results shed light on the leadership dynamics within these specialized and uncertain domains, providing valuable insights for decision-makers. Overall, this research enhances our knowledge of the factors contributing to failure and offers practical implications.
这项研究利用聚类分析方法揭示了生命科学行业中企业的失败模式。我们揭示了已停业公司中隐藏的模式,并确定了四种截然不同的模式:错误的开始、错误的承诺、现实的管理和行尸走肉。每种模式都代表了导致其倒闭的公司特征的独特组合。研究样本包括以色列风险投资数据库中登记的 230 家生命科学行业的倒闭企业。通过研究这些模式之间的异同,本研究旨在建立生命科学行业倒闭企业分类法。研究结果表明,与其他模式相比,尽管非创始人首席执行官的业绩最高,但他们更有可能在研发阶段停止公司运营。这项研究通过关注失败的努力,有助于加深对创业精神的理解。研究结果揭示了这些专业和不确定领域中的领导力动态,为决策者提供了宝贵的见解。总之,这项研究增进了我们对失败因素的了解,并提供了实际意义。
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引用次数: 0
Corrigendum to Challenges and opportunities for rural entrepreneurship in times of crisis 危机时期农村创业的挑战和机遇》更正
Pub Date : 2024-06-11 DOI: 10.1177/14657503241261446
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引用次数: 0
The pronounced embeddedness of commercial and social entrepreneurship in rural communities 商业和社会创业在农村社区的明显嵌入性
Pub Date : 2024-06-11 DOI: 10.1177/14657503241261230
Orly Ganany-Dagan, Zeev Greenberg, Eli Gimmon, Vered Haas
This study examines the characteristics of entrepreneurship in rural villages. It was conducted during ongoingeconomic and social crises in rural areas. We interviewed 23 entrepreneurs located in small rural communities, focusing on thedynamics between rural entrepreneurs and village communities. Four themes emerged from the content analysis: (1) The village relieson entrepreneurs to provide products or services, (2) the community and the entrepreneurs establish a pattern of combined paid andunpaid services, (3) entrepreneurs leverage a rural product or service into something greater than was previously provided in thevillage, and (4) tensions may arise between entrepreneurs and the village management as well as village members. Overall, thefindings show that small business entrepreneurs in rural villages are more embedded in the community compared with those in urbanareas.
本研究探讨了农村创业的特点。研究是在农村地区持续的经济和社会危机期间进行的。我们采访了 23 位位于农村小社区的创业者,重点关注农村创业者与村庄社区之间的动态关系。通过内容分析,我们发现了四个主题:(1)村庄依赖创业者提供产品或服务;(2)社区和创业者建立了有偿和无偿服务相结合的模式;(3)创业者利用农村产品或服务的杠杆作用,将其转化为比村庄以前提供的产品或服务更大的产品或服务;以及(4)创业者和村庄管理层以及村庄成员之间可能出现紧张关系。总体而言,研究结果表明,与城市地区的创业者相比,农村地区的小企业创业者更能融入社区。
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引用次数: 0
An intersectional perspective on the impacts and responses of entrepreneurs during the COVID-19 pandemic in Germany 从交叉视角看德国 COVID-19 大流行期间企业家的影响和应对措施
Pub Date : 2024-06-04 DOI: 10.1177/14657503241258933
Alexandra David, J. Terstriep, Susann Schäfer, Armando García Schmidt
In the wake of the COVID-19 pandemic, research is swiftly progressing to comprehend the impact on solo self-employed individuals and microenterprises. Although there is unanimous agreement within the literature that this unprecedented event has profoundly affected businesses globally, evidence regarding these impacts’ precise direction and extent remains inconclusive. A limited understanding exists concerning the various intersecting factors influencing entrepreneurs’ affectedness and coping strategies. This article employs qualitative interview data to examine how entrepreneurs from knowledge-intensive services and retail and hospitality sectors in Germany experienced, navigated and responded to the multifaceted challenges posed by the COVID-19 pandemic. Results reveal that factors at the intersection of sector affiliation, gender, migrant background and care/parental responsibilities determine entrepreneurs’ affectedness and shape their coping strategies, including using state aid programmes. Highlighting distinct combinations of intersecting factors, we contribute to advancing the ongoing scholarly discourse on crisis dynamics and intersectionality in entrepreneurship and policymaking.
在 COVID-19 大流行之后,有关对个体自营职业者和微型企业的影响的研究正在迅速发展。尽管文献一致认为这一史无前例的事件对全球企业产生了深远的影响,但有关这些影响的确切方向和程度的证据仍然没有定论。人们对影响企业家受影响程度和应对策略的各种交叉因素的了解也很有限。本文采用定性访谈数据,研究德国知识密集型服务业、零售业和酒店业的企业家如何经历、驾驭和应对 COVID-19 大流行带来的多方面挑战。结果显示,行业归属、性别、移民背景和照顾/养育责任等交叉因素决定了企业家的受影响程度,并形成了他们的应对策略,包括利用国家援助计划。我们强调了各种交叉因素的不同组合,有助于推动当前关于危机动态以及创业和政策制定中的交叉性的学术讨论。
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引用次数: 1
Challenges faced by women entrepreneurs in rural India: A mixed-method study on perception 印度农村女企业家面临的挑战:关于认知的混合方法研究
Pub Date : 2024-05-15 DOI: 10.1177/14657503241254954
Varadaraj Aravamudhan, K. Sivakumar, C. R. Vishnu, K. Mohanasundaram
Women entrepreneurs confront myriad issues related to economic, social, familial, market environments, and regulatory challenges in the rural Indian setting. These issues must be identified and characterized for designing policies/strategies to promote women's entrepreneurship. Accordingly, the key objective of this research is to identify and discuss challenges faced by women entrepreneurs in India, with a particular focus on rural areas of Rajasthan. Furthermore, the present research also investigates the inter-relationships between the challenges to determine the impact potential of individual challenges and issues. A mixed-method approach is adopted in the present article. Initially, a questionnaire-based survey was conducted to identify significant challenges and barriers confronted by women entrepreneurs in the selected region. A total of 120 responses were collected based on a purposive sampling procedure. The significant issues are further characterized using Interpretive Structural Modeling and MICMAC analysis. The research discloses that a lack of cooperation from male family members, weak bargaining power, self-esteem issues, psychological barriers, lack of government support, absence of adequate regulatory policies, problems in attracting customers, corruption, and other market behaviors as the major challenges faced by women entrepreneurs. The article also reports the impact potential of these challenges through a hierarchical model.
在印度农村地区,女企业家面临着与经济、社会、家庭、市场环境和监管挑战有关的各种问题。必须确定这些问题的特征,以便制定促进妇女创业的政策/战略。因此,本研究的主要目标是确定和讨论印度女企业家面临的挑战,尤其侧重于拉贾斯坦邦的农村地区。此外,本研究还调查了这些挑战之间的相互关系,以确定个别挑战和问题的潜在影响。本文采用了混合方法。首先,进行了问卷调查,以确定选定地区的女企业家所面临的重大挑战和障碍。根据有目的的抽样程序,共收集到 120 份答复。通过解释性结构模型和 MICMAC 分析,进一步确定了重大问题的特征。研究显示,缺乏男性家庭成员的合作、议价能力弱、自尊问题、心理障碍、缺乏政府支持、缺乏适当的监管政策、吸引客户方面的问题、腐败和其他市场行为是女企业家面临的主要挑战。文章还通过层次模型报告了这些挑战的潜在影响。
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引用次数: 0
Resilience of rural businesses in times of crisis: Firm survival during the COVID-19 pandemic in Finland 危机时期农村企业的复原力:芬兰企业在 COVID-19 大流行期间的生存状况
Pub Date : 2024-04-23 DOI: 10.1177/14657503241248284
Timo Mitze, T. Makkonen
Little is known about the geography of firm survival during COVID-19. We investigated the effect heterogeneity of the pandemic itself and of business support funding by the Finnish government with respect to rural and urban business closures. To do so, we utilised regional data on firm survival, detailed business support funding data and a rural–urban typology for Finland. Results from panel regressions showed that the pandemic had an overall negative impact on businesses in terms of an increased closure rate of about 20–30% during the period 2020q2–2022q4, which was generally higher in urban than rural areas. While the bulk of business support funding from the Finnish government during the pandemic went to urban businesses, COVID-19 funding mitigated the effects of the pandemic on business closures equally across the different rural–urban categories. Counterfactual simulations show that the average closure rate would have been about 10–12% higher during the pandemic if no business support funding schemes would have been implemented.
人们对COVID-19期间企业生存的地理环境知之甚少。我们研究了大流行病本身以及芬兰政府的企业扶持资金对城乡企业倒闭的异质性影响。为此,我们利用了企业生存的地区数据、详细的企业扶持资金数据以及芬兰的城乡类型学。面板回归结果显示,大流行病对企业产生了总体负面影响,在2020q2-2022q4期间,企业关闭率增加了约20%-30%,城市地区的企业关闭率普遍高于农村地区。虽然芬兰政府在疫情期间向城市企业提供了大部分的企业扶持资金,但COVID-19的资金同样减轻了疫情对不同城乡类别企业倒闭的影响。反事实模拟显示,如果不实施企业扶持资助计划,大流行期间的平均倒闭率会高出约10-12%。
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引用次数: 0
SMEs’ resilience and cross-industry innovation before and after a crisis 危机前后中小企业的应变能力和跨行业创新
Pub Date : 2024-04-23 DOI: 10.1177/14657503241248285
Kaya Haugland Faeroevik
Industry crises regularly threaten the existence of small- and medium-sized enterprises (SMEs) and place demands on their resilience while simultaneously providing opportunities for cross-industry innovation (CII). The current literature on CII has not examined how SMEs engaged in CII during a crisis. Using in-depth interviews conducted prior to the oil crisis in 2014 and at the end of the crisis in 2018, we evaluate how the disposition of nine SMEs towards CII contributes to their resilience. We show that CII capabilities strategy and mindset promote absorptive and adaptive resilience. Further, the longitudinal aspect highlights the mismatch between CII opportunities identified during prosperity and SMEs’ ability to realise these opportunities during a crisis. This is often rooted in the challenges of understanding the industry structure of the new CII segment. Successful CII is positive for SMEs’ resilience, and policy initiatives should strive to bridge industries, providing transparency for SMEs pursuing CII.
行业危机经常威胁到中小型企业(SMEs)的生存,对其应变能力提出了要求,同时也为跨行业创新(CII)提供了机会。目前有关跨行业创新的文献尚未研究中小企业在危机期间如何参与跨行业创新。利用在 2014 年石油危机之前和 2018 年危机结束时进行的深度访谈,我们评估了九家中小企业对 CII 的处置如何促进其复原力。我们发现,企业信息基础设施能力战略和思维方式促进了吸收和适应能力。此外,纵向研究凸显了繁荣时期发现的企业信息基础设施机会与危机时期中小企业实现这些机会的能力之间的不匹配。这往往源于对新的企业信息基础设施的行业结构的理解。成功的企业信息基础设施对中小型企业的复原力具有积极意义,政策措施应努力为各行业搭建桥梁,为追求企业信息基础设施的中小型企业提供透明度。
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引用次数: 0
Innovation and rural context: An exploratory case study of a small rural enterprise from the Czech Republic 创新与农村环境:捷克共和国一家小型农村企业的探索性案例研究
Pub Date : 2024-03-27 DOI: 10.1177/14657503241241415
I. Steinerowska-Streb, J. Peterková, Artur Steiner
This study identifies i) factors that encourage small rural enterprises to innovate and ii) obstacles to introducing innovation. Using a case study of a rural business in the Czech Republic, the paper reveals that although rural businesses may experience innovation barriers, such as inadequate human resources and volatile market conditions, they can innovate, respond quickly and effectively to emerging market circumstances and turn threats into opportunities for growth. Importantly, many of the challenges and opportunities for innovation interplay with each other, with some obstacles becoming a foundation of creative and innovative solutions that help to develop a sustainable, modern and efficient enterprise. We highlight that the innovation of rural enterprises can be an outcome of pull and push factors that influence both product innovation and business innovation processes. Pull factors represent incentives and opportunities to stimulate rural innovation. Push factors, on the other hand, necessitate change and create pressures that must be addressed to ensure business longevity. The paper also shows that successful innovation is not free from agency, with the strategic vision and innovation outlook of business owners being a significant driver of innovation practices. Finally, our study shows that the innovation of rural enterprises depends on local, regional, national and international connections, and goes beyond rural areas, with a ‘think local and act global’ approach helping to harness opportunities in wider markets.
本研究确定了 i) 鼓励小型农村企业创新的因素和 ii) 引入创新的障碍。通过对捷克共和国一家农村企业的案例研究,本文揭示了虽然农村企业可能会遇到创新障碍,如人力资源不足和市场条件不稳定,但它们可以进行创新,对新出现的市场环境做出快速有效的反应,并将威胁转化为增长机遇。重要的是,创新的许多挑战和机遇是相互影响的,一些障碍成为创造性和创新性解决方案的基础,有助于发展可持续、现代和高效的企业。我们强调,农村企业的创新可以是影响产品创新和业务创新过程的拉动因素和推动因素的结果。拉动因素代表着激励农村创新的动力和机遇。而另一方面,推动因素则是变革的必要条件,并产生了为确保企业长盛不衰而必须应对的压力。本文还表明,成功的创新离不开代理,企业主的战略眼光和创新观是创新实践的重要驱动力。最后,我们的研究表明,农村企业的创新依赖于地方、地区、国家和国际联系,并超越了农村地区,"立足当地,放眼全球 "的方法有助于利用更广阔市场的机遇。
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引用次数: 0
The interplay of affirmative action and entrepreneurial culture: Understanding institutional privilege and exclusion in Malaysia 平权行动与创业文化的相互作用:了解马来西亚的制度特权与排斥
Pub Date : 2024-02-11 DOI: 10.1177/14657503241229689
Kautsar Ramli, Nick Williams
The aim of this article is to examine how enterprise policies aimed at supporting ethnic groups influence entrepreneurial activity. Drawing on qualitative interviews with entrepreneurs and policymakers in the emerging economy of Malaysia, we show that policy intended to close interethnic gaps in entrepreneurial activity instead serves to increase differences. Parallel institutional environments are formed through socially negotiated accomplishments and are influenced by institutional antecedents including affirmative action policy. These conditions created advantages (institutional privilege) for the targeted population but disadvantages (institutional exclusion) for those who are not targeted in the preferential policies. Tensions between privilege and exclusion impact on entrepreneurial activity, increasing inequalities of different parties. The article provides a number of theoretical contributions and practical implications for policy.
本文旨在探讨旨在支持少数民族的企业政策如何影响创业活动。通过对马来西亚新兴经济体的创业者和政策制定者进行定性访谈,我们发现,旨在缩小创业活动中种族间差距的政策反而会加剧差异。平行的制度环境是通过社会协商达成的成就形成的,并受到包括平权行动政策在内的制度先决条件的影响。这些条件为目标人群创造了优势(制度特权),但也为优惠政策的非目标人群创造了劣势(制度排斥)。特权与排斥之间的矛盾影响了创业活动,加剧了各方的不平等。文章提供了一些理论贡献和对政策的实际影响。
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引用次数: 0
The interplay of affirmative action and entrepreneurial culture: Understanding institutional privilege and exclusion in Malaysia 平权行动与创业文化的相互作用:了解马来西亚的制度特权与排斥
Pub Date : 2024-02-11 DOI: 10.1177/14657503241229689
Kautsar Ramli, Nick Williams
The aim of this article is to examine how enterprise policies aimed at supporting ethnic groups influence entrepreneurial activity. Drawing on qualitative interviews with entrepreneurs and policymakers in the emerging economy of Malaysia, we show that policy intended to close interethnic gaps in entrepreneurial activity instead serves to increase differences. Parallel institutional environments are formed through socially negotiated accomplishments and are influenced by institutional antecedents including affirmative action policy. These conditions created advantages (institutional privilege) for the targeted population but disadvantages (institutional exclusion) for those who are not targeted in the preferential policies. Tensions between privilege and exclusion impact on entrepreneurial activity, increasing inequalities of different parties. The article provides a number of theoretical contributions and practical implications for policy.
本文旨在探讨旨在支持少数民族的企业政策如何影响创业活动。通过对马来西亚新兴经济体的创业者和政策制定者进行定性访谈,我们发现,旨在缩小创业活动中种族间差距的政策反而会加剧差异。平行的制度环境是通过社会协商达成的成就形成的,并受到包括平权行动政策在内的制度先决条件的影响。这些条件为目标人群创造了优势(制度特权),但也为优惠政策的非目标人群创造了劣势(制度排斥)。特权与排斥之间的矛盾影响了创业活动,加剧了各方的不平等。文章提供了一些理论贡献和对政策的实际影响。
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引用次数: 0
期刊
The International Journal of Entrepreneurship and Innovation
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