The Conceptual Foundations of Startups: their Essence and Classification
Journal Title: Бізнес Інформ - Year 2016, Vol 8, Issue
Abstract
The article explores the essence of startups as a specific organizational structure. The existing theoretical approaches to defining startups have been analyzed and their characteristics have been allocated. An author's own definition of startup as a temporary organization with high intellectual potential, designed to build a sustainable, scalable business model by implementing some new ideas in the form of an innovative product has been proposed. A comparative characteristics of startups and small business enterprises has been carried out. It has been displayed that differences between these organizational structures relate to the level of product innovation, sectors of activity, trajectory of successful development, growth rate, ability to scalability of business model, market impact, infrastructure, investment sources and scope of activities. The available scientific data regarding the classification of startups have been generalized.
Authors and Affiliations
Natalia Sytnik
Keywords
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