We are assessing an entrepreneurial program and would like to assess the performance of the companies enrolled in it. Do you know of an academic tool to measure performance in new firms (start ups, entrepreneurs)?
Manuela:
The link below gives answers to a similar question in RG that can be useful to your question.
Best regards,
Debra
https://www.researchgate.net/topic/startups?ev=tp_pst_dtl_xkey
It's not clear (at least to me) what you mean by an "academic tool" to measure startup performance. The answer depends on what outcome or outcomes you are trying to model. For example, is the outcome survival? is it growth? other? If you're interested in growth, take a look at my 2010 publication in Organizational Research Methods for a couple of examples (employees, ROA, etc.).
Article Modeling Levels and Time in Entrepreneurship Research An Ill...
I recommend you Company Innovative Leadership Model. Look at the attachment. In less than two months I will be able to provide you an article with concrete example how the method could be applied for particular sector/data set.
Article Company Innovative Leadership Model
The survival for any start up is critical and therefore it is important to take a holistic view and try to identify that what all activities currently undertaken can be categorised as contributing to economic, social and environmental sustainability and continue with those activities and try to eliminate the ones that are not sustainable. We have tried to introduce this in our article Harnessing latent sustainability. PDF is available if you Google for it. All the best
Dear Manuela
In these two papers is measured increasing entrepreneurial intentions through a university training program . Some students were entrepreneurs.
Best Regards
Hello Manuela
LIv Kirsten Jacobsen created an explaining model for the success in entrepreneurship (http://www.diss.fu-berlin.de/diss/servlets/MCRFileNodeServlet/FUDISS_derivate_000000001121/00_jacobsen.pdf?hosts=). We implemented it in companies. Conference article with a case study could be provided upon request.
Or you can use also The Ooghe-Joos-De Vos Failure Prediction Models
Best regards
Please give a read to the our paper in the relating chapter. Here you can find some literature and some evidences used in our theoretical framework
Conference Paper IP Strategies in Academic and Corporate Spin-Offs: a theoret...
Thanks a lot for all your answers. The question was posted because we are undergoing a research to test how the composition of an entrepreneurial team influences their business performance.
Even though performance measures are deeply studied, we have found it hard to decide how to measure performance in a recently started business. We decided not to measure the more traditional variables, e.g. sales, benefits, because we considered these are not the inmediate goals at any entrepreneurial activity. We discussed about measuring the business survival, but then you just have a dichotomical result, which is obviously not enough.
So, after reading a lot of theoretical work, we thought we needed some measuring tool that considered a set of variables such as the achievement of the goals of the entrepreneurial team, the creation of jobs, the potential of the business itself, the development of social capital,...
We will read all your suggestions carefully and will post here our final decision.
Thank you again for all your help!
I agree with you that economic and financial indicators hardly can describe the real performance of a new business, first of all because in the first years it is quite impossible to register significative turnovers. In particular, I would call your attention to the peculiarities of the technological field in which the new venture operates and that could affect also the nature of the indicators that you will chose (e.g.: employment level can vary from a labour intensive to a non labour intensive industry and moreover the creation of jobs is not a goal for managers). Furthermore, literature indicates intangible indicators like predictors for their growth, like R&D expenditures, so probably you could consider also this aspects in order to define your tool.
Look at how I tried to measure innovation performance and capability is a concrete sector.
Article Measuring the Bulgarian IT Sector Innovations Capabilities T...
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