Kindly advise about the existing theories about survival/success of a new startup? Is the the success and survival of entrep.activity affected more by personal traits or is it relying more on environmental pillars of regulative/normative boundaries or is it all around the revenue/customers/growth phenomenon?
What are different methods to measure the success/survival of an entrepreneurial activity and also please share the research work done in past especially based on GEM-if any?
There is a lot to this question, and I am not even going to attempt to answer all of it. However, the survival of a new business idea, and the 'start-up' business that is going to introduce it, depends heavily on novelty, and identification of markets.
A product or service needs to meet the needs of the marketplace, and has to be delivered at a price that the market will bear. Most new products or services are incremental improvements on what is already out there, and therefore need to be able to compete in existing markets.
I understand disruption in innovation, but this is relatively rare - most new products and services are not truly disruptive.
Start-ups also need to identify their potential customer, and know how to reach them. Marketing and sales channels are therefore important. You may want to look at the Business Canvas model, and 'Rules for Revolutionaries' by Guy Kawasaki is also a good read about some of this.
There is also lots of research on personal traits of the entrepreneur, but it doesn't matter how tenacious and driven you are if there is no place for your product or service in the market, and/or you are delivering at an unrealistic price or to the wrong market segment.
I hope this helps to start the discussion...
http://www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed
Cash flow. Most common reason for business failure is lack of it.
Shahzad,
These two reports may help
https://www.researchgate.net/publication/305687139_Priority_policy_recommendations_for_transforming_individual_productivity_and_SME_competitiveness_in_Jamaica
https://www.researchgate.net/publication/299747565_Towards_a_talent-driven_outward-oriented_globally-competitive_SME_framework_Discussion_Paper
Technical Report Priority policy recommendations for transforming individual ...
Technical Report Towards a talent-driven outward-oriented globally-competitiv...
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