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A BUSINESS STARTUP (CHARACTERISTICS: (AIM:, GROWTH, CONTEXT, INNOVATION,…
A BUSINESS STARTUP
DEFINITION
:
A start-up
is an enterprise
Formed to search for a repeatable and scalable
business model
The Startuppers
are usually young and who are looking for funding
CHARACTERISTICS:
AIM:
GROWTH
CONTEXT
INNOVATION
RISK
FUNDING
AIM:
Startups
is to either disrupt the market
They have an aim to became a
larger
company
GROWTH:
it is looking to prove its own
business
model
have a significant impact on the
current
market
CONTEXT
:
Startups are design to
situations
of extreme uncertainty
The steps are needed for the
success
of the start - up
forming a company culture that delivers results
creative employees
coordinating the activities
RISK
is unknown, it may be inherent to the
idea
not on the merely financial
FUNDING
Depending on the
success of business model
That receive additional fundings from
Ventures Capitalists
Who has invested becomes a co-owner of the company
INNOVATION:
AMAZON - DROPBOX
Many
startups
do not innovate
all in terms of product offered
Innovation is at the heart of the company's success