Bachelorarbeit, 2009
53 Seiten, Note: 1,7
This thesis aims to explore the factors contributing to the success of newly founded firms. It examines various theoretical frameworks and empirical evidence related to personal, firm-specific, and environmental factors that influence business survival. The research delves into the complexities of entrepreneurship and seeks to identify key drivers of success in the early stages of business development.
The introduction lays the groundwork for the thesis by outlining the research topic and the importance of understanding factors contributing to the success of newly founded firms. The second chapter focuses on central terminology, defining key concepts such as business success, business failure, and classifications of newly founded firms. The third chapter explores various theoretical frameworks and empirical evidence related to personal, firm-specific, and environmental factors influencing firm survival. The chapter examines theories such as human capital theory, social capital theory, transaction cost theory, learning theory, and organizational ecology theory, presenting a comprehensive overview of the existing literature. The fourth chapter critically reviews the success factor research, highlighting both its strengths and limitations. The final chapter, which is not included in this preview, provides concluding remarks and insights into future research directions.
The main keywords of this thesis are: newly founded firms, business success, business failure, personal factors, human capital theory, social capital theory, firm-specific factors, transaction cost theory, learning theory, environmental factors, organizational ecology theory, success factor research, empirical evidence.
New firms often suffer from a "liability of newness," including a lack of established routines, limited resources, and the challenge of competing with established market players.
Success determinants are generally classified into three categories: personal factors, firm-specific factors, and environmental factors.
Human Capital Theory suggests that the education, experience, and skills of the founder significantly increase the chances of a new firm's success and survival.
Social Capital refers to the networks and relationships of the entrepreneur, which provide access to resources, information, and support vital for the early stages of a firm.
This theory examines how environmental conditions and the "density" of similar organizations in a market impact the birth and death rates of firms.
Inconsistencies often arise from different success measures, biased samples, inappropriate analytical methods, and a lack of a unified theory-driven approach in research.
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