A new study suggests that a business's long-term success depends on its founding conditions, rather than changing market environments. Businesses founded in dynamic environments with functionally diverse teams tend to survive environmental change through slower decision-making and increased creativity.
This book provides a comprehensive guide to navigating the challenges of entrepreneurship, offering insights from a multi-year research project. It shares lessons and strategies for identifying business opportunities, executing ideas, and adapting to environmental changes.
Research finds that using unconventional spellings can lead to decreased consumer trust and loyalty, but may have positive effects in contexts where consumers seek a memorable experience. The study suggests caution for firms launching new brands with unusual spellings.
A recent study published in the Strategic Entrepreneurship Journal found that diverse founding teams lead to longer survival in ventures facing increasingly uncertain environments. The research, conducted by Carnegie Mellon University and other institutions, revealed that functionally diverse teams are better equipped to handle high le...
A new study by the University of East Anglia found that large infrastructure projects can create lasting local impact when they offer place-based micro-enterprise training and employment support. The project, INCREASE VS, has helped over 4,500 participants start their own businesses and access work and education opportunities.
A recent study published in the Strategic Entrepreneurship Journal suggests that individuals speaking languages with strong future time references are more likely to engage in social entrepreneurship due to their mindset placing a strong value on immediate results. The researchers found that countries with weak rule of law and corrupti...
The five finalists of the Bright SCIdea Challenge will compete for a £5,000 prize by pitching their scientific business ideas that could benefit society. The project ideas include burn treatments and environmental calculators.
Research by University of Missouri expert Naresh Khatri shows that companies with effective HR and IT departments thrive when allowing employees to work from home. Employees can complete collaborative tasks with similar quality and quantity, regardless of location.
A new study from Copenhagen Business School suggests that second-generation immigrants' likelihood to become entrepreneurs is linked to their parents' cultural background. The research shows that entrepreneurship policies and programs could benefit from taking cultural context into account.
UK breweries adapted to the pandemic crisis by embracing urban locations and innovations, such as free same-day local delivery and tap takeovers. The research highlights the importance of community support and financial assistance in helping breweries survive.
Shuttle Revolution, a 2.5D badminton fighting game developed by Head Empty Studios, has won the top prize in the Tranzfuser competition. The team plans to continue developing the game with paid content and explore careers as indie devs.
Researchers explore the 'what to sell' question in companies, finding three primary drivers: technology market, firm capabilities, and marketing capabilities. This decision comes before the 'how to sell' question, influencing costs and revenue models.
A recent study by Mario Daniele Amore and Sebastian Schwenen found that firms that hire lucky CEOs experience declining results. Lucky CEOs possess greater bargaining power, leading to higher compensation and more attractive job assignments. However, this is associated with poorer company performance and slower growth.
A new study by Bayes Business School finds that spinouts benefit from some market overlap with their parent companies, but only up to a point. The degree of overlap can have positive effects on survival, but also sparks hostile actions and lowers chances of success.
A new study published in Strategic Entrepreneurship Journal found that more charismatic CEOs result in higher IPO prices and smaller offer price ranges. In contrast, humility among CEOs leads to uncertainty among investors and lowers IPO prices.
A new study from Iowa State University finds that more education increases self-employment rates in the US, particularly in high-growth industries. For women, additional years of education also boosts entrepreneurship by increasing their confidence, according to economists John Winters and Kunwon Ahn.
A new study found that IRS audits can lead to a significant decrease in the survival rate of small businesses, with non-compliant companies being 2.7-12.6 percentage points less likely to survive. However, compliant businesses may experience operational costs but also benefits from improved tax efficiency and increased investment.
Purdue University professor Klein Ileleji's startup JUA Technologies International aims to improve crop drying methods using a high-efficiency, smart solar dehydrator. The grant will support product-design improvements and manufacturing, enabling small growers to add value to their crops and increase income.
A new study by Bayes Business School found that co-working spaces can initially support collective exploration but ultimately inhibit collaborative practices. The study suggests that firms leave the space as interactions become less meaningful and stilted over time.
Women entrepreneurs tend to be more flexible and resourceful in their decision-making, leading to greater business success. This study found that women are more likely to use 'effectual logic,' which involves creatively using available resources to achieve success.
Researchers found that asking for a higher salary within an accepted range can lead to better results in salary negotiations. The study suggests that candidates should be prepared and make the first offer, but not exceed the upper limit of the acceptable range.
A new study from the University of Waterloo and Statistics Canada finds that inexperienced Canadian women entrepreneurs see more success when partnering with experienced men than women or going solo. The research highlights significant barriers faced by women in business, including negative stereotypes and limited access to financing.
A new MUSC initiative aims to increase the number of women entrepreneurs by offering coaching, mentoring, and training opportunities. The program will pair trainees with successful biomedical entrepreneurs, providing valuable role models and guidance. By addressing gender inequity in STEM fields, STEM-CREW seeks to advance the careers ...
Collaborations between firms with the same partner can hurt company success, but help employees develop social capital and advance their careers. Employees often benefit from these connections, which can lead to better job opportunities and skill development.
The University of Wisconsin Oshkosh will develop an open-source digital toolkit to enhance entrepreneurship resources, leveraging a $484,000 grant from the Ewing Marion Kauffman Foundation. The 18-month project aims to create tools and connections for university-based and entrepreneur-led economic development.
Rescue Biomedical's technology detects opioid overdoses and delivers naloxone to reverse them. The NIH grant will help the company complete milestones, including regulatory approval and scaling up manufacturing.
West Virginia University has been selected as a partner institution for the National Science Foundation's Innovation Corps Hub: Interior Northeast Region. The university will receive nearly $1 million to support entrepreneurship training for STEM researchers with deep tech innovations. The I-Corps program aims to expand innovation ecos...
Researchers identified 'data architecture' as crucial for successful digital transformation, finding that legacy systems hinder integration and adoption. A coherent data architecture enables firms to automate data processing, integrate large datasets, and develop machine learning models.
Researchers examine pricing and brand equity implications of brands selling on one-party versus third-party online platforms. Brands may increase unit sales but compromise brand perceptions, while 3P platforms provide full control over pricing and product presentation.
Researchers found that innovation imprinting, where firms establish product priorities and build market capabilities before going public, helps companies beat the post-IPO innovation slump. This strategy also attracts investors with risk preferences that support innovation.
A new study at the University of Eastern Finland shows that digital entrepreneurship requires building diverse networks, transparency, and courage to adapt. The research developed a digitalisation-driven networking model based on network and effectuation theory, offering insights for inexperienced digital entrepreneurs.
A new study reveals that overly enthusiastic product pitches can make investors suspect ulterior motives, while a more balanced approach may increase chances of securing funding. Entrepreneurs should aim for tempered passion rather than extreme energy when pitching to investors.
Researchers argue that people with dyslexia have specific strengths in exploring the unknown, which has contributed to their successful adaptation and survival as a species. This 'explorative bias' plays a crucial role in our ability to adapt to changing environments.
Researchers analyzed over 11,000 venture-backed startups and found that prior collaboration between venture capitalists predicts exit type, with firms with co-invested VCs more likely to be acquired. Conversely, those without prior collaborations are more likely to go public.
A novel contract proposed by UTD researchers could help alleviate key sources of conflict between restaurants and food-delivery platforms. The study found that standard contractual relationships have two key issues: simple revenue sharing and strain on restaurant operations.
A new study published in the Strategic Management Journal found that executive narcissism inhibits inter-unit knowledge transfer. However, when there is a high level of environmental complexity or dynamism, the negative effects of narcissism are reduced. In contrast, high inter-unit competition enhances the negative impact of narcissism.
A recent study by University of Eastern Finland explores how care ethics in social entrepreneurship benefits society as equally as profit margins. Practising care ethics in businesses enhances local communities' self-esteem and economic activity, while also addressing social structures that maintain poverty and exclusion.
A study by MIT economists finds that immigrants are 80% more likely to found a firm than native-born citizens. Immigrant-founded firms also have 1% more employees on average, contributing to a net gain in job availability. This challenges the common perception that immigrants fill jobs taken by U.S.-born workers.
The BlueSwell Incubator program provides $50,000 in funding and access to industry leaders to support startups focused on ocean sustainability solutions. Seven startups have graduated from the previous cohorts, collectively raising over $9.6 million dollars since joining the incubator.
Researchers found that negative online comments have little effect on brands with strong consumer relationships, while actually boosting purchase intentions in cases where reviewers are socially distant. Strong brand relationships and display of reviewer profiles are key to managing online reviews effectively.
Offline subscription platforms must consider the local market condition to succeed, with variety-seeking customers, differentiated vendor offers, and alleviated price competition being key factors. Platforms also have a dual relationship with vendors, collaborating on services while competing on prices.
New research published in Strategic Entrepreneurship Journal suggests that higher unemployment insurance benefits discourage entrepreneurship by disincentivizing business creation and discouraging people from transitioning out of unemployment. Removing profit deduction requirements could encourage more unemployed entrepreneurs to start...
A new survey conducted by Massachusetts General Hospital researchers reveals that medical students, residents, and fellows do not see themselves as innovators. The study identifies key impediments to innovation, such as limited time and energy, lack of physical resources, and expertise gaps, but also highlights potential solutions like...
A new study by Giada Di Stefano found that the Michelin Guide's arrival triggers changes in fine dining industry competitive dynamics. Restaurants modify their descriptions and pricing to signal awareness of value created for customers, with those already highly ranked emphasizing authenticity and exclusivity.
Yushan Yan, a University of Delaware engineering professor, has been recognized by the National Academy of Engineering for his contributions to sustainable chemical engineering and electrochemical systems. He is also an inventor on over 20 patents and founder of Versogen, a Wilmington-based startup.
A study published in The Journal of Finance and Data Science found that using machine learning to estimate reward and risk improves portfolio performance. Machine learning helps provide accurate estimates by taking advantage of complex non-linear relationships between market variables, outperforming linear methods.
The European Research Council has awarded €150,000 Proof of Concept grants to 166 researchers to bridge the gap between their pioneering research and early stages of commercialization. The funding aims to verify scientific concepts, explore business opportunities, or prepare patent applications in various fields.
In a nascent market, high-reputation underwriters choose low-quality IPO firms due to higher fees, while long-term reputation concerns are sacrificed. As regulations strengthen, their client-picking behaviors adapt, prioritizing high-quality firms over fee-driven choices.
A study by the University of Texas at Austin found that software development teams given greater autonomy are more productive and have higher customer satisfaction rates. The researchers tested 461 projects over 50 months and found a 39% increase in value added for autonomous teams compared to traditional teams.
A new study published in the Strategic Management Journal found that freemium marketing strategies can widen the revenue gap between market leaders and followers. The research used data from Apple's launch of Game Center to investigate how freemium strategies perform in markets with strong network effects.
The UTAComNav Program will provide veteran and military spouse businesses with entrepreneurship education, small business technical assistance, loan preparation, and access to capital. Ashten Simmons, a military spouse, will lead the program, aiming to reach underserved veteran entrepreneur communities and provide tailored support.
Researchers found that teams with autonomy to choose ideas or team members perform better than those without autonomy. Choosing ideas leads to a stronger match of interests and prior network contacts, boosting confidence and motivation. However, overconfidence can lead to complacency when too much autonomy is given.
Researchers found that individuals who evaluate investments at a time that conflicts with their natural internal clock tend to make poor choices, resulting in potential losses. The study suggests that matching one's circadian rhythm with investment timing can lead to more successful outcomes.
A NJIT-led team has received a $1.25 million grant to identify and eliminate barriers for women scholars in technology commercialization on university campuses. The team aims to increase diversity in STEM faculty researchers and entrepreneurs, particularly women and underrepresented groups.
A peer-reviewed study published in Life journal proves Reflex identifies biomarkers for concussions, enabling accurate clinical diagnosis and decision-making. The study, conducted by Purdue University, uses pupillary light reflex to measure concussion patients' recovery and prevent compounding injuries.
A Cornell University study finds that noncompete agreements disproportionately affect women entrepreneurs, blocking them from starting high-growth companies. The 'fear factor' associated with noncompetes also limits the ability of women to hire experienced employees, making entrepreneurial ventures riskier.
The National Science Foundation has awarded Penn State $1.5 million as part of the Mid-Atlantic NSF I-Corps Hub, enabling entrepreneurial training and research commercialization across the region. The hub will foster collaboration among eight universities to identify promising research and support diverse innovators.
The New England Aquarium has selected a new cohort of eight startup companies for the BlueSwell incubator program, focusing on early-stage entrepreneurship in bluetech. The program provides direct grants and mentorship to support scalable solutions enhancing ocean health and sustainable industries.
A collaboration led by Oregon State University aims to increase universities' societal impacts and inclusivity. The Promotion and Tenure, Innovation and Entrepreneurship (PTIE) Coalition recommends recognizing innovation and entrepreneurial achievements among university promotion and tenure criteria.
Dartmouth has received a $3 million NSF grant to increase its PhD Innovation Programs by 50% and develop new multidisciplinary pathways for STEM graduate students focused on entrepreneurship and research translation. The funding will support 19 additional graduate students and enhance the development of sensor technology applications.