Serial entrepreneurs’ strategies for innovative business: A typology and assessment

In the context of uncertainty, the problem of insufficient economic involvement of the Russian population is becoming increasingly acute, and it should be resolved to stimulate the country’s technological development. At the same time, the state administration ignores the significant potential of se...

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Autores principales:	Pavel L. Glukhikh, Alla N. Golovina
Formato:	article
Lenguaje:	RU
Publicado:	Ural State University of Economics 2021
Materias:	serial entrepreneurship innovative business effectiveness company strategy a firm start serial entrepreneurial behaviour Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/e3bd31493a0045039cc51748e15c9775
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spelling	oai:doaj.org-article:e3bd31493a0045039cc51748e15c97752021-12-02T18:12:04ZSerial entrepreneurs’ strategies for innovative business: A typology and assessment10.29141/2218-5003-2021-12-5-62218-5003https://doaj.org/article/e3bd31493a0045039cc51748e15c97752021-11-01T00:00:00Zhttp://upravlenets.usue.ru/en/issues-2021/893https://doaj.org/toc/2218-5003In the context of uncertainty, the problem of insufficient economic involvement of the Russian population is becoming increasingly acute, and it should be resolved to stimulate the country’s technological development. At the same time, the state administration ignores the significant potential of serial entrepreneurs in setting up new companies. The paper assesses the strategies followed by serial entrepreneurs when creating innovative business and develops their typology. The theories of entrepreneurship and strategic management, as well as the concept of serial entrepreneurship constitute the methodological basis of the study. Among the research methods are retrospective, case and indicative analysis. The information base includes the data retrieved from the SPARK database on the activities of Russian technology entrepreneurs included in the TechUspekh-2019 ranking. The article provides a comprehensive definition of serial technology entrepreneurship embracing its two varieties – sequential and parallel entrepreneurship. Based on retrospective analysis, the authors formulate their own typology of strategies for setting up innovative companies by serial entrepreneurs: cross-sectoral non-technological and sectoral technological diversification, sectoral and cross-sectoral search (accumulation). We highlight the importance of establishing subsequent businesses and propose a set of methods for assessing the effectiveness of the strategies. The research results indicate that the strategy “From technological services to production” proves to be the most effective and beneficial in term of cumulative performance. The study empirically tests the assumption about high performance of serial technology entrepreneurs and provides the outcomes achieved by public authorities when introducing the developed recommendations to stimulate positive serial entrepreneurial behaviour.Pavel L. GlukhikhAlla N. GolovinaUral State University of Economicsarticleserial entrepreneurshipinnovative businesseffectivenesscompany strategya firm startserial entrepreneurial behaviourBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 12, Iss 5, Pp 84-95 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	serial entrepreneurship innovative business effectiveness company strategy a firm start serial entrepreneurial behaviour Business HF5001-6182 Finance HG1-9999
spellingShingle	serial entrepreneurship innovative business effectiveness company strategy a firm start serial entrepreneurial behaviour Business HF5001-6182 Finance HG1-9999 Pavel L. Glukhikh Alla N. Golovina Serial entrepreneurs’ strategies for innovative business: A typology and assessment
description	In the context of uncertainty, the problem of insufficient economic involvement of the Russian population is becoming increasingly acute, and it should be resolved to stimulate the country’s technological development. At the same time, the state administration ignores the significant potential of serial entrepreneurs in setting up new companies. The paper assesses the strategies followed by serial entrepreneurs when creating innovative business and develops their typology. The theories of entrepreneurship and strategic management, as well as the concept of serial entrepreneurship constitute the methodological basis of the study. Among the research methods are retrospective, case and indicative analysis. The information base includes the data retrieved from the SPARK database on the activities of Russian technology entrepreneurs included in the TechUspekh-2019 ranking. The article provides a comprehensive definition of serial technology entrepreneurship embracing its two varieties – sequential and parallel entrepreneurship. Based on retrospective analysis, the authors formulate their own typology of strategies for setting up innovative companies by serial entrepreneurs: cross-sectoral non-technological and sectoral technological diversification, sectoral and cross-sectoral search (accumulation). We highlight the importance of establishing subsequent businesses and propose a set of methods for assessing the effectiveness of the strategies. The research results indicate that the strategy “From technological services to production” proves to be the most effective and beneficial in term of cumulative performance. The study empirically tests the assumption about high performance of serial technology entrepreneurs and provides the outcomes achieved by public authorities when introducing the developed recommendations to stimulate positive serial entrepreneurial behaviour.
format	article
author	Pavel L. Glukhikh Alla N. Golovina
author_facet	Pavel L. Glukhikh Alla N. Golovina
author_sort	Pavel L. Glukhikh
title	Serial entrepreneurs’ strategies for innovative business: A typology and assessment
title_short	Serial entrepreneurs’ strategies for innovative business: A typology and assessment
title_full	Serial entrepreneurs’ strategies for innovative business: A typology and assessment
title_fullStr	Serial entrepreneurs’ strategies for innovative business: A typology and assessment
title_full_unstemmed	Serial entrepreneurs’ strategies for innovative business: A typology and assessment
title_sort	serial entrepreneurs’ strategies for innovative business: a typology and assessment
publisher	Ural State University of Economics
publishDate	2021
url	https://doaj.org/article/e3bd31493a0045039cc51748e15c9775
work_keys_str_mv	AT pavellglukhikh serialentrepreneursstrategiesforinnovativebusinessatypologyandassessment AT allangolovina serialentrepreneursstrategiesforinnovativebusinessatypologyandassessment
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Serial entrepreneurs’ strategies for innovative business: A typology and assessment

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