Innovation and change in new ventures
This paper examines the innovativeness of nascent and young entrepreneurial firms in Australia. Findings of interest in this paper include:
• The vast majority of new ventures offer some degree of innovation in some aspect of their business, be it the product, the process, their market selection or their marketing approach.
• With close to 75 per cent claiming they do more than taking mere imitations to the market, novelty in the product/service is the type of innovation most commonly offered by start-up firms.
• The innovativeness of start-ups varies by industry. Construction start-ups stand out as particularly low in innovation across all indicators, while Manufacturing stands out the most in the positive direction.
• Team start-ups other than spouse teams have higher novelty, as do ventures started by founders with prior start-up experience.
• There is no association between the founders’ level of education and the novelty of the ventures they (try to) create.
Impact and interest:
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|Additional Information:||Prepared for the Department of Industry|
|Keywords:||Entrepreneurship, Nascent Entrepreneurship, Business Start-Up, New Venture Creation, Business Creation in Australia, Australian Entrepreneurship, Entrepreneur Statistics, Innovation, Technology, Business Adaptation, Venture Creation Process, Comprehensive Australian Study of Entrepreneurial Emergence, CAUSEE, Per Davidsson, Scott Gordon, ACE report|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
|Divisions:||Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
|Copyright Owner:||Copyright 2013 The author(s)|
|Deposited On:||18 Nov 2013 00:40|
|Last Modified:||02 Jun 2015 21:55|
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