Friday, August 3, 2007

Startup Growth and Success: A Research

The success of a startup depends on many factors including location, talent, timing etc. Well, this is what I thought. But I came across a research done by Mukti Khaire, who is an assistant professor in the Entrepreneurial Management unit at Harvard Business School, which says that key to success for a startup might be some other factors. An E-mail interview "How Can Start Ups Grow?" is published by HBS Working Knowledge, which provides insights into the study conducted and success factors identified.

"For new ventures a lack of resources makes growth difficult to come by—just ask those nine out of ten fledgling firms that fail. Professor Mukti Khaire says the key may be in acquiring intangible resources such as legitimacy, status, and reputation."


Cheers

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