This paper presents an entrepreneurial optimal business plan in which optimal consumption and portfolio rules, and optimal exit strategy for an entrepreneur are jointly determined in the presence of undiversifiable idiosyncratic risk. We find that the entrepreneur is more likely to exit from her...

The phenomenon of the entrepreneurial university has received considerable attention in recent decades, since the entrepreneurial orientation of academia could put regions and nations at an advantage in areas of economic activity where the focus is on emerging knowledge. Empirical research on...

Lean startup and the idea of a business model have become popular in the context of startup experimentation, innovation and strategy. In this paper we discuss and critique the assumptions behind lean startup, specifically how the approach conceives of hypothesis development and startup...

Business model innovation is critical to firm survival and success. Digital revolution has reshaped value-creation methods in recent years, spawning various novel business models. However, we still have limited understanding of how a start-up's business model innovation efforts translate into...

Objective: This research aims to develop the constructs and to study the causal relationship between start-up entrepreneurship (SUE), disruptive business models (DBM), and firm performance (FPF) of start-ups in Thailand. Research Design & Methods: A quantitative research, a total of 186 samples...

Despite the increased focus on business model innovation in recent years, there are still major gaps in existing literature about the causes of innovation. Therefore, this study examines various factors impacting business model innovation. Researchers have highlighted that entrepreneurial...

The increasing digitalization of business activities in recent years has been a significant impetus to business model innovation. In this sense, we are witnessing the success of companies that base their businesses on the digital platform model. Therefore, the basic purpose of this paper is to...

Setting up and the development of a firm is a complex process which requires skills such as creativity, analysis, planning. The planning is the essence of a good management. It represents an objective based process which aims at the involvement and the commitment concerning the objectives,...

This paper proposes a new model of imperfect competition of ad-sponsored media, which can sell "free" products, for a merger analysis applicable to the mobile app industry. To analyze developers’ monetizing with both price and advertising in an app, we consider a consumer who faces both budget...