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Success Factors of Startups in Research Literature within the Entrepreneurial Ecosystem

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  • Javier Sevilla-Bernardo

    (Graduate School, Universidad Nacional de Educación a Distancia UNED, Bravo Murillo 38, 28015 Madrid, Spain
    ESIC Business & Marketing School, Avda. Juan XXIII 12, 28223 Pozuelo de Alarcón, Madrid, Spain)

  • Blanca Sanchez-Robles

    (Department of Economic Analysis, Universidad Nacional de Educación a Distancia UNED, P. Senda del Rey 11, 28040 Madrid, Spain)

  • Teresa C. Herrador-Alcaide

    (Department of Business and Accounting, Universidad Nacional de Educación a Distancia UNED, P. Senda del Rey 11, 28040 Madrid, Spain)

Abstract

What are the most important factors for the success of a startup? This study aims to shed light on this issue through the statistical analysis of a bibliographical sample of 60 recent articles. Through a detailed study of the selected literature, but from the perspective of business experience, we have identified the comparative relevance of those factors that recent research has highlighted as the main drivers of start-up success. Our analysis allows us to define a core of seven practical business success factors supported by the academic literature (Core-7 SF). This core makes it possible to identify the intersection between success in business practice and academic research. Our Core-7 SF shows that the most important variable to predict the success of a start-up is the Idea, followed by the CEO’s Leadership, the Business Model, the Marketing approach, and the Entrepreneurial Team. In addition, we found some differences between the geographic areas of affiliation of the authors, suggesting that cultural characteristics influence the weight given to the various reasons for success.

Suggested Citation

  • Javier Sevilla-Bernardo & Blanca Sanchez-Robles & Teresa C. Herrador-Alcaide, 2022. "Success Factors of Startups in Research Literature within the Entrepreneurial Ecosystem," Administrative Sciences, MDPI, vol. 12(3), pages 1-24, August.
    • Handle: RePEc:gam:jadmsc:v:12:y:2022:i:3:p:102-:d:886387
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    References listed on IDEAS

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    Cited by:

    1. Jesús Fernando Bejarano Auqui & Adriana Ruiz Berrio & Raúl Rodríguez Antonio & Beatriz Estefany Aguado, 2022. "The Entrepreneurial Ecosystem in the Eastern Cone of Lima as a Predictor of Competitiveness and Sustainable Development," Administrative Sciences, MDPI, vol. 13(1), pages 1-21, December.
    2. Disha Gulia & Sapna Arora & Akriti Sharma, 2024. "Modeling the factors of business incubation from incubatee perspective using TISM and MICMAC approach," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-20, December.
    3. Byunguk Lee & Boyoung Kim & Ureta Vaquero Ivan, 2023. "Enhancing the Competitiveness of AI Technology-Based Startups in the Digital Era," Administrative Sciences, MDPI, vol. 14(1), pages 1-15, December.

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