Details

Autor(en) / Beteiligte

• Tran, Hien Thi
• Nguyen, Dat Quoc
• Hoang, Hoan Dong

Titel

Succeed or fail? A case study of new ventures in Hanoi, Vietnam

Ist Teil von

• Journal of International Economics and Management, 2021-12, Vol.21 (3), p.47-72

Ort / Verlag

Hanoi: Foreign Trade University

Erscheinungsjahr

2021

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• This paper explores factors of success/failure of new ventures in a startup hub city in an emerging country. The study uses the data from 27 personal interviews with local entrepreneurs in Hanoi, Vietnam. The business model, financial capital, human resources (i.e., human capital, social capital, psychological capital, cultural capital), technology, and the entrepreneurial orientation (i.e., innovative, problem-solving, risk-taking, and proactive) emerge as the factors of success/failure of an entrepreneurial venture. Interestingly, technology is important but not as critical to the business model for the success of new ventures; and proactiveness but not autonomy is also a crucial success factor. The role of cultural capital is also an important input to the model. From the findings a conceptual model of success/failure factors of entrepreneurial ventures is developed and the implications are discussed.