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Littera Scripta

ISSN (online): 1805-9112

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The Nature of Startup Development: Concepts, Theories, Trends, Conditions

Alla Kasych1*, Aliaksandr Amelyaniuk2

  1. Kyiv National University of Technologies and Design, Kyiv, Ukraine
  2. Brest State Technical University, Brest, Belarus

* Corresponding author.

Abstract

The article investigates topical issues of startup development through the prism of the possibility of implementing the entrepreneurial activity. The basis of the study was the generalization of the development of the theory of startups through the prism of the theory of management, entrepreneurship, innovation, and theory of organizations. Understanding the nature of startups allows us to determine the conditions for intensifying their development. The article also systematized the existing methods of analyzing the effectiveness of startups. The main trends in the development of the startup movement in different regions and countries of the world were identified based on the analysis of the international experience of startups. The article also researches the interaction between startups and corporations in the context of advantages for both parties. It is emphasized that an essential condition for the development of startups is the formation of the entrepreneurship ecosystem.

Keywords:startupbusinessentrepreneurial activityindicatorscomplex process

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