The survival of the fastest: Unveiling the determinants of Unicorns and Gazelles’ early success

IF 2 4区 管理学 Q3 MANAGEMENT
Matteo Cristofaro, Gianpaolo Abatecola, Federico Giannetti, Anastassia Zannoni
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引用次数: 0

Abstract

What are the determinants of Unicorns and Gazelles’ early success? This review article examines the factors that contribute to the success of Unicorns and Gazelles in their early life stage. Indeed, despite their unique characteristics and significant impact on the global economy, Unicorns and Gazelles have yet to be thoroughly examined in terms of their (exceptional) survival factors. To bridge this literature gap, we systematically reviewed 66 articles, comparing Unicorns' and Gazelles' survival determinants and proposing a conceptual framework for their life cycle. Attracted by the exceptional characteristics of these new ventures, such as the fast scalability provided by their business models, early investors play a key role in helping them overcome initial challenges. However, this reliance on investors presents a double-edged sword, as withdrawing their support can lead to significant disruptions. This understanding provides valuable insights for entrepreneurs, investors, and policymakers navigating the complexities of the start-up world, ultimately increasing the likelihood of venture success and achieving a champion status. By shedding light on these exceptional ventures, our study contributes to a more comprehensive understanding of the factors driving the survival dynamics of Unicorns and Gazelles.

最快者生存:揭示独角兽和瞪羚企业早期成功的决定因素
独角兽和瞪羚早期成功的决定因素是什么?这篇综述文章探讨了独角兽和瞪羚企业在其生命早期阶段取得成功的因素。事实上,尽管独角兽企业和瞪羚企业具有独特的特点,对全球经济产生了重大影响,但人们尚未对它们的(特殊)生存因素进行深入研究。为了弥补这一文献空白,我们系统地回顾了 66 篇文章,比较了独角兽和瞪羚的生存决定因素,并提出了它们生命周期的概念框架。受这些新企业的特殊性(如其商业模式提供的快速可扩展性)的吸引,早期投资者在帮助它们克服初期挑战方面发挥了关键作用。然而,这种对投资者的依赖也是一把双刃剑,因为撤走投资者的支持可能会导致重大的混乱。这种认识为创业者、投资者和政策制定者提供了宝贵的见解,帮助他们驾驭复杂的初创世界,最终提高创业成功的可能性,并获得冠军地位。我们的研究通过揭示这些特殊的创业企业,有助于更全面地了解独角兽和瞪羚企业生存动态的驱动因素。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.00
自引率
10.00%
发文量
36
审稿时长
71 days
期刊介绍: The Scandinavian Journal of Management (SJM) provides an international forum for innovative and carefully crafted research on different aspects of management. We promote dialogue and new thinking around theory and practice, based on conceptual creativity, reasoned reflexivity and contextual awareness. We have a passion for empirical inquiry. We promote constructive dialogue among researchers as well as between researchers and practitioners. We encourage new approaches to the study of management and we aim to foster new thinking around management theory and practice. We publish original empirical and theoretical material, which contributes to understanding management in private and public organizations. Full-length articles and book reviews form the core of the journal, but focused discussion-type texts (around 3.000-5.000 words), empirically or theoretically oriented, can also be considered for publication. The Scandinavian Journal of Management is open to different research approaches in terms of methodology and epistemology. We are open to different fields of management application, but narrow technical discussions relevant only to specific sub-fields will not be given priority.
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