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Time-to-market forecast accuracy in Nanotechnology: Do start-up and industry experience matter?

Kippers, B.J. (2019) Time-to-market forecast accuracy in Nanotechnology: Do start-up and industry experience matter?

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Abstract:The current economy is changing fast which makes that accurate time-to-market expectations become more important. This study aims to find out to what extent the entrepreneur’s experience has an influence on the accuracy of time-to-market expectations made by venture capital backed Nanotechnology startups. Literature showed that industry experience and start-up experience are related with forecast performance which makes them interesting independent variables for this study. This research is performed with participants from a dataset of a NanoNext project which consists of venture capital backed Nanotechnology startups. From there on the necessary data is collected and a survey is conducted under the participants. Of the 22 start-ups, only 9 start-ups were able to reach the market within their expected time-to-market. A significant association was found between start-up experience and the accuracy of time-to-market expectations. However, there was no association between industry experience and the accuracy of time-to-market expectations. The results are controlled with the variables: age, educational level and sex. Because of the lack of variation within the dataset, educational level and sex could not be taken into account. There is no significant association found between age and the accuracy of time-to-market expectations. It would be interesting if future research could extend this research with a bigger sample size. Besides that, this research design could be applied on a different sector in future research as well.
Item Type:Essay (Bachelor)
Clients:
Golden Egg Check, Enschede, The Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/78606
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