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"Volume 18 will focus on approaches to thinking about and creating the start-up. Both theoretical and empirical manuscripts that consider all aspects of start-up planning, thinking and action will be considered. We also encourage practice-based research and manuscripts that explore cutting-edge pedagogical approaches. The papers in Advances reflect many state-of-the-art topics and approaches, and are written by leading researches in the field, making each volume an important source of information for virtually all entrepreneurship researchers. One of the distinctive competences of research volumes such as Advances is that the chapters can be published without page restrictions allowing for greater detail in the background, development, and implementation of ideas than is possible in journal articles. This provides authors with the opportunity to fully express their key ideas, provide much more complete support, and include relevant multi-page appendices. In effect, the Advances series provides authors the opportunity to publish an "article of record" of their major theoretical or empirical ideas, and see it disseminated to a wide audience. "

"Dengan perkembangan teknologi, banyak perusahaan start up yang didirikan. Pada bulan November 2022 terdapat 2.400 perusahaan start up di Indonesia. Penelitian ini bertujuan untuk mengevaluasi strategi bisnis perusahaan start up dengan objek penelitian PT XYZ. PT XYZ bergerak di bidang industri makanan sehat. Penelitian ini merupakan penelitian studi kasus dengan metode penelitian kualitatif deskriptif. Penelitian ini menggunakan Business Model Canvas sebagai dasar teori dan alat untuk mengevaluasi strategi bisnis. Hasil penelitian menunjukkan bahwa PT XYZ menerapkan strategi broad differentiation strategy. Fokus strategi perusahaan saat ini adalah mempromosikan dan memperkenalkan produk kepada masyarakat. Strategi promosi tersebut berhasil meningkatkan penjualan, namun tidak mampu menghasilkan keuntungan karena besarnya biaya promosi. Terdapat beberapa kelemahan pada model bisnis PT XYZ. Penelitian ini memberikan beberapa rekomendasi perbaikan atas kelemahan tersebut. Penambahan segmen pelanggan dalam bentuk B2B berpotensi dapat mendatangkan sumber pendapatan baru dan memberikan keuntungan dalam hal promosi dengan menggunakan sumber daya perusahaan rekanan. Selain itu, penerapan lean accounting dapat diterapkan sebagai upaya efisiensi biaya.

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With the development of technology, many start-up companies have been established. In November 2022 there were 2,400 startups in Indonesia. This study aims to evaluate the business strategy of start-up companies with the research object PT XYZ. PT XYZ engaged in the healthy food industry. This research is case study research with descriptive qualitative research methods. This research utilized Business Model Canvas as a basic theory and tool to evaluate business strategy. The results showed that PT XYZ implemented a broad differentiation strategy. The current focus of the company's strategy is to promote and introduce products to the public. The promotional strategy succeeded in increasing sales, but was unable to generate profits due to the large cost of promotion. There are several weaknesses in PT XYZ business model that can be improved to be able to generate profits. Adding customer segments in the form of B2B can potentially provide new revenues and bring benefit in promotions using other company resources. Additionally, the application of lean accounting that focused on cost reduction must be carried out for cost efficiency."

"ABSTRAKPerusahaan rintisan, sebagai sebuah organisasi di awal masa fase hidupnya memiliki karakteristik yang berbeda dengan organisasi yang sudah dewasa. Karakter ini dapat dilihat dari dimensi organisasi, kepemilikan dan kepemimpinan, strategi dan inovasi serta finansial. Penelitian ini meneliti bagaimana karakteristik perusahaan rintisan di Indonesia dalam bidang fashion dan melakukan perhitungan AHP untuk mengetahui dimensi mana yang paling berpengaruh terhadap kesuksesan perusahaan rintisan bidang Fashion di Indonesia. Hasil penelitian menunjukkan bahwa faktor strategi dan inovasi merupakan dimensi yang paling berpengaruh terhadap kesuksesan sebuah perusahaan rintisan di Indonesia. Pemilihan strategi merupakan hal yang krusial . Penelitian ini memetakan strategi-strategi yang pernah digunakan oleh perusahaan rintisan bidang fashion di Indonesia. Metode yang digunakan adalah wawancara kualitatif. Hasil dari penelitian ini menunjukan bahwa strategi intensif dan diversifikasi merupakan dua strategi yang umum digunakan pada usaha rintisan di Indonesia.

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ABSTRACTStart up companies, as an organization in the early stage of its life cycle, have a very different characteristics with mature organization. These characteristics can be viewed from organization dimension, ownership dimension, strategy and innovation dimension, and financial dimension. This research learn about start up characteristic in Indonesia, especially in fashion industry and also do AHP step to determine which dimension is most relevant to start up success. The result shows that the stretegy and innovation is the most determinig dimension on start up success. Strategy choice is a crucial thing. This research maps the strategy that has been used in Indonesian fashion start up. The results are that intensive strategy and diversification strategy are the most used strategy in Indonesian Start Up "

"Sektor pertanian merupakan sektor dengan potensi besar di Indonesia, namun masih menghadapi tantangan seperti keterbatasan akses terhadap teknologi, pasar, dan pembiayaan serta adanya fenomena perubahan iklim. Start-up pertanian mulai muncul dengan mengembangkan inovasi untuk menjawab tantangan di sektor pertanian. Ide ini diterima oleh masyarakat dan pemerintah Indonesia sebagai solusi di sektor pertanian. Meskipun demikian, start-up pertanian menghadapi permasalahan dalam mengembangkan dan mempertahankan bisnisnya. Oleh karena itu, dibuatlah penelitian ini yang bertujuan untuk menganalisis faktor sukses kritis pada start-up pertanian di Indonesia. Penelitian diawali dengan mengidentifikasi faktor-faktor yang memengaruhi kesuksesan start-up pertanian, kemudian divalidasi menggunakan metode Content Validity Index (CVI) dan Modified Kappa. Penelitian ini menggunakan metode DEMATEL-ANP untuk menganalisis hubungan dan mendapatkan prioritas faktor sukses kritis. Total faktor yang didapatkan pada penelitian ini sebanyak 37 faktor dan 7 dimensi, dengan dimensi yang memiliki prioritas tertinggi adalah dimensi process dan faktor yang memiliki prioritas tertinggi adalah faktor digital data analytics. Hasil dari penelitian ini dapat digunakan untuk memberikan rekomendasi kepada pemilik bisnis dan stakeholder dalam menentukan kebijakan terkait faktor-faktor yang dapat diperhatikan untuk mendukung kesuksesan start-up pertanian di Indonesia.

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The agricultural sector holds significant potential in Indonesia, yet it still faces challenges such as limited access to technology, markets, and financing as well as the phenomenon of climate change. Agricultural start-ups are starting to emerge by developing innovations to answer these challenges within the sector. This idea has been accepted by both the Indonesian public and government as a solution for the agricultural sector. However, agricultural start-ups encounter problems in developing and sustaining their businesses. Therefore, this research was conducted with the aim of analyzing the critical success factors of agricultural start-ups in Indonesia. The research began by identifying factors that influence the success of agricultural start-ups, then validated using the Content Validity Index (CVI) and Modified Kappa methods. This study employs the DEMATEL-ANP method to analyze relationships and determine the priority of critical success factors. The total number of factors identified in this research is 37, across 7 dimensions, with the dimension having the highest priority being the process dimension, and the factor with the highest priority being digital data analytics. The results of this study can be used to provide recommendations to business owners and stakeholders in formulating policies related to factors that should be considered to support the success of agricultural start-ups in Indonesia."

"Pertumbuhan UMKM start-up di Indonesia makin meningkat dari tahun ke tahun. Hal ini didukung oleh berbagai kompetisi ide bisnis yang memberikan pelatihan dan monitoring pada UMKM start-up pemenang kompetisi. Sayangnya kebanyakan UMKM start-up yang muncul merupakan UMKM instan yang tidak mampu bersaing di pasar. Hipotesa awal terkait fenomena ini adalah kurang diperhatikannya proses R&D dalam pengembangan produk pada UMKM start-up.Penelitian ini dilakukan untuk mengetahui tingkat efisien kinerja R&D dari UMKM start-up pemenang kompetisi sebelum dan setelah mendapatkan pelatihan pasca kompetisi. Nilai efisiensi ini akan menjadi indikator, seberapa besar peran kompetisi ide bisnis dalam membantu UMKM start-up untuk meningkatkan kinerja R&D mereka. Pengukuran efisiensi dilakukan dengan mengintegrasikan model Balanced Scorecard (BSC) dengan Data Envelopment Analysis (DEA).Berdasarkan intregasi model BSC-DEA, pengukuran efisiensi dilakukan dalam 5 perspektif berbeda yaitu uncertainty perspective, learning and growth perspective, internal business process perspective, customer perspective, dan fnancial perspective.Hasil penelitian menunjukkan kinerja R&D UMKM start-up untuk masing-masing perspektif cenderung meningkat setelah memperoleh pembinaan, meski ternyata ada UMKM start-up yang efisiensinya justru menurun.

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Growth of SME start-up in Indonesia is increasing from year to year. This is supported by wide range of business ideas competition that provide training and monitoring of SME start-up winners. Unfortunately most of the SME start-up that appers is instant SME that can not compete in market. Initial hypothesis related to this phenomenon is the lack of attention to the process of R&D in product development of SME start-up.

This study was conducted to determine the level of R&D efficiency and product development performance of SME start-up winners of the competition before and after obtaining post-competition training. The efficiency value will be an indicator to determine how much the role of competition in helping SME start-up to improve their R&D performance. The measurement of efficiency achieved by integrating Balanced Scorecard (BSC) model with Data Envelopment Analysis (DEA) model.

Based on BSC-DEA model integration, the efficiency measurement carried out into 5 perspective, uncertainty perspective, learning and growth perspective, internal business process perspective, customer perspective, and fnancial perspective.

The result show that R&D performance for each perspective tends to increase after SME start-up obtaining post-competition training, although there was SME start-up that decrease their efficiency."

"Bertambahnya jumlah perusahaan start-up, khususnya financial technology (fintech), berdampak signifikan terhadap produk domestik bruto (PDB) nasional Indonesia sehingga berkontribusi terhadap pertumbuhan ekonomi. Namun, perusahaan rintisan teknologi lebih banyak gagal daripada berhasil. Studi menunjukkan bahwa start-up yang menerapkan prinsip lean menghasilkan lebih sedikit kegagalan daripada start-up yang menggunakan metode tradisional. Studi ini berupaya untuk mengelaborasi penerapan praktik umum dan tantangan kerangka kerja lean dalam pengembangan produk baru dari start-up berdasarkan tahapan pendanaan mereka menggunakan tinjauan literatur sistematis dan analisis kualitatif. Penulis menganalisis dua puluh delapan publikasi berdasarkan peringkat dan relevansinya, kemudian melakukan wawancara mendalam dengan dua belas informan dari enam start-up. Analisis penelitian mengelaborasi tiga framework implementasi lean start-up mulai dari vision, steer, dan acceleration yang masing-masing memiliki empat variabel yang berbeda. Studi ini mengungkapkan perbedaan mendasar antara masing-masing perusahaan start-up dalam mengimplementasikan lean framework saat mengembangkan produk baru dan masalah yang mereka hadapi. Penelitian tentang start-up lean ini diharapkan dapat digunakan sebagai panduan untuk mengimplementasikan lean start-up dalam pengembangan produk baru dengan mempelajari informasi yang diperoleh dari berbagai start-up berdasarkan tahapannya.

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The growing number of start-up companies, especially financial technology (fintech), has a significant impact on Indonesia’s national gross domestic product (GDP), contributing to economic growth. However, tech start-up companies fail more than succeed. Study shows that start-ups that apply lean principles result in fewer failures than start-ups that use traditional methods. This study endeavors to elaborate on implementing general practices and challenges of the lean framework in new product development from start-ups based on their funding stages using a systematic literature review and qualitative analysis. The author analyzed twenty-eight publications based on their ratings and relevance, then conducted in-depth interviews with twelve informants from six start-ups. The research analysis elaborates on three lean start-up implementation frameworks starting from vision, steer, and accelerate, each of which has four different variables. This study reveals fundamental differences between each start-up company in implementing the lean framework when developing new products and the problems they face. This research on lean start-ups is expected to be used as a guide for implementing lean start-ups in new product development by studying information obtained from various start-ups based on their stage."

"Penelitian ini membahas mengenai perusahaan modal ventura sebagai salah satu lembaga pembiayaan di Indonesia yang menjadi alternatif sumber pembiayaan bagi usaha yang sulit memperoleh pembiayaan konvensional salah satunya berasal dari bank. Salah satu kegiatan usaha perusahaan modal ventura adalah penyertaan saham yang menurut hukum Indonesia diwajibkan untuk dilakukannya divestasi pada jangka waktu tertentu. Dalam hal terdapat perusahaan modal ventura asing yang melakukan pembiayaan secara langsung kepada pihak pasangan usaha di Indonesia, tidak terdapat ketentuan divestasi. Mengacu kepada ketentuan tersebut, maka perusahaan modal ventura dalam negeri dirugikan dengan adanya kewajiban divestasi, sementara perusahaan modal ventura asing dapat dengan bebas menanamkan modalnya tanpa adanya kewajiban divestasi. Didalam prakteknya, khususnya kegiatan usaha dalam bidang platform e-marketplace, pembiayaan lebih banyak ditemukan oleh perusahaan modal ventura asing dibandingkan perusahaan modal ventura dalam negeri. Penelitian ini mengambil contoh salah satu perusahaan rintisan di Indonesia berbasis Platform E-Marketplace yaitu PT. Tokopedia sebagai salah satu perusahaan yang mendapatkan pembiayaan dari perusahaan modal ventura asing. Metode penelitian ini menggunakan metode penelitian yuridis-normatif.

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This study discusses the venture capital firms as one of the financing institutions in Indonesia which became an alternative source of financing for businesses that are difficult to obtain conventional financing as example one of them came from banks. One of the activities of a venture capital firms is equity participation which, according to Indonesian law, is required for divestment for a certain period of time. In case of a foreign venture capital firm financing directly to business partners in Indonesia, there is no divestment provision. Referring to these provisions, domestic venture capital firms are impaired by divestment obligations, while foreign venture capital firms can freely investing without divestment obligations. In practice, particularly business activities in the e marketplace platform, more financing is found by foreign venture capital firms than in domestic venture capital firms. This research takes the example of one of the e marketplace platform start up companies in Indonesia, PT. Tokopedia as one of the companies that get financing from foreign venture capital firm. This research method using juridical normative research method."