Essays on Relationship between Entrepreneurship, Innovation and Performance Assignment

Download full paperFile format: .doc, available for editing

The paper "Relationship between Entrepreneurship, Innovation, and Performance" is a wonderful example of an assignment on management. Entrepreneurship and innovation have widely flourished and grown in recent years (Parnell and Lester 2007, p. 75). This paper tells that the face of entrepreneurship has changed as companies do not just involve in entrepreneurial activities but also funds startups and individuals entrepreneurs who have the potential for success. Therefore, drawing from Crunchbase and other literature, this paper will identify and review of 10 venture-capital-backed startups that are pursuing high potential leading-edge entrepreneurial opportunities in the marketplace.

Some of the startups that will be discussed include WhatsApp, Business Insider, Google Ventures, TransGaming, LinkedIn, Otto, Sequoia Capital, Triangle Peak Partners, True Ventures, and CrunchFund. WhatsApp Description of the business and the funding secured by the venture As the paper outlines, CrunchBase described WhatsApp Messenger as the cross-platform, freeware, and an instant messaging app that is developed for smartphones (AlAbdullah, Paivenen & Kline 2016). However, WhatsApp now works on desktops. Statt (2016) pointed out that WhatsApp Inc is a company that was started in 2009 in California, US, and has grown significantly and now has more than one billion subscribers.

The author of the paper states that in 2014, WhatsApp Inc was bought by Facebook Inc for roughly US$19.4 billion. As a start-up, the venture secured funding from one investor worth $60.25M (AlAbdullah, Paivenen & Kline 2016). Sequoia Capital which was the lead investor agreed to fund the WhatsApp project in three rounds. Market opportunity The author argues in a well-organized manner that despite internet messaging existing in other platforms like Facebook and Twitter, no company has developed an instant messaging where people could communicate in real-time.

Therefore, WhatsApp was created to fill the gap in the market (Brem 2011, p. 7).

References

Abdallah, A 2014, Implementing quality initiatives in healthcare organizations: drivers and challenges, International Journal of Health Care Quality Assurance, vol.27, no.3, pp.166 – 181.

AlAbdullah, A., Paivenen, P & Kline, A 2016, WhatsApp, Crunchbase.

Braz, I., Fawkes, P & Bettenhauser, C 2016, Business Insider, Crunchbase.

Brem, A 2011, Linking innovation and entrepreneurship; literature overview and introduction of

a process-oriented framework, International Journal of Entrepreneurship and Innovation Management Vol.14, pp.6-15.

Chathoth, P. K 2007, The Impact of Information Technology on Hotel Operations, Service

Management and Transaction Costs: A Conceptual Framework for Full-Service Hotel Firms, International Journal of Hospitality Management, vol.26, no.2, pp.395-408.

Crunchbase Staff 2016, TransGaming, Crunchbase.

Crunchbase 2016, CrunchFund, Crunchbase.

Euromonitor 2013, Car Rental in the United Kingdom. Viewed 20 February 2017 from

http://www.euromonitor.com/car-rental-in-the-united-kingdom/report

Klich, T.B 2015, VC 100: The Top Investors in Early-Stage Startups, Entrepreneur Media, Inc.

Kotler, P & Armstrong, G 2014, Principles of Marketing, Pearson Education, Inc.

Mahmood, I 2013, Influence and Importance of Cinema on the Lifestyle of Educated Youth: A

study on University Students of Bangladesh, IOSR Journal of Humanities And Social Science, vo.17, no.6, pp. 77-80.

Ndubisi, N.O & Iftikhar, K 2012, Relationship between entrepreneurship, innovation and

performance, Journal of Research in Marketing and Entrepreneurship, vol.14, no.2, pp.214–236.

Page, V 2015, How WhatsApp Makes Money, Investopedia.

Parnell, J.A & Lester, D.L 2007, Reevaluating the Entrepreneurship-management

Conundrum: Challenges and Solutions, Journal of Applied Management and Entrepreneurship, vol.12, no.4, pp.74–77.

Peng, M.W 2012, Global strategy, 3rd Ed, Cengage Learning, London.

Salman, A, Ibrahim, F., Abdullah, M.Y.H, Mustaffa, N & Mahbob, M. H 2011, The Impact

of New Media on Traditional Mainstream Mass Media, The Innovation Journal: The Public Sector Innovation Journal, vol.16, no.3, pp. 1-10.

Schonfeld, E 2009, The Google Ventures Cheat Sheet, TechCrunch.

Statt, N 2016, WhatsApp has grown to 1 billion users, The Verge.

Vrcek, L, Ewers, P, Khunt, D & Hyatt, J 2016, True Ventures, Crunchbase.

Waldthausen, V.P, Waurick, F & Salk, Z 2016, Otto, Crunchbase.

Wesolowski, P 2014, Melding a multi-generational workforce: Communication technology is

part of the problem – and the solution, Human Resource Management International Digest, vol. 22, no.2, pp.33–35.

Zadeh, M.E, Manzella, M.A, Antonini, A & Billi, R 2016, LinkedIn, Crunchbase.

Download full paperFile format: .doc, available for editing
Contact Us