Researchers from George Washington University Report on Findings in Innovation (Managing risk in the formative years: Evidence from young enterprises in Europe)
By a News Reporter-Staff News Editor at Journal of Technology -- Data detailed on Innovation have been presented. According to news reporting originating from Washington, District of Columbia, by VerticalNews correspondents, research stated, "This paper empirically investigates aspects of risk management in young small enterprises' effort to survive and grow. We use a new dataset on several thousands small businesses in their 'formative age' (2-8 years old) in 10 European countries and 18 sectors."
Our news editors obtained a quote from the research from George Washington University, "Firms across all types of sectors use internal risk mitigation strategies to manage technology risk and operational risk. Financial risk is managed by tapping formal and informal networks. Market risk appears less amenable to internal management action. Formal network participation (strategic alliances) is a strategy cutting across all kinds of risk with the exception of operational risk. Firms in knowledge-intensive sectors (high-tech manufacturing and RIBS) engage in risk management activities more extensively."
According to the news editors, the research concluded: "Firms led by more educated entrepreneurs and/or operating in demanding volatile markets tend to network more and to use internal risk mitigation strategies more extensively."
For more information on this research see: Managing risk in the formative years: Evidence from young enterprises in Europe. Technovation, 2014;34(8):454-465. Technovation can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Technovation - www.elsevier.com/wps/product/cws_home/422925)
The news editors report that additional information may be obtained by contacting Y. Kim, George Washington University, Dept. of Econ, Washington, DC 20052, United States.
Keywords for this news article include: Washington, Innovation, United States, District of Columbia, North and Central America
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