Overview

This book explores how the U.S. has been in the throes of a startup revolution, fueled by a risk-taking culture. There has been a growth of young startup from 1994, accelerating after 2010 through the present day. Most entrepreneurial activity is in the professional and business services sector, which comprises technical services as well as research and development. However, new establishments face a low survival rate, suggesting that starting businesses is not the problem, sustaining their development and growth is the principal challenge. A paradox is presented by the simultaneous presence of declining labor force participation rate among prime working age adults, a decrease in productivity growth rates in the past decade and a startup revolution. There are five native skills that are acquired by experience rather than formal education: resourcefulness, practical intelligence, over-optimism and personal initiative. These are built on a foundation of attributes that form the culture of risk-taking and decision-making. Underlying values and beliefs include collaboration, openness to new ideas, an awareness of the environment and the needs of people in your radius of interaction. A strongly embedded community forms the essence of entrepreneurial culture, and its values cannot be taught, they must be learned through experience.  

Full Product Details

Author:   Swati Bhatt
Publisher:   Springer International Publishing AG
Imprint:   Palgrave Macmillan
Edition:   1st ed. 2022
Weight:   0.457kg
ISBN:  

9783031114946

ISBN 10:   3031114949
Pages:   233
Publication Date:   28 October 2022
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

​Preface  Abstract  Table of Contents  List of Figures  Part I: Chapter 1: Introduction i. What is a startupii. Connectivityiii. Cynicism and mistrust of government institutions and state authorityiv. The new world of 2021 – 2022v. Entrepreneurship and communityvi. The Planvii. The Backdrop: A short survey of related current researchviii. Bibliography Chapter 2: Business dynamism over 1994-2020 i. Young versus mature startupsii. Scale of startupsiii. Kauffman Foundation dataiv. Tax and administrative datav. The mobility versus the desktop digital revolutionvi. Data Mapvii. Bibliography Chapter 3: Desktop vs mobility revolutions at the state level 48i. Timeii. Geographyiii. Time and Geographyiv. The Mississippi Riverv. The Southern Region and the rising star of Georgiavi. The NUWMICsvii. Resilienceviii. Weak Northeastix. District of Columbia and Hawaiix. State level illustrationsxi. Bibliography Chapter 4: The impact of the Great Recession 68i. The turnaround statesii. Correlation between the two periodsiii. Per capita resultsiv. The unique nature of resilient statesv. Bibliography Chapter 5: The mature startups 77i. Mature startup survivalii. The delay hypothesisiii. State level descriptionsiv. Per capita resultsv. Acquisition by behemoths or absence of support architecturevi. Industries and sectorsvii. State-by-industry portraitviii. Taxationix. Bibliography Part II: Chapter 6: Is it about technology?  i. The technologiesii. Putting it all togetheriii. Idiosyncratic aspects of statesiv. Sizzling patent is not a startupv. Clarity about the product and customer feedbackvi. The demand side – awareness of a problemvii. Scaling and rapid cost escalationviii. Unintended effects of rapid scalingix. Cooperation and the human-centered Anthropocenex. Costs of coordinationxi. Appendix – McKinsey Technology Forecast and MIT Review TechnologyForecastxii. Bibliography Chapter 7: The entrepreneurial culture i. Not about financeii. Not the gold rush modeliii. Connectednessiv. Consensual disagreementv. Asynchrony and noisevi. Accelerators and the support architecturevii. Scaling, againviii. Bibliography Chapter 8: Gender, education, race and ethnicity i. Age, experience and the undefined factor - the two paradoxesii. Genderiii. Educationiv. Entrepreneurship skillsv. Race and Ethnicityvi. Bibliography Chapter 9: The big quit: reimagining lifestyles i. Quitsii. The demographicsiii. The state trendsiv. The pandemicv. The governmentvi. Bibliography Chapter 10: Culture, society and government: i. A broader perspective – communitiesii. Policy and entrepreneurshipiii. My takeiv. Bibliography Appendix: i. Data Sourcesii. Business Employment Dynamicsiii. Statistical Details

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Author Information

Swati Bhatt received her Ph.D. in Economics from Princeton University in 1986 and has been a faculty member there since 1992. Her research interests include the economics of digitization and industrial organization with a focus on the technology industry. Bhatt was also a research economist at the Federal Reserve Bank of New York (1985-1990) and taught at New York University's Stern School of Business (1990-1992). Her publications include: How Digital Communication Technology Shapes Markets (2017) and The Attention Deficit: Unintended Consequences of Digital Connectivity (2019).

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