Entrepreneurs Searching for Scalable Business Models: The Barriers of the Customer Development ProcessShow others and affiliations
2015 (English)In: Australian Centre for Entrepreneurship Research Exchange Conference 2015, 3-6 February 2015 Adelaide, South Australia: Conference Proceedings / [ed] Per Davidsson, Queensland, Australia: Exon Publications , 2015, p. 396-411Conference paper, Published paper (Refereed)
Abstract [en]
This paper identifies and analyzes barriers startups encounter when following the Lean Startup approach, i.e. the Customer Development process during the initial phase of identifying and validating a business model. In an action research setting, we mentored and interviewed eleven startups enrolled in a business development program called “Born Global” running 7-10 months. For the barrier prior experience, entrepreneurs who had previously encountered failure, had a long period of unsuccessful work, or had heard about Customer Development previously were more likely to follow the process. A main finding was that the entrepreneurs were busy and lacked time and/or money. Deeper reasons included team conflicts, lock-in to an earlier business model by means of a business plan and boards intent of following the old business plan. The lock-in to the old business model can be explained that several startups had gotten a first round of funding based on a flawed business plan.
Place, publisher, year, edition, pages
Queensland, Australia: Exon Publications , 2015. p. 396-411
Keywords [en]
Lean startup, customer development, real world entrepreneurs
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-30127ISBN: 978-0-646-93378-8 (print)OAI: oai:DiVA.org:hh-30127DiVA, id: diva2:890339
Conference
Australian Center for Entrepreneurship Exchange (ACERE) 2015, 3-6 February 2015, Adelaide Australia
Projects
Born Global2016-01-032016-01-032022-09-27Bibliographically approved