Conceptualizing the Venture Creation Process of Non-Technology-Based Small Enterprises

Key Points

• The study aims to recognize non-technology-based small enterprises as independent innovators and to establish policy foundations for their growth.
• Utilized Katz and Gartner's framework of four characteristics of new organizations: intentionality, resources, boundaries, and exchanges to map growth policies.
• Analyzed the venture creation process stages of small enterprises focusing on non-technical resources such as customer engagement, services, and local context.
• Identified that the venture creation process for non-technology-based enterprises mainly revolves around non-technical resources.
• Current growth policies support activities through financial resource provision and online channel assistance but show indirect support for aspects like intentionality and boundary formation.

Abstract