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Articles Entrepreneurship

Overview of Success Prediction Models for New Ventures

Abstract:  An overview of 42 success prediction models for new ventures is presented. Major success factors are identified and a sequence of development of models is analyzed. A successful model pattern is identified containing industry structure, company strategy and interaction of strategy with structure. Alternative success prediction models are presented. A venture creation process and system models are analyzed. A new venture creation process model is proposed and utilized to analyze existing models. Common venture creation barriers and strategies to minimizing their impact on start-up companies are presented. Best practices for designing success prediction models are identified.

Authors: Yankov, B.