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Knowledge-Based Service (KBS) Opportunities to Contour Startup Into a Scalable Enterprise

Author

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  • Deepak Yadav

    (HBTU, Kanpur, India)

  • Niladari Das

    (Indian Institute of Technology (Indian Schools of Mines), Dhanbad, India)

  • Paritosh Tripathi

    (Indian Institute of Technology (Indian Schools of Mines), Dhanbad, India)

Abstract

The essential transition step from a startup to a sustainable organization in early-stage entrepreneurs is very crucial. The four stages in the life cycle of an entrepreneurial venture consists of ideation, transition, scaling-up, and growth/exit and is efficiently done by knowledge-based services (KBS). The founding team faced the key challenges which emphasize assessment, validation, and enhancement of the business concept. KBS is a large and fast-growing economy based on businesses and professions which lays a concrete foundation to build a scalable business. KBS are highly recommended opportunities for new venture investment and growth and have created more than 79% out of all nonfarm US jobs. This area has been paid very little attention to entrepreneurship research and education which hampers national economic expansion. This article discusses entrepreneurship education, research and investment in KBS. KBS research work explores exclusive features, opportunities, and challenges in new venture development to a scalable enterprise.

Suggested Citation

  • Deepak Yadav & Niladari Das & Paritosh Tripathi, 2020. "Knowledge-Based Service (KBS) Opportunities to Contour Startup Into a Scalable Enterprise," International Journal of Sustainable Entrepreneurship and Corporate Social Responsibility (IJSECSR), IGI Global, vol. 5(1), pages 56-64, January.
    • Handle: RePEc:igg:jsecsr:v:5:y:2020:i:1:p:56-64
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