<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Objective:</bold> In this article, the methods used to simplify the business modelling and founding of new companies are presented and critically reflected. Furthermore, it is discussed to what extent a specific method is advantageous, disadvantageous, applicable, not applicable, or even contradictory.
<bold>Methodology:</bold> The theoretical analysis is underpinned by a qualitative interview study asking company founders about applying the methods mentioned above. The work is based on scientific papers and books and is complemented by the data originating from a specially designed study.
<bold>Findings:</bold> The results conclude that business model founding instruments provide strategic guidelines favouring entrepreneurs, yet they turn out to be minor in its real-life significance as numerous factors rooted in different fields of expertise play in.
<bold>Value Added:</bold> The added value of this paper is in the elaboration of efficiency bringing and risk-minimizing components of the methods, respectively. Accordingly, managers and entrepreneurs of all industries are intended to be equipped with sufficient information content that eases the decision for or against one of the methods as realistic expectations considering the application are likely to emerge.
<bold>Recommendations:</bold> The limitations of this study are rooted in the chosen qualitative research since every interviewee is a subject to their individual perception.
</abstract>

Objective: In this article, the methods used to simplify the business modelling and founding of new companies are presented and critically reflected. Furthermore, it is discussed to what extent a specific method is advantageous, disadvantageous, applicable, not applicable, or even contradictory.
Methodology: The theoretical analysis is underpinned by a qualitative interview study asking company founders about applying the methods mentioned above. The work is based on scientific papers and books and is complemented by the data originating from a specially designed study.
Findings: The results conclude that business model founding instruments provide strategic guidelines favouring entrepreneurs, yet they turn out to be minor in its real-life significance as numerous factors rooted in different fields of expertise play in.
Value Added: The added value of this paper is in the elaboration of efficiency bringing and risk-minimizing components of the methods, respectively. Accordingly, managers and entrepreneurs of all industries are intended to be equipped with sufficient information content that eases the decision for or against one of the methods as realistic expectations considering the application are likely to emerge.
Recommendations: The limitations of this study are rooted in the chosen qualitative research since every interviewee is a subject to their individual perception.

Reflecting on the Efficiency of Design Thinking and Lean Startup

Journal of Intercultural Management

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Reflecting on the Efficiency of Design Thinking and Lean Startup"}

Objective: In this article, the methods used to simplify the business modelling and founding of new companies are presented and critically reflected....

Reflecting on the Efficiency of Design Thinking and Lean Startup

Data publikacji: 23 sie 2022

Zakres stron: 4 - 53

Otrzymano: 20 gru 2021

Przyjęty: 23 maj 2022

DOI: https://doi.org/10.2478/joim-2022-0001

Słowa kluczowe
business model, entrepreneurship, Design Thinking, Lean Startup

© 2022 Kerstin Bätz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Reflecting on the Efficiency of Design Thinking and Lean Startup

Data publikacji: 23 sie 2022

Zakres stron: 4 - 53

Otrzymano: 20 gru 2021

Przyjęty: 23 maj 2022

DOI: https://doi.org/10.2478/joim-2022-0001

Słowa kluczowebusiness model, entrepreneurship, Design Thinking, Lean Startup

© 2022 Kerstin Bätz et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Słowa kluczowe
business model, entrepreneurship, Design Thinking, Lean Startup