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Success of businesses is connected to circumstances surrounding their inception: Study

Washington, May 20: In accordance with data from the U.S. Bureau of Labour and Statistics, just 25 per cent of new enterprises survive for 15 years or more. That statistic hasn t changed in 30 years, despite shifting economic situations within and between markets. An elegant explanation is offered by a recent study published in the Strategic Entrepreneurship Journal: a company s long-term success is greatly influenced by the circumstances surrounding its inception, rather than just changes in its markets.

The state of a business s industry can determine long term success

Although understanding industry norms and trends has long been held as a key to entrepreneurship success, social, economic, and technological changes make industry knowledge increasingly less relevant.

Success of businesses is connected to circumstances surrounding their inception: Study

Success of businesses is connected to circumstances surrounding their inception: Study
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Why Do So Many Businesses Fail?

Why Do So Many Businesses Fail?
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Success of businesses is connected to circumstances surrounding their inception: Study

Success of businesses is connected to circumstances surrounding their inception: Study
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