Читать книгу Governance of Ventures - Группа авторов - Страница 25

The St. Galler Startup Navigator as a Governance Tool

Prof. Dr. Dietmar Grichnik and Dr. Manuel Hess

Abstract

[24] Most startups fail. However, building successful companies is nothing magical, but a craft that can be learned. The irrefutable truth: It’s all about the execution. You need to be systematic and learn how and what kind of signs to interpret to be successful. Using the St. Galler Startup Navigator helps the Board of Directors as a governance tool to control how the entrepreneurs can turn the early business ideas into a thriving venture. This article introduces our tool based on insides of evidence-based entrepreneurship research and from best practice recommendations of some of the most successful entrepreneurs and startup managers worldwide.

Authors

Dietmar Grichnik is a leading researcher in the field of entrepreneurship. He is Director of the Institute of Technology Management at the University of St. Gallen, where he also holds the Chair for Entrepreneurship. As former banker and current business angel, he is actively engaged in fast-growing private companies such as First Stop Health, a telemedicine company, listed in the America’s Inc. 500, and in promising startups, e.g. recently joining the Board of Directors at Leva Capital Partners, an award-winning Swiss fintech company reinventing private equity investments. Recently, he was elected among the Top 100 Entrepreneurship Professors globally.

Manuel Hess is a postdoctoral researcher at the Chair for Entrepreneurship of the University of St. Gallen. He is a lecturer to students, entrepreneurs, and executives for entrepreneurship and business metrics. His research focuses on investor decision-making and the influence of board members on new venture success. As project manager of the St. Galler Startup Navigator Lab, he is responsible for applied research and the use of the Navigator methods in new ventures and corporates such as the application of predictive analytics to new venture survival. He currently coauthors the launch of the Startup Navigator book at Palgrave/Macmillan.