Background: In the creation of a startup, the pivotal elements are the acquisition, integration, redistribution, and protection of resources. Each startup's journey reflects a narrative in the art of resource management.
Methods: This paper conducts an analysis of the concept, content,
type, and strategies of resource management, with a focus on three primary
dimensions: resource management, venture financing, and management of
intangible assets. The analysis is supplemented by reviewing several typical
failure cases in the startup economy to illustrate the consequences of inadequate
resource management.
Results: The review highlights that improper resource management
has been a common factor in the failures examined. By exploring these failures,
the paper identifies key missteps and missed opportunities that contributed to
the downturns of these startups.
Conclusion: With these insights, the paper provides future
entrepreneurs with valuable lessons and strategies to enhance the success rate
of their ventures, emphasizing the critical role of effective resource
management in the startup ecosystem.
Author
(s) Details
Wenbo Lyu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.
Guangmin Zhu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.
Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48388-89-6/CH17
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