טכניון מכון טכנולוגי לישראל
הטכניון מכון טכנולוגי לישראל - בית הספר ללימודי מוסמכים  
Ph.D Thesis
Ph.D StudentRabinovitz Miriam
SubjectDynamic Business Process Modeling of High-Tech Startup
Enterprises
DepartmentDepartment of Industrial Engineering and Management
Supervisor Professor Reuven Karni


Abstract

A lack of managerial skills is probably one of the prime factors contributing to failure of startup enterprises. The research exploits the technologies of business process engineering and modeling to create a holistic and dynamic functional and process model of a startup enterprise. This details how to organize, accomplish and manage the establishment and development of a startup venture. Models are built on four structural entities: major, main and engine functions, and business processes. An engine construct using a restricted set of operators was developed, enabling the focus of management attention on different business functions and processes over the life cycle of a startup. Three extensive models were developed: Capstone (venture), Venturing and Fundraising. Data was collected during frontal meetings with 156 interviewees - entrepreneurs, investors and support companies. The participants were asked to verify and validate (a) the ability of the process viewpoint to express the basic nature of startup management; and (b) the extent to which each function and process is relevant, necessary, applicable and implementable. These two postulates were validated at a high level of statistical significance.


The research contributes to the theories of enterprise modeling and venture management. The startup domain has been established as a field of study within enterprise modeling. Its business model is integrable with that of a mature enterprise. Startup processes can be characterized by a restricted set of operators. The business process patterns of (high-tech) startup enterprises in general, and the management layer in particular, have been characterized and found to be mostly generic. This enables portrayal of the progression of a venture from incubation to maturity through the evolution of its business functions. The models can serve as a blueprint for venture management, and as a basis for comparative research in different industrial sectors and different countries.