Managing start-ups in Unregulated Markets
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In these times where many new inventions and technologies are erupting, many start-ups will find themselves in a place where they are entering untouched, untested or unregulated markets. For these start-ups it can be hard to identify and manage the risks that are associated with their future business since there are many unknowns that must be considered. Through this article these risks will be assessed and analyzed in order to determine if traditional strategic management approaches and models are appropriate for start-ups in unregulated markets. | In these times where many new inventions and technologies are erupting, many start-ups will find themselves in a place where they are entering untouched, untested or unregulated markets. For these start-ups it can be hard to identify and manage the risks that are associated with their future business since there are many unknowns that must be considered. Through this article these risks will be assessed and analyzed in order to determine if traditional strategic management approaches and models are appropriate for start-ups in unregulated markets. | ||
| − | == | + | == What are risks? == |
| − | + | Risks are often connected to a specific decision that can end up with a company or individual losing something of value. This includes both monetary loses such as money or customers but also non-monetary losses such as social status or emotional well-being. Therefore, companies will often have numerous measures in place to reduce these potential losses. However, in more recent literature it has become present, that risks are also opportunities gain the aforementioned values. Risk are often associated with entering an area of many uncertainties and unknowns that must be considered before undertaking any endower. [https://www.outdoored.com/sites/default/files/documents/files/wrmc_proceedings_05_adventure_cline.pdf] | |
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== Managing risks projects in unregulated market == | == Managing risks projects in unregulated market == | ||
Revision as of 21:21, 28 February 2018
Contents |
Abstract
In these times where many new inventions and technologies are erupting, many start-ups will find themselves in a place where they are entering untouched, untested or unregulated markets. For these start-ups it can be hard to identify and manage the risks that are associated with their future business since there are many unknowns that must be considered. Through this article these risks will be assessed and analyzed in order to determine if traditional strategic management approaches and models are appropriate for start-ups in unregulated markets.
What are risks?
Risks are often connected to a specific decision that can end up with a company or individual losing something of value. This includes both monetary loses such as money or customers but also non-monetary losses such as social status or emotional well-being. Therefore, companies will often have numerous measures in place to reduce these potential losses. However, in more recent literature it has become present, that risks are also opportunities gain the aforementioned values. Risk are often associated with entering an area of many uncertainties and unknowns that must be considered before undertaking any endower. [1]
Managing risks projects in unregulated market
Manning the risks projects in projects that are unregulated can be even more difficult. The above mentioned models, assume that the person or team conducting the analysis know about the , laws, regulation, legislation, environment etc. However in unregulated markets, these risks are often unknown making it hard to quantify the impact they may cause.
scenarios building
Manging start-ups in unregulated markets
Example – Cryptocurrency
Cryptoexchange (Binance), expecting regulation, headquarters in 3 countries, fail-safe project management approach
Conclusion
project canvas vs. bushiness model canvas.
What is missing in the BMC? Is BMC enough
add description of methods in introduction
Refferences
Morgan, Peter. (2009) Unregulated Entities, Products, and Markets: Challenges for Monitoring and Regulations https://www.adb.org/sites/default/files/publication/157271/adbi-rpb30.pdf[1]
Manktelow, James. (1996) SWOT Analysis: Discover New Opportunities, Manage and Eliminate Threats. [online] https://www.mindtools.com/pages/article/newTMC_05.htm[2]
Further reading section,
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