Start-ups are newly formed businesses or organisations created in India to deliver novel goods, services, or solutions. These businesses frequently combine innovation and technology to meet certain market demands. Due to a developing entrepreneurial environment, government assistance, and a rising emphasis on industries including technology, e-commerce, healthcare, and finance, Indian start-ups have become more well-known in recent years. These start-ups stand out due to their potential for quick expansion, pursuit of innovative business strategies, and a vibrant rivalry-filled environment. To encourage the development of start-ups and promote entrepreneurship in the nation, the Indian government has implemented several programmes and laws.
Published in Chapter:
Symbiosis of Innovation-Oriented Leadership and Start-Ups: Focused on India
Copyright: © 2024
|Pages: 18
DOI: 10.4018/979-8-3693-2077-8.ch005
Abstract
Interest in entrepreneurship and the startup movement has increased a growing debate and research regarding innovation in many avenues, including business models. Many startups, nationally and internationally, are doing exceptionally well, and it is obvious that they are highly inclined towards innovation in various dimensions of their business. Innovation is otherwise also necessary in the changing environment of the contemporary business world. Many startups have designed novel business models for new organizations or reconfigured existing business models. This chapter will focus on the aspects of the requirement of innovation-oriented leadership in business and how it leads to an effective business model. The authors will also discuss the critical role played by innovative approaches in setting up a new business venture. Additionally, the chapter will discuss the stories of successful Indian startups and how innovative leadership contributed towards startups.