Effect of Symbiotic Relationship on Self-organized Startup Entrepreneurship, an Innovative Synergy
Journal of Economics, Management and Trade,
Self-organized theory-series are improving constantly with strong explanation base for entrepreneurship, with symbiotic theory as the most important one of which plays very crucial role for startups ‘symbiotic relationship survival rate, goodwill and growth potential on self-organized startup entrepreneurship. The study used structural equation model in analyzing the sampled data of 399 responses, showing that all the measurement models and constructs used fit the data well thus Absolute fit index, Incremental fit index and Parsimonious fit index were all within the acceptable ranges. The three constructs, symbiotic relationship, innovative ideas and social relationship, are indicative that they have the ability to influence self-organized startup businesses. The results of the test on the two hypothesis are confirmed and supported. A unit change in symbiotic relationship can lead to 0.192 increase in small business startups whilst a percentage change in innovative ideas can positively influence small startups by 0.274%.
- Symbiotic relationship
- self-organized startup
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