Summary on strategic thinking and interrelationship with employee engagement and skill development
| Author, Year | Study variables | Details |
|---|---|---|
| Stewart et al. (2017) | Vision and Mission Statement | It is important to understand the impact of vision and mission statement on future growth of startups |
| Alegre et al. (2018) | Mission statement of the organization | Mission statement of the organization provides directions for developing competitive advantage startups |
| Watson et al. (1998) | Strategic objectives for startups | Startup founder’s experience of business has an impact on framing of strategic objectives |
| Biga Diambeidou and Gailly (2011) | Strategic Objectives | Startups strategic formulation has an impact on strategic objectives |
| Ferrell et al. (2011) | Responsibility and Accountability | Responsibility and accountability not only confined to employees but in the scenario of startups even the founders are equally accountable and responsible for the growth of startups |
| Weiblen and Chesbrough (2015) | Employee Engagement | Startups have to be careful in applying the concept of employee engagement as the eco-system of startups is significantly different from large corporates |
| Picken (2017); Kuschel et al. (2018) | Skill development | The most critical factor for success of a startup depends on the skill sets of the workforce |
| Majumdar et al. (2020 | Skill development | The study identified that there is a huge gap in skill sets required by startups and available with the workforce |
| Author, Year | Study variables | Details |
|---|---|---|
| Vision and Mission Statement | It is important to understand the impact of vision and mission statement on future growth of startups | |
| Mission statement of the organization | Mission statement of the organization provides directions for developing competitive advantage startups | |
| Strategic objectives for startups | Startup founder’s experience of business has an impact on framing of strategic objectives | |
| Strategic Objectives | Startups strategic formulation has an impact on strategic objectives | |
| Ferrell et al. (2011) | Responsibility and Accountability | Responsibility and accountability not only confined to employees but in the scenario of startups even the founders are equally accountable and responsible for the growth of startups |
| Employee Engagement | Startups have to be careful in applying the concept of employee engagement as the eco-system of startups is significantly different from large corporates | |
| Skill development | The most critical factor for success of a startup depends on the skill sets of the workforce | |
| Skill development | The study identified that there is a huge gap in skill sets required by startups and available with the workforce |
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