Last modified: 2019-05-08
Abstract
Purpose – clarifying the current risks and organizational issues in start-up manufacturing enterprises in Latvia, to find out the impact of teamwork on work provision in Latvia start-up manufacturing enterprises.
Research methodology – to achieve the purpose of this study, a survey of 55 start-up entrepreneurs from fifteen Business Incubators of Investment and Development Agency of Latvia in 2018 was undertaken by an online questionnaire.
Findings – the results of the research have indicated that the lack of own team is one of the dominant start-up manufacturing enterprise work risks. Comparative analysis of data showed that mostly the entrepreneurs, who have started development of their business idea individually and whose enterprise’s work is basically based on a single-decision making, have encountered the issue. However, the research outcomes revealed that provision of start-up manufacturing enterprise work outcomes is related to the teamwork factor – both belief in joint work, common understanding about the expected outcomes, mutual trust and support.
Research limitations – direct start-up enterprises, which have registered their activity in one of the sub-sectors of the NACE (Rev. . 2) Group C “Manufacturing Industry” and receive the support provided by the Investment and Development Agency of Latvia Business Incubator for their start-up activity in Latvia, without exceeding a 4-year incubation period, have been chosen for the research.
Practical implications – the research outcomes point to the need of Business Incubators of Investment and Development of Latvia to provide not only tangible opportunities for start-up manufacturing enterprises for the business idea development during the incubation period, but also practical knowledge on team building during the business start-up process.
Originality/Value – Unlike other studies that are mostly focused on hard benefits in enterprises, as well as in start-ups, this is a specific research which provides insights on whether teamwork is recognized as an important factor of start-up manufacturing companie work provision in relation to technological and external risks during the business start-up process and its work result achievement.