Friday, May 6, 2011

Dimensions of successful tech start-ups

I spent some time in the past studying growth in business, of course there are a continuum of opinions on this topic, however, seven dimensions stood out for me. Growth (economic or otherwise) happens when these dimensions are in place: cooperation, collaboration, communication, incentives, standardization and co-ordination.

Successful Tech start-ups, consciously or otherwise have elements of these six dimensions in their business model (or user interface ). Take Facebook, for example, the interface fosters cooperation and collaboration it facilitates communication and in some ways stimulates competition. The incentives are physiological, but exist and by allowing developers to plug into their platform they have standardized the platform. All this is well co-ordinated and hence it is not surprising that they are on a growth trajectory.  The same dimensions can be found if we analyze Groupon, Twitter, FoureSquare, Google and others....

Whilst I realize this model is not complete, I would be interested to hear views on this .... are there any other dimensions that do not fit into the 7 listed above. Or do you have a strong opinion about this assertion ?

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