WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 16, 2019


Application of Fuzzy Analytic Hierarchy Process in Prioritizing and Ranking Critical Success Factors of Innovation Startups

AUTHORS: Tran Van Trang, Nguyen Quang Vinh, Quang Hung Do

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ABSTRACT: The objective of this study is to investigate the Key Success Factors (KSF) and their relative importance on the success of innovation startups in Vietnam context. Seventeen factors (indicators) were identified through the extensive literature review. The indicators were then grouped into four categories including Individuals, Organizational, Externals and Product and Market. A group of fourteen experts were formed and asked to prioritize the factors and indicators. The fuzzy analytic hierarchy process (FAHP) were subsequently utilized to determine the relative weights of factors and indicators in contributing to the success of innovation startups. The results show that the factors have different levels in influencing the success of startups, with Individuals being more important than the others. Regarding the overall impact on the success of startups, the most influential factors are entrepreneurial characteristics including Initial motivation, Experience in the industry and Academic formation

KEYWORDS: Fuzzy AHP; Entrepreneurship; Innovation; Critical Success Factors.

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #29, pp. 261-270


Copyright Β© 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0