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According to the textbook, there are three types of startup firms: entrepreneurial firms, lifestyle firms, and:
Collectivism
A cultural value that emphasizes the importance of groups and collective action over individual interests and achievements.
Centralized Control
A management structure where decision-making authority is concentrated at the top levels of an organization.
Arab Spring
A series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s.
Political Event
An occurrence or activity related to the governance of a country, such as elections, legislation, or coups, that can impact its socio-economic conditions.
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