Search for Unicorns in Ukraine
In the early 2000s, a new term unicorns appeared in the economic literature, which unites startup companies with a market capitalisation of above 1 billion dollars over five years. In a modern, highly globalised market, public management is interested in ensuring the rapid development of powerful, c...
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| Format: | Article |
| Language: | English |
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Mukachevo State University
2020-06-01
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| Series: | Науковий вісник Мукачівського державного університету. Серія Економіка |
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| Online Access: | https://economics-msu.com.ua/en/journals/tom-7-1-2020/poshuk-yedinorogiv-v-ukrayini |
| _version_ | 1797304985119096832 |
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| author | Vasyl Ostapenko |
| author_facet | Vasyl Ostapenko |
| author_sort | Vasyl Ostapenko |
| collection | DOAJ |
| description | In the early 2000s, a new term unicorns appeared in the economic literature, which unites startup companies with a market capitalisation of above 1 billion dollars over five years. In a modern, highly globalised market, public management is interested in ensuring the rapid development of powerful, competitive companies that stimulate the growth of the national economy. Investors from all over the world are interested in powerful startup companies. The purpose of the study is to formulate the main stages of assessing the competitiveness of unicorns and create conditions for improving its level in the post-Soviet space. General scientific methods of analogy and comparison, induction and deduction, modelling, hypothetical, historical, and logical methods are applied. In the study, approaches to selecting potential startup unicorn projects are economically substantiated; a convenient approach to creating a social climate and legislative framework that will contribute to the appearance and reproduction of unicorns is proposed; approaches to determining the stages of «failure», «reanimation», and «revival» of unicorns are formulated. The practical value of the results obtained lies in the establishment of applied proposals aimed at the development of startup companies in Ukraine. It is concluded that for the creation and effective functioning of unicorns it is necessary to combine human, structural, and consumer capital, which will ensure an increase in the capitalisation of the enterprise. It is determined that the environment for the emergence and functioning of unicorns is not limited to software, but covers all areas where intellectual capital can be increased. It is also concluded that innovations and startups are a kind of activity that requires not only extensive knowledge but also a specific talent sharpened for this type of activity. The ability to offer new solutions is a source of renewal, implementing the principles of intellectual capital, which is becoming dominant in the 21st century. Further research will be aimed at clarifying and improving the proposed options for developing conditions to increase the level and number of unicorns in Ukraine |
| first_indexed | 2024-03-08T00:19:18Z |
| format | Article |
| id | doaj.art-a8d4c6bca43f45a591cf99b3559fa916 |
| institution | Directory Open Access Journal |
| issn | 2313-8114 2518-1254 |
| language | English |
| last_indexed | 2024-03-08T00:19:18Z |
| publishDate | 2020-06-01 |
| publisher | Mukachevo State University |
| record_format | Article |
| series | Науковий вісник Мукачівського державного університету. Серія Економіка |
| spelling | doaj.art-a8d4c6bca43f45a591cf99b3559fa9162024-02-16T14:48:09ZengMukachevo State UniversityНауковий вісник Мукачівського державного університету. Серія Економіка2313-81142518-12542020-06-017119820410.31339/2313-8114-2020-1(13)-198-204Search for Unicorns in UkraineVasyl Ostapenko0Zaporizhzhia Polytechnic National UniversityIn the early 2000s, a new term unicorns appeared in the economic literature, which unites startup companies with a market capitalisation of above 1 billion dollars over five years. In a modern, highly globalised market, public management is interested in ensuring the rapid development of powerful, competitive companies that stimulate the growth of the national economy. Investors from all over the world are interested in powerful startup companies. The purpose of the study is to formulate the main stages of assessing the competitiveness of unicorns and create conditions for improving its level in the post-Soviet space. General scientific methods of analogy and comparison, induction and deduction, modelling, hypothetical, historical, and logical methods are applied. In the study, approaches to selecting potential startup unicorn projects are economically substantiated; a convenient approach to creating a social climate and legislative framework that will contribute to the appearance and reproduction of unicorns is proposed; approaches to determining the stages of «failure», «reanimation», and «revival» of unicorns are formulated. The practical value of the results obtained lies in the establishment of applied proposals aimed at the development of startup companies in Ukraine. It is concluded that for the creation and effective functioning of unicorns it is necessary to combine human, structural, and consumer capital, which will ensure an increase in the capitalisation of the enterprise. It is determined that the environment for the emergence and functioning of unicorns is not limited to software, but covers all areas where intellectual capital can be increased. It is also concluded that innovations and startups are a kind of activity that requires not only extensive knowledge but also a specific talent sharpened for this type of activity. The ability to offer new solutions is a source of renewal, implementing the principles of intellectual capital, which is becoming dominant in the 21st century. Further research will be aimed at clarifying and improving the proposed options for developing conditions to increase the level and number of unicorns in Ukrainehttps://economics-msu.com.ua/en/journals/tom-7-1-2020/poshuk-yedinorogiv-v-ukrayinisocio-economic relationsintellectual capitaldevelopment of civilisationeconomic efficiency |
| spellingShingle | Vasyl Ostapenko Search for Unicorns in Ukraine Науковий вісник Мукачівського державного університету. Серія Економіка socio-economic relations intellectual capital development of civilisation economic efficiency |
| title | Search for Unicorns in Ukraine |
| title_full | Search for Unicorns in Ukraine |
| title_fullStr | Search for Unicorns in Ukraine |
| title_full_unstemmed | Search for Unicorns in Ukraine |
| title_short | Search for Unicorns in Ukraine |
| title_sort | search for unicorns in ukraine |
| topic | socio-economic relations intellectual capital development of civilisation economic efficiency |
| url | https://economics-msu.com.ua/en/journals/tom-7-1-2020/poshuk-yedinorogiv-v-ukrayini |
| work_keys_str_mv | AT vasylostapenko searchforunicornsinukraine |