One of the greatest challenges that economic development poses for Chile has to do with strengthening the role that innovation plays both in already established and in newly-generated innovative enterprises. Based on detailed research, and with the purpose of fostering entrepreneurial success through innovation, the present study outlines some of the dynamic entrepreneurs’ practices that have successfully contributed to the growth and development of existing enterprises in Chile.
Estudio de Buenas Prácticas Kawax Endeavor v7.pdf
(Excerpt from Endeavor study, attached)
Potentially successful enterprises are scarce in Chile, due to both the lack of entrepreneurial ability and the lack of the proper financial sources. Despite all different strategies to revert this situation, as opposed to the situation in more advanced countries, innovation still plays a minor role in the creation of new enterprises. The result of the study carried out by Hugo Kantis and Sandra Díaz suggests that in spite of the considerable degree of uncertainty that goes with the expectations of high profitability in the creation of new innovative enterprises, there are opportunities of success. The analysis of the process of development of some new enterprises in Chile reveals what seems to be the profile of the new innovative entrepreneurs, what differentiates them from traditional entrepreneurs, and what are the resources they exploit in the process of enterprise development. Finally, the study accounts for the factors that seem to have led to the success of some of these entrepreneurs, outlining what could be considered as the ¨good practices¨ in the development of successful innovative enterprises. Dynamism, resourcefulness, constant updating, partnership, full-time devotion, complementary profiles within work teams, and others, are among the many factors described in the study.
Full study available in Spanish (attached).