Changing the rules of the game: the role of antifragility in the survival of innovative start-ups

V Cucino, A Botti, R Celenta, R Baldegger - The International Research & …, 2022 - Springer
V Cucino, A Botti, R Celenta, R Baldegger
The International Research & Innovation Forum, 2022Springer
During Covid-19, some innovative start-ups not only absorbed the shock but also improved
afterwards through the development of capabilities related to antifragility. Drawing on the
antifragility literature we have selected a set of internal capabilities that influence the survival
of start-ups. Then, we applied qualitative benchmarking of the fuzzy-set to examine which
interactions between the aforementioned internal capabilities affect the survival of innovative
start-ups. We used a unique dataset of 37 innovative start-ups that survived in Italy after the …
Abstract
During Covid-19, some innovative start-ups not only absorbed the shock but also improved afterwards through the development of capabilities related to antifragility. Drawing on the antifragility literature we have selected a set of internal capabilities that influence the survival of start-ups. Then, we applied qualitative benchmarking of the fuzzy-set to examine which interactions between the aforementioned internal capabilities affect the survival of innovative start-ups. We used a unique dataset of 37 innovative start-ups that survived in Italy after the Covid-19 lockdown. Our results suggest the interaction between some specific capabilities (creativity, flexibility and collaboration) are antecedents of antifragility. The interaction between these capabilities enables start-ups to survive during a crisis.
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