FEML


ECONOMIC FORUM
OF YOUNG LEADERS



10th ECONOMIC FORUM of YOUNG LEADERS

7th - 11th of September 2015 NOWY SĄCZ
AN OPPORTUNITY TO MEET, MAKE FRIENDS AND TALK ABOUT THE FUTURE OF EUROPE


Startups: Delivering value at scale or cultivating poor solutions?

Debate. Wednesday, 9th September at 16:00


Pitching, crowdfunding, co-working and outsourcing – these are truly the buzz words of the last decade which saw an unprecedented growth of young and bold ventures known as startups. Startups have traditionally been praised for their strong focus on innovation, scalability and growth.

Successful startups typically follow a steep growth trajectory and produce hefty returns to its creators and investors within as little as a few years: "Where it once took decades to build a company that’s worth $1 billion, a dozen of this year’s crop of 42 accomplished the feat in 5 years or less. One made it to $1 billion valuation in under two years" (Forbes.com).

Startup company's value is mainly based on its intellectual property which means less competition, more business opportunities and greater income potential. Startups have also been admired for constantly upward learning curve and a faster career advancement track. Lack of bureaucracy has been considered as another advantage of these newly established businesses. Relatively flat organizational structure allows members of the team to accomplish much more in a shorter time frame.

The positive view on startups is not undisputed though. Some analysts and scholars argue that a lot of startups tend to operate in a pseudo-innovative environment where they are working on minimally impactful products with poor utilization potential. Ideas are great but how many more video sharing, audio sorting and content finding applications do we really need? Experts also fear that excessive cultivation of the startup values may contribute to the evolution of unregulated corporate culture that likely won’t mature quickly enough to fit company’s size in future.

So which side has more reasonable arguments in your opinion?
Should we continue praise startups for their contribution to innovation and progress or be critical of their ability to add value at scale?

The Leader’s Debate will take place on Wednesday, 9th of September 2015 at 16:00 in Nowy Sącz.
Medium Hall (Hall of B. Barbacki) – 2nd floor

Moderator:
Mariya Romanyshyn -
Doctor of Philosophy (PhD), Economics and Enterprise Management at the Lviv Polytechnic National University, Member of the Forum's Programme Council

Panelists:

  • Edera Gjuzi,  University of Tirana, Albania
  • Florian Lang, GO EUROPE, Austria
  • Rauf Ismayilov, Azerbaijan State Economic University, Azerbaijan
  • Amer Benouda, Centre of Management Studies and Research of Aix-Marseille, France
  • Goran  Mojanoski, Hitlancer.com, Macedonia
  • Szymon Lach, Global Entrepreneurship Week, Poland
  • Maryna Zaidel, Karazin Kharkiv National University, Ukraine



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MINISTER OF NATIONAL EDUCATION


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FEML


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