Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)

Abstract

High-tech Entrepreneurship in Developing Countries Way to Success

Author(s): Mukhtarova K.S.,Kozhakhmetova A.K.,Belgozhakyzy M.,Dosmbek A.,Barzhaksyyeva A.

High-tech industry is one of the  most perspective and promising areas.  Moreover, high-tech  arecore  component  of  entrepreneurship.  Hence,  development  of  successful  high-tech projects  may  open  new  horizons  for  entrepreneurs.  Research  considersusing  of  project management tools as a factor for developmenthigh-tech projects that may be a key of successful entrepreneurship.  The  study  investigates  conditions  for  successful  development  of  high-tech projects that ensure innovative entrepreneurship in developing countries. Lack of technological knowledge  and  lack  of  high-qualified  human  resources make  it  difficult  to  achieve  high-tech project success in developing countries. Kazakhstan was chosen as representative of developing countries.  Study  comparesproject  success  level  and  factors  that  affect  to  success  of  high-tech projects  in  developing  countries  and  developed  countries.Japan  was  chosen  as  developed countries representative.The objective of the study is to identify which factors affect to high-tech project success in developing countries from the viewpoint of project management. Literature review reveals a luck of  researches  about  how  developing  countries  run  their  high-tech  projects.  Research  findings show that high-tech projectsrunby project managers differently in developing countries than in developed countries, and, accordingly, success level is much lowerin developing countries. For example, Kazakh managers show worst result in cost overrun (25.96%) and in schedule overrun (32.9%). These results impacted by low extent of use cost and time planning processes. It may be due  to  the specific  national  culture, thatdescribe Kazakh managers as don’t  focused  on  time management.In  addition,  Kazakhstani  projects`  results  related  to  other  two  dimensions  of success  as  technical  performance (3.9)and  customer  satisfaction (4.8)are  lower  than  in developed country. Furthermore, study reveals specific knowledge areas of project management that  high  correlated  with  project  success  dimensions.  Thus,  criticalknowledge  areas  for  high-tech  project  success  in  developing  countries  as  Kazakhstan  are  project  integration  and scope management,  communicationmanagement,  risk  and  quality  management. Study  suggests  to focus  on  these  factors  during  high-tech  project  management  in  developing  countries,  because these factors have significant impact on high-techproject success dimensions