LABVIEW APPLICATIONS – INNOVATIVE TOOLS FOR THE YOUNG ENTREPRENEURS

Nicoleta Isac () and Daniel-Constantin Anghel1 ()
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Nicoleta Isac: University of Piteşti
Daniel-Constantin Anghel1: University of Piteşti

Romanian Economic Business Review, 2016, vol. 11, issue 4.1, 98-106

Abstract: The paper treats the case of a young entrepreneur that decide to create his own company (a startup). A very important aspect in creating a business is the possibility of assessing its feasibility. Because the feasibility implies the launch of a competitive product, the young entrepreneur has need for a tool that can offer to him the possibility of assessing the feasibility in real-time, by varying certain parameters. The first part of the paper presents the particularities of the market in a developing country. The second part of the paper presents the approach used to assess the feasibility of the start-up and arrangements that can act on the level of competitiveness of their product. The third part presents a LabVIEW application and some simulation results with it. This tool is simple to use, it providing useful information for the young entrepreneurs, and for the students, while being a very good teaching tool.

Keywords: LABVIEW; entrepreneur; innovation; product (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:11:y:2016:i:4.1:p:98-106

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