Entrepreneurial decisions and financing in the early stages : a multiple case study of mountain biking firms
Racheeva, Polina (2020)
Pro gradu -tutkielma
2020
School of Business and Management, Kauppatieteet
Kaikki oikeudet pidätetään.
Julkaisun pysyvä osoite on
http://urn.fi/URN:NBN:fi-fe2020040310243
http://urn.fi/URN:NBN:fi-fe2020040310243
Tiivistelmä
This work is a multiple case study of firms in mountain biking market that is intended to describe how entrepreneurial decision-making in the early stages affect choices of financial resources. The motivation for choice of topic originated from real-life case: a mountain biking firm in seed stage that strives to commercialize.
The main research objective of this work is to learn how entrepreneurial decisions in the early stages affect choices of and success of getting financial resources. The main research question of this work is “how entrepreneurial decision-making in different stages of lifecycle influences on choices regarding financial resources”. Additional objectives include learning about changing needs for resources and decision-making modes across stages. This work uses multiple case design.
Data was gathered from six companies, including the principal case via semi-structured interviews. The results have shown that entrepreneurs see resources as rather tools, while earliest stages place more importance to them. The role of resources is strongest at the transition between stages. Regarding decision-making and stages, not all entrepreneurs see their role change. Some presence of causation is visible in the growth stage, though effectuation was seen everywhere. Both negative and positive effects of success and choices of financing were discovered in this work.
The main research objective of this work is to learn how entrepreneurial decisions in the early stages affect choices of and success of getting financial resources. The main research question of this work is “how entrepreneurial decision-making in different stages of lifecycle influences on choices regarding financial resources”. Additional objectives include learning about changing needs for resources and decision-making modes across stages. This work uses multiple case design.
Data was gathered from six companies, including the principal case via semi-structured interviews. The results have shown that entrepreneurs see resources as rather tools, while earliest stages place more importance to them. The role of resources is strongest at the transition between stages. Regarding decision-making and stages, not all entrepreneurs see their role change. Some presence of causation is visible in the growth stage, though effectuation was seen everywhere. Both negative and positive effects of success and choices of financing were discovered in this work.