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Entrepreneurial leadership in crowd funded startups and SMEs - A critical incident analysis of entrepreneurs and managers

Pieper, Marten L. (2014) Entrepreneurial leadership in crowd funded startups and SMEs - A critical incident analysis of entrepreneurs and managers.

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Abstract:Crowd funding has made external capital more widely available for startups and matured companies. While this innovation offers access to funding capital to any person with a persuasive vision or business model, it minimized the required qualification in terms of leadership expertise. Particularly, entrepreneurial leadership (EL), which is often seen as natural form of leading a startup or innovative projects in matured companies, is therefore of interest and closely connected to the new form of funding. In this research a first connection between the topics of entrepreneurial leadership in crowd funded ventures and SME’s is drawn. By addressing the entrepreneurial leadership approach of successful crowd funded entrepreneurs and comparing it to employed managers, this research is providing insight for entrepreneurs with little prior leadership experience and managers, willing to lead more entrepreneurial. The research is based on critical incident interviews with the two groups of business leaders, gathering qualitative data to form a foundation for further leadership and crowd funding research. The research has been carried out by giving different propositions concerning important aspects of EL utilization were made, anticipating divergent utilization by entrepreneurs compared to managers. In practice, however, the findings indicate a wide consensus on general use of EL, with minor variations. While the data did not support most parts of the propositions, there were still specific implications drawn from the findings that will benefit business leaders for leading entrepreneurial as well as the related field of research. These conclusions depict a practicable overview for the utilization of entrepreneurial leadership that is not limited to specific industries or company types.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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