University of Twente Student Theses


The speed of the decision-making process in early-stage entrepreneurial teams

Wagner, Patrick (2016) The speed of the decision-making process in early-stage entrepreneurial teams.

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Abstract:For any kind of company, strategic decision-making is a high potential and important aspect of leading the organization to a future goal (Vermeulen & Cursue, 2010). Comprehensiveness and speed of strategic choices are crucial for technology-based startups and teams, operating in a high-velocity environment (Talaulicar, Grundei & Werder, 2005). However, there is little knowledge about the influence of team characteristics in early-stage startup companies and the relationship towards the speed of the decision-making process. Due to the fact, that entrepreneurial work is completely new by definition, is mostly complex and unpredictable of any outcome and stands under massive time pressure (Baron, 2000). This master thesis research project aims to fill the gap in literature and provide practical findings about the relationship of team characteristics and the speed of decision-making. The study revealed the importance of team characteristics with regards to the speed of decision-making in early stage startup companies. The conducted interviews identified the most influential team characteristics and the counter play of different team factors. Furthermore, the research stressed the importance for speed in entrepreneurial teams and the quality versus speed of the decision-making in early-stage startup teams.
Item Type:Essay (Master)
1989, Germany
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
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