Entrepreneurial growth and exit orientations a study of Finnish venture founders

Growth ventures and entrepreneurs attract interest in public conversation and media, and they are important actors in enhancing employment, productivity, and innovations. Growth ventures are naturally associated with the expectation of growth, but also entrepreneurial exit, the latter with perhaps m...

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Main Author: Lahovuori, Essi
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, Jyväskylän yliopisto, University of Jyväskylä
Format: Master's thesis
Language:eng
Published: 2021
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/76441
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author Lahovuori, Essi
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_facet Lahovuori, Essi Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä Lahovuori, Essi Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_sort Lahovuori, Essi
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description Growth ventures and entrepreneurs attract interest in public conversation and media, and they are important actors in enhancing employment, productivity, and innovations. Growth ventures are naturally associated with the expectation of growth, but also entrepreneurial exit, the latter with perhaps more minor attention in the literature and public conversation. However, it is assumed that the founder(s) withdraws from managerial or ownership responsibilities at some point in the venture life cycle, especially in growth companies. Founder’s exit has various consequences to founders themselves, company’s stakeholders, and organization, as well as the surrounding environment. Despite limited academic knowledge on entrepreneurial exit, different positive impacts of the exit have been presented: accumulated human and financial capital that are along with exit released back to the economic cycle. Nevertheless, much is still unknown regarding the psychological and broader economic impacts on an entrepreneur’s exit. This study aims to enlighten these aspects, among other things. The study was conducted by interviewing eight Finnish, growth-oriented venture founders in different stages of their entrepreneurial paths. Based on these interviews, an in-depth understanding of their growth and exit orientations is presented. The findings were analysed with interpretive methods meaning that the conclusions are subjective to the researcher’s interpretation. Growth and exit have been purposely combined in this study. The first objective is to comprehend which aspects influence founders’ growth orientation and ambitions as they are considered essential factors in leading the company towards a successful entrepreneurial exit. The second interest is how the founders perceive the surrounding phenomena of growth and exit culture. And lastly, how the exited founders discuss their exit. In the findings, multidimensional and, to some extent, complex founder perceptions are visible. Political responsibility is expected for both growth and exit matters, and the existing political systems are both acclaimed and criticized. In addition, despite there might generally prevail enthusiastic and positive attitude towards entrepreneurial exit among growth entrepreneurs, the interviewed founders’ concern is that such phenomenon neglects important societal matters such as building sustainable, domestic success stories.
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spellingShingle Lahovuori, Essi Entrepreneurial growth and exit orientations : a study of Finnish venture founders Yrittäjyys Entrepreneurship 20422 yrittäjyys kasvuyritykset entrepreneurship growth companies
title Entrepreneurial growth and exit orientations : a study of Finnish venture founders
title_full Entrepreneurial growth and exit orientations : a study of Finnish venture founders
title_fullStr Entrepreneurial growth and exit orientations : a study of Finnish venture founders Entrepreneurial growth and exit orientations : a study of Finnish venture founders
title_full_unstemmed Entrepreneurial growth and exit orientations : a study of Finnish venture founders Entrepreneurial growth and exit orientations : a study of Finnish venture founders
title_short Entrepreneurial growth and exit orientations
title_sort entrepreneurial growth and exit orientations a study of finnish venture founders
title_sub a study of Finnish venture founders
title_txtP Entrepreneurial growth and exit orientations : a study of Finnish venture founders
topic Yrittäjyys Entrepreneurship 20422 yrittäjyys kasvuyritykset entrepreneurship growth companies
topic_facet 20422 Entrepreneurship Yrittäjyys entrepreneurship growth companies kasvuyritykset yrittäjyys
url https://jyx.jyu.fi/handle/123456789/76441 http://www.urn.fi/URN:NBN:fi:jyu-202106113648
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