aalto1 untyped-item.component.html
Adaptive decision-making frameworks: Evolution across entrepreneurial team life cycle phases
Loading...
URL
Journal Title
Journal ISSN
Volume Title
School of Business |
Master's thesis
Unless otherwise stated, all rights belong to the author. You may download, display and print this publication for Your own personal use. Commercial use is prohibited.
Authors
Date
Department
Major/Subject
Mcode
Language
en
Pages
51
Series
Abstract
The main purpose of this thesis was to examine how decision-making models developed by entrepreneurial teams progress throughout the various stages of the venture's life cycle. Five founding members were interviewed about their experience in developing their decision-making processes, utilizing the Gioia analysis method. This research identified that there are three distinct developmental states of decision-making processes for entrepreneurial teams. In the initial venture development stages, decision-making occurs on an informal and intuitive basis. In the growth phase of the venture, decision-making is formally established and structured. In the later (mature) stages of the venture, decision-making is conscious and flexible to enable successful long-term performance. One major contribution of this study was the creation of the Adaptive Decision-Making Toolbox. The Adaptive Decision-Making Toolbox represents a practical synthesis of the theoretical and empirical research to support the proactive management and improvement of the decision-making capability of entrepreneurs as their ventures grow and evolve.