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How to keep the entrepreneurial spirit in growing companies

<p>Abstract</p><p>Problem: Once a business is running, simultaneously the treat of loosing the entrepreneurial</p><p>spirit is occurring. The team is not as passionate and people do not seem as enthousiastic,</p><p>and what was once a mission is now seemingly nothing more than a job for you and for</p><p>them. Many factors cause the damage; however, the structure and the human resource</p><p>management are two particularly factors involved in that damage.</p><p>Purpose: The purpose of this thesis is to investigate how the structure and the human resource</p><p>management serve as rescuers to force and keep the entrepreneurial spirit. The authors</p><p>findings will help them give suggestions on how these two basic fields help in stabilizing</p><p>the entrepreneurship.</p><p>Method: The data collection is based on theories related to findings from the real life business</p><p>world. To assemble qualitative and reliable research, the authors conducted seven oral</p><p>interviews with professionals working in different positions. In addition, the interviewees</p><p>were selected from four different companies and different industries.</p><p>Conclusion</p><p>The structure in growing firms needs regular adjustment to hold a clear communication</p><p>and clear definition of responsibilities which are crucial for the survival of the firm. Firms</p><p>relying on innovativeness need to find the balance between openness of communication,</p><p>flexibility and the degree of bureaucratization. In addition, firms based on innovation</p><p>should be aware of tolerance of failure. Trust between management and employees also</p><p>tend to influence the overall performance of the firm.</p><p>As the business develops, HRM practices also follow a certain change and update. An established</p><p>firm needs to have clear competences of what is needed in the organization. Besides</p><p>that, the firms need to emphasize training and development. In addition to keep people</p><p>motivated and sustain the entrepreneurial spirit, firms need to be aware of rewarding.</p><p>Eventually the authors also discovered a need to include internationalization in their thesis</p><p>and how it is related to sustain the entrepreneurial spirit in growing firms.</p>

Identiferoai:union.ndltd.org:UPSALLA/oai:DiVA.org:hj-1364
Date January 2008
CreatorsLeffers, Henko, Elhorr, Suzanne
PublisherJönköping University, JIBS, Business Administration, Jönköping University, JIBS, Business Administration
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, text

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