Bad Vision, No Growth - An Empirical Study of the Relationship between Founders’ Growth Motivation, Vision Statements and Venture Growth at Internet Start-ups: Master Thesis - Daniel Zaleski
Master's Thesis from the year 2011 in the subject Business economics - Company formation, Business Plans, grade: 2,5, Maastricht University, course: International Business Entrepreneurship, language: English, abstract: ABSTRACT This study seeks to identify the relationship between founder motivation, vision statements, and venture growth at small internet firms. Based on a review of small firm growth, motivation, and vision theory, five hypotheses are developed. To empirically test these hypotheses, data was collected with a self-administrated online survey from 75 founders of small internet firms and 56 unique vision statements. The main findings from hierarchical multiple regression analysis reveal that Venture growth, measured by employment, is positively related to founder Growth aspiration and Vision attributes. Merely having a vision statement or including growth-related content is not associated with higher growth. However, the quality of a vision statement, as measured by several effectiveness attributes is positively related to venture growth. The perception of vision statements is very firm-specific, and perception gaps caused by founder and objective key-word evaluation are not significantly related to venture growth. The challenge for future research lies in developing more over-arching conceptualizations for the phenomenon of firm growth, but also in capturing the frequency and extent to which vision communication takes place at small firms. For more information visit: http://www.danielzaleski.de
What people are saying - Write a review
We haven't found any reviews in the usual places.
Abstract and Challenging adjusted R2 Baum Beta Brevity Clarity coefficient conceptualizations constructs content theories correlation Cronbach’s alpha determinants of growth e-mail effective vision statements eigenvalue entrepreneurial entrepreneurship explanatory variables factors Firm age firm growth firm’s founder motivation fuer full model future Growth aspiration growth calculation growth models growth motivation Growth satisfaction histogram homoscedasticity hypothesis increase Jahr key words key-word rating Kirkpatrick Kunden leadership Lehne ab Lehne Lehne stark Likert scales linear regression ln_venture_growth measures multicollinearity normal distribution number of employees online survey p-value parsimony model positively related potential respondents present study questionnaire rating scores regression analysis related to venture research model residuals sample scatterplot seven vision attributes Shane significant small firms SPSS stark zu Stimme stepwise regression Stimme stark Stimme zu Teils table 8a teils Lehne traditional vision attributes Unternehmen values variable Vision venture growth vision attribute gap vision communication vision statement attributes Wachstum