How to keep the entrepreneurial spirit in growing companies
Abstract (Summary)AbstractProblem: Once a business is running, simultaneously the treat of loosing the entrepreneurialspirit is occurring. The team is not as passionate and people do not seem as enthousiastic,and what was once a mission is now seemingly nothing more than a job for you and forthem. Many factors cause the damage; however, the structure and the human resourcemanagement are two particularly factors involved in that damage.Purpose: The purpose of this thesis is to investigate how the structure and the human resourcemanagement serve as rescuers to force and keep the entrepreneurial spirit. The authorsfindings will help them give suggestions on how these two basic fields help in stabilizingthe entrepreneurship.Method: The data collection is based on theories related to findings from the real life businessworld. To assemble qualitative and reliable research, the authors conducted seven oralinterviews with professionals working in different positions. In addition, the intervieweeswere selected from four different companies and different industries.ConclusionThe structure in growing firms needs regular adjustment to hold a clear communicationand clear definition of responsibilities which are crucial for the survival of the firm. Firmsrelying on innovativeness need to find the balance between openness of communication,flexibility and the degree of bureaucratization. In addition, firms based on innovationshould be aware of tolerance of failure. Trust between management and employees alsotend to influence the overall performance of the firm.As the business develops, HRM practices also follow a certain change and update. An establishedfirm needs to have clear competences of what is needed in the organization. Besidesthat, the firms need to emphasize training and development. In addition to keep peoplemotivated and sustain the entrepreneurial spirit, firms need to be aware of rewarding.Eventually the authors also discovered a need to include internationalization in their thesisand how it is related to sustain the entrepreneurial spirit in growing firms.
School:Högskolan i Jönköping
Source Type:Master's Thesis
Date of Publication:08/28/2008