Conflicts between entrepreneurs and business angels: The impact of core values
(2019) ENTN19 20191Department of Business Administration
- Abstract
- Problem – Although core values and conflicts have been thoroughly explored in organizational theory, few attempts have been made to explain their combined impact on the entrepreneurial environment. Since investors and entrepreneurs act as the core decision makers within a venture, understanding the impact of their underlying motivations in relation to conflicts can provide valuable insights.
Aim – The purpose of this study is to understand how core values influence the conflicts that occur within the partnership of a business angel and an entrepreneur. More specifically, this study explores how value congruence or incongruence affects the investor-investee relationship within an entrepreneurial context and the effects of these values on... (More) - Problem – Although core values and conflicts have been thoroughly explored in organizational theory, few attempts have been made to explain their combined impact on the entrepreneurial environment. Since investors and entrepreneurs act as the core decision makers within a venture, understanding the impact of their underlying motivations in relation to conflicts can provide valuable insights.
Aim – The purpose of this study is to understand how core values influence the conflicts that occur within the partnership of a business angel and an entrepreneur. More specifically, this study explores how value congruence or incongruence affects the investor-investee relationship within an entrepreneurial context and the effects of these values on conflicts.
Methods – In order to answer the research question, a qualitative research approach was selected. Five dyads, investor-entrepreneur, were created and interviewed to explore the different perceptions from both perspectives.
Results – The findings indicate that core values, acting as guidance of investors and entrepreneurs’ behavior, can influence conflicts in various ways. Value congruence seems to lower the presence of conflicts within the partnership, while specific values have a generally positive effect. Moreover, core values affect the entrepreneurs’ pre-investment criteria for selecting investors, the business angels’ motivations to invest, the decision-making approaches, and the communication between the dyad.
Implications – This study contributes to the entrepreneurial theory by pinpointing the positive effects of value congruence in the relationship of business angels and entrepreneurs, and its conflict minimizing effect. Therefore, it lays the groundwork for further qualitative and quantitative research examining the impact of specific values and how value awareness and value congruence can act as a conflict management mechanism. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8990756
- author
- Iseli Troya, Andrea LU and Gavala, Eirini LU
- supervisor
- organization
- course
- ENTN19 20191
- year
- 2019
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- business angels, core values, entrepreneurs, task conflicts, relationship conflicts.
- language
- English
- id
- 8990756
- date added to LUP
- 2019-08-21 13:42:17
- date last changed
- 2019-08-21 13:42:17
@misc{8990756,
abstract = {{Problem – Although core values and conflicts have been thoroughly explored in organizational theory, few attempts have been made to explain their combined impact on the entrepreneurial environment. Since investors and entrepreneurs act as the core decision makers within a venture, understanding the impact of their underlying motivations in relation to conflicts can provide valuable insights.
Aim – The purpose of this study is to understand how core values influence the conflicts that occur within the partnership of a business angel and an entrepreneur. More specifically, this study explores how value congruence or incongruence affects the investor-investee relationship within an entrepreneurial context and the effects of these values on conflicts.
Methods – In order to answer the research question, a qualitative research approach was selected. Five dyads, investor-entrepreneur, were created and interviewed to explore the different perceptions from both perspectives.
Results – The findings indicate that core values, acting as guidance of investors and entrepreneurs’ behavior, can influence conflicts in various ways. Value congruence seems to lower the presence of conflicts within the partnership, while specific values have a generally positive effect. Moreover, core values affect the entrepreneurs’ pre-investment criteria for selecting investors, the business angels’ motivations to invest, the decision-making approaches, and the communication between the dyad.
Implications – This study contributes to the entrepreneurial theory by pinpointing the positive effects of value congruence in the relationship of business angels and entrepreneurs, and its conflict minimizing effect. Therefore, it lays the groundwork for further qualitative and quantitative research examining the impact of specific values and how value awareness and value congruence can act as a conflict management mechanism.}},
author = {{Iseli Troya, Andrea and Gavala, Eirini}},
language = {{eng}},
note = {{Student Paper}},
title = {{Conflicts between entrepreneurs and business angels: The impact of core values}},
year = {{2019}},
}