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Entrepreneurship training for new ventures

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Ojala, A., & Heikkilä, J. (2010). Entrepreneurship training for new ventures. International Entrepreneurship and Management Journal. https://doi.org/10.1007/s11365-009-0126-3
Published in
International Entrepreneurship and Management Journal
Authors
Ojala, Arto |
Heikkilä, Jukka
Date
2010
Discipline
AsiantuntijapalvelutElektroninen liiketoiminta
Copyright
© Springer. This is an electronic final draft version of an article whose final and definitive form has been published in International Entrepreneurship and Management Journal by Springer.

 
Several studies in the field of international entrepreneurship have indicated the inadequacy of public policy support for new ventures and called for more tailored training programs. This paper introduces a training program created for new ventures in Central Finland and analyzes its benefits and shortcomings using a qualitative case study. The findings reveal that the training program provided useful knowledge on how to develop a business further and how to make it understandable and attractive to a funder. However, the findings also indicate that there is a need for cultural adaptation: the training program developed originally for U.S. new ventures was not fully adapted for the needs of Finnish entrepreneurs. The program mainly focused on risk taking, raising funds from capital markets in the U.S., and entering into the U.S market soon after the establishment. This was in contrast to the Finnish entrepreneurs’ strategies: they preferred to grow their business in a more controlled and profitable manner. Thus, although knowledge-intensive new ventures operate in global environments, the training provided for them should take into account the cultural differences and the local way of doing business. ...
Publisher
Springer
ISSN Search the Publication Forum
1554-7191 (Print) 1555-1938 (Online)
Keywords
Entrepreneurship training - New ventures - International entrepreneurship - Small firms - Finland
DOI
https://doi.org/10.1007/s11365-009-0126-3
URI

http://urn.fi/URN:NBN:fi:jyu-2011111511683

Publication in research information system

https://converis.jyu.fi/converis/portal/detail/Publication/19145688

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  • Informaatioteknologian tiedekunta [1651]
  • Kauppakorkeakoulu [953]

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