Innovation: Utvecklingskapitalbolagens påverkan på sina portföljföretag
Independent thesis Advanced level (degree of Magister)Student thesisAlternative title
Innovation: The influence of Venture Capitalists on their portfolio companies (English)
Background: The importance of creativity and innovation is frequently stressed in modern literature on management. The significance of innovation gives entrepreneurs the reason to prior to the commencement of a relationship with a venture capitalist, obtain necessary insights regarding the influences such a relationship may have, in terms of innovation. Purpose: The purpose of this thesis is to scrutinise the influence of venture capital firms on their portfolio companies regarding their ability to be innovative. Delimitations: The intent is to study the impact of a venture capitalist from the viewpoint of its portfolio companies. In other words, what the portfolio companies have perceived as changes is our main area of concern, rather than what the venture capitalist has perceived as change. Realisation: LinkTech, a venture capitalist located and active in the town of Linköping, has together with three of its portfolio companies constituted as an example for the empirical research. An interview with the CEO at LinkTech was carried out as well as interviews with managers at the three portfolio companies. Additionally, a survey aimed towards the employees atthe portfolio companies was conducted. Results: It has been found that a venture capitalist does influence its portfolio companies in terms of innovation. This is mainly done through changes in the existing strategy, but also through the building of networks, changes in the organisational structure of the firms, and through the establishment of reward systems. Empowerment, corporate culture, decision- making, and teamwork have also been examined but been shown to be less influenced.
Place, publisher, year, edition, pages
Ekonomiska institutionen , 2002. , 62 p.
Master Thesis in Business Administration (Magisteruppsats i Företagsekonomi), 2002:12
Business studies, Innovation, creativity, venture capitalists, entrepreneurs, change,
IdentifiersURN: urn:nbn:se:liu:diva-1081OAI: oai:DiVA.org:liu-1081DiVA: diva2:17446