Academic Spin-off Managers as Builders of Resources
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CitationNevalainen, Olli-Matti. Eriksson, Päivi. Montonen, Tero. (2017). Academic Spin-off Managers as Builders of Resources. Leveraging Human Resources for Humanizing Management Practices and Fostering Entrepreneurship, 280-290.
The paper focuses on the financial and non-financial resources of university spin-off companies. It explores how spin-off managers with prior business experience use causal and effectual logics when building finance-related resources for their companies. The research draws from narrative interviews and documentary data from five case companies, which were submitted to qualitative content analysis. The managers’ report diverse ways of building finance-related resources over time. Causal logic dominated their narratives, whereas effectuation logic was demonstrated in narratives in particular concerning the early stages of the spin-offs when experienced outsiders helped the company build resources and the utilization of resources available through academic or professional contacts. The paper contributes to discussions of how finance-related resources are built-up over time in academic spin-off companies.