Entrepreneuring in Amsterdam – ACE@VU – Blog week 2

Entrepreneuring in Amsterdam – ACE@VU – Blog week 2

The past two months we, as a team, have emerged ourselves in the academic literature concerning gazelles, personal traits of entrepreneurs and those of high-growth firms. After reviewing seventy relevant papers we reduced this list to twenty-five highly relevant articles. Based on these articles we have designed a survey in order to develop a model to recognize gazelle entrepreneurs. This survey has been conducted among 64 master students whom are enrolled in the master course New Venture Creation and Development.

This will form the scientific base for our very practical business plan. This week we have been busy analyzing the results of the survey. As the output from Qualtrics did not give the clear overview we had expected, we have decided to approach an expert on SPSS to help us process the data. It is important that this is done properly since this model will be our proposed solution in the final report.

Another important decision we made this week is to incorporate our scientific article about gazelle entrepreneurs in the appendix. This way it can be shown that our practical solutions and ideas finds a solid base in the scientific literature. Moreover, by structuring the report in such a manner, the efforts made in the last two months can be reflected in the quality of the overall report.

This week we have written the introduction, methods and theoretical framework of the, to be included, scientific paper. The analysis has to be completed by the end of next week in order to have enough time to conduct market research to identify possible roadblocks. Simultaneously, all the elements that make the proposed solution will be written during this week. Check in next week to see our progress.

Joep van Gelder

Jeroen ten Hoopen

Luuk Staudt

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Guido Spooren, Week 51, New Challenge

Guido Spooren, Week 51, New Challenge

Hi readers, welcome to my fourteenth blog about my internship at Feniksgroep.

This week, we finally received an e-mail from one of our internship coordinators. She took quite some time with answering our questions, since both her and our other coordinator had a flu and were quite ill because of it. My task now is to send an e-mail to the webmaster of the Feniksgroep website with the question whether he can grant me the log-in details for the Content Management System, in order to edit their website. Recall that I had contact with the webmaster about this a while back and I told him that I would ask our internship coordinator for those details. Unfortunately however, due to her late response, I have to try it again by asking the webmaster for those details.

Also this week, every internship group from our class had a meeting with the professor for our last course of our minor: Entrepreneuring in Amsterdam. During this course, our task is to work full-time on our internships. However, our challenge has gotten a little mixed-up. The task at hand now is to split up again into two groups of three, as we did at the beginning of our internship. Each of those groups has to hand in a business plan at the end of the course, which will be at the end of January. This means that we will have a lot more to do besides our initial tasks we gave ourselves for the remaining weeks. Hopefully, we will manage to do this successfully. Time will tell…

I hope you’ve enjoyed reading my blog and hopefully you will read my next week’s blog as well! 🙂

Guido

Guido Spoore, Week 50, Deadlines and Appointments

Guido Spoore, Week 50, Deadlines and Appointments

Hi readers, welcome to my thirteenth blog about my internship at Feniksgroep.

Unfortunately, this week has been a rather quiet week for me concerning my internship. I have been busy the past 2 weeks with 3 other courses at the same time, who all have multiple deadlines and exams. The is turn caused some stress on my side, since I do want to finish all of my courses with a sufficient mark, so I do not risk having to spend the entire next year on one or perhaps two failed courses, before I can start my Masters study the year after that. That is the major reason why I have been shifting my attention more towards my actual study deadlines and exams, rather than towards my internship.

That is however not the only reason why I’ve spent less time on my internship this week. I’m still waiting for our coordinator to send me the log-in data for the Content Management System (CMS) that they use in order to manage their website. As I told last week, I had contact with the webmaster of the Feniksgroep website and he told me that, since it was alright with our coordinator, I could edit their website by adding the video and all of the information. This was the easiest and cheapest solution, so win-win! However, I have already asked our coordinator twice about the log-in data, without response unfortunately, so I will try to contact her yet again next week. The same holds for making appointments with the actors and the cameraman in order for us to shoot the  video. My group mates are busy with trying to manage that, but they are undoubtedly also very busy with their deadlines. However, after next week, all of our deadlines and exams are over, which means we can spend a lot more time on our internship again!

I hope you’ve enjoyed reading my blog and hopefully you will read my next week’s blog as well! 🙂

Guido

Luuk Staudt – Blog 13, Week 50 – Planning our final report

Luuk Staudt – Blog 13, Week 50 – Planning our final report

Dear reader,

As the students are filling in the survey, we had some time to think about how we want to structure our final report at the end of January. Wednesday is the extended deadline for the students to complete the survey. Despite the prospect of the coming Christmas holiday, we decided that it would handy to already produce the frequency tables of the filled in surveys. It allows us to indentify which items are suitable for further analyses and which items can be discarded.

In the beginning of January we will write the theoretical framework so we are able to test the clusters of items against the theoretical framework. This way of approaching the challenge enables us to go deeper into the analyses. Although we just found out the final report has a word limit of 4500 we are confident that we can still provide a high quality paper within the set limits. Our expectation is that it forces us to scrutinize the relevance of the academic literature even more.

We also set ourselves the goal of adding more interviews. They gave us some insights into the thought process of the gazelle entrepreneurs. Even though we are not sure we can fully incorporate it into our final report, we feel that it could enrich the report by just having the extra knowledge. Moreover, it cannot harm having some extra gazelle entrepreneurs in your network. It offers a lot of potential resources for the future.

Next week we will have the final meeting with our counselor before the Christmas break. With him we will have a first glance at the frequency tables generated by Qualtrics. I look forward to informing you about the results next week. For now, have a good weekend.

Luuk Staudt (2596898)

Joep van Gelder, week 50, Internship ACE@VU

Joep van Gelder, week 50, Internship ACE@VU

Joep van Gelder

2521983

Dear readers,

Today we had an early meeting with our internship guide (read: 9 o’clock). As our survey has been launched this Monday, we are waiting for all students to fill it in. A total number of 66 students has to, seen as it is a mandatory ‘assignment’ for their course. If they do not do it, they won’t get a grade. To date, 42 people have filled in the survey. By the end of the week, they should all have done this. We’ll wait and see.

Furthermore, we discussed the template for our research paper. In the given template, as found in the course documents of Entrepreneuring in Amsterdam, we find some elements that we do not agree with. This will be discussed with our guide, as well as with the course lecturer. An example is the Canvas Business Model. We think that this will affect the quality of the paper eventually. Notwithstanding, we are already going to write a theoretical chapter and we are sure that we will be able to deliver the quality that may be expected from us.

We also discussed some of the results of the survey so far. It was for example seen that there were only 4 women who filled in the survey. From then on, we went a bit of topic and talked about the possibility of this fact to be a research issue itself. Why do we attract a low amount of women to the Master Entrepreneurship? We furthermore talked about the upcoming Christmas events. In sum, we can say that inspiration for the blog decrease every week. There is less to be said. Therefore, we will await the survey results for now. In January, inspiration will be back, as the hard work will really start by then.

Guido Spooren, Week 49, New Meeting With Our Coordinators

Guido Spooren, Week 49, New Meeting With Our Coordinators

Hi readers, welcome to my twelfth blog about my internship at Feniksgroep.

This week, on Wednesday to be precise, we once again had a meeting with our internship coordinators to talk about the progress of our challenge. However, the Tuesday before we first sat together with everyone from our group to discuss some new to-do’s. At that point, we realized that some of our plans might be a little too much work before our deadline, which is nearing soon. This meant that we had to change our plans a little in order to successfully finish this challenge.

Unfortunately, when we had our appointment the next day with our coordinators, 3 of our group members couldn’t make it due to other appointments, but fortunately for me, I was there after I had missed the previous meeting. We talked to them about what we had done so far, what we still wanted to do and how we wanted to manage this, since there had been a slight change of plans. Fortunately, our coordinators agreed with us that the plans were too big to realize in too little time, so our solution to that problem was alright with them. Furthermore, they had great tips for us on how to manage finishing our challenge in time. This mainly involved by setting clear deadlines, also for the people who are involved in our challenge, such as the actors acting in our short movie. This means that we shouldn’t hesitate to call everyone and being specific about what we want, and more importantly, when we want it. Only then we can manage to successfully finish our challenge. This was also discussed during one of our lectures 2 weeks back; it is easier to demand something from people that are less close to you than from friends, since you might harm your friendship that way.

Hopefully, if we manage to do this, I will be able to tell you next week if we were able to make some serious progress.

I hope you’ve enjoyed reading my blog and hopefully you will read my next week’s blog as well! 🙂

Guido

Luuk Staudt – Blog 12, Week 49 – ACE@VU

Luuk Staudt – Blog 12, Week 49 – ACE@VU

Hello reader,

Last week I told you about the interview we’ve conducted with a gazelle entrepreneur and our progress with the survey. This week we approached an expert in the field of methodology to further strengthen our survey. With her feedback we were able to further improve the quality of our survey. All the work that’s being done in that field will make the process of analyzing the results more smooth.

Next Tuesday is the big day of the survey. All the Master students from the course New Venture Creation and Development will be informed about the subject and will be given 2 hour to complete the survey. The two hours that they are offered will not be fully utilized since it only takes 20 minutes to complete the survey. However, by offering them enough time we improve the chance of them taking it seriously.

The upcoming process of analyses will take a lot of time. Reason for this is that all the items have to be checked for their interrelatedness and interconnections. I think that all of us don’t have the fondest memories of the statistical program SPSS, but it is essential to take our time and make sure every possibility is analyzed. Based on the results we should be able to develop a good model for predicting gazelle entrepreneurs.

Next week we will have time to arrange more interviews for the final report. Due to the deadline for the survey this was put on hold for a moment. As you could read in last week’s blog these interviews really are the most fun part. For the final report this will prove to be of value as well. By that time I will make sure that everyone who is interested in the subject will receive a copy. Have a good weekend.

Luuk Staudt (2506898)