Entrepreneurial Identity Formation Through Internal and External Social Engagements

Final coding scheme Category Sub-category Adaptation and Learning Idea development Learning from iterations and experiments Embracing change and flexibility Learning from sidebacks Continuous improvement Gaining know-how at CEU iLab Adapting to Covid 19 restrictions Moving from manual to data-driven Practical exposure Learning from real work projects Business idea Motivation to become entrepreneurs Embracing the Entrepreneurs Identity Identify market opportunities Adapt through learning Niche market exploration Problem identification Innovative solution Unique skill based Challenges and Obstacles Investment constrains Limited ecosystem supports for startups Collaborative Decision Making and Value in Diversity Value of diverse perspectives Harnessing collective intelligence Decision making dynamics within the team Balancing autonomy Decision quality Communication and Mentorship Open communication Role and mentorship development Mentor-mentee relationships Catalyst for professional growth Mentorship dynamics Explore to entrepreneurial ecosystem Accelerating project progress Community involvement Local engagement Supporting startups Decision making Balance between intuition and data-drive decision Learning from failures Financial decisions Risk assessment Transparency and assertiveness Digital presence and Branding Identity formation through online presence Strategic use of social media Branding Authentic online presence Building trust through online presence Evolving branding strategies Education and background Business education Leadership skills Project management skills Technical skills Entrepreneurial experience and knowhow Learning Impact of Entrepreneurship Knowledge Application of prior entrepreneurial experiences Learning from business failures Continuous learning Adapting to market changes Acquisition of new skills and experiences Entrepreneurial journey transformation Transformative experiences Identifying opportunities Entrepreneurial mindset Cultivating the mindset Resilience in entrepreneurial pursuits Overcoming obstacles Continuous learning Growth mindset Self-discipline work ethic Creativity and analytical skills Shared experiences and collaborations Feedback Receiving internal feedback and integrating Feedback Embracing constructive criticism Feedback Incorporation and adaptation Incorporating constructive feedback Flexible adaptation Balancing feedback Navigating resistance Embracing feedback Iterative refinement Evidenced based decision making adaptation Finances Compensation realignment Entreprenurial mindset Financial security Risk taking Embracing unpredictability Financial growth Innovation and Creativity Encouraging novel ideas Embracing failure Innovation as a catalyst for market differentiation Market Perception Shaping it through branding Strategies for market image Navigating perception in challenging landscape Authenticity in market perception Storytelling and emotional connection Mentorship Mentor influence Seeking advice Building relationship Networking and Relationship Building Networking in entrepreneurial ecosystems Meaningful and mutually beneficial relationships Developing trust and credibility in networking Relationships beyond transactional interactions Investor relationships Partner collaboration Access to mentors and advisor engagement Networking with peers and professionals Passion and Career Career progression and transition Pursuing entrepreneurship Passion for Business Flexibility in Career pursue Personal aspirations Desire for independence Entrepreneurial desire and motivation Competition Success Passion for Solution Development Prior leadership experiences Leadership role Teamwork Interpersonal skills Soft skills Regulation and compliance Legal consideration Compliance challenges Resilience Mental and emotional resilience in entrepreneurship Overcoming obstacles Risk aversion Self-reflection Balancing risk Evaluation risk and rewards Overcoming fear of failure Resilient mindset Role models and Influences Significant role models in life and careers Learning and inspiration from role models Extracting lessons from role models Mentorship Evolution of role models over time Shared team identity Aligning team vision and collective goals Evolution of shared identity over time Fostering shared sense of purpose Embracing cultural diversity Inclusion Market changes Balancing individual aspirations Team vision Identifying as entrepreneurs Social impact Balancing profit and ethical responsibility Reputation management Social media presence Limited social media engagement Focus on b2b segment Startup Operations Collaborative task allocations Effective communication and coordination Dynamic market environment Competition from established layers Startup break and future plans Temporary pause for personal growth Intention to resume in the future Strategic Planning and Growth Balancing short-term and long-term growth Anticipating growth and expansion opportunities Comprehensive planning Evaluation market trends Scaling operations Global perspective International expansion and econ growth Cultural awareness Team Communication and engagement Communication key to success High team engagement Fostering collaborative decision making Strong interpersonal relationships Celebrating milestones Team cohesion Pitching the idea Public speaking Team Roles Balancing team contributions Problem solving Flexibility Team collaboration and team dynamics Synergy Effective communication Open dialogue and idea sharing Conflict resolution Diverse perspective Nurturing trust Respect Inclusivity and Empowerment Team cohesion Leadership qualities Gender equality Learning Constructive feedback Team composition Diverse competencies Professional diversity Relationship building Teamwork Co-founder dynamics and collaboration Co-founder complementary skills Cofounders roles and activities Mutual support Decision making Intellectual rewards Celebrating common achievements Motivating each other Technical expertise and business acumen Collaboration and mutual support Strong team dynamics Open and honest communication Sharing responsibilities Technology and Digitalization Tech integration Digital marketing Vision Envion company growth and impact Expand product/service portfolio Goal setting and milestone achievements Work environment and flexibility Office space and physical environment Adapting to remote work Flexible work arrangements Work-life integration Collaborative workspace design Influence creativity and productivity Flexible hours Remote challenges Email Invitation The invitation was distributed via email to all entrepreneurial teams that had either completed or were nearing completion of the incubation program at CEU iLab. The administrative team of CEU iLab was responsible for managing the email distribution. The content of the emails sent to these teams was as follows: Dear X/Y Team, I would like to put you in contact with XXXX (in Cc), a third-year PhD student in Business Administration at XXXX. He is working on his thesis concept (about entrepreneurial team identity), and would like to collect primary data through a qualitative approach (semi-structured interviews) with entrepreneurial teams who are in our acceleration program. As part of this, he would like to have interviews with each of you as founders of X/Y. Please let us know if you would be available for this. Thank you, X/Y Interviews with Entreprene urial Teams Nr. Team Name Date Place Duration 1 A John Doe 08/2022 Zoom 65 min 2 A Mark Smith 08/2022 Zoom 45 min 3 B Brown David 09/2022 Zoom 45 min 4 B Alex Johnson 09/2022 Zoom 35 min 5 C James Wilson 10/2022 Zoom 35 min 6 C Michael Davis 10/2022 Zoom 35 min 7 C Sarah Miller 10/2022 Zoom 40 min 8 D Tom Taylor 09/2022 Zoom 45 min 9 D Olivia White 09/2022 Zoom 55 min 10 E Emma Moore 09/2022 Zoom 40 min 11 E Daniel Harris 09/2022 Zoom 55 min Interview with Individual Entrepreneuri al Team Members Nr. Entrepreneur Date Place Duration 1 Jack Wilson 08/2022 Zoom 39 min 2 Adam Taylor 08/2022 Zoom 51 min 3 Emily Johnson 08/2022 Zoom 52 min 4 George Martin 09/2022 Zoom 45 min 5 Kate Clark 09/2022 Zoom 41 min 6 Paul Lewis 09/2022 Zoom 35 min 7 Julia Roberts 09/2022 Zoom 35 min 8 Lucy Edwards 09/2022 Zoom 65 min 9 Chris Evans 09/2022 Zoom 56 min 10 Anna Scott 09/2022 Zoom 45 min 11 Raj Patel 09/2022 Zoom 41 min 12 Greg Adams 09/2022 Zoom 35 min 13 Robert Cooper 09/2022 Zoom 40 min 14 Peter King 09/2022 Zoom 45 min Secondary Data Obtained Through Web Scraping for ET Nr. Teams Type of Data Source of Data Number of Documents Total Number of Pages 1 A Media coverage, CV, Articles LinkedIn, Official websites, Google 4 11 2 B Media coverage, CV, Articles LinkedIn, Official websites, Google 3 9 3 C Media coverage, CV, Articles LinkedIn, Google 4 10 4 D Media coverage, CV LinkedIn, Google 3 9 5 E Media coverage, CV LinkedIn, Google 2 7