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Dissertation
Accelerating Entrepreneurial Decision-Making Through Hybrid Intelligence
(2020)
Purpose: Previous studies revealed that around 75 percent of all start-ups fail at an early stage. One main reason for this tremendous failure rate is that entrepreneurs are typically confronted with high levels of uncertainty about the viability of their proposed business idea. Following this argumentation, entrepreneurial decision-making can be defined as complex decision-making problem under both risk and uncertainty. While risk includes quantifiable probabilities, uncertainty describes situations where neither ...
Dissertation
Crowd-Based Entrepreneurship
(2020)
The aim of this dissertation is to explore the innovation potential of crowdsourcing for entrepreneurship. The main focus is to discover how crowd-based infrastructures (i. e., crowdsourcing platforms and crowdfunding platforms) can support entrepreneurs in their innovation activities and how this new paradigm can be used to generate value for customers as well as actors of entrepreneurial ecosystems. The results of the dissertation show that crowdsourcing offers numerous opportunities to support entrepreneurs in ...
Dissertation
Analysis on Successful Project Completion in Reward-based Crowdfunding
(2023-10)
Project creators often encounter difficulties when trying to secure funding. This is primarily because traditional investors view projects as lacking equity, not attractive enough and carrying high risks. However, with the advent of Web 2.0 crowdfunding has emerged as an alternative financing option in recent years. While crowdfunding continues to foster innovation and creativity the success rate of reward-based crowdfunding campaigns is often below 50%. Consequently, project creators are actively seeking solutions ...