The thesis challenges the current growth and profitability nexus. By doing so, the author hopes to bring profitability back onto the center stage- the place it used to be, and the place where it ought to be. This is done by exploring the phenomenon in three separate studies, all focusing on a specific context; entrepreneurship research, entrepreneurship practice (Finnish bio and IT firms), and entrepreneurship stakeholder perspectives (entrepreneurs, venture capitalists, public investors, and policy makers.)
The three studies show how distorted the growth and profitability nexus really is, and how dominant the high-growth mantra has become. It affects how people think, behave, and make decisions. Therefore, this thesis argues for the correction of this distortion by the rediscovery of profitability in entrepreneurship.
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