How Multicultural Startups Manage and Succeed in Finland
Aksenkina, Evgeniya (2018)
Aksenkina, Evgeniya
Lahden ammattikorkeakoulu
2018
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2018060212091
https://urn.fi/URN:NBN:fi:amk-2018060212091
Tiivistelmä
Nowadays, startups are the organizations which perform best in an uncertain global business environment. In this age of constant change and internalisation, especially multicultural startups can be a highly powerful and agile force which boosts economic growth. This thesis explores how multicultural startups manage and succeed in Finland.
The aim of this thesis is to provide a deeper understanding of the multicultural startup scene in Finland. The goal is to explore the existing Finnish startup ecosystem and to create a list of recommendations for multicultural startups in Finland in order to help them overcome certain difficulties they face and succeed in what they are doing. This thesis can be also useful for anyone who wants to build their own multicultural startup or work in such organization.
This study is based on deductive approach and qualitative methods of data analysis. Both secondary and primary sources of data are used in the research. Secondary data is collected from reliable printed and electronic sources. Primary data is collected by conducting interviews with employees of multicultural startups. This thesis examines relevant theories about startups, such as the lean startup methodology and startup lifecycle. Startup ecosystem, its maturity level and Finnish startup ecosystem are also explained in theoretical part of the thesis.
Findings of the research suggest that multicultural startups and their employees face employment issues (specifically for hiring people from abroad), bureaucracy, the startup scene being significantly developed only in Helsinki but not in other regions of the country, lack of financing, cultural issues and unfair use of unpaid work. In order to overcome these issues multicultural startups need to seek help from startup hubs, mentors and Finnish government, be active, improve cross-cultural communication, use lean startup method and be aware of certain issues to avoid having problems with them.
The aim of this thesis is to provide a deeper understanding of the multicultural startup scene in Finland. The goal is to explore the existing Finnish startup ecosystem and to create a list of recommendations for multicultural startups in Finland in order to help them overcome certain difficulties they face and succeed in what they are doing. This thesis can be also useful for anyone who wants to build their own multicultural startup or work in such organization.
This study is based on deductive approach and qualitative methods of data analysis. Both secondary and primary sources of data are used in the research. Secondary data is collected from reliable printed and electronic sources. Primary data is collected by conducting interviews with employees of multicultural startups. This thesis examines relevant theories about startups, such as the lean startup methodology and startup lifecycle. Startup ecosystem, its maturity level and Finnish startup ecosystem are also explained in theoretical part of the thesis.
Findings of the research suggest that multicultural startups and their employees face employment issues (specifically for hiring people from abroad), bureaucracy, the startup scene being significantly developed only in Helsinki but not in other regions of the country, lack of financing, cultural issues and unfair use of unpaid work. In order to overcome these issues multicultural startups need to seek help from startup hubs, mentors and Finnish government, be active, improve cross-cultural communication, use lean startup method and be aware of certain issues to avoid having problems with them.