eprintid: 476 rev_number: 11 eprint_status: archive userid: 64 dir: disk0/00/00/04/76 datestamp: 2021-07-30 10:07:51 lastmod: 2021-07-30 10:09:47 status_changed: 2021-07-30 10:07:51 type: thesis metadata_visibility: show creators_name: Palani, Pugazheanthi corp_creators: Mark Campbell title: An Exploratory Analysis of the Characteristics and Prerequisites of an Appropriate Business Partner in the Early Stage of Start-up Business. ispublished: submitted subjects: H1 subjects: HM divisions: MscIBM full_text_status: public keywords: Business, Business partner, Characteristics and prerequisites of business. abstract: This study shows the overall selection criteria which need to be considered while selecting a co-founder and founding team member in the early stage of a start-up business which includes characteristics and prerequisites. Most of the start-up business fails due to conflict and miscommunication among co-founder's caused by inappropriate selection at the founding stage of the start-up business which can be recovered by educating the start-up entrepreneurs with the help of Elite Co-founder theory. This research will propose the Elite Co-founder’s theory for Entrepreneurial academic purpose and Elite co-founder model for real-world start-up co-founder selection process. Based on both academic and business demand for co-founder problems in a start-up, this Elite Co-founder model was created with three brain systems of intuition are head, brain, heart (Soosalu et al., 2019). Co-founder conflicts are the main reason behind every aspect of start-up business failure backed by miscommunication and assumptions based on situations. ‘’With the long hours it takes to get a start-up off the ground, you’ll spend more time with your co-founder than your spouse’’ (Bornstein, 2017). The constructivist grounded theory of Elite Co-founder is designed and developed to support the Elite Co-founder model and it's is a one-page template contains all the essential and critical characteristics and prerequisites required for the co-founder candidate for a start-up (Alvarez et al., 2010). Overall, the eligibility check consists of evaluation methodology between a founder and co-founder profile to check the similarity rate / complementary rate. If the co-founder candidate scores above 52% in similarity rate / complementary rate, then they would be preferred candidates with optimum eligibility to work in a start-up business as a co-founder, interviewed, and graded by the founder of that start-up with the help of Elite Co-founder model. The results achieved by doing the co-founder evaluation test, is fully up to the founder intuition, knowledge, belief, skills, character, thoughts, requirements, and expectations (Pérez and Canino, n.d.). date: 2020-08-28 date_type: submitted institution: Griffith College department: Graduate Business School: MSc in International Business Management thesis_type: masters referencetext: Bibliography: (Anon, n.d.). Entrepreneurial Research on Student Subjects Does Not Generalize to Real World Entrepreneurs - ProQuest. Available at: https://search.proquest.com/openview/a39564bcb72b55215086e6a03e4ce91b/1?pq�origsite=gscholar&cbl=49244 (Accessed: 3 May 2020a). (Anon, n.d.). Examining the Relationship between Personality and Entrepreneurial Career Preference: Entrepreneurship & Regional Development: Vol 3, No 2. Available at: https://www.tandfonline.com/doi/abs/10.1080/08985629100000013 (Accessed: 3 May 2020b). (Anon, n.d.). The Application of Psychological Testing to Entrepreneurial Potential - Michael Palmer, 1971. Available at: https://journals.sagepub.com/doi/abs/10.2307/41164291?journalCode=cmra (Accessed: 3 May 2020c). (Anon, n.d.). What Success Factors Are Important to Small Business Owners? - Elizabeth Walker, Alan Brown, 2004. Available at: https://journals.sagepub.com/doi/abs/10.1177/0266242604047411?casa_token=O�B7GgQcF98AAAAA:Mu_QexwvTu9JrqQ5Vd4T0nLkv7bnRDGwKL4C7klFjEgMRkyzEmgUpGin XtfB41WsBW-zx76HasghCQ (Accessed: 3 May 2020). Alvarez, S.A. and Busenitz, L.W. (2001) ‘The Entrepreneurship of Resource-Based Theory’. Journal of Management, p. 21. Brandstätter, H. (2011) ‘Personality Aspects of Entrepreneurship: A Look at Five Meta-Analyses’. Personality and Individual Differences, 51(3), pp. 222–230. DOI: 10.1016/j.paid.2010.07.007. Ciavarella, M.A. et al. (2004) ‘The Big Five and Venture Survival: Is There a Linkage?’ Journal of Business Venturing, 19(4), pp. 465–483. Collis, J. and Hussey, R. (2013) Business Research: A Practical Guide for Undergraduate and Postgraduate Students. Macmillan International Higher Education. Collis, J. and Hussey, R. (2013) Business Research: A Practical Guide for Undergraduate and Postgraduate Students. Macmillan International Higher Education. Creative Personality, Opportunity Recognition and the Tendency to Start Businesses: A Study of Their Genetic Predispositions. Available at: https://www.researchgate.net/publication/262641979_Creative_personality_opportunity_recogni tion_and_the_tendency_to_start_businesses_A_study_of_their_genetic_predispositions (Accessed: 24 August 2020a). Dane, E., Rockmann, K.W. and Pratt, M.G. (2012) ‘When Should I Trust My Gut? Linking Domain Expertise to Intuitive Decision-Making Effectiveness’. Organizational Behavior and Human Decision Processes, 119(2), pp. 187–194. DOI: 10.1016/j.obhdp.2012.07.009. Dunn, B.D. et al. (2010) ‘Listening to Your Heart: How Interoception Shapes Emotion Experience and Intuitive Decision Making’. Psychological Science, 21(12), pp. 1835–1844. DOI: 10.1177/0956797610389191. Entrepreneurial Intentions: The Influence of Organizational and Individual Factors | Request PDF. ResearchGate. DOI: 10.1016/j.jbusvent.2009.04.003. Fisher, C. and Buglear, J. (2004) Researching and Writing a Dissertation for Business Students. Financial Times Prentice Hall. Fisher, C. and Buglear, J. (2004) Researching and Writing a Dissertation for Business Students. Financial Times Prentice Hall. Jack Ma on the China Opportunity at Gateway ’17. (2017). YouTube. Available at: https://www.youtube.com/watch?v=B0vkX-CzKTY [Accessed 10 Jan. 2020]. Kerr, S.P., Kerr, W.R. and Xu, T. (2018) ‘Personality Traits of Entrepreneurs: A Review of Recent Literature’. Foundations and Trends® in Entrepreneurship, 14(3), pp. 279–356. Kerr, S.P., Kerr, W.R. and Xu, T. (2018) ‘Personality Traits of Entrepreneurs: A Review of Recent Literature’. Foundations and Trends® in Entrepreneurship, 14(3), pp. 279–356. Khatri, N. and Ng, H.A. (2000) ‘The Role of Intuition in Strategic Decision Making’. Human Relations, 53(1), pp. 57–86. DOI: 10.1177/0018726700531004. Leutner, F. et al. (2014) ‘The Relationship between the Entrepreneurial Personality and the Big Five Personality Traits’. Personality and Individual Differences, 63, pp. 58–63. DOI: 10.1016/j.paid.2014.01.042. Pérez, E.H. and Canino, R.M.B. ‘The Importance of the Entrepreneur’s Perception of “Success”’. p. 21. Radin, D.I. and Schlitz, M.J. (2005) ‘Gut Feelings, Intuition, and Emotions: An Exploratory Study’. The Journal of Alternative and Complementary Medicine, 11(1), pp. 85–91. DOI: 10.1089/acm.2005.11.85. Rahman, S.A. et al. (2015) ‘Supporting Entrepreneurial Business Success at the Base of Pyramid through Entrepreneurial Competencies’. Management Decision, 53(6), pp. 1203–1223. DOI: 10.1108/MD-08-2014-0531. Rocha, H. and Birkinshaw, J. (2006) ‘Entrepreneurship Safari: A Phenomenon-Driven Search for Meaning’. Foundations and Trends® in Entrepreneurship, 3(3), pp. 205–255. DOI: 10.1561/0300000016. Roeser, S. (2010) ‘Intuitions, Emotions and Gut Reactions in Decisions about Risks: Towards a Different Interpretation of “Neuroethics”’. Journal of Risk Research, 13(2), pp. 175–190. DOI: 10.1080/13669870903126275. Sadler-Smith, E. and Shefy, E. (2004) ‘The Intuitive Executive:Understanding and Applying “Gut Feel” in Decision-Making’. Academy of Management Perspectives, 18(4), pp. 76–91. DOI: 10.5465/ame.2004.15268692. Saunders, M. et al. (2009) ‘Analysing Qualitative Data’. Research Methods for Business Students. 5th Edn. Harlow, Essex, UK: Pearson Education Ltd, pp. 480–525. Saunders, M. et al. (2009) ‘Analysing Qualitative Data’. Research Methods for Business Students. 5th Edn. Harlow, Essex, UK: Pearson Education Ltd, pp. 480–525. Service, R. (2009) ‘Service, R. W. (2009). LQ: The Leadership Quotient: Measuring toward Improve. Business Renaissance Quarterly, 4(1):125-158.’ Business Renaissance Quartely. Soosalu, G., Henwood, S. and Deo, A. (2019) ‘Head, Heart, and Gut in Decision Making: Development of a Multiple Brain Preference Questionnaire’. SAGE Open, 9(1), p. 2158244019837439. DOI: 10.1177/2158244019837439. Tehseen, S. and Ramayah, T. (2015) (1) ‘Entrepreneurial Competencies and SMEs Business Success: The Contingent Role of External Integration’. Mediterranean Journal of Social Sciences, 6(1), p. 50. Tenibiaje, D.J. (2010) ‘Personality Traits, Parenting and Interest Are Precursors to Successful Entrepreneurial Skills’. Journal of Emerging Trends in Educational Research and Policy Studies, 1(1), pp. 25–28. Tuchen, M. (2016) ‘How Choosing the Wrong Cofounder Can Destroy Your Business’. Fortune.Com, pp. 266–266. Wasserman, N. (2012) The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup. Princeton University Press. Wasserman, N. (2012) The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup. Princeton University Press.Bornstein, A. (2017) ‘How Do I Find a Cofounder?’ Entrepreneur, 45(8), pp. 30–30. citation: Palani, Pugazheanthi (2020) An Exploratory Analysis of the Characteristics and Prerequisites of an Appropriate Business Partner in the Early Stage of Start-up Business. Masters thesis, Griffith College. document_url: http://go.griffith.ie/476/1/Pugazheanthi%20Palani.pdf document_url: http://go.griffith.ie/476/2/Pugazheanthi%20Palani.txt