The impact of industrial context and institutional factors on innovation and internationalization of Russian companies

Innovation and internationalization nowadays play significant role in formation of the competitive advantage for the companies and it is important to explore these processes deeply and use their potential. Such parameters, as industrial context and institutional factors, are essential parts of the business life and their influence may be crucial for the company’s performance. The Master’s Thesis explores impact of industrial context and institutional factors on innovation and internationalization of Russian companies. This research is quantitative and based on the analysis of the relevant scientific literature and results of the survey, conducted among Russian manufacturing companies. Findings show positive influence of industrial context factor “international threat” and institutional environment factor “lack of resources and the market imperfections” on internationalization of innovative Russian companies.

The interconnections between customer loyalty, employee engagement and business performance

The interconnections of customer loyalty, employee engagement and business performance have been separately examined in several previous studies but actually a coherent study combining all of these components together has been lacking. This thesis aims to study all of these components and their interrelations at the same time in order to understand the organization as a one whole. The thesis includes an encompassing review of the previous studies related to customer loyalty and employee engagement. The theory presents both the theoretical approaches and the empirical findings from the earlier literature and builds therefore a strong fundament for the empirical part of this thesis. The empirical data in this thesis was provided by three case companies of a Nordic group operating in a business-to-business professional services branch and it used the Net Promoter Score method for measuring both customer loyalty and employee engagement. The thesis left interesting research questions open and provides therefore an intriguing study field for the future researches.

Digital content and making it viral in social media

Tutkimuksen tavoite on selvittää digitaalisen sisällön ominaisuuksia, jotka vaikuttavat ryhtyvätkö kuluttajat jakamaan, tykkäämään ja kommentoimaan sitä sosiaalisessa mediassa. Tällä pyritään auttamaan yrityksiä ymmärtämään paremmin viraalisuutta, jotta he pystyisivät tuottamaan ja julkaisemaan nettisivuillaan ja sosiaalisessa mediassa parempaa sisältöä, jota kuluttajat jakaisivat enemmän. Tutkimus toteutetaan muodostamalla hypoteeseja mahdollisista ominaisuuksista kirjallisuuden perusteella ja testaamalla niitä regressioanalyyseillä empiirisessä osiossa. Tulokset paljastavat yhdeksän piirrettä, jotka lisäävät viraalisuutta: kiinnostavuus, neutraalisuus, yllättävyys, viihdyttävyys, epäkäytännöllisyys, artikkelin ja Facebook julkaisun pituus, eri sisältö taktiikoiden käyttö (erityisesti blogit ja kuvat lisäävät viraalisuutta) sekä kun mielipidevaikuttaja tai kuuluisuus jakaa sisällön.

Why to invest more in women's football for your brand and your business?

The aim of this master’s thesis is to study the role of sponsorship in the business value of companies and clubs. In order to achieve this goal, the French women’s football context is studied. The main research question is formulated as follows: What is the business value in sport sponsorship? The literature and theory part consists of three chapters that clearly follow the theoretical framework: from the sport sponsorship to the sponsor brand, from the sponsor brand to the brand equity, from the brand equity to the business value. The empirical part of the master’s thesis is based on qualitative research method. Face-to-face interviews were conducted with 4 participants who are Sponsorship Manager or General Manager of French women’s football clubs or sponsors and thus considered as specialists of the study context. The results of the study show that the planning process, the objectives, the sponsor brand, the brand equity components such as the customer behaviour, the economic, financial and immaterial values have positive impacts on the business value in sport sponsorship in the French women’s football context.

Development of Piping Stress Analysis Guideline for Neste Jacobs' Projects

The aim of this research was to develop a piping stress analysis guideline to be widely used in Neste Jacobs Oy’s domestic and foreign projects. The company’s former guideline to performing stress analysis was partial and lacked important features, which were to be fixed through this research. The development of the guideline was based on literature research and gathering of existing knowledge from the experts in piping engineering. Case study method was utilized by performing stress analysis on an existing project with help of the new guideline. Piping components, piping engineering in process industry, and piping stress analysis were studied in the theory section of this research. Also, the existing piping standards were studied and compared with one another. By utilizing the theory found in literature and the vast experience and know-how collected from the company’s employees, a new guideline for stress analysis was developed. The guideline would be widely used in various projects. The purpose of the guideline was to clarify certain issues such as which of the piping would have to be analyzed, how are different material values determined and how will the results be reported. As a result, an extensive and comprehensive guideline for stress analysis was created. The new guideline more clearly defines formerly unclear points and creates clear parameters to performing calculations. The guideline is meant to be used by both new and experienced analysts and with its aid, the calculation process was unified throughout the whole company’s organization. Case study was used to exhibit how the guideline is utilized in practice, and how it benefits the calculation process.

Telahiomon tuotannon läpimenoajan ja laadun optimointi

Tämän diplomityön tarkoituksena on tunnistaa UPM Kymin telahiomon tuotannon läpimenoaikaan sekä laatuun vaikuttavia tekijöitä ja löytää keinot niiden optimoimiseksi, jotta hiontatuotannon kustannustehokkuus parantuisi. Tutkimusmenetelminä työssä käytetään Kymin telahiomon tuotannon läpimenoaikojen telakohtaista mittaamista ja hionnasta tehtyjen mittausraporttien, pinnoituksista ja hionnoista tehtyjen ostotilauksien sekä SAP R/3-toiminnanohjausjärjestelmästä saatavan kunnossapitodatan tutkintaa. Tiedon lähteenä on käytetty myös kirjallisuutta ja UPM henkilöstön sekä toimittajien haastatteluita. Muiden telahiomojen aikaansaamaan laatuun ja tuotannon läpimenoaikaan verrattuna Kymin telahiomon keskimääräiset hiontatuotannon läpimenoajat ovat telasta riippuen kaksinkertaisia tai jopa lähes nelinkertaisia, vaikka pinnankarheus jää osassa teloista alle asetetun tavoitteen. Telahiomojen muototoleransseissa ei ole niin merkittäviä eroja, mitkä selittäisivät Kymin pidemmät hiontatuotannon läpimenoajat. Tämän takia muototoleransseja ei ole päädytty muuttamaan työn aikana, mutta käyttökokemusten mukaan pinnankarheusvaatimusta voidaan laskea. Telahiontaprosessin muotohiontavaihe on suurin hiontatuotannon läpimenoaikaan ja kustannuksiin vaikuttava tekijä. Hiontamenetelmien ja hionta-arvojen optimoimisella, hiontatyökalujen lastuamiskyvyn ylläpitämisellä, telahiontatuotannon yliprosessoinnin ehkäisyllä ja laatutoleransseihin tyytymisellä voidaan lyhentää kymmeniä tunteja telahiomon tuotannon läpimenoaikaa. Mittausraporttien mukaan merkittävin muutos telahiontaprosessin kustannuksiin ja hiontatuotannon läpimenoaikaan saadaan noudattamalla laatutoleransseja. Telojen kunnossapitoon liittyviä kustannuksia syntyy turhaan lisää, kun vaihdetaan ja hiotaan käyttökelpoisia teloja sekä uudelleen pinnoitetaan teloja, joiden pinnoitepaksuus on vielä riittävä. Pinnoitepaksuuden seurannalla voidaan minimoida telojen ennenaikaiset uudelleenpinnoitukset. Mittalaitteiden avulla pystyy optimoimaan telojen hiontavälit. Hiontavälien optimointi lyhentää myös hiontajonoa. Tällöin voidaan hyödyntää suunnitellun hiontajärjestyksen tuomia etuja tehokkaammin ja saavuttaa nopeampia tuotannon läpimenoaikoja.

Collectiveness within startup teams – Leading the way to initiating and managing collective pursuit of opportunities in organizational contexts

While traditional entrepreneurship literature addresses the pursuit of entrepreneurial opportunities to a solo entrepreneur, scholars increasingly agree that new ventures are often founded and operated by entrepreneurial teams as collective efforts especially in hightechnology industries. Researchers also suggest that team ventures are more likely to survive and succeed than ventures founded by the individual entrepreneur although specific challenges might relate to multiple individuals being involved in joint entrepreneurial action. In addition to new ventures, entrepreneurial teams are seen central for organizing work in established organizations since the teams are able to create major product and service innovations that drive organizational success. Acknowledgement of the entrepreneurial teams in various organizational contexts has challenged the notion on the individual entrepreneur. However, considering that entrepreneurial teams represent a collective-level phenomenon that bases on interactions between organizational members, entrepreneurial teams may not have been studied as indepth as could be expected from the point of view of the team-level, rather than the individual or the individuals in the team. Many entrepreneurial team studies adopt the individualized view of entrepreneurship and examine the team members’ aggregate characteristics or the role of a lead entrepreneur. The previous understandings might not offer a comprehensive and indepth enough understanding of collectiveness within entrepreneurial teams and team venture performance that often relates to the team-level issues in particular. In addition, as the collective-level of entrepreneurial teams has been approached in various ways in the existing literatures, the phenomenon has been difficult to understand in research and practice. Hence, there is a need to understand entrepreneurial teams at the collective-level through a systematic and comprehensive perspective. This study takes part in the discussions on entrepreneurial teams. The overall objective of this study is to offer a description and understanding of collectiveness within entrepreneurial teams beyond individual(s). The research questions of the study are: 1) what collectiveness within entrepreneurial teams stands for, what constitutes the basic elements of it, and who are included in it, 2) why, how, and when collectiveness emerges or reinforces within entrepreneurial teams, and 3) why collectiveness within entrepreneurial teams matters and how it could be developed or supported. In order to answer the above questions, this study bases on three approaches, two set of empirical data, two analysis techniques, and conceptual study. The first data set consists of 12 qualitative semi-structured interviews with business school students who are seen as prospective entrepreneurs. The data is approached through a social constructionist perspective and analyzed through discourse analysis. The second data set bases on a qualitative multiplecase study approach that aims at theory elaboration. The main data consists of 14 individual and four group semi-structured thematic interviews with members of core entrepreneurial teams of four team startups in high-technology industries. The secondary data includes publicly available documents. This data set is approached through a critical realist perspective and analyzed through systematic thematic analysis. The study is completed through a conceptual study that aims at building a theoretical model of collective-level entrepreneurship drawing from existing literatures on organizational theory and social-psychology. The theoretical work applies a positivist perspective. This study consists of two parts. The first part includes an overview that introduces the research background, knowledge gaps and objectives, research strategy, and key concepts. It also outlines the existing knowledge of entrepreneurial team literature, presents and justifies the choices of paradigms and methods, summarizes the publications, and synthesizes the findings through answering the above mentioned research questions. The second part consists of five publications that address independent research questions but all enable to answer the research questions set for this study as a whole. The findings of this study suggest a map of relevant concepts and their relationships that help grasp collectiveness within entrepreneurial teams. The analyses conducted in the publications suggest that collectiveness within entrepreneurial teams stands for cognitive and affective structures in-between team members including elements of collective entity, collective idea of business, collective effort, collective attitudes and motivations, and collective feelings. Collectiveness within entrepreneurial teams also stands for specific joint entrepreneurial action components in which the structures are constructed. The action components reflect equality and democracy, and open and direct communication in particular. Collectiveness emerges because it is a powerful tool for overcoming individualized barriers to entrepreneurship and due to collectively oriented desire for, collective value orientation to, demand for, and encouragement to team entrepreneurship. Collectiveness emerges and reinforces in processes of joint creation and realization of entrepreneurial opportunities including joint analysis and planning of the opportunities and strategies, decision-making and realization of the opportunities, and evaluation, feedback, and sanctions of entrepreneurial action. Collectiveness matters because it is relevant for potential future entrepreneurs and because it affects the ways collective ventures are initiated and managed. Collectiveness also matters because it is a versatile, dynamic, and malleable phenomenon and the ideas of it can be applied across organizational contexts that require team work in discovering or creating and realizing new opportunities. This study further discusses how the findings add to the existing knowledge of entrepreneurial team literature and how the ideas can be applied in educational, managerial, and policy contexts.

Kasvustrategia it-alan pk-yritykselle

Pienille ja keskisuurille yrityksille eli pk-yrityksille on olemassa useita kasvustrategioita. Nämä kasvustrategiat tähtäävät joko liiketoiminnan laajentamiseen, nykyisten resurssien hyödyntämiseen, uusien resurssien luotaamiseen tai liiketoiminnan supistamiseen. Valitsemaansa kasvustrategiaa noudattamalla yritys pyrkii pääsemään kasvutavoitteisiinsa. Tämän tutkimuksen tavoitteena on tieteellisen kirjallisuuden pohjalta arvioida kasvustrategioita ja valita niistä pienelle it-alalla toimivalle case-yritykselle sopivin. Sopivimmaksi havaitun kasvustrategian pohjalta case-yritykselle laaditaan räätälöity kasvustrategia. Kasvustrategian laatimiseen käytetään tieteellisen kirjallisuuden lisäksi empiirisenä menetelmänä tapaustutkimusta. Tapaustutkimus tehdään teemahaastatteluina kymmenelle yritykselle, joilla on liike-elämästä saatuja kokemuksia case-yritykselle valitusta kasvustrategiasta. Tutkimuksen tuloksena case-yritykselle sopivin kasvustrategia on verkostokasvustrategia. Verkostokasvustrategiaa noudattamalla case-yritys keskittyy omaan ydinosaamiseensa ja sen kehittämiseen ja hankkii tarvitsemansa muun osaamisen verkostokumppaneilta. Verkostoitumisen hyötyinä case-yritykselle on muun muassa pieni omien työntekijöiden tarve, tietotaidon saaminen, kilpailukyvyn paraneminen, markkinoinnin tehostuminen ja uusille markkinoille pääsyn helpottuminen. Verkostoitumisen haasteina case-yritykselle on sen sijaan muun muassa pienen yrityksen uskottavuusongelma, sopivien verkostokumppaneiden löytäminen ja epäluotettavat verkostokumppanit. Tutkimuksen johtopäätöksenä verkostoitumisesta saatavien hyötyjen nähdään kuitenkin olevan riskejä suuremmat case-yritykselle.