Document Type : Original Article
Authors
1
PhD student, Department of Entrepreneurship-International, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2
Assistant Professor, Department of Entrepreneurship Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran.
3
Assistant Professor, Department of Industrial Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran.
4
Associate Professor, Department of Industrial Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
Abstract
Background and Objective: Entrepreneurship opportunities can be seen as a potentially feasible and profitable investment that offers a new innovative product or service to the market. Therefore, various strategies can affect the development of entrepreneurial opportunities, of which financing strategies and ensuring profitability seem to be the most important factors. Accordingly, the purpose of this study is to analyze financing strategies and ensuring profitability for the development of entrepreneurial opportunities in Lorestan NGOs.
Methodology: This research used a mixed (qualitative and quantitative) method. Its quantitative part was conducted with a grounded theory approach and the quantitative part with a structural equation modeling method.
Findings and Results: In conceptualizing the qualitative part, first 56 meaningful statements were extracted from the interviews, then 44 corresponding concepts were extracted from them. Following axial coding, 44 concepts were transformed into 10 main subcategories and three final categories. The three final categories were the main concepts of the research, with the financing variable in three subcategories; External financing, internal financing and strong financial performance are conceptualized and profitability assurance is identified with three main subcategories; attention to future benefits, attention to profitability and conversion of stagnant assets into money. In the quantitative part, the results of structural equation modeling have shown that financing strategies with a coefficient of 0.85 have a direct and significant effect on the development of entrepreneurial opportunities in Lorestan NGOs, and profitability assurance with a coefficient of 0.89 has a positive and direct effect on the development of entrepreneurial opportunities in Lorestan NGOs.
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