Identifing the cognetive errors of entrepreneurial negotiation with focusing on crowdfunding projects

Document Type : Original Article

Authors

1 MSc. Student, College of Farabi , University of Tehran, , Iran

2 - phd, Faculty of Management & Accounting Farabi Campus, University Tehran, , Iran

3 Assistant Professor, Faculty of Management & Accounting Farabi Campus, University Tehran, , Iran

Abstract

Crowdfunding is a new form of micro-fundraising for projects that has been around the world for thousands of years. It can be said that centuries ago, human beings were familiar with this capacity and were able to use micro-capital in different ways in different ways. Collective financing aims to raise the micro-capital that exists in the community to invest in various types of projects. In line with previous studies, this study has identified the cognitive errors of entrepreneurial negotiations with a focus on crowdfunding projects. To validate the results obtained in the past, a semi-structured interview was conducted with 15 co-financing experts who worked in the investment house. The sampling method is purposeful judgmental and qualitative content analysis has been used to achieve the goal. According to previous texts and interviews, the cognitive errors in entrepreneurial negotiations in crowdfunding were identified, which were classified into Two categories: cognitive errors caused by the entrepreneur, investor and project. Entrepreneur and investor mistakes include stereotypes, auras, such projection and error within the group.

The Second error is related to the project error, such as the innovation-innovation error, the anchoring error, and the confirmation bias that were identified. Following is the identification of these errors in order to achieve a win-win and error-free entrepreneurial negotiation.

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