Different Types Of Entrepreneurs Research Articles

Government Officials or Mixed Institutions: How do Ventures Acquire Public Sector Investment in Emerging Economies?

Research Summary: Governments in emerging economies often use institutional intermediaries to promote entrepreneurship, and bridge the void between ventures and public funding. While prior literature describes what institutional intermediaries do, it leaves open how intermediaries support different types of entrepreneurs. By comparing science park and non-science park firms in Beijing and across China, we distinguish which entrepreneurs benefit from certification v. capability-building through the introduction of two new constructs: skill adequacy and context relevance. Broadly, our study adds insights at the nexus of emerging economies and entrepreneurship research, and to the tie formation and institutional intermediaries literatures.Managerial Summary: A key dilemma facing entrepreneurs is how to finance their ventures. While entrepreneurs in developed economies can seek VC or angel investment, entrepreneurs in emerging economies often need to pursue potential government funding opportunities. Our study highlights three strategies for acquiring government funding. Well-connected entrepreneurs can leverage their political ties to acquire such funding. Less-connected entrepreneurs can leverage science parks that in emerging markets are designed to help governments to identify promising ventures. For returnees whose ample experience abroad may not fit with local ways of doing business, gaining science park admission can certify quality and so ease the path to government funding. For technically skilled local entrepreneurs who lack business skills, science parks can help build such skills which then ease the path to government funding.

Cross-border entrepreneurship

Cross-border entrepreneurship refers to entrepreneurial activity across international borders, which typically involves some form of cooperation or partnership. It includes a wide range of different types of entrepreneurship, from informal petty.

The influence of the entrepreneur's background on the behaviour and development of born globals' internationalisation processes

While much of the research on small firm internationalisation has concentrated on export strategies, little attention has been paid to understanding the process and conditions under which the entrepreneur identifies and exploits an opportunity. The aim of this study is to explore the relationship between the entrepreneur’s prior life story and the development and behaviour of his or her born global firm. Six years of intense qualitative field research, including 108 interviews from three entrepreneurial ‘born global’ firms are compared and contrasted within our theoretical framework. In this study empirical evidence suggests that a person’s childhood and prior life story directly influences the behaviour of the entrepreneur. We propose that different types of entrepreneurs are important factors to understand firms’ different internationalisation patterns. Depending on the backgrounds of the entrepreneurs, they developed preferences, skills, and especially desires that will affect the total behaviour of their future organisations.

Evaluating Content Dimensions in Entrepreneurship Education

Interest in entrepreneurship education is growing over the world, especially in innovation based economies, such as Denmark (GEM, 2010). However, we know rather little about the outcomes of entrepreneurship education, in particular with respect to which type of course content produces the best results (i.e. most high performing entrepreneurs) and how this affects different types of students. There is a great variety of different views in the field of research concerning the content and structure of entrepreneurship courses, but no comprehensive study has yet been done in which these competing views are clearly articulated as rivals and tested against each other. There is also a lack of programme evaluations that use control groups and have a longitudinal design (Gorman, Hanlon & King, 1997; Karlsson & Moberg, 2011; Matlay, 2008). Those that have this setup often experience methodological problems due to their conceptual framework (Krueger, 2009), or they have a view of entrepreneurship that does not take into account the advancements within research that have been made during the last decade (Sarasvathy, 2008). Thus, we clearly need to dig deeper into this field in order to create methods and models that allow us to evaluate the outcomes of different types of entrepreneurship courses.In the beginning of 2011, the Danish Foundation for Entrepreneurship – Young Enterprise initiated a research project with the aim to further our understanding of the type of impact entrepreneurship education and different educational designs have on different types of students. Two longitudinal surveys, one with a focus on elementary- and secondary-level education and one with focus on tertiary-level education, will be performed and databases with students from all levels of the Danish educational system will be created. The surveys will use entrepreneurial self-efficacy (Mauer, Neergaard & Kirketerp, 2009) as a performance indicator, but in order to generate robust results the development of new measurement tools is needed. In this paper the initial phases of this project and the research design of these two surveys will be presented. The development of a new ESE scale and the results from the pilot surveys will also be presented.

Which Institutions Encourage Entrepreneurs to Create Larger Firms?

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.

Developing a theory of sport-based entrepreneurship

AbstractEntrepreneurship is an integral part of sport but less is known about how different types of entrepreneurship facilitate innovation. The aim of this paper is to develop a theory of sports-based entrepreneurship that incorporates different sub-categories of entrepreneurship such as social, technological and international. Specifically, the article connects the entrepreneurship and sport management literatures by proposing a theory of sport-based entrepreneurship, which can be used as a theoretical framework for future research. In addition, the paper provides a unique insight for sports practitioners and public policy planners wanting to focus on entrepreneurial ways to manage sport-based organizations.

Developing a theory of sport-based entrepreneurship

AbstractEntrepreneurship is an integral part of sport but less is known about how different types of entrepreneurship facilitate innovation. The aim of this paper is to develop a theory of sports-based entrepreneurship that incorporates different sub-categories of entrepreneurship such as social, technological and international. Specifically, the article connects the entrepreneurship and sport management literatures by proposing a theory of sport-based entrepreneurship, which can be used as a theoretical framework for future research. In addition, the paper provides a unique insight for sports practitioners and public policy planners wanting to focus on entrepreneurial ways to manage sport-based organizations.

DO RISK ATTITUDES DIFFER WITHIN THE GROUP OF ENTREPRENEURS?

The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a business involves risk and requires a risk-taking attitude. Most studies have com-pared entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research exists on the risk attitudes of different types of entrepreneurs. This study aims to fill this gap. Our particular focus is on the entrepreneurs’ motivations to start their business. The results show that opportunity entrepreneurs are more willing to take risks than necessity entrepreneurs. In addition, entrepreneurs who are motivated by creativity are more risk-tolerant than other entrepreneurs. The study contributes to the literature about risk attitudes of entrepreneurs and to the literature about necessity and opportunity entrepreneurship.

Education for entrepreneurship in nursing

The different types of entrepreneurship, including social entrepreneurship and intrapreneurship, and the importance of social entrepreneurship skills in the changing world of health care are discussed. The term social intrapreneurship is introduced to characterise the many nurses introducing change and enhancing care working within the NHS. The strategy for development of entrepreneurship education within one region of the UK is presented and its integration into a pre-registration nursing programme is the main focus of this paper. The process of integration of skills in the changing world of health care is discussed. The strategy for development of entrepreneurship is presented under the headings of the NICENT (Northern Ireland Centre for Entrepreneurship) @ Ulster Integration Model: Awareness and Understanding; Interpretation; Contextualisation; Integration (Theoretical Content); Integration (Assessment); Validation/Revalidation; Implementation; and Review and Reflection. The most important stages were the first two in which nursing academic staff came to realise the relevance of the topic to nursing and the interpretation and translation into 'nurse-speak' of the business terminology to alleviate the initial rejection of entrepreneurship as of no relevance to nursing.

Sport-based entrepreneurship: towards a new theory of entrepreneurship and sport management

The entrepreneurship and sport management disciplines have grown significantly in the past decade. Sport is an entrepreneurial process as innovation and change are key elements of sport. The aim of this paper is to develop a theory of entrepreneurship in sports management by investigating the relationship between entrepreneurship and sport. The rapidly growing and developing sport marketing discipline provides a basis in which to understand how entrepreneurship occurs through innovation, proactiveness and risk taking activities. This paper discusses the connection between the entrepreneurship and sports management fields and argues that there needs to be more integration with the two fields of study and traditional entrepreneurship theory. A theory of sport-based entrepreneurship is developed and different types of entrepreneurship that occur in sports management are examined. Suggestions for future research and implications for practitioners are discussed.

How Do Risk Attitudes Differ Within The Group of Entrepreneurs? The Role of Motivation and Procedural Utility

Starting a business involves risk and, thus, requires a risk-taking attitude. The concept of risk and entrepreneurship has been widely discussed in the entrepreneurship literature; most studies comparing entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research exists on the risk attitudes of the different types of entrepreneurs — those who pursue a new business because of opportunity and those who do so through necessity. This study aims to fill this gap. Our particular focus is on individuals’ motivations to start their businesses and the nonmonetary returns from entrepreneurship. The results show that opportunity entrepreneurs are more willing to take risks than necessity entrepreneurs. In addition, those who are motivated by creativity are more risk tolerant than other entrepreneurs. The study contributes to the literature about both risk attitudes of entrepreneurs and necessity and opportunity entrepreneurship.

Entrepreneurship and economic growth: Evidence from emerging and developed countries

This paper presents an extension to the economic growth model developed by Wong, Ho, and Autio (2005), to reflect differences in the economic effects of opportunity and necessity-based entrepreneurship in both emerging and developed countries. Data from 44 countries for the years 2004 and 2005, as collected by Global Entrepreneurship Monitor (GEM) research and Global Competitiveness Report (GCR) research, are used to identify predictors of GDP growth for emerging and developed nations. The GEM data are used to determine the effect of different types of entrepreneurship on GDP growth. The GCR data operationalize additional control variables suggested by three economic growth theories: new economic geography, endogenous growth theory and national systems of innovation. This contribution to the literature suggests that, in developed countries, a significant portion of economic growth rates can be attributed to high-expectation entrepreneurs exploiting national investments in knowledge creation and regulatory freedom. However, in emerging countries this effect is absent. It is hypothesized that a threshold exists for entrepreneurs to gain access to the formal economy, below which entrepreneurial contributions act through informal mechanisms.

Creative Discovery: Reconsidering the Relationship Between Entrepreneurship and Innovation

The severe recession of 2008–09 has brought to the fore deep concerns regarding the U.S. economy’s ability to continue to grow, let alone to keep pace with emerging nations such as India and China. The scale of job losses and the woes of sectors that are emblematic of the recession—particularly finance and automakers— have left many worrying about a bleak American economic future. Even those who expect a return to growth worry about the United States’ capacity to supply two essential ingredients: innovation and entrepreneurship. Such concerns have spurred increasing investment in broadband Internet connections, additional funding for research and development (R&D), and the largest-ever federal investment in public education—all steps meant to help build a new foundation for economic growth. Public-sector efforts of this type are nothing new in U.S. history. They date back at least to the Morrill and Hatch acts in the late 1800s and continue through the massive expansion of federal investment in R&D after World War II. 1 Such actions are generally credited with helping to ignite bursts of innovation and maintain steady rates of economic growth. In its renewed efforts today, the United States joins Singapore, the European Union, and others in forming deliberate strategies to provide what are considered semipublic goods: the knowledge and the people necessary for productive firms to innovate, create jobs, and boost economic growth. 2 It’s far from clear, however, whether the phenomena of innovation and entrepreneurship are adequately understood for these entities to be making such large commitments. Over the past several years, the work of the Kauffman Foundation has focused on understanding these phenomena and thereby seeking to create more successful entrepreneurs in the United States. During that time, the Foundation has conducted extensive research and developed mechanisms, such as the iBridge Network, to increase the pace of entrepreneurship. 3 Now, with lingering questions about the U.S. economy’s capacity to grow, concerns over the one to two billion people who remain in poverty around the world, and increasing interest in different types of entrepreneurship and innovation, the Foundation has embarked on a newly ambi

OPPORTUNITY RECOGNITION AND EXPLOITATION BY NECESSITY AND OPPORTUNITY ENTREPRENEURS: EMPIRICAL EVIDENCE FROM EARNINGS EQUATIONS.

The article discusses different types of entrepreneurship by businesses. There are two different types of entrepreneurship addressed by the authors: necessity and opportunity entrepreneurship. Nece...

The entrepreneur in the Born Global firm in Australia and Sweden

PurposeThe purpose of this research is to identify and analyse the common characteristics and behaviour of entrepreneurs that affect the establishment of Born Global firms. The differences between the Australian and Swedish contexts will be scrutinized.Design/methodology/approachThis study was designed to be qualitative in nature so that rich insights can be obtained directly from the entrepreneurs themselves. The sample consists of three Born Global firms each from Australia and Sweden.FindingsThis study shows the importance of entrepreneurs for the rapid internationalization of firms in Australia and Sweden. Different types of entrepreneurs were identified and small but important differences were identified between the two countries and different industries.Research limitations/implicationsThis study shows that analysis on an individual level enhances the understanding of internationalisation in new firms. By using the concept marketing and technical entrepreneur in different industrial contexts a more detailed understanding of different internationalization patterns can be obtained. This study is limited to two countries and six case studies. The findings may be limited to the chosen firms and studies across more countries and industries are needed.Practical implicationsThis study shows that the entrepreneur should be in focus when analysing new firms' possibilities to expand abroad. Entrepreneurs can use their international experience, visions, ambitions and networks as crucial competencies in an international expansion. Different types of entrepreneurs can use different international strategies.Originality/valueThe focus and detailed analysis on the individual level across different countries make this study original.

Entrepreneurial Values and the Ethnic Enterprise: An Examination of Six Subcultures

A vital question receiving only limited attention in the extant research concerns the implications of culturally based values for the successful creation and growth of entrepreneurial ventures. This study explores core values held by entrepreneurs in growth‐oriented firms belonging to six subcultures based in the state of Hawaii. Thirty first‐generation entrepreneurs each were interviewed from the populations of Japanese, Korean, Filipino, Chinese, Vietnamese, and native Hawaiian firms. Evidence is provided of commonalities and differences in the value profiles of the different types of entrepreneurs. While some of the salient values are clearly traceable to the entrepreneur's native culture, it appears that entrepreneurs share certain core values regardless of cultural origin. Evidence is also provided of linkages between values and specific operational practices within the ventures studied. Implications are drawn for ongoing theory development and managerial practice.

Entrepreneurial Processes in an Emergent Resource Industry: Community Embeddedness in Maine's Sea Urchin Industry*

Abstract The impact of economic changes on communities is not a new subject for rural sociology. However, a growing literature examines the impact of communal relations on economic action and organization. This paper contributes to this literature with an examination of entrepreneur-ship in an emergent resource industry—the northwest Atlantic sea urchin industry. Based on fieldwork conducted from July 1996 to April 1998, the analysis finds two different types of entrepreneurs emerge: those embedded in local fishing communities and those from outside those communities. Although they share similar challenges, entrepreneurs' differing relationships with the local community lead to diverse strategies, which have important implications for the development of new industries.

Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data

This paper is an introduction to the present special issue dedicated to scientific research using data collected as part of the Global Entrepreneurship Monitor (GEM) and considering new venture creation as the hallmark of entrepreneurship. After a short description of GEM’s theoretical and methodological background, this introduction highlights the main results of seven papers which were presented at the First GEM Research Conference in Berlin from 1 to 3 April 2004. First, there is empirical evidence that the role of entrepreneurial activity differs across the stages of economic development, in that there appears to be a U-shaped relationship between the level of development and the rate of entrepreneurship. Consequently, a positive effect of entrepreneurial activity on economic growth is found for highly developed countries but a negative effect for developing nations. Second, it is shown that different types of entrepreneurship may have a different impact on a nation’s innovativeness and economic growth rate. In particular, potentially high-growth business start-ups and so-called opportunity entrepreneurship enhance knowledge spillovers and economic growth. Third, entrepreneurship is again shown to be a regional event that can only be understood if regional framework conditions, including networks and regional policies, are taken into consideration.

Suppliers’ international strategies

A longitudinal study of the international behaviour of Swedish suppliers is presented. Three different types of supplier are identified: simple suppliers, advanced suppliers, and own product suppliers. Factors influencing the internationalisation of these suppliers are discussed. It is concluded that the firms’ offer and the customers’ buying strategies influence the firms’ international behaviour. However, these factors do not determine the international strategies completely. Various entrepreneurs will choose various strategies. Three different types of entrepreneurs are identified: the marketing, technical, and structural entrepreneurs. The type of entrepreneur influences the firms’ international strategies in different directions.

Aligning Private Business Development and Economic Growth in Nigeria

This paper examines the different factors that have influenced the development of new types of entrepreneurship in Nigeria since 1986. It analyzes the problems Nigerians confront in trying to run small businesses as a result of the structural adjustment policy that was proposed by the World Bank and International Monetary Fund, and adopted by the military government in 1986. The major questions addressed in this study are: what are the economic and political situations in Nigeria between 1980-1997 and how have these situations forced the people of the nation to be entrepreneurs? What obstacles do entrepreneurs face in starting small businesses in Nigeria? What are the different types of entrepreneurship that have resulted in Nigeria due to the structural adjustment policies of this period? The paper demonstrates that economic difficulties were the major reasons for those who started their business between 1986 and 1995 in Nigeria. This supports the notion that entrepreneurship should not be viewed as a function of opportunity but rather as a function of cultural perception of opportunity and the need to maintain continuous family income. Policy implication and topics for future research are discussed.