Success Of Entrepreneurial Ventures Research Articles

Sustaining the sisterhood: Soul Sisters Pakistan (SSP)

Learning outcomes The learning outcomes of this case study are to understand and apply the PESTLE framework with a special focus on sociocultural nuances of a conservative society, appreciate the role of innovation and effective leadership in the success of entrepreneurial ventures, understand the bricolage theory to critically evaluate the role of entrepreneurs as agents of social change and develop monetization strategies for digital start-ups and recommend strategies that would help social enterprises to strike the right balance between their social aspirations and commercial goals. Case overview/synopsis In March 2020, Kanwal Ahmed, founder of the much-lauded Facebook group Soul Sisters Pakistan (SSP), was posed with a critical situation. SSP’s first face-to-face member meetup, which had been hyped up by Pakistanis residing in Canada for months, had to be called off due to the advent of COVID-19. What worried Ahmed was not just the immediate impact of the postponement; rather, she was more concerned about how her social enterprise would sustain in the longer run. The new normal had changed the way businesses operated; tried and tested revenue generation strategies of SSP would neither be feasible in a COVID-stricken world nor reap the same results. Ahmed knew that her social enterprise could have a far-reaching impact in a pandemic-stricken world. However, she was unsure about how to monetize her business model so as to ensure steady revenue generation streams that would keep the enterprise afloat. Ahmed knew that the clock was ticking, and she had to act quickly and think of ways to ensure SSP’s long-term sustenance. Complexity academic level This case study is suitable for undergraduate students enrolled in courses of entrepreneurship and strategy. Supplementary materials Teaching notes are available for educators only. Subject code CSS 3: Entrepreneurship.

Examining entrepreneurial successes and failures during the COVID-19 pandemic (2019–2023)

PurposeWhen entrepreneurship scholars and policy makers turned their attention to entrepreneurial ventures during the COVID-19 pandemic (2019–2023), its full effects on entrepreneurial firms and systems presented radically challenging questions and unresolved puzzles. In this paper, the authors shed light on these questions and puzzles with a large-scale empirical examination of the pandemic's overall effects on entrepreneurs, entrepreneurial firms, entrepreneurial environments and responses with a view toward success and failure over time.Design/methodology/approachThe authors adopt a broad exploratory approach and examine different perspectives to develop a deeper understanding of the COVID-19 pandemic's effects on entrepreneurs, entrepreneurial firms, entrepreneurial environments and responses especially regarding the success and failure of entrepreneurial ventures during the pandemic. Thus, the authors built a dataset with 10 survey waves from 2020 to 2021, with an average of 7,000 Brazilian entrepreneurial ventures (SMEs) in each wave of the survey. The authors used this data to examine their performance and survival.FindingsThe findings suggest that the increase of the COVID-19 virus contagion per se did not severely affect entrepreneurial ventures' performance and survival. However, the worsening of the COVID-19 pandemic did weaken entrepreneurial ventures' performance and survival. Moreover, the findings suggest that entrepreneur education has an inverted U-shaped relationship with entrepreneurial ventures performance. Indigenous, Brown and Black entrepreneurs experienced decreased entrepreneurial ventures survival compared to White entrepreneurs. While entrepreneurial ventures that adopted digital technologies and had access to loans increased their performance and survival during the COVID-19 pandemic, those who failed in these aspects experienced negative performance and survival effects. Thus, although the COVID-19 pandemic severely impacted many entrepreneurial ventures and even forced some to close, others survived and even prospered during the environmental shock.Originality/valueThe paper sheds light on a little understood topic: entrepreneurial venture success and failure in the COVID-19 pandemic.

Gender Considerations and Entrepreneurship Development in Fujairah, United Arab Emirates

Entrepreneurship development refers to the process of creating an environment that fosters entrepreneurship and supports the growth and success of entrepreneurial ventures. It plays a critical role in driving economic growth and job creation, as well as promoting innovation and competitiveness In the UAE, women make up only a small percentage of entrepreneurs, with the majority of businesses owned and operated by men. Gender considerations in entrepreneurship development requires promoting women's leadership and representation in the business community. It was found that UAE Gender Balance Council was set up with the aim of promoting gender balance across all sectors of society, and the Sheikha Fatima bint Mubarak Women's Entrepreneurship Initiative, which provides financial and non-financial support to women entrepreneurs. There are also several private sector initiatives aimed at supporting women's entrepreneurship in the UAE, including the Dubai Business Women Council, which provides business training and support to women entrepreneurs, and the Women's Angel Investor Network, which provides funding and mentorship to women-led businesses. Promoting gender diversity and inclusion in business can have a positive impact on the wider economy, by promoting innovation and growth. In conclusion, it is important to address the challenges that women entrepreneurs face in balancing their entrepreneurial activities with their family responsibilities. Beauracracy in accessing mentorship and networking opportunities, accessing technology and digital resources, accessing information and resources related to entrepreneurship and in accessing business incubators and accelerators. The study recommended that the government should encourage more women to participate in entrepreneurship by promoting female role models and highlighting the successes of women entrepreneurs in the UAE.  Develop mentorship and networking programs that are specifically tailored to the needs of women entrepreneurs. Provide opportunities for women entrepreneurs to connect with international networks and markets. Increase the representation of women on boards and in senior leadership positions in businesses and organizations. This can help to create a more inclusive and diverse business environment in the UAE. Encourage the development of women-led and women-owned businesses in the UAE. Keywords: Gender Considerations, Entrepreneurship Development, United Arab Emirates

Kiran Mazumdar-Shaw: the woman behind the success of Biocon

Study level/applicability This case is meant for MBA/MS/executive MBA students. Subject area Entrepreneurship development, leadership. Case overview This case is about the successful entrepreneurial journey of Kiran Mazumdar-Shaw, founder of India-based biotechnology company Biocon Limited. Mazumdar-Shaw established Biocon in 1978 as a joint venture company. As a woman entrepreneur, Mazumdar-Shaw faced many challenges and setbacks during her initial days. She overcame these and took Biocon to new heights. Later, Mazumdar-Shaw decided to make a strategic shift in Biocon’s business model – going from manufacturing enzymes to biopharmaceuticals with the vision of making an impact on global health care by providing access to affordable, life-saving drugs. Expected learning outcomes The learning outcomes are as follows: understand the ecosystem of women entrepreneurs in developing countries; examine the challenges faced by women entrepreneurs in their entrepreneurial journey and how successful entrepreneurs convert challenges into opportunities; and analyze what entrepreneurial leadership is and understand how these leadership qualities play an important role in the success of entrepreneurial ventures. Social implications Mazumdar-Shaw was able to break through the gender barrier that was highly prevalent in Indian society then and successfully established her entrepreneurial venture in biotechnology, a discipline that was still nascent in the1970s. Though she has scaled great heights in the biotechnology area and developed her business, she has remained sensitive to the problems of those who are unable to get affordable medicines. Firmly believing that she should share the prosperity of the company with the poor and the marginalized, Mazumdar-Shaw, through her philanthropic venture, Biocon Foundation, started providing essential drugs at affordable prices to them. Subject code CCS 3: Entrepreneurship.

Farmer entrepreneurs in China: an empirical investigation of their motivations, success factors, and challenges faced

Many questions remain unanswered regarding Chinese farmer entrepreneurs, who play a critical role in rural China. As there is limited research on this group, this study examines the farmer entrepreneurs’ motivations, success factors, and problems they encounter. Following in-depth interviews, a questionnaire survey was conducted in rural China. Data collected from 380 rural farmer entrepreneurs indicate that they are mainly motivated by physiological and safety needs to start up a business. They build their success on gaining available financial support, good marketing, and aggressive personal characteristics. They face formidable obstacles linked to external financing and improving their managerial capabilities. The findings suggest that access to financial resources is crucial to exploit opportunities the farmers have identified for the startup, growth, and success of entrepreneurial ventures. The findings present policy and managerial implications for stimulating rural entrepreneurship development programs, financing, education, and increasing the mobility of immigrants returning to their land to start entrepreneurial activities.

Study of Role of Technology in Entrepreneurial Venture Success

Study of Role of Technology in Entrepreneurial Venture Success

Can we build resilience by way of creativity Artistic ventures in a London hospice

Resilience and stress management are considered key factors for entrepreneurial success. In this research we propose that controlled, creative confrontation with adversity can help overcome stressful experience by fostering resilience. Our research is based on a neuronal network model that considers resilience in its relation to creativity. This model is applied to several cases at the UK hospice that successfully use art to deal with the stressful conditions of dying inpatients. On this background we outline the concept of 'Controlled Creative Confrontation' that harnesses the creativity-inherent potential for catalytic change to build resilience and permanently transform patient self-perception. This concept is illustrated in three exemplary cases of patients who successfully navigated their impending death by using art to confront, overcome and rebuild coping strategies in the face of ultimate adversity. Describing these cases, we acknowledge the specific aspects of resilience believed to be fostered by creativity. We conclude the research giving an outlook on suggested future studies providing quantitative support for and deeper insight into, the causal relationship between creativity and resilience and their impact on the success of entrepreneurial ventures.

Fostering tourism and entrepreneurship in fringe communities: Unpacking stakeholder perceptions towards entrepreneurial climate

The success of entrepreneurial ventures in tourism is tied to the community ecosystem that supports it. As such, communities are continuing to assess their entrepreneurial climate to identify areas where new programs might enhance entrepreneurial success. Based on previous measures of entrepreneurial climate, the current study furthers the entrepreneurial ecosystem literature within the context of fringe communities as it relates to tourism development. Fringe communities, which are found in the peri-urban outskirts of major cities, have increasingly grown as the urban–rural divide continues to blur. Amenity migrants flock to these communities with access to “best of both worlds” with regard to having access to the resources available in both areas. Given the complexity of community demographics emerging in these communities, this study explored whether stakeholder demographics and relationship with the community affects perception of the entrepreneurial climate. Specifically, this research examined residents’ perceptions in a location demonstrative of fringe communities: Moore County, North Carolina, US. The study found that the most differing views were held on Basic Community Needs, Community spaces/green spaces, Innovative, supportive & celebratory environment, and Community spirit.

Impact of Social Media on the Success of Technological Entrepreneurial Ventures

Business methods and practices have changed due to development in the technology. The tools of technology have brought a paradigm shift in the business techniques. Social media has now become a significant factor for the entrepreneurs. Social media is the vital dependency factor of entrepreneurial growth and development. The paper discusses the impact of Social Media on the success of technological entrepreneurial ventures in Pakistan. The sample of research includes the entrepreneurial ventures of software industry in Pakistan. The research purpose is to study the impact of social media practices of marketing, branding, networking and communication on the business success. Questionnaire based study is carried out to collect the data from software entrepreneurial ventures to test the hypothesis of research. Statistical analysis is performed on the data to study the association between success and social media. The results show that strong impact of social media is found on the success of entrepreneurial ventures. The strongest significant relationship is found between social media communication and networking with the technological entrepreneurial growth and success. Keywords: Technology Entrepreneurship, Social Media, Entrepreneurial Success, Social Media Practices, Technological Entrepreneurial Ventures

Enclaves and entrepreneurial success

Purpose– The purpose of this paper is to examine the effect of immigrant and ethnic enclaves on the success of entrepreneurial ventures as measured by firm profits and viability.Design/methodology/approach– Data on entrepreneurs and their new firms were provided by the Kauffman Foundation and covered the years 2004-2008. These firm-level data were linked to Census 2000 Summary Files at the ZIP Code level and were used to empirically investigate the effect of enclaves.Findings– The paper found a statistically significant negative effect of immigrant representation in an area on firm profitability. This effect operated on native, rather than immigrant, firm owners, which suggested that native-owned firms locating in immigrant enclaves may experience difficulty assimilating the benefits that enclaves offer.Practical implications– Cultural connections within local communities play a key role in the success of new businesses. Potential firms should recognize the importance of these connections when making firm location decisions. Likewise, the findings suggest that connections within local communities should be considered when designing aid programs.Originality/value– The authors used a unique measure of enclave representation to incorporate both immigrant, as well as ethnic, representation in the local area. The authors examined the effect of immigration on both immigrant- and native-owned firms in order to provide a broader scope and a more complete understanding of the effects of immigration on entrepreneurial ventures.

Knowledge Management for the Entrepreneurial Venture

We synthesize research from operations management, entrepreneurship, organizational science, and strategy to investigate the performance‐enhancing benefits of knowledge management activities throughout the entrepreneurial process of a high‐tech venture from idea conception to commercialization. We adopt a dynamic learning perspective of entrepreneurship to understand how knowledge management activities change throughout four phases of the venture's life cycle. We introduce a framework that identifies a set of knowledge‐based capabilities that enhance the entrepreneurial venture's success. In the context of the first phase, we discuss knowledge as a key driver of entrepreneurial alertness and creativity, both of which impact the quality and quantity of opportunities and innovations discovered. Second, we describe how knowledge enables the entrepreneur to make decisions under uncertainty such as determining which opportunity to pursue. For Phase 3 of the life cycle, we explore the challenges of managing knowledge during the development of the product or technology including the trade‐off between exploration and exploitation. In the final phase, we explore how knowledge impacts the market entry decision, survival, and the value captured at commercialization. We conclude the article with suggestions for future research.

Immigrant Enclaves and the Success of Entrepreneurial Ventures

The present work explores the characteristics of entrepreneurs and their environments that are related to entrepreneurial success. To this end, we examine the relationship between immigrant status and firm location decisions of entrepreneurs and their resultant firm profits and viability. To categorize location decisions, we focus on the concepts of immigrant and ethnic enclaves. Data on entrepreneurs and their beginning firms were provided by the Kauffman foundation and cover the years 2004-2008. These firm-level data are linked to Census 2000 Summary Files 3 and 4 at the zip-code level of measurement and are used to empirically investigate the effect of enclaves. We find no evidence for an effect of the nativity of firm owner on the entrepreneurial success of the firms. We find a statistically significant negative relationship between the immigrant representation in an area and firm profitability.

Universities and the Success of Entrepreneurial Ventures: Evidence from the Small Business Innovation Research Program

There has been little direct, systematic empirical analysis of the role that universities play in enhancing the success of entrepreneurial ventures. We attempt to fill this gap by analyzing data from the SBIR program, a “set-aside” program that requires key federal agencies (e.g., Department of Defense) to allocate 2.5 percent of their research budget to small firms that attempt to commercialize new technologies. Based on estimation of Tobit and negative binomial regressions of the determinants of commercial success, we find that start-ups with closer ties to universities achieve higher levels of performance.