Benefits Of Entrepreneurship Research Articles

When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK

When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK

ВИБІР МЕТОДИКИ ОЦІНКИ КОНКУРЕНТОСПРОМОЖНОСТІ ІННОВАЦІЙНОГО ІДПРИЄМНИЦТВА З УРАХУВАННЯМ ЗОВНІШНЬОГО СЕРЕДОВИЩА

The article is devoted to the study of the method of assessing the competitiveness of an innovative enterprise. Despite a relatively in-depth study of the problem of ensuring competitiveness, there is still no single approach to its quantification. Problems of competitiveness assessment are complex and multifaceted. The success of competition in the market depends on the presence of competitive advantages or key competencies, which are formed by a set of components (value and price). The correct and objective assessment of the competitiveness of the subjects of innovative entrepreneurship allows management to make appropriate and correct decisions that are aimed at achieving strategic goals. At present, scientists are considering quite a few methods for assessing competitiveness, but there is no generally accepted methodology that would be recognized by both scientists and practitioners. Examining the methods and models of assessing the competitiveness of economic entities, the author concludes that all approaches are focused on multicriteria assessment of any one functional area, which describes the competitiveness of innovative entrepreneurs. Therefore, he considers it expedient to develop an author's approach to assessing the competitiveness of innovative entrepreneurs. The competitiveness of innovative entrepreneurship is formed through the successful transformation of resources into the final product with which the business entity is represented in the market. Thus, it is established that, first, the indicator of competitiveness is a measure or reflection of the effectiveness of the operation and development of the subject of innovative entrepreneurship. And, secondly, the actual indicator of competitiveness is an integrated assessment, incorporates a number of indicators that characterize the ability of the business entity to convert resources into results and maximize the effects. Competitiveness of innovative entrepreneurs can be seen as the ability or combination of their abilities aimed at achieving almost one goal – maximizing entrepreneurial benefits – through comprehensive actions based on organizational knowledge and key competencies aimed at improving and / or optimizing the functioning of subsystems management of functioning and development of subjects of innovative business. Given that the competitiveness of innovative entrepreneurs is considered by us as a multi-criteria category, which is formed under the influence of many external and internal factors, as well as environmental determinants, respectively, it should be assumed that the most important role in competitiveness is played by social, technological and economic aspects.

Gender and study discipline-specific differences in the opinion about entrepreneurial aspects: An “ICSB academy” investigation

ABSTRACT This article investigates students’ evaluations of perceived entrepreneurial benefits and barriers and their desired university support within a sample of the ICSB academies in 2016 and 2017. The authors highlight differences within these evaluations depending on gender and the students’ disciplinary background, drawing on social role theory. In general, the participants of the ICSB academies show high entrepreneurial ambitions; this also holds for the generated subgroups (business/non-business and female/male). The support for our derived hypotheses is in line with our theoretical reasoning, showing differences caused by gender and disciplinary background. As a practical implication, our findings facilitate effective student support of higher education institutions.

When it Pays to be Less than Perfect: Entrepreneurs Sharing Flaws with Investors can Attract Funding

A key challenge for entrepreneurs is to raise investments into their business, and a common narrative in literatures on entrepreneurship and social influence more broadly is that such investments are more likely forthcoming for those who possess outstanding qualities (e.g., self-confidence, passion) as opposed to those who suffer from personal flaws (e.g., insecurity, arrogance). Drawing on theories of similarity-attraction, social comparison, and identification, we suggest that flaws can benefit entrepreneurs to the extent that they increase investors’ perceived closeness to them. Specifically, we theorize that “bridging flaws” that highlight a deficit in a desirable trait (i.e., a lack of self-confidence) will increase identification with an entrepreneur and increase investments, while “distancing flaws” that indicate an excess of a desirable trait (i.e., inflated self-confidence) will decrease identification and investments. Further, we propose that bridging flaws prompt greater identification and investment from investors who feel that they share these flaws, and that distancing flaws most repel these investors. Evidence across three studies including both archival data analyses and experiments provide general support for our conceptual model. Challenging the prevailing narrative on the benefits of exceptionalism, we provide a nuanced understanding of when and how entrepreneurs benefit from the exposure of flaws.

Organizational Managers and their Returns from Entrepreneurship on Re-Entry into Paid Employment

Do entrepreneurs benefit post their entrepreneurial careers on re-entry into paid employment? An answer to this question provides a career value of engaging in an entrepreneurial career. Results have so far been inconclusive suggesting that we still do not know whether entrepreneurship pays or not. Using job matching as the main theoretical foundation, this study investigates how the returns from entrepreneurship are likely to be contingent on the re-entry organizational rank (managers versus non-managers) of the entrepreneur re-entering paid employment post a career in entrepreneurship. Additionally, the study investigates how the returns from entrepreneurship are likely to be contingent on the combination of pre-entrepreneurial entry organizational rank and re-entry organizational rank. Matching managers and non-managers from a sample of STLF in Sweden between 1990 and 2008, relative to wage employees with similar observational characteristics, results indicate that upon re-entry into paid employment, entrepreneurs seem to benefit more in managerial ranks suggesting skills from entrepreneurship are likely to provide higher returns in managerial positions.

Entrepreneurial Network Evolution: Explicating the Structural Localism and Agentic Network Change Distinction

Literature has long highlighted that entrepreneurs benefit from having the right network connections. We observe, however, that although the large and growing literature on entrepreneur network evolution shares a common focus around the formation and dissolution of entrepreneurs’ interdependent, socially embedded relationships, this literature is fragmented and does not always use the explicit language of network theory. We conduct an integrative review to put forth a typology of five core drivers of entrepreneur network evolution. A core insight of our review is that most entrepreneurial network research emphasizes an overarching pattern that suggests substantial path-dependence, with new ties often being local to entrepreneurs’ existing network, hierarchical, and geographic positions. We label this perspective structural localism. By contrast, more recent, emerging research on entrepreneurial action in forming interorganizational relationships, much of which does not use the language of network theory (e.g., ties and networks), suggests a more dynamic and path-creating pattern. We label this perspective agentic network change. After explicating the distinct theoretical foundations and behavioral assumptions of each perspective, we sketch a research agenda for better balancing our understanding of the two and how they intertwine.

The experiences of immigrant entrepreneurs in a medium‐sized Canadian city: The case of St. John's, Newfoundland and Labrador, Canada

There is growing interest in the dynamics of immigrant entrepreneurship in non‐traditional immigrant gateway cities in Canada. Encouraging immigrant businesses is a particularly pressing imperative for Atlantic Canada's small and medium‐sized cities, which struggle with aging labour markets, youth out‐migration, and difficulty attracting and retaining newcomers. Recent research on immigrant entrepreneurship highlights the geography of entrepreneurial benefits and challenges across Canadian cities. Our study contributes to this field by examining the experiences of immigrant entrepreneurs on the “edge”—working in Canada's easternmost city, St. John's, Newfoundland and Labrador. Our findings are based on 28 interviews conducted with immigrant entrepreneurs and key informants in St. John's. As a remote, peripheral city within Canada with a small immigrant population and an economy intimately tied to booms and busts in global oil markets, we found that St. John's presents a distinct set of challenges for immigrant entrepreneurs. Yet, a recent rush to encourage a start‐up ecosystem—through a university‐based incubator program and new provincial nominee streams—is also creating new opportunities for self‐employment and shifting the terrain of support towards white‐collar businesses. Ultimately, this study highlights the variegated experiences of a diverse set of immigrant entrepreneurs in St. John's.

How entrepreneurs build brands and reputation with social media PR: empirical insights from start-ups in Germany

Social media networks such as Facebook offer a promising way of fast, cost-effective and direct communication between enterprises and stakeholders. Employing this technology in entrepreneurial Public Relations (PR) may increase the success of new ventures. Yet, the adoption of social media for PR by start-ups remains under-studied. To fill this gap, we conceptualize entrepreneurial PR within the framework of communication management theory and entrepreneurial marketing. We developed three success factors for PR communication out of the literature and tested them empirically using a sample of 453 German start-ups. Results indicate that social media PR positively contributes to communication outcomes in terms of building up brand and reputation. Perceived relevance, long-term planning and understanding-oriented PR were all relevant for communication success. This means that entrepreneurs benefit from social media, when they initiate dialogues with stakeholders, conduct environmental scanning processes, and build up PR planning skills. Moreover, findings indicate that social media PR is practiced differently depending on the start-ups’ age. Hence, it is crucial for future research to integrate a dynamic perspective on entrepreneurial PR studies.

Do Female Entrepreneurs Benefit From Female Politicians?

Do Female Entrepreneurs Benefit From Female Politicians?

Assessment of Daylighting Designs in the Selected Museums of South-West Nigeria: A Focus on The Integrated Relevant Energy Efficiency Features

An examination of the integrated relevant energy efficiency features is emergent to proffer amicable solutions into some tropical buildings and energy issues. This would go a long way to determine the registered thermal comfort levels enjoyable by the users, occupants and dwellers of such buildings. In this regard, great accountability is required on the part of the stakeholders, especially the Architect-designers. This study investigated the daylighting features engaged in the selected museums of South-western states in Nigeria. The integration of natural daylighting into museums spaces is a major factor in determining the positioning and sizing of fenestrations to the interior spaces of most buildings. Especially in Museum building designs where the artefacts are supposedly not to be exposed to the direct rays of the sun. The effects of daylighting exposure to the museum artefacts depends greatly on the length of exposure to light rays and object tolerance. The aim of this project is to carry out an assessment of daylighting designs in the Selected Museums of South-West Nigeria in order to integrate relevant energy efficiency features into the architectural designs. The study methodology engaged questionnaires, interview and literature reviews in order to have an understanding of the daylighting features integrated into Museum buildings. It also examined the relevant energy-design features for integrating daylighting strategies into the Museum designs. Questionnaires were administered and analysed using Statistical Package for Social Science (SPSS) through descriptive analysis of the data. The analysis showed that there are parametric-energy design indices in the existing architectural designs that are applicable in forms, spaces, materials, techniques, installation and strategies to museums in the tropical climatic regions. The analysis further showed that the use of domes, clerestory windows, atriums, light tubes and anti-solar glass/windows were considered to be most adequate daylighting features sufficient for daylighting designs and energy efficiency optimization. This study developed an architectural design model of a museum as a canonized exemplar that explores various strategies and techniques on how daylighting can be achieved in the museum spaces. It finally recommended an architectural model design specific to all tropical building species in a holistic form and spaces, and planning. These would enable a high-level patronage and optimization for entrepreneurial benefits within the confine of museums and other culture-related buildings in the tropical climate.

Where is the entrepreneurship bang for the patenting buck? Utility versus design patents

This research contributes to the literature on entrepreneurship by studying whether design patents and utility patents have similar effects on entrepreneurial activity. Other contributions of this research include comparing the relative influences on startup versus established entrepreneurs and the effects of patents versus trademarks. Results, based on a panel of U.S. states, show that established entrepreneurs benefit from both types of patenting and from trademarks, whereas startup entrepreneurs significantly benefit from only design patents, and the effects of design patents and trademarks are opposite. These findings suggest that the entrepreneurship bang from the patenting buck might differ across patenting types.

How Does the Degree of Failure Affect Learning? Evidence from Crowdfunding by Serial Entrepreneurs

Scholars have long discussed whether and, if so, what individuals can learn from failure. In the context of new business development, some have suggested that entrepreneurs benefit from negative pa...

Entrepreneurial engagement in a depleted small town: Legitimacy and embeddedness

AbstractOur study of entrepreneurial engagement within a depleted New Zealand community contributes to understanding the role of place and legitimacy in entrepreneurial practice. General decline characterised Stanton until a newcomer entrepreneur started several businesses that rejuvenated the town. She became a local economic hero to many stakeholders; but others deployed social narratives of place that drew on different values. Our analysis of interactions shows how perceptions of place legitimise or vilify and we demonstrate how place intercedes upon economically generated legitimacy of entrepreneurial practice. Social constructions of place and notions of embeddedness influenced this entrepreneurial enactment. Conceptually, we challenge ideas about universal legitimacy ensuing from economic entrepreneurial benefits. Our theoretical contribution offers socio-spatial propositions for understanding entrepreneurial legitimacy through place.

When Liability Becomes Potential: Intermediary Entrepreneurship in Dynamic Market Contexts

This paper analyzes how entrepreneurs fare in an intermediary market segment when the segment is closely attached to a single supplier market. While focusing on two structural constraints, organizational structure and competitive pressure, I build off of the fact that in the past thirty years in the U.S. beer industry, as the number of beer producers (i.e. brewers) proliferated, their intermediaries (i.e. wholesalers) declined. Using establishment-level restricted-access economic microdata from the Longitudinal Business Database, I examine what happens with intermediaries when (some) producers start competing on product variety instead of competing on scale. Piecewise exponential survival models show that Stinchcombe’s ‘liability of newness’ principle can get suspended and certain newcomers have better survival chances than industry incumbents. I call this effect the potential of newness under which entrepreneurial establishments fare better if they are part of well-resourced multiunit firms. Furthermore, I show that these resource-rich entrepreneurs benefit from the potential of newness especially in areas with competition-laden history and where the industry experiences shakeouts. For market incumbents, the more competition-laden the history of the local market, the higher the hazards of current time establishment failure. For multiunit entrepreneurs, however, a more competition-laden history of the local market is associated with a decrease in the hazards of current time establishment failure. This paper highlights that market structure not only enables but sometimes traps already existing organizations and make them less adaptive to changing logics of competition. The results highlight how organizational factors and geography create inequalities among intermediary organizations.

COMMUNITY-BASED ENTREPRENEURSHIP: A COMMUNITY DEVELOPMENT MODEL TO BOOST ENTREPRENEURIAL COMMITMENT IN RURAL MICRO ENTERPRISES

Abstract. Micro enterprises (MEs) have been proven to be significant contributors to the national economy, particularly for marginal communities. However, only a few programs are aimed to encourage ME improvement, especially in rural areas. The community-based entrepreneurship (CBE) program led by higher education institutions has been recognized as an effective instrument to accelerate capacity building for marginal communities. This research aims to determine the effectiveness of this program in boosting entrepreneurial commitment of rural MEs to help them develop their business. Applying the theory of planned behavior (TPB) framework, this research applies a direct survey to respondents from rural MEs. Then to analyze both data and output, this study applies PLS-SEM tool with SmartPLS software. Results reveal that social factors (social pressure and environmental influence) do not incline rural ME entrepreneurs to develop their business. Attitude factors (entrepreneurial benefit and willingness to take a risk) become the most dominant variables, and consistently have an impact on rural ME entrepreneurs in developing their business. To implement the business development of rural ME, perceived behavioral control becomes a main determinant. Demographic profiles (age, gender, and eduction) is also heavily as influential factors.

Business-family interface and the performance of women entrepreneurs

PurposeThe purpose of this paper is to examine the relationships between women entrepreneurs’ firm performance and two dimensions (enrichment and interference) of the business-family interface (BFI) in the moderating context of the level of economic development in two emerging countries – Morocco and Turkey. The enrichment perspective was operationalized as family instrumental (financial) and affective (moral) support, while interference was operationalized as gender-related personal problems.Design/methodology/approachThe study drew upon the work-family interface (WFI) theory from the family embeddedness perspective in the context of institutional economics. In Morocco, a purposive sample of 116 women entrepreneurs completed a self-administered questionnaire using field collection, mail, and phone surveying methods. In Turkey, 147 women entrepreneurs completed the questionnaire online and through personal contacts in business organizations.FindingsThe findings indicated a positive relationship of family financial support with business performance of female entrepreneurs in Morocco, a less economically advanced country. However, family moral support is related to better firm performance in Turkey, a more advanced economy. Gender-related personal problems of women entrepreneurs appear to hamper their business performance in Turkey; while in Morocco, the performance of women entrepreneurs seems to improve in the face of such impediments.Practical implicationsThe results provide initial evidence that female entrepreneurs benefit from the linkages of family-to-business enrichment in different ways, depending on the country’s level of economic development. In less economically developed countries, women entrepreneurs benefit more from instrumental rather than affective components of the enrichment dimension of the BFI. Conversely, in more economically advanced countries, female entrepreneurs benefit more from affective rather than the instrumental elements of this dimension. Likewise, the components of the interference dimension of the BFI affect female entrepreneurs differently depending on the economic development of the countries. Women in the less-developed country of Morocco are less impeded by their personal problems compared to their counterparts in Turkey, a more developed economy. Actually, Moroccan women entrepreneurs improved their business performance when facing obstacles, most likely due to their increased inner strength and resilience acquired when battling adversarial institutional conditions.Originality/valueThe present study makes three unique contributions to the entrepreneurship literature. First, the study links the two BFI dimensions (enrichment and interference) to firm performance with an exclusive focus on female business owners. Second, within the construct of enrichment, the study employs both family instrumental and emotional support. Third, the study shows that the country’s level of economic development moderates the relationships between the BFI dimensions and firm performance.

Model of Entrepreneurship for People with Disabilities

Persons with disabilities are often regarded as unproductive citizens, unable to carry out their duties and responsibilities so that their rights are ignored. Indonesia is a country that has various risks of disability due to various causes, such as prolonged armed conflict, chronic diseases and natural disasters in various areas such as earthquakes, flash floods, landslides and so on. People with disabilities are under-represented in the workforce, often facing discrimination by employers, and often not served and protected effectively. To support the active participation of people with disabilities in society and the economy, this paper aims to explore the role of entrepreneurs with disabilities and the entrepreneurship model of people with disabilities in the study area. We explore entrepreneurial activities between people with disabilities, theoretical foundations, provide entrepreneurial benefits and challenges for people with disabilities, and propose policy recommendations for models of entrepreneurship development with disabilities. Development of entrepreneurship programs for people with disabilities is needed to combat these barriers, promote empowerment and facilitate economic independence for people with disabilities. This model includes courses on how to write business plans, one-on-one business guides, technical assistance, new business grants, and assistance from business incubators.

A Research on the Relationship between Previous Experience and Entrepreneurial Perception for Residents in Tourist Destinations

Many studies show that previous experience has a significant impact on the entrepreneurial opportunity identification in entrepreneurial progress. Taking Lugu Lake in Sichuan Province as a research case, this paper researches the previous experience’ affection on entrepreneurial benefit perception and cost perception through statistical analysis methods such as questionnaire, Levene test, Homogeneity test of variances, etc. The findings show that the entrepreneurial benefit perception is stronger than the cost perception, and is not affected by any previous experience. And the residents which without previous tourism business experience or previous entrepreneurial experience have strongest benefit perception and weakest cost perception. On the contrary, the inhabitants had previous tourism business experience and previous entrepreneurial experience and are objective and rational on the evaluation about benefit perception and cost perception. The previous tourism industry experience of the individual has a significant difference in the benefit perception of tourism entrepreneurship and the impact of tourism entrepreneurial cost perception. Similarly, the previous entrepreneurial experience plays the same role in entrepreneurial perception.

Telling their own stories: Māori entrepreneurship in the mainstream screen industry

We examined how factors from Indigenous entrepreneurship research (social capital, cultural capital, self-efficacy) help explain the high level of Māori entrepreneurial performance in the mainstream screen industry. Results, based on ten case studies and a one-year series of structured interviews, extend prior research by showing that these Indigenous entrepreneurs benefit jointly from two forms of capital: cultural and social. We found high levels of both forms to increase the desire for emancipation of cultural and community identity – not just individual identity – through entrepreneurship. Self-efficacy and storytelling helped ameliorate discontinuities across Indigenous and mainstream contexts. Our research sheds new light on how Indigenous ventures can pursue mainstream entrepreneurship while maintaining cultural identity. It also makes several distinct contributions to the Indigenous entrepreneurship literature. First, it provides an integrative theoretic review. Second, it illustrates a culturally appropriate methodology for researching Māori entrepreneurs with implications for other Indigenous communities. Third, it proposes cultural capital and social capital as a two-part framework for explaining Indigenous entrepreneurial action. Fourth, it shows how entrepreneurship can be empowering for Indigenous communities. Finally, our paper demonstrates that entrepreneurship is a promising mechanism for preserving and promoting the cultures of Māori and other Indigenous peoples.

Is Any Advice Good Advice? The Impact of Business and Technology Advisors on Venture Emergence

Founders of new technology ventures often seek advice and mentoring in both informal and organized settings. However, despite numerous studies on the subject, we have a poor understanding of whether and how advice affects nascent venture emergence. In this study, we aim to increase our understanding of when advice aids new venture emergence and do so by looking at the type of advice, business versus technology, as well as the entrepreneur’s previous experience level. Specifically, we build competing hypotheses to address the question of whether entrepreneurs benefit more from advice when they lack experience and thus are in greater need of advice, versus when they are more experienced and better able to understand and implement advice. Using a sample of 121 entrepreneurs representing 86 nascent technology ventures associated with the National Science Foundation Innovation Corps (“I-Corps”) Program, we find that business advice improves venture emergence, while technology advice does not. New venture emergence is further enhanced by advice that complements, rather than amplifies, the entrepreneur’s experience base. We further determine that more experienced entrepreneurs typically benefit most from advisors. In addition to offering important insights to the literature on organizational learning and advisors, these findings have strong impact on the public policy and institutional mechanisms supporting technology entrepreneurship.