Entrepreneurs Face Research Articles

Immigrant entrepreneurship and gender dimensions: A systematic review

Purpose: This paper discusses whether the gender dimension of immigrants influences their entrepreneurial activities in host societies. Human capital theory, social capital theory, and disadvantage theory are used to explore immigrant entrepreneurship and its understanding as a migration research field worthy of more attention.Design/methodology/approach: Based on the systematic analysis of literature and peer-reviewed papers, a comprehensive analytical framework was developed. This framework is provided with an overview to discover the 20 articles written between 2000 and 2021 from different countries are discussed.Findings: It has been found that female immigrant entrepreneurs face many different challenges to sustain their businesses in the host countries, based on their human capital, social-capital, and disadvantage perspectives. Consequently, this research adds to the literature on female immigrants and has practical implications for policymakers and the immigrant community.Social Implications: The implication of this study is that destination countries should do something to improve the human and social capital of female immigrants to decrease the disadvantages they face.Originality/value: In this study, we specifically consider female immigrant enterprises to be as important as male enterprises in the destination countries to support the social and economic integration of migrants. On the other hand, this study also shows the disadvantages female immigrant entrepreneurs face before establishing a business and after starting their entrepreneurial activities.

THE ANALYSIS OF CHALLENGES AND PROSPECTS FACED BY ENTREPRENEURS TO ENSURE SUSTAINABLE GROWTH OF SMALL AND MEDIUM ENTERPRISES

SMEcos (Small and Medium Ecopreneurs) are critical players in the circular economy and achieving the goal of sustainable development. This is especially true because SMEcos have long been the backbone of economic progress, and entrepreneurs make a significant contribution to the sustainable use of natural resources and the reduction of development problems. Therefore, this research looks at the problems and opportunities faced by small and medium-sized ecopreneurs. The terms “sustainable development”, “circular economy”, and “ecopreneurship” have been discussed in the research. It also considers how SMEcos might contribute to the development of a circular economy. As a theoretical framework, the survey is based on sustainability theory. To conduct thorough study, relevant and accurate learning theory and reports have been employed. Entrepreneurs face four major challenges: financial availability and accessibility; a lack of planning, competent labor, and appropriate management skills; a lack of competitiveness, technical innovation, and consumer loyalty; and a lack of legal and regulatory framework as well as social considerations. The SMEs offers significant potential for entrepreneurial development, according to the results. New entrepreneurs are frequently confronted with rivalry, unforeseen business obstacles, and other reasons when faced with external hurdles. In addition, the results of the study have revealed a number of concepts that can help entrepreneurs overcome difficulties, such as being optimistic in the face of difficulties, spreading an idea and vision to potential investors, etc.

Comparative Study of Culture of Entrepreneurship and Financial Culture in Micro and Small Entrepreneurs of Trujillo, Peru

The present research decided to formulate as a general objective "To determine and compare the levels of Entrepreneurship Culture and Financial Culture in Micro and Small Entrepreneurs in Trujillo, Peru 2022". It was observed that micro and small entrepreneurs face a big problem when applying for loans from banks and financial institutions based in Trujillo, limiting their possibilities to apply for financing. For these reasons, the research aims to improve this problematic reality. In this research situation is that we formulated the following question: ¿What are the comparative levels of Entrepreneurship Culture and Financial Culture in Micro and Small entrepreneurs in Trujillo, Peru 2022? We developed a quantitative approach, with a non-experimental design, cross-sectional, applied type, with a causal correlational level, the technique considered was the survey and the instrument was the questionnaire, which was applied to 38 micro and small entrepreneurs in the city of Trujillo. The results showed that there is a high level of correlation between Entrepreneurship Culture and "Financial Culture" according to the dimension of obtaining capital, with a Spearman's Rho of 1, demonstrating that the more risk acceptance, leadership, creativity, and innovation are positively improved, the more the obtaining of capital is favored through improvements in financial knowledge.

Impact of women’s economic empowerment on the rise of female entrepreneurship and human capital in Botswana

The authors investigated the importance of women’s economic empowerment and its impact on the rise of female entrepreneurship and human capital in Botswana. The research included a case study analysis with four in-depth expert interviews. Data triangulation ensured the study's validity, and the case was examined through pattern matching. The results demonstrate that female entrepreneurs face challenges such as access to resources and education, socio-cultural norms, a lack of social protection, and a large and unprotected informal sector. The government and institutions shall promote women's enablement through a direct labor market intervention, support for the informal sector, a gender-sensitive constitutional, legal, and institutional framework, the enforcement and oversight of gender-responsive laws and policies, and access to resources and education. Furthermore, women require digital inclusion, entrepreneur networks, social protection, and reformed socio-cultural norms. If female entrepreneurs are empowered adequately, they will contribute to nations' human capital, economic growth, and development.

Collaboration between social entrepreneurs and large companies: Mutual value creation through different forms of partnerships

The purpose of this paper is to deeply explore partnerships between large companies and social entrepreneurs. The objectives are as follows: to identify different types of partnerships between social entrepreneurs and large companies, determine mutual benefits of partnership, explore the challenges which large companies and social entrepreneurs face in the partnership. Important results of the paper shed light on this under-investigated relationship between social entrepreneurs and large companies. First, the study offers a new categorization of partnerships between social entrepreneurs and large companies. A new model — the Partnership Matrix accordingly was developed. This model is based on mutual benefits for both parties: Business, Innovation, Reputation — Impact, Survival, Scale. Second, benefits and obstacles to the development of collaboration between social entrepreneurs and large companies were identified. An extensive set of semi-structured interviews allowed to hold in-depth analysis of qualitative data. The research contributes to the literature on social entrepreneurship, business and society. The results of the research have practical implications; they can help social entrepreneurs and large companies to develop partnerships using more conscious, thoughtful and suitable approaches to mutual value creation. Keywords: cross-sector partnership, social entrepreneurship, corporate social responsibility, social partnership, hybrid organization.

Focused Group Interview Literature Review of Challenges Ethiopian Female Entrepreneurs Face in their Business Ventures

Focused Group Interview Literature Review of Challenges Ethiopian Female Entrepreneurs Face in their Business Ventures

The impact of women's economic empowerment on the rise of female entrepreneurship and human capital in South Africa

The authors investigated the importance of women's economic empowerment and its impact on the rise of female entrepreneurship and human capital in South Africa. The research included a case study analysis with four in-depth expert interviews. Data triangulation ensured the study's validity, and the case was examined through pattern matching. The results demonstrate that female entrepreneurs face challenges such as access to resources and education, socio-cultural norms, a lack of social protection and a large and unprotected informal sector. The government and institutions shall promote women's enablement through a direct labour market intervention, support for the informal sector, a gender-sensitive constitutional, legal and institutional framework, the enforcement and oversight of gender-responsive laws and policies and access to resources and education. Furthermore, women require digital inclusion, entrepreneur networks, social protection and reformed socio-cultural norms. If female entrepreneurs are empowered adequately, they would contribute to nations' human capital, economic growth and development.

A Study on the Mechanism of College Students’ Entrepreneurial Exit: Regulating Effect of Entrepreneurial Self efficacy and Entrepreneurial Ability

Based on the theory of planned behavior and entrepreneurial failure, this paper conducts a questionnaire survey of college students’ entrepreneurs through stratified sampling method to study the influencing factors of Entrepreneurial exit intention behavior, and establishes a structural equation model to more intuitively analyze the path relationship between Entrepreneurial self-efficacy and Entrepreneurial exit intention, with a view to promoting a correct understanding of Entrepreneurial exit intention and providing systematic and personalized training for entrepreneurs, Only by building a scientific and reasonable Entrepreneurial exit intention mechanism and path can entrepreneurs and potential entrepreneurs face entrepreneurial challenges directly and truly promote the sustainable development of innovation and entrepreneurship practice in the whole society.

The causal exploration of digital entrepreneurial psychological capital configurations based on fsQCA

The COVID-19 brings about a great quantity of digital entrepreneurs in China. In the fierce competition, positive psychological capital can better help them adjust emotions, cognition and behavior. However, little is known of how to improve the digital entrepreneurial psychological capital (DEPC). To fill this gap, this paper explored the configurations to promote DEPC. Based on the key psychological resources theory, a configurational framework which encompasses the antecedent conditions of self-regulation, entrepreneurial learning, family support and entrepreneurial environment is proposed. Using fuzzy-set qualitative comparative analysis (fsQCA) to analyze the survey data of 238 digital entrepreneurs in China, specifically, there are 4 recipes for resulting in high DEPC and 5 for not-high DEPC. The results reveal that the changes of DEPC are mainly caused by the synergy of multi-factors. In order to enhance DEPC, digital entrepreneurs should seek support from family members actively; build self-regulated entrepreneurial learning (SREL) capabilities or entrepreneurial experience learning capabilities; and adjust promoting regulatory focus to a lower level or accumulate the experience of digital entrepreneurship in a good entrepreneurial environment. Overall, this work highlights the approaches to high DEPC. Theoretically, it contributes to the literature on positive organizational behavior by confirming the configurational roles of DEPC; practically, it provides beneficial implications for the development of DEPC, which helps digital entrepreneurs face the crisis better in VUCA environment.

How do young rural farmers use new media to improve business?

The utilization of new media plays a significant role in addressing the challenges agricultural entrepreneurs face. However, young rural farmers have not fully tapped into the potential of new media for their business development. This study explores how young farmers in Gunungkidul Regency, one of the economically disadvantaged areas in the Special Region of Yogyakarta, Indonesia, use new media and its impact on their agricultural businesses. The sample represented 50% of young farmers in Gunungkidul Regency and was selected using proportional random sampling. Data was collected through questionnaires and analysed using quantitative descriptive and linear regression. The findings indicated that new media was mainly used for information-seeking (61.46%), communication (64.73%), and transactions (67.85%). It was also found that the use of new media significantly influences the development of young farmers’ agricultural businesses, with an R-squared score of 0.623. The statistical analysis showed an F-score of 175.44 with a significant level of 0.00%. The primary challenge in utilizing new media for business is the lack of skills in applying these tools effectively. To address this issue, it is recommended to provide training, support, and necessary resources to help young farmers better use new media for business growth.

‘Community-based adaptive entrepreneurship’ addressing climate and ecosystem changes: Evidence from a riparian area in Bangladesh

Community-based entrepreneurs have a great dependence on the local ecosystems for their entrepreneurial needs. As ecosystems change due to various climatic and anthropogenic drivers, entrepreneurs face challenges to continue with traditional modes of ecosystem-dependent operations. This research sought to understand how changes in ecosystems affect practices of entrepreneurs and their subsequent entrepreneurial responses. It examined this phenomenon in a climatically vulnerable community located at a riparian locality of southwestern Bangladesh. Drawing on resilience thinking, the research followed qualitative-case study and participatory approaches involving survey, focus group, workshops, and observation. It found that the local community members dealt with ecosystems changes through shifted entrepreneurial modes. They exhibited resilience, innovativeness and adaptability in the context of a climatically vulnerable and ecosystem services dependent locality. They adopted non-traditional ventures, diversified traditional enterprises, and brought about changes to their production practices. The research termed those shifted entrepreneurial practices of the community entrepreneurs as ‘community-based adaptive entrepreneurship (CBAE)’. The research theorized and coined the term (CBAE) as an entrepreneurial model with potential to enhance resilience of climatically vulnerable communities. It argues that the CBAE model offers a suitable policy option and strategic choice towards livelihoods for the communities facing adverse impact of climate and ecosystem changes.

What Are the Recipes of an Entrepreneur's Subjective Well-Being? A Fuzzy-Set Approach for China.

Entrepreneurs face more pressure and challenges than ordinary workers, which has a serious impact on their physical and mental health. Therefore, the research focus has gradually shifted from objective indicators of entrepreneurial performance to exploration of entrepreneurs' subjective well-being. However, previous studies were often limited to a net effect analysis of a single dimension under symmetric thinking in quantitative research. Therefore, this study uses fuzzy-set qualitative comparative analysis (fsQCA) to analyze the configuration path of entrepreneurs' physical and mental health at the individual level, social capital at the collective level, and subjective well-being from the perspective of configuration. The sample was of 279 effective entrepreneurs from the 2017 China General Social Survey (CGSS). Four types of entrepreneurs were found to improve their high well-being profiles: optimistic efficiency-driven, trust efficiency-driven, strong psychology-driven, and weak relationship-driven. Research shows that the interaction between physical and mental health and social capital jointly affects the subjective well-being of entrepreneurs. The research findings reinforce the need for attention to the physical and mental health of entrepreneurs, which are conducive to their active participation in social life. Additionally, establishing weak relationship-oriented interpersonal networks and accumulating social resources to further achieve higher subjective well-being is required.

Networking as an entrepreneurial marketing tool: the link between effectuation and word of mouth

PurposeEffectuation has received increased attention in the field of entrepreneurship. However, previous studies have focused on performance rather than on networking and word-of-mouth (WOM) marketing. Therefore, the purpose of this study is to understand the mediating effect of networking on the relationship between effectuation and WOM marketing.Design/methodology/approachThis study used partial least squares structural equation modeling to investigate the relationship between effectuation and WOM marketing mediated through networking. The research model was assessed using data from a sample of 256 entrepreneurs.FindingsThe results reveal that effectuation positively influences WOM marketing, mediated by networking. This study provides new insights into the precursors of WOM marketing and highlights the importance of networking in this process.Practical implicationsThe implications of these findings suggest that entrepreneurs should create networking plans that focus on the maintenance and creation of new customers. This plan could be tracked via email, cell phone or online social data to maintain awareness of the failures and successes of the process and for continual improvement.Originality/valueA vast number of studies have been conducted on effectuation and networking. However, to the best of the authors’ knowledge, no previous study has investigated the influence of these two variables on WOM marketing. Entrepreneurs face long-term sales challenges, and this study proposes that networking could be a solution, thereby increasing WOM marketing sales.

The Impact of Women’s Economic Empowerment on the Rise of Female Entrepreneurship in Namibia

Abstract In this paper the authors investigate the importance of women’s economic empowerment and its impact on the rise of female entrepreneurship and human capital in Namibia. The research includes a case study analysis with four in-depth expert interviews. Data triangulation ensure the study’s validity, and the case was examined through pattern matching. The results demonstrate that female entrepreneurs face challenges such as access to resources and education, socio-cultural norms, a lack of social protection, and a large and unprotected informal sector. The government and institutions shall promote women’s empowerment through a direct labour market intervention, support for the informal sector, a gender-sensitive constitutional, legal, and institutional framework, the enforcement and oversight of gender-responsive laws and policies, and access to resources and education. Furthermore, women require digital inclusion, entrepreneur networks, social protection, and reformed socio-cultural norms. If female entrepreneurs are empowered adequately, they will contribute to nations’ human capital, economic growth, and development.

Understanding pandemic entrepreneurship as a unique form of crisis entrepreneurship

PurposeThere is a large literature about crisis entrepreneurship, spanning from necessity, natural disaster and long-term conflict entrepreneurship. This paper situates pandemic entrepreneurship as a unique form of crisis entrepreneurship.Design/methodology/approachThe authors utilize the Kirznerian and Schumpeterian theories of entrepreneurship to understand pandemic entrepreneurship. Using evidence from the US COVID-19 pandemic, the authors argue that pandemics impact both the “identification” and “action” moments of entrepreneurship.FindingsThe Kirznerian identification moment becomes much more uncertain for entrepreneurs because of fluctuating conditions, such as public health conditions, new potential variants of the virus causing the pandemic, shifting government mandates and rules and so forth. The Schumpeterian action moment becomes more challenging because of the necessity of physical distancing and because, generally, all crises raise the cost of entrepreneurial action. That said, the authors still document considerable entrepreneurship during pandemics as entrepreneurs adapt to the increased uncertainty and costs by rely upon local and customary knowledge.Research limitations/implicationsThis research finds that entrepreneurs, depending upon the crisis, face differing constraints. Specifically in times of pandemic, entrepreneurs face difficulty recognizing opportunities because of shifting conditions and acting upon opportunities because of financial and political constraints. This research thus implies that there are large opportunities for alleviation of such constraints if there were to be future variants or pandemics.Practical implicationsPractically speaking, this research affects how people study entrepreneurship. By recognizing the differing constraints that pandemic entrepreneurs face, the authors can better understand the last several years, and can also prepare better policy wise for future pandemics or further variants of COVID-19.Social implicationsSocially, entrepreneurship can be a large factor in recovery from disasters and crises. By recognizing and perhaps alleviating constraints that pandemic entrepreneurs face, future crises could have better responses and recoveries.Originality/valueAlthough several studies have examined entrepreneurship during the COVID-19 pandemic, the extant literature on pandemic entrepreneurship remains relatively underdeveloped and has not yet focused on what distinguishes pandemic entrepreneurship from other forms of crisis entrepreneurship. The authors highlight what pandemic entrepreneurship has in common with other forms of crisis entrepreneurship and pinpoint the various ways that is distinct.

Knowledge problem diagnosis and the fate of corporate entrepreneurship initiatives

One of the great paradoxes of corporate entrepreneurship (CE) is that even with good intentions and prodigious resources initiatives supporting the renewal and revitalization of organizations through entrepreneurial action are often programmed to fail before they are even launched. The cause of this malady stems from the challenges corporate entrepreneurs face in accurately diagnosing the state of the marketplace and the needs of their respective companies. Misdiagnosis is costly, pervasive, and avoidable; yet, the entrepreneurship literature does not offer a comprehensive explanatory model concerning why and how these expensive errors arise with such frequency. To address this gap, we leverage recent advances in realm of knowledge problem scholarship to hone in on the ability and willingness of corporate entrepreneurs to accurately assess ambiguity, equivocality, uncertainty, and complexity in the context of corporate acquisitions. Findings from the study indicate that knowledge problem misdiagnosis has a profoundly negative impact on venturing outcomes. Practitioners exposed to the framework lauded its potential to constructively challenge core company assumptions to avoid expensive mistakes.

Institutional work to navigate ethical dilemmas: Evidence from a social enterprise

Social entrepreneurs encounter ethical dilemmas while addressing their social and commercial missions. The literature has implicitly acknowledged the ethical dilemmas social entrepreneurs face; however, the nature and implications of these ethical dilemmas and how social entrepreneurs navigate them are underexplored and undertheorized. We address this by conducting a 36-month field study of a social enterprise operating in a rural resource-constrained environment in India and dealing with a stigmatized product. We found four categories of ethical dilemmas faced by social entrepreneurs: challenges in engaging the community (equality vs. efficiency and fairness vs. care), challenges related to spillover effects (right vs. responsibilities), challenges in balancing diverse stakeholders (emotionally detached vs. emotionally engaged), and challenges related to cross-subsidization efforts (utilitarianism vs. fairness). Further, we identified three types of institutional work social entrepreneurs engage in to address ethical dilemmas: recognition work, responsibilization work, and reflective judgment work. We label these three institutional works as inclusion work - purposive actions of an entity to address ethical dilemmas by implementing its program in a way that supports the most marginalized. Our study makes an important contribution to the literature on ethics in the context of social entrepreneurship by identifying specific ethical dilemmas social entrepreneurs face in managing hybridity (balancing social-commercial objectives) and enhancing social impact (managing social-social objectives). Moreover, through the concept of inclusion work, our research not only integrates insights from ethics and institutional theories but also responds to the recent call to address grand societal challenges through institutional work.

Analysis of the influence of entrepreneurial psychology on the index system of digital development of the equipment manufacturing industry.

Entrepreneurs face the high pressure of the environment and may encounter psychological barriers such as entrepreneurial burnout. In order to maintain the growth of enterprises, entrepreneurs need to have toughness and perseverance to adapt to changes in the environment, overcome the negative effects of failure and crisis, and make progress in the crisis. The digital transformation of traditional manufacturing industry is an important way for the integration and development of digital economy and real economy. As the information support system of enterprise strategic psychology, strategic management accounting will also develop to a higher level with the digital transformation of enterprises. By reshaping an efficient spiritual organization, building an integrated innovation platform, and building an intelligent information architecture based on the concept of predictive finance, strategic management accounting will achieve important goals in the context of digital transformation. And give full play to the intellectual support role of its strategic psychology. The change of entrepreneurial psychology is crucial to the success of digital transformation of manufacturing industry. At present, the digital exploration of entrepreneurs' psychological influence has made some preliminary achievements in technology and management, but according to the analysis in this paper, there is still much room for digital transformation.

Opportunities and challenges in food entrepreneurship: In-depth qualitative investigation of millet entrepreneurs

Consumer food preferences are undergoing a rapid transformation, and there has been a heightening of interest in eating healthy, sustainable foods. Food entrepreneurs are cashing in on the trend and are diversifying their existing offerings to include healthier options using alternate ingredients such as millets. However, these entrepreneurs face several challenges, and the actual growth of the market is lower than expected. The present study examines the opportunities and challenges faced by millet entrepreneurs. A total of 25 millet entrepreneurs were interviewed using a semi-structured qualitative design. Key opportunities include increased awareness of millets, people going back to their traditions, and informative food labels were the key opportunities, while a lack of awareness, lack of familiarity, preparation difficulty, sensory attributes, lack of affordability, inferior image, customer distrust, and millets’ longer gestational cycle were major challenges.

The Impact of Social Media Adoption on Business Performance among Homepreneurs: A Preliminary Study

In recent days, Home Based Businesses have become a trend, also known as homepreneurs. Home Based Entrepreneurs (Homepreneurs) face unique challenges and need proper strategies and action steps for their personal growth. There are many studies on the impact of social media on business performance, but not much work has been done on homepreneurs specifically. As technological advancement moves fast and changes the business landscape rapidly, the choice of the digital platforms that are gaining popularity lies within social media, which is significantly important in developing the growth of Homepreneurs. This study seeks to explore the impact of Social Media adoption on Homepreneurs' business performance on a grass-roots level. This article presents a conceptual model involving the roles played by social media adoption for homepreneurs that result in contributing to the growth of business performance. The major theoretical, empirical, and practical contributions of this study are also discussed. The findings of this current study add to the existing body of knowledge in the area of feminist studies and will also be beneficial to academicians and practitioners. Social media platforms are particularly advantageous for homepreneurs, as it is hoped that homepreneurs will grow tremendously, have sustainable competitiveness, and improve the economic growth of the nation.