Entrepreneurship Theory Research Articles

Exploring the dynamics of innovation: patterns of growth and contraction in the local food industry

PurposeThe purpose of this study is shed light on the underlying forces behind entrepreneurship within a regional innovation system (RIS) in a remote rural region. The authors examine the following questions: Which are the main underlying forces behind the entrepreneurial process in a rural RIS characterized by traditionally low-tech, small-scale businesses? How can the development of a low-tech regional innovation system be conceptualized?Design/methodology/approachThe design of the study is based on entrepreneurship theory. Data analysis followed practices used in phenomenography, a research approach used to analyse and identify commonalities and variations in populations' perceptions of a certain phenomenon. Data are composed using semi-structured interviews and a database composed of company information of all firms in the population.FindingsA proactive mobilization of regional stakeholders and resources can be an important driving force behind the entrepreneurial process and generation of a rural RIS. Innovation can be generated within low-tech industries turning the rural context into an asset. An RIS in a remote rural context can be initiated and orchestrated by regional authorities, but knowledge brokering and orchestration can also be managed by networks of small-scale businesses brought together by mutual benefit and common interests.Research limitations/implicationsRegional innovation systems theory is most often used to study high-tech industries. But by combining regional innovation systems with rural entrepreneurship and entrepreneurship context theory is a fruitful avenue to understand the role of rural entrepreneurship in regional development, even in remote and peripheral regions. Innovation does not need to entail high-tech international environments; it can appear as the result of efforts in low-tech industries in rural and remote environments. The authors’ findings need to be scrutinized; therefore, the authors call for more research on regional innovation systems in rural environments.Practical implicationsIt is possible for regional authorities to orchestrate a development process through the actions of a strong regional agent but also by supporting the creation of networks of small businesses that are built on trust and common interests.Originality/valueThis study contributes to the literature with a new perspective to the study of entrepreneurship and of regional innovation systems. Entrepreneurship research with focus on rural contexts most often highlight limits to entrepreneurship and see entrepreneurship as “just running a business”. A perspective that starts from innovation and innovative behaviour, despite the rural context and embedded resources, helps to generate new knowledge that can enrich the understanding of entrepreneurship and also be the foundation for more precise business development policies in rural settings.

“What Is an Opportunity?”: From Theoretical Mystification to Everyday Understanding

Expressions about opportunities are used unproblematically in everyday contexts. Yet, the question “What is an opportunity?” has posed a difficult riddle in the academic study of entrepreneurship. Drawing on the philosophy of Ludwig Wittgenstein, we explain that such perplexities are common when words are removed from ordinary language and intellectuals try to grasp what they name. Approaching the opportunity riddle differently, we ask, “How do entrepreneurs use the word opportunity?” and elucidate an actualization theory of entrepreneurship attuned to the everyday understandings that underlie the meaningful use of the word. Bringing implicit understandings to the foreground contributes to (1) the dissolution of the mystification over the nature of “opportunity”, (2) the clarification of the conceptual foundations of entrepreneurship theory, and (3) the reorientation of the field toward more conceptually precise ways of thinking about Knightian uncertainty, entrepreneurial success, and the entrepreneurial process. This paper also contributes to the methodology of management studies, by demonstrating how attention to the logic of ordinary language can alert us to theoretical dead-ends and enable the development of theory that bridges academic and everyday understandings.

Synergies between entrepreneurial theory, agile and lean start-up models

Synergies between entrepreneurial theory, agile and lean start-up models

Synergies between entrepreneurial theory, agile and lean start-up models

Synergies between entrepreneurial theory, agile and lean start-up models

Entrepreneurship Training and Factors That Affect The Interest in Entrepreneurship

This study aims to determine the results of entrepreneurship training and the factors that influence the interest in entrepreneurship. Training activities were carried out at PKBM Bandung City with material on entrepreneurial theory and practice. with a research approach using a quantitative approach. Training results data were analyzed using multiple linear regression. The results of the research show that the results of the training can improve entrepreneurial knowledge, attitudes, and skills. The success rate of entrepreneurial practice is 62.5% and the regression purchase is obtained Y = 3.694 – 0.297 X1 + 0.005 X2 -0.076 X3 which indicates that technology and capital variables do not affect interest in entrepreneurship, while educational variables affect interest in entrepreneurship. Simultaneously the third factor namely technology, education and capital together does not affect the interest in entrepreneurship.

Experiências de Mulheres Empreendedoras nas Maldivas: Do Conceito à Implementação e Além

ABSTRACT Objective: the number of women-owned SMEs in the Maldives has increased as a result of the recent popularity of e-commerce and the Covid-19 pandemic. Thus, the purpose of this study was to describe the entrepreneurial experiences of female entrepreneurs in the Maldives in order to gain an understanding of the various stages of entrepreneurial process. Theoretical approach: the conceptual framework of this research was based theoretically on values derived from entrepreneurial theories and the components and features derived from the existing entrepreneurial process models. Method: this study employed a qualitative methodology, with semi-structured interviews conducted with five established female entrepreneurs. Purposive sampling technique was used to select participants. The data collected were analyzed using thematic analysis method. Results: the study’s findings revealed that the conception of the entrepreneurial idea, the first stage of the entrepreneurial process, was primarily inspired by the entrepreneur’s passion and hobby. In the second stage, it was discovered that no proper business planning had been completed, and the business was initially self-financed. In the third stage, it was discovered that the majority of entrepreneurs launched their businesses through social media and managed day-to-day operations as a small team. When it came to fourth stage, most of female entrepreneurs preferred both image and financial growth, with the majority of them relying on government funds for further business growth. Conclusion: this research will assist policymakers to gain insight into female entrepreneurs’ entrepreneurial experiences and, as a result, in developing effective policies and programs to help them expand their business.

The Knowledge Spillover Theory of Entrepreneurship and Innovation (KSTE+I) Approach and the Advent of AI Technologies: Evidence from the European Regions

The Knowledge Spillover Theory of Entrepreneurship and Innovation (KSTE+I) Approach and the Advent of AI Technologies: Evidence from the European Regions

Management model in the conditions of digitalization of business environment in the regional ecosystem

It is recognized that the role of business environment management in the regional ecosystem is paramount to ensure the balanced development of all ecosystem elements. This is made possible based on the prerequisites for digital transformation that have been created. There is a need for a management model that will bring the spontaneity of the region’s entrepreneurial environment into line, strengthen its vector momentum in increasing the activity of the ecosphere of the territory, and allow choosing the best solutions. The study aims to formation of a model for establishing interaction between the state and business in the framework of the Russian model of digitalization based on the study and development of scientific theories and ideas, best practices, research of the state and trends of entrepreneurial activity of the region and its ecosphere. Methods: fundamental theories of entrepreneurship and approaches to modern theoretical research on business environment management, knowledge within the framework of business environment management theory, concepts of regional ecosystem theory, digitalization models, and tools of meso-ecological models of the business environment. The model of establishing the interaction between the state and business in the region proposed is based on the study of theories, methods and analysis of the role and performance trends of the business environment. An adapted management model in the conditions of digitalization of the business environment is presented concerning the regional ecosystem based on the materials of the Strategy of Digital Transformation of Stavropol Territory. In the recommended model on a new technological basis decomposition of factors, agents of the mesoecological model of the business environment and factors of their assessment, the interaction of the business environment and its communication activity between all subjects are given.

A Study on the Impact of Entrepreneurship on College Students' Entrepreneurial Activities and Will to Start a Business: Targeted to Beauty Major College Students

This study confirmed the impact of entrepreneurship among cosmetology college students on their will to start a business, and empirically analyzed whether entrepreneurship activities had a mediating effect. Based on previous research at home and abroad, theories of entrepreneurship, entrepreneurial activity, and entrepreneurial will were reviewed, and a research model and hypothesis were derived based on the theories. Of the 170 returned survey responses, 162, excluding 8 inappropriate ones, were selected for final analysis. The results of this study are as follows. Among the innovativeness, progressiveness, and risk-taking of entrepreneurship, progressiveness was found to have a significant effect on start-up activities, and start-up activities had a significant effect on the will to start a business. It was found to have a significant effect. These research results suggest the importance of cultivating entrepreneurship and entrepreneurship activities to increase the willingness to start a business among cosmetology departments.

Analysis of the Effect of Entrepreneurship Education and Entrepreneurial Mindset on Entrepreneurial Skills using use of Social Media as a Mediator Variable at SMKN & SMKS with Marketing Expertise Programs in Mojokerto Regency

Business is often discussed in all forums and media, as evidenced by many teaching methods, and business is now a required course in many higher and basic universities (Lockma & Schirm, 2020). In this research, we use several methods using partial least squares equation modeling (PLS-SEM) to estimate and confirm the given hypotheses. This study uses Google Forms to collect information on employment and secondary school students in Mojokerto Regency. The respondents to this study are 346 respondents from three schools targeted for this study. Entrepreneurship education has therefore been shown to be incapable of explaining social media use or entrepreneurial skills. However, theories of entrepreneurship can explain social media use and entrepreneurial skills. Additionally, market perception will have a greater impact on the market if it is improved using social media as an indicator. At the same time, although business education is strong using social media as an intermediary, it does not appear to have a greater impact on the ability to do business.

Digipreneurship as an Effort to Strengthen The Digitalization of The Islamic Economy in Indonesia

The digitization of the Islamic economy in Indonesia offers opportunities to strengthen economic growth based on Islamic principles. Through the development of sharia e-commerce platforms, technology-based financial services, and sharia-based fintech innovations, this digitization facilitates easier and faster access to Islamic products and services. This research uses three theoretical approaches: digital economy theory, entrepreneurship theory, and Islamic economic theory, with the aim of understanding the contribution and impact of digipreneurship in strengthening the digitalization of the Islamic economy in Indonesia and analyzing the principles of Islamic economics that can be applied in digital business. The research method used is qualitative with a descriptive content analysis approach and phenomenological design. The results highlight the importance of digipreneurship as an effort to strengthen the digitalization of the Islamic economy in Indonesia and integrate the principles of Islamic entrepreneurship into digital businesses. Digitalization of the Islamic economy through digipreneurship opens opportunities for Muslim participation in the digital market, encourages innovation, and promotes inclusive economic growth. The integration of Islamic values and principles into the digital economy is important in the digital era in Indonesia. Digipreneurship serves as a means to harness the potential of digital technology by upholding Islamic values, so that individuals and businesses can play an important role in advancing the digitalization of the Islamic economy, driving economic growth, and creating a prosperous future.

Kewirausahaan Politik Walikota Surakarta dalam Upaya Pengembangan Sumber Daya Manusia

This study aims to capture the practice of political entrepreneurship in human resource development efforts undertaken by Surakarta Mayor Gibran Rakabuming Raka. This research is important for expanding studies in the field of Political Science related to the practice of political entrepreneurship in Indonesia, particularly at higher levels. Political entrepreneurship actions are carried out through the utilization of authority in the form of resource allocation by political actors to generate profits and create maximum public benefits. By borrowing the alertness and discovery branch of thought in the theory of political entrepreneurship developed by McCaffrey and Salerno (2011), this study seeks to analyze the actions of political actors in presenting public benefits through the revitalization policy of the Solo Technopark Science and Technology. This research was qualitative, using a case study method through data collection in the form of interviews, documentation, literature study, and observation. The results showed that the Mayor of Surakarta is sensitive in seeing global challenges and answering these challenges through a solution that is ultimately able to bring benefits to the people in Surakarta City. The findings of this study show one side of the characteristics, that the practice of political entrepreneurship carried out at a higher level is able to produce greater benefits and benefits for the community and also political actors.

Emergence of Entrepreneurs by Facing Financial Distress: The Mediating Mechanism of Entrepreneurial Motivation

The purpose of this research study is to examine the phenomena that led to rise in entrepreneurs post COVID-19 pandemic, Inflation and unemployment; how financial distress in Pakistan lead to entrepreneurial motivation, and to advance the study in domain of motivation that makes someone opt for entrepreneurship. The results of the study provide a means to understand how financial distress is linked with entrepreneurial behavior to startup ventures. The study also entails how entrepreneurial motivation turns into entrepreneurial behavior in presence of boundary condition of financial self-efficacy. The research study has different theoretical, practical and economic implications as well. The theory of entrepreneurship embeds the study model explaining the casual relations of the variables. Data sample has been collected from 200 entrepreneurs at three points of times. At T1 data was gathered for financial distress, at T2 data was gathered for entrepreneurial motivation and at T3 data was gathered for financial self-efficacy, entrepreneurial intentions and entrepreneurial behavior. Results of hypothesis test shows that financial distress has positive impact on Entrepreneurial intention and has not impacted Entrepreneurial behavior positively, Entrepreneurial motivation positively impacted Intention and behavior. Therefore, the study provides important insights into unexplored drivers of financial distress towards entrepreneurial motivation and intention and behavior contributing existing literature pertaining to entrepreneurial motivation. The study has uncovered fruitful aspects of entrepreneurship for future study.

Sustainable HRM Strategies and Open Innovation: Nurturing Women Entrepreneurs in the Fashion Sector with mediating role of Entrepreneurial Readiness

This research investigates the influence of Sustainable Human Resource Management (HRM) on Women Entrepreneurship Success (WES) in the context of the fashion industry in Southern Punjab, Pakistan. With a focus on boutiques, apparel, embroidery, sewing, beauty parlors, and jewelry businesses, the study aims to demonstrate how Sustainable HRM supports female entrepreneurship, utilizing Entrepreneurial Readiness as a mediator and Open Innovation as a moderator. Data was collected from 300 female entrepreneurs in Multan, Bahawalpur, and DG Khan Division through questionnaires. Structural equation modeling, mediation, moderation, regression, reliability, T-test, and ANOVA analyses were conducted to unveil the latest insights. The findings highlight that Sustainable HRM fosters women entrepreneurship by elevating entrepreneurial readiness and applying entrepreneurship theories. The study is region-specific, limited to Southern Punjab, and reveals potential variations in findings across diverse contexts. Emphasizing Open Innovation, Sustainable HRM, Entrepreneurial Readiness, and WES, the research suggests future exploration of variables such as education, training, unemployment, poverty, and gender discrimination. Notably, this study pioneers the examination of the interplay between Sustainable HRM and women entrepreneurial success in the Pakistani fashion industry, introducing a novel perspective beyond the traditional focus on entrepreneurial readiness and entrepreneurship.

Bringing the knowledge spillover theory of entrepreneurship to circular economies: Knowledge and values in entrepreneurial ecosystems

Transitioning from a linear economy to a circular economy (CE) supports the realisation of societal values towards more sustainable development. This article identifies mechanisms by which circularity can be embedded in entrepreneurial ecosystems (EEs) through the flow of relevant knowledge and values. It presents a dynamic model that illustrates how reverse knowledge spillovers from entrepreneurs can complement traditional technological knowledge spillovers from incumbents, ultimately advocating for CE values and validating circular knowledge. The validated circular knowledge, in turn, alters the knowledge filter of incumbents, leading to shifts in their research and development (R&D) focus and their willingness to embrace new knowledge. This symbiotic relationship of knowledge spillovers between circular start-ups and incumbents can significantly enhance the motivation of participants in EEs to adopt CE values and leverage circular knowledge. Overall, the article shows how knowledge spillovers can facilitate a wider adoption of circular knowledge and CE values within EEs.

Social and economic system of regional entrepreneurship as the object of strategizing

To realize the potential of regional entrepreneurship as a system of small and medium-sized enterprises (SMEs) of the region it is essential to develop a successful winning strategy oriented towards rapid exploitation of new opportunities. To this end, it is necessary to clarify the essence, boundaries, structure, and functions of the object of strategizing. The research is based on the general theory of strategy and methodology of strategizing, the theories of entrepreneurship, the systematic approach. The authors study approaches and theories that explain the essence, the functions and the structure of the system of regional entrepreneurship by applying systematization and content analysis methods. While analyzing the theories of entrepreneurship four components of the strategic mission of SMEs have been defined as follows: providing guarantees to partners, movement and productive use of factors of production, implementation of innovation, creation of gazelle companies (with the average annual increase in revenue or employment of more than 20% over 3 years). The study has shown that they are not fully implemented, and so the situation requires developing a new strategy or improving the old one. And the strategy of development of entrepreneurship in the region should contribute to the implementation of higher-level strategies (regional and sectoral). Moreover, the strategy should define the basic policies for strategizing the components of regional entrepreneurship – individual enterprises, clusters, different types of activities. The study offers a structural and logical scheme of relationship of the strategy of development of regional entrepreneurship (on the example of Kemerovo region – Kuzbass) with other strategic planning documents. Also, the authors justify the expediency of differentiation of strategic priorities of traditional and innovative entrepreneurship in the region. The analysis of theoretical foundations of exploring entrepreneurship as the object of strategizing has made it possible to clarify the basic components of its mission and justify the place of the corresponding strategy in the general system of strategic planning documents. Clarification of the boundaries and the content of the system under study ensures moving on to the strategic OTSW-analysis. The findings of the study can be used in justification of strategic decisions of entrepreneurs and regional authorities.

A bibliometric and visualization analysis of Artisan entrepreneurship

ABSTRACT Artisan entrepreneurship is an important way to develop economic prosperity in cultural industry, but there is a lack of systematic and quantitative review guidance. With 818 SSCI documents from the Web of Science database from 1992 to 2022, this paper uses bibliometric and visualization analysis methods to review and sort out the research in the field of artisan entrepreneurship, reveal the knowledge base and research hotspots, and put forward suggestions and outlook. The study finds that the knowledge bases of artisan entrepreneurship research include cultural entrepreneurship theory, resources-based theory, social network theory, family entrepreneurship theory and micro-theory of tourism industry development. The research hotspots focus on six themes: artisan entrepreneurs, entrepreneurial drivers, factors influencing the entrepreneurial process of artisans, economic value, cultural values, and social values. Finally, the existing theoretical framework of artisan entrepreneurship is integrated and future research directions and perspectives are proposed from six perspectives.

An effectuation approach to sustainable entrepreneurship

Purpose This paper aims to explain the occurrence of sustainable entrepreneurship in the underresearched sub-Saharan Africa context and to improve the understanding of how effectuation manifests in this context. Design/methodology/approach This study uses a qualitative research approach based on multiple case studies. Responses were sourced from owners, employees, suppliers, the community and customers of sustainable entrepreneurial firms. Data collection methods included in-depth interviews, document reviews and observations. The Gioia analytical approach was used. Findings Overall, the authors find the concept of effectuation to be well-suited to capturing the processes through which individuals with limited means seek to engage in sustainable entrepreneurship. The authors also identify three pervasive practices that are key to understanding effectuation in the developing country context: complementation of indigenous knowledge with modern science, compassion and pluriactivity. Practical implications This study underscores the importance of co-creation, diversification of revenue sources and the role of emotional awareness and interpersonal skills in entrepreneurial endeavors. Originality/value This study, therefore, contributes new knowledge about the mechanisms through which entrepreneurs faced with resource constraints use control as opposed to prediction strategies to exploit sustainable entrepreneurship opportunities. In so doing, this study contributes to entrepreneurship theory by proposing the integration of cognitive and affective dimensions in realizing sustainable entrepreneurship goals.

Opportunity-as-hologram: Real or artificial in entrepreneurship

Entrepreneurship must necessarily involve actions under uncertainties. How is opportunity discovered and perceived that will eventually trigger and stimulate entrepreneurial action? An ongoing conversation in entrepreneurship concerns the clumsiness in the definition of opportunity – whether discovered or created, objective or subjective. Can opportunity exist independently, as a pre-existing object, even without being observed by any actors? Or is opportunity subjectively and socially constructed? Are they real or artificial? This paper articulates opportunity as a holographic representation that provides cues and signals to alert entrepreneurs to act. We attempt to explain how opportunity-as-hologram inspires and motivates entrepreneurial action. The proposed opportunity-as-hologram construct (or holographic opportunity) is representationally valuable as it embraces the various definitional variations and clarifies the opportunity concepts underpinning entrepreneurship. Central to this paper are the re-casted perspectives on opportunities by addressing the major conceptual issues at the core of entrepreneurship theories. The three views – discovery, creation, and actualisation of opportunities – can be valid and mutually non-exclusive in holographic terms. This paper explores implicate and explicate orders and quantum theory concepts theorised by physicist David Bohm. This conceptual construct of holographic opportunity contributes to the ongoing dialogues on the opportunity, improves the conceptual clarity of opportunity, and opens new research and practice possibilities.

Logics and Enablers of Transformative Innovation Policies: The case of the Colombian Appropriation of Science and Technology Policy

In this work, we seek to answer the question, what are the main logics and enablers underlying the implementation of TIP policies in countries of the Global South? We address this question using the Path-transformative heuristic (Pinzón-Camargo et al., 2020; Pinzón-Camargo, 2022). This heuristic combines two approaches, path dependency and institutional entrepreneurship theories, to explain the processes, decisions, and actions carried by actors in building an alternative path and how they face internal and external pressures that could support or damage their processes. Using an illustrative case based on the Colombian Social Appropriation of Science, Technology and Innovation policy, we examine in-depth interviews and secondary data on the underlying logics and enablers of innovation policies with transformative potential. This work allows us to identify six underlying logics in three of the four phases of the Path-transformative heuristic and six enablers extended through all the transformative pathway. Those elements bring a starting point to unfold and better understand TIP in the Global South.