Entrepreneurship in young adults: Initial findings from the young entrepreneurs study

The scientific study of youth entrepreneurship is truly in its infancy, with research on the development of entrepreneurship constrained by theoretical foundations that rely on static, trait-like approaches that equate entrepreneurship with stable personality characteristics. In this article, we define entrepreneurship as a fluid process that relies on the bidirectional interplay between a developing individual and his or her context. We report initial findings from the Young Entrepreneurs Study that clarify how entrepreneurial intentions and actions manifest in youth. We present quantitative analyses that examined the relations between entrepreneurial strengths and entrepreneurial activities in a sample of 3461 college students, and we describe the results of semi-structured interviews from a 48-person subset of our larger sample that explored how entrepreneurial intentions and actions manifested in our sample. We describe a mixed-method triangulation that integrates these two sets of findings, then discuss implications for future research.     

A Comprehensive Model of Entrepreneur Role Stress Antecedents and Consequences

Purpose  The aim of this study was to systematize findings in role stress research into original and conceptually important abstract higher-order constructs and to develop and test a comprehensive structural equation model that examined such expanded conceptualizations of antecedents and consequences to entrepreneur role stress. Design/Methodology/Approach  Model tests were performed on data from a sample of 282 Swedish entrepreneurs (a usable rate of 22.5%) engaged in their first-year of venture activities. We used structural equation modeling, mediation tests and tests for common method bias to test the appropriateness of the model. Findings  We found that role stress can be explained by expansions of lower-ranked, less abstract constructs embedded in a multiple-indicator model of venture technology, venture environment, and entrepreneur personality. The analysis confirmed that role stress is an important mediator and that it has pronounced relationships to expanded conceptualizations of role-related rewards and exhaustion. Implications  This study advance role stress theory and existing knowledge about entrepreneurs and entrepreneurship when it introduces role stress and suggests it mediates the effects from personality traits, organizational and environmental characteristics, on higher-order conceptualizations of rewards and exhaustion. Originality/Value  With contributions from several distinct disciplines over a half decade, prior research has not paid much attention to show how role stress research can benefit from more abstract conceptualizations and empirical evaluation. By synthesizing and developing expanded higher-level conceptualizations that link diversities, we show that expanded conceptualizations effectively enable to introduce role stress to entrepreneurs and entrepreneurship.     

Entrepreneurship as a legitimate field of knowledge

Entrepreneurship as a research topic has been approached from disciplines such as economics, sociology or psychology. After justifying its study, we define the domain of the field, highlighting what has currently become its dominant paradigm, the process of the discovery, assessment and exploitation of opportunities. We then describe the main perspectives and offer an integrated conceptual framework that will allow us to legitimize the study of entrepreneurship as a field of knowledge in its own right. We believe that this framework will help researchers to better recognize the relations among the many factors forming part of the study of entrepreneurship. Lastly, we conclude with some brief reflections on the potential value of the framework presented.     

The Mitigating Role of Trait Core Confidence on Psychological Distress in Entrepreneurship

We conceptualize the mitigating role of trait core confidence on psychological distress in entrepreneurship manifested by occupational stress, anxiety, and depression. To facilitate field research, we first developed a short trait core confidence scale and validated it in six independent samples (N = 2,434). To test our hypothesis that trait core confidence negatively relates to base-line levels of psychological distress as well as reduces fluctuations of distress in entrepreneurship, we collected data from a 3-day entrepreneurial event called Startup Weekend across seven occasions in the United States. High trait core confidence was related to lower psychological distress both at the start of the event on Friday and at the end of it on Sunday. Core confidence remained stable from Friday to Sunday, as well as 1 month following the event, affirming its trait properties. Additionally, we measured team confidence during the event and found that high team confidence reduced psychological distress of team members. This research contributes to the research on the role of dispositions in occupational health psychology and to a better understanding of how distress of aspiring entrepreneurs is mitigated by trait core confidence.     

Business owner-managers' descriptions of entrepreneurship: A content analysis

Abstract

Entrepreneurship is one of the most researched topics in business research. Findings have been mixed regarding the traits of entrepreneurs, and interest has grown in examining the behavioral aspects and business operations elements necessary for effective entrepreneurship, branching out from the focus on personality traits that has dominated the literature. We explored the area of entrepreneurship with the goal of developing a useful framework for viewing this domain. Content analysis was used to build the framework from business owner-managers' observations of entrepreneurial effectiveness. The construct categories and the overall dimensions and their relationships to entrepreneurship are reported. The result is the beginning of a process to describe an entrepreneurship system. Suggestions for future research and the continuation of entrepreneurship model development are offered.     

What Makes Muslim Women Entrepreneurs Successful? A Field Study Examining Religiosity and Social Capital in Tunisia

The present study sheds light upon critical factors that help explain the entrepreneurial success among Muslim women living in a democratic Tunisia, a Muslim-majority country considered by many to be the lone Arab Spring success story. We hypothesized that successful entrepreneurs need social capital, including the capital that comes from marriage and high levels of wasta (the Arabic concept of having personal connections with influential others). Moreover, given the lack of empirical attention paid to the role of the culture, language, and customs associated with Islam on women’s empowerment, we examine whether religiosity is related to entrepreneurial performance among Tunisian women. Data collected with 84 female entrepreneurs participating in entrepreneurship training programs across Tunisia reveal that two forms of social capital, marital status and wasta, are related to training center directors’ ratings of women entrepreneurs’ performance, suggesting that social capital is a critical asset for Muslim women entrepreneurs. Religiosity, on the other hand, had no statistically significant relationship with entrepreneurial performance. Our study contributes to research on entrepreneurship by identifying wasta as a form of social capital that may be necessary for women entrepreneurs to succeed in the Middle East and North Africa and by taking an initial step towards better understanding the empirical (and controversial) relationship between religiosity and career success among Muslim women. We recommend that training organizations supporting entrepreneurs directly assist women in the development of social capital and acknowledge, rather than ignore, that nepotism and wasta are linked to entrepreneurial success in some cultures.     

Contemplating an Evolutionary Approach to Entrepreneurship

This artical explores that application of evolutionary approaches to the study of entrepreneurship. It is argued an evolutionary theory of entrepreneurship must give as much concern to the foundations of evolutionary thought as it does the nature of entrepreneurship. The central point being that we must move beyond a debate or preference of the natural selection and adaptationist viewpoints. Only then can the interrelationships between individuals, firms, populations and the environments within which they interact be better appreciated.     

EQ-nomics: Understanding the relationship between individual differences in Trait Emotional Intelligence and entrepreneurship

Past studies highlight the importance of Trait Emotional Intelligence (EI) in the prediction of career success. Given the evidence that trait EI predicts job performance and job satisfaction, it is reasonable to expect this construct to also predict other forms of career success. In this study, we examine whether EI predicts entrepreneurship; that is, whether higher trait EI is linked to entrepreneurial behaviours and entrepreneurial success, and whether any effects of trait EI on entrepreneurship are independent of the personality trait of Core Self-Evaluations, demographic variables, and individual differences in entrepreneurial personality. Results show that trait EI predicts only some entrepreneurial outcomes beyond other variables examined, and with small effect sizes. This suggests that individual differences in entrepreneurship result only in part from inter-personal differences in trait EI. Implications for research and practice are discussed.     

EQ-nomics: Understanding the relationship between individual differences in Trait Emotional Intelligence and entrepreneurship

Past studies highlight the importance of Trait Emotional Intelligence (EI) in the prediction of career success. Given the evidence that trait EI predicts job performance and job satisfaction, it is reasonable to expect this construct to also predict other forms of career success. In this study, we examine whether EI predicts entrepreneurship; that is, whether higher trait EI is linked to entrepreneurial behaviours and entrepreneurial success, and whether any effects of trait EI on entrepreneurship are independent of the personality trait of Core Self-Evaluations, demographic variables, and individual differences in entrepreneurial personality. Results show that trait EI predicts only some entrepreneurial outcomes beyond other variables examined, and with small effect sizes. This suggests that individual differences in entrepreneurship result only in part from inter-personal differences in trait EI. Implications for research and practice are discussed.     

Entrepreneurship education: relationship between education and entrepreneurial activity

The importance of entrepreneurial activity for the economic growth of countries is now well established. The relevant literature suggests important links between education, venture creation and entrepreneurial performance, as well as between entrepreneurial education and entrepreneurial activity. The primary purpose of this paper is to provide some insights about entrepreneurship education. The meaning of entrepreneurship education is explained, and the significant increase of these educational programmes is highlighted. Literature has been suggesting that the most suitable indicator to evaluate the results of entrepreneurship education is the rate of new business creation. However, some studies indicate that the results of such programmes are not immediate. Therefore, many researchers try to understand the precursors of venture creation, concluding that is necessary to carry out longitudinal studies. Based on an overview of the research published about the existing linkage of entrepreneurship education and entrepreneurial activity, the main topics studied by different academics are addressed. For the authors, the positive impact of entrepreneurship education puts a double challenge on governments in the future: the increased need of financial funds to support entrepreneurship education and the choice of the correct educational programme.     

Entrepreneurship research in Spain: developments and distinctiveness

This article presents a review of research on entrepreneurship in Spain, paying particular attention to its beginnings, nature and main focus of interest. We have developed a database based on the review of 471 works produced between 1977 and 2009, including articles published in national and international journals and dissertations (read in Spain) that allowed us to extract the following results. There is a preference for qualitative methods, conceptual contributions and the entrepreneurial process as the privileged research theme. There is also a strong focus of interest on micro and small enterprises. These characteristics of Spanish research in areas of entrepreneurship can make a distinctive contribution to international research. However, the dissemination of knowledge and inadequate strategies for international publication limit the diffusion of Spanish research in entrepreneurship. Lastly, we discuss the implications for future research.     

Contextualising Risk and Building Resilience: Returnees Versus Local Entrepreneurs in China

Risk is a pivotal concept in entrepreneurship research, as entrepreneurs constantly face uncertainty, ambiguity, setbacks, and stressful situations. Attitudes toward risk vary contingent upon individual risk preferences and cultural influences. Building resilience is critical for entrepreneurs to overcome obstacles, deal with risk, and grow their ventures. By juxtaposing effectuation theory and resilience literature, we compare the perceptions of risk held by Chinese returnees and local entrepreneurs and their coping strategies in building resilience. Our research reveals two types of coping approaches, namely effectual coping and causal coping. This study contributes to the comparative international entrepreneurship literature by contextualising the notion of risk held by entrepreneurs influenced by Eastern and Western cultures. Our study further contributes to the nascent literature on resilience in organisations by specifying the entrepreneurial occupational context and exploring the influence of cultures on resilience, and by identifying distinctive resilience-building coping strategies based upon cultural influences and interpretations of risk. Furthermore, we suggest that resilience can constitute one micro-foundation of effectuation theory in the context of entrepreneurship dealing with risk.     

连续创业情境下自恋人格与关键创业行为变化机理

优化行为是提升创业质量的关键。创业行为的显著特征是与环境的动态匹配, 因此研究需从关注行为本身转向追踪行为动态变化。基于行为受人格、认知和环境共同影响的理论判断, 重点考察创业者自恋人格对行为变化及其效果的影响机制, 构建以“自恋-行为变化-绩效”为主线的理论模型。融合创业理论与人格心理学中相关知识, 以解构关键创业行为变化的要素为切入点, 考察自恋人格如何与经验交互影响行为变化, 探索在不同认知状态和环境背景下, 行为变化的效果差异, 建构行为变化优化模型。旨在深化和丰富创业行为和创业心理研究, 指导创业教育实践, 对创业者提升决策能力有重要意义。     

创业精神的影响因素及其绩效评价

创业精神分为个体创业精神和企业创业精神。个性特质、认知模式、教育培训和创业经验影响个体创业精神,企业战略、组织结构、企业环境和组织支持影响企业创业精神。该文最后讨论了创业精神的绩效评价问题,指出准确的绩效测量是创业研究的关键。     

失败恐惧的形成及对创业行为的影响

创业活动的高风险性和不确定性导致创业者时常体验失败恐惧。对于创业者而言, 失败恐惧亦敌亦友。已有研究较多关注失败恐惧对创业行为的抑制作用, 忽略了失败恐惧的形成及其对创业行为的激励作用。本研究基于情绪和认知属性分析创业情境下失败恐惧, 认为损失相关和暴露能力不足的创业事件可能诱发失败恐惧, 创业者的执念激情和预防定向能够诱发失败恐惧; 然后, 阐述失败恐惧对创业行为的3种不同影响：激励、抑制和压抑, 并考察创业环境特征对失败恐惧与创业行为的调节效用。本研究拓展了失败恐惧的应用范围和适用情境, 丰富心理学的情绪认知评价理论、情感事件理论和经典压力理论, 也为理解复杂多样的创业行为提供新视角, 深化创业心理与创业行为关系的理论认知。     

Proactivity,adaptability and boundaryless career attitudes: The mediating role of entrepreneurial alertness

We examined the role of entrepreneurialism in careers in the information society and global economy, bringing together key constructs in the fields of career studies and entrepreneurship. Specifically, our study involving a diverse group of 750 undergraduate students from Singapore showed that entrepreneurial alertness to opportunities partially mediates the relation of proactive personality to boundaryless career mindset and career adaptability, but not to self-directed or protean career attitudes. Findings are discussed in relation to the contribution of entrepreneurialism to careers research and the larger issues of workforce development.     

Tomorrow Is Another Day: How Motives of Entrepreneurship Relate to the Pursuit of Business Growth

Past research has suggested that small business growth plays an important role in economic growth. This paper presents three studies that examined the psychological process underlying the relationship between motives of entrepreneurship and business growth pursuit by focusing on the role of time perspective. The results from three studies (Study 1, N = 142, and Study 2, N = 181, mostly Western small-business owners; Study 3,N = 254, Indonesian small-business owners) demonstrated that opportunity-based entrepreneurship was positively associated with business growth pursuit through increased future time perspective (Studies 1 to 3), whereas necessity-based entrepreneurship was negatively associated with business growth pursuit through increased present time perspective and decreased future time perspective (Study 3). These findings help explain why some business owners avoid business growth by highlighting the vital role of time perspective in explaining why and how motives of entrepreneurship relate to the pursuit of business growth across social and cultural contexts.     

An Empirical Comparison of Entrepreneurs and Employees: Implications for Innovation

Much has been written regarding the organizational changes needed to achieve entrepreneurship in established companies. Many corporate strategists conclude that above all others, a firm's "rank and file" have the intimate knowledge of business operations necessary to discover innovations within a corporation. However, little attention has been devoted to discovering a measure to identify the employees within a corporation who possess entrepreneurial characteristics and are thus likely to produce innovations. This exploratory study used external entrepreneurs as proxies for corporate internal entrepreneurs. The purpose of this study was to examine the effectiveness of two measures: Kirton's Adaption-Innovation Inventory (Kirton, 1976) and an adapted version of Roner' s Locus of Control Scale (Rotter, 1966) in distinguishing entrepreneurs from a population of employees. Participants (54 entrepreneurs and 79 employees) completed the 2 measures. Results indicated some significant differences between entrepreneurs and employees. Implications of the findings for research and practice are discussed.     

A study of factors that influence unemployed persons

The following research analyzes, through a field study, several relevant personality traits, or variables, that may be used to help the unemployed by directing them to entrepreneurship. Three sample groups (unemployed, employed, and entrepreneurs) were compared using several intrinsically motivating variables: knowledge, inclination to entrepreneurship, self‐efficacy, achievement needs, and propensity to act. The results showed that these variables are related and can be used as a medium of intervention to achieve the desired ends.