Fan‐qi Zeng, Xiang‐zhi Bu and Li Su
The purpose of this paper is to find the characteristic of entrepreneurial process for the student in free enterprise (SIFE) team in China, and to provide theoretical guidance for…
Abstract
Purpose
The purpose of this paper is to find the characteristic of entrepreneurial process for the student in free enterprise (SIFE) team in China, and to provide theoretical guidance for the entrepreneurial process of SIFE student team through a new Timmons model.
Design/methodology/approach
Taking an entrepreneurial project of Shantou University SIFE team as example, a Timmons model was proposed describing the SIFE student team entrepreneurial process based on the famous entrepreneurial process model established by Jeffry A. Timmons. The application value of the new Timmons model was proved by case analysis.
Findings
The paper summarized the main characteristics of the entrepreneurial model for the SIFE student team as: the nature of creation free enterprises, the excellent entrepreneurship networks, and the spirit of social entrepreneurship orientation. By case study, the paper proved the practical value of the new Timmons model by analysis of the key factors such as business opportunities, resources and entrepreneurial team, and their dynamic balance process.
Practical implications
The new model proposed in the paper will have theoretical value to provide a direction for student entrepreneurial practice, the analysis of the characteristics of the new model will also enrich the research on entrepreneurship theory.
Originality/value
This paper is the first research on SIFE student entrepreneurial process in China. In the past two years, the authors observed dozens of successful worldwide SIFE students' practical projects, but few of them appeared in the literature. It is hoped that this paper can offer some constructive advice to the entrepreneurial process of the SIFE student team and enrich the theory of general entrepreneurial education.
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Sarhan Abdennadher and Sami Boudabbous
Based on the different stages of the business creation process and using qualitative methods, this study's aim is to understand the functioning of the process of accompaniment…
Abstract
Purpose
Based on the different stages of the business creation process and using qualitative methods, this study's aim is to understand the functioning of the process of accompaniment entrepreneurs in the Tunisian context.
Design/methodology/approach
The authors' exploratory research is qualitative. The data were collected through semi-structured interviews with a manager of an entrepreneurial accompaniment structure and 11 entrepreneurs. The entrepreneurs were subjected to a manual content analysis.
Findings
The results of the authors' research show the importance of the different mechanisms and structures put in place in the Tunisian context to promote private initiative. Tunisia is a diverse and very rich environment for the entrepreneurial process. The results of the authors' research confirm the processual nature of entrepreneurial accompaniment, which is presented as a continuum of five stages: the promoting of the entrepreneurial spirit, the exploration of the entrepreneurial profile, the study of the project and preparation of the business plan, the financing of the creation of a company and the creation of the company.
Originality/value
The authors' study contributes to a better understanding of the close relationship between the entrepreneurial process and accompaniment in order to confirm the procedural nature of the latter. Then, this study highlights the involvement of the context in entrepreneurial accompaniment and the role of this accompaniment in the success of the entrepreneurial project. In addition, the authors' survey confirms the interest of entrepreneurial accompaniment from the stage of promoting the entrepreneurial spirit until the effective creation of the company. Taking into account the specificities of each stage of the creation process, the study shows the interest of a procedural approach to entrepreneurial accompaniment in order to put in place the necessary and above all adequate measures to help the entrepreneur at each stage of the entrepreneurial process and, subsequently, maximize the chances of success of the entrepreneur's business.
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Haya Al-Dajani, Nupur Pavan Bang, Rodrigo Basco, Andrea Calabrò, Jeremy Chi Yeung Cheng, Eric Clinton, Joshua J. Daspit, Alfredo De Massis, Allan Discua Cruz, Lucia Garcia-Lorenzo, William B. Gartner, Olivier Germain, Silvia Gherardi, Jenny Helin, Miguel Imas, Sarah Jack, Maura McAdam, Miruna Radu-Lefebvre, Paola Rovelli, Malin Tillmar, Mariateresa Torchia, Karen Verduijn and Friederike Welter
This conceptual, multi-voiced paper aims to collectively explore and theorize family entrepreneuring, which is a research stream dedicated to investigating the emergence and…
Abstract
Purpose
This conceptual, multi-voiced paper aims to collectively explore and theorize family entrepreneuring, which is a research stream dedicated to investigating the emergence and becoming of entrepreneurial phenomena in business families and family firms.
Design/methodology/approach
Because of the novelty of this research stream, the authors asked 20 scholars in entrepreneurship and family business to reflect on topics, methods and issues that should be addressed to move this field forward.
Findings
Authors highlight key challenges and point to new research directions for understanding family entrepreneuring in relation to issues such as agency, processualism and context.
Originality/value
This study offers a compilation of multiple perspectives and leverage recent developments in the fields of entrepreneurship and family business to advance research on family entrepreneuring.
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Suna Sørensen, Astrid Heidemann Lassen and Robert Hinson
In this paper we rethink the conventional ways of explaining the change process of new company formation. We base our analysis on two well established and dominating categories of…
Abstract
In this paper we rethink the conventional ways of explaining the change process of new company formation. We base our analysis on two well established and dominating categories of entrepreneurship models, stages inspired models and interactive contingency models, and we argue that these do not sufficiently conspire to capture the entrepreneurial start‐up process as an everyday phenomenon of multi‐dimensional individual, social, and environmental interaction. In an effort to address this hypothesized theoretical gap, we apply ideas origination from Symbolic Interactionism to suggest a complementary conceptual model for comprehending the entrepreneurial process as an interactive construct. From here the idea of entrepreneurship as an ongoing “Social Journey of Opportunity Construction” arises. We argue that this idea has a potential impact on the practice of research, since it encourages scholars to step out of predictable zones of positivist research and enter a riskier research zone in which it is everyday interaction that makes the entrepreneurial process emerge.
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Yufeng SU, Nengquan WU and Xiang Zhou
Entrepreneurial process strongly relies on context. The previous entrepreneurship research in developed countries over-emphasizes on its economic impact, but ignores its social…
Abstract
Purpose
Entrepreneurial process strongly relies on context. The previous entrepreneurship research in developed countries over-emphasizes on its economic impact, but ignores its social impact, which leads to the slow development of entrepreneurship theories. Transitioning China provides entrepreneurs with a typical environment where opportunities and constraints coexist, which is a new research area in the field of entrepreneurship study.
Design/methodology/approach
Based on the grounded theory approach, this paper generalizes a local entrepreneurial process model from a multiple case study.
Findings
The paper states that the interaction among entrepreneurs, opportunities and institutional context is the core of the process. To be specific, entrepreneurial process includes an inner and an outer mechanism. The inner mechanism is based on the relations among institutional constraints, entrepreneurs and opportunities: nascent entrepreneurs, forced by institutional constraints to start a business, undergo a psychological process with entrepreneurial angst, reflective learning and effectuation and finally create business opportunities. The outer mechanism is grounded in the relations among new ventures, institutional evolution and opportunity development: new ventures facilitate institutional evolution through institutional entrepreneurship strategies, which in turn supports the ventures in the sustainable development of opportunities.
Originality/value
This study illuminates the social and institutional impact of entrepreneurial behavior, which is gradually fading and forgotten in modern society. The findings of the study enrich the research on entrepreneurial process, entrepreneurial cognition and institutional entrepreneurship and also provide implications for entrepreneurs.
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Jeff Vanevenhoven, Doan Winkel, Debra Malewicki, William L. Dougan and James Bronson
We offer a theoretical account of how two types of bricolage influence the entrepreneurial process. The first type involves social relationships or physical or functional assets…
Abstract
We offer a theoretical account of how two types of bricolage influence the entrepreneurial process. The first type involves social relationships or physical or functional assets, and thus pertains to an entrepreneurʼs external resources used in the instantiation of operations of a new venture. The second type pertains to an entrepreneurʼs internal resources‐experiences, credentials, knowledge, and certifications‐which the entrepreneur appropriates, assembles, modifies and deploys in the presentation of a narrative about the entrepreneurial process. We argue that both types of bricolage are essential to the success of a venturing attempt.
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Sophie Jalbert, Matthias Pepin and Jonathan Bolduc
This paper introduces executive functions (EFs)–i.e. high-level cognitive processes that are elicited in novel and non-routinised situations–into discussions within…
Abstract
Purpose
This paper introduces executive functions (EFs)–i.e. high-level cognitive processes that are elicited in novel and non-routinised situations–into discussions within entrepreneurship education (EE). By reviewing the existing literature, it highlights how EFs are important for the entrepreneur, their role in the entrepreneurial process and implications for improving EE.
Design/methodology/approach
We conduct a literature review bridging cognitive psychology, EE and entrepreneurship fields to clarify the role of EFs in the entrepreneurial process. To do so, we define EFs and then propose a model of the entrepreneurial process to frame our review and identify knowledge and gaps in current research.
Findings
This review shows why EFs are valuable for EE and calls for more focus on them to better prepare students for entrepreneurship and general life challenges. The findings underscore the importance of EFs in understanding key aspects of the entrepreneurial process. Although EFs are studied in the entrepreneurship and EE fields, they are rarely conceptualised from a cognitive psychology perspective, with research often focusing on isolated EF components instead of examining them as a whole.
Originality/value
This review is the first to highlight the role of EFs in the entrepreneurial process in a structured way. Integrating cognitive psychology insights on EFs can enrich EE for both venture creation and value creation approaches while also supporting the development of more effective programs. This focus on EFs also provides a fresh perspective and a valuable lens for understanding complex phenomena such as cognition, learning and the factors behind success and failure in entrepreneurship.
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Matthew S. Wood, David W. Williams and Denis A. Grégoire
Studies of entrepreneurial action often distinguish between different phases such as opportunity identification, evaluation, and exploitation. Yet, the richness of past…
Abstract
Studies of entrepreneurial action often distinguish between different phases such as opportunity identification, evaluation, and exploitation. Yet, the richness of past contributions masks the absence of an integral framework to organize, in a theoretically consistent ensemble, the different kinds of cognitive processes that underpin entrepreneurial action. In this chapter, we draw from research on human action and cognition to offer an integrative model of the cognitive processes that foster entrepreneurial action. By presenting a more specific articulation of when, how, and why different cognitive processes operate, we provide theorists and empiricists with a more complete picture of how entrepreneurs’ thinking evolves from the emergence of an opportunity idea to the initiation of concrete entrepreneurial acts. In addition, our framework draws attention to cognitive inflection points that entrepreneurs must navigate in their journey toward entrepreneurship. By explicitly locating these inflection points and specifying the changes in mental processing that occurs at each point, we highlight that for entrepreneurial action to ensue, entrepreneurs must shift from one type of cognitive processing to another. Along this line, our model draws attention to the entire set of cognitive “skills” entrepreneurs must master for successful completion of each phase and successful transitions between phases.
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This chapter deals with the process perspective of entrepreneurship, that is, what prospective entrepreneurs should do and how they do it (the processes they use) to launch a new…
Abstract
Purpose
This chapter deals with the process perspective of entrepreneurship, that is, what prospective entrepreneurs should do and how they do it (the processes they use) to launch a new venture in the tourism field. The main purpose of this chapter is to explain what the entrepreneurial process is, the steps/phases to transit from idea to enterprise and the risks involved.
Methodology/approach
General review was conducted on conceptual issues and managerial aspects of the entrepreneurial process and legal issues.
Findings
This chapter highlights that the entrepreneurial process undergone by entrepreneurs is dual in nature, both in terms of action and thinking process. Given that the failure rate of new ventures is high, there is a need to focus on the importance of understanding the dynamics of entrepreneurship, the action process of the prospective entrepreneur and the potential risk impact.
Research limitations/implications
This chapter is explorative in nature because the discussion is based on a general review.
Practical implications
Prospective entrepreneurs should follow specific steps, a rational process to establish their business venture and to protect its operations against any event. Thus, any new business should manage risks appropriately, as well as record insurance to cover for unforeseen events.
Originality/value
This chapter provides an overview of the entrepreneurial process and legal risk issues that may affect the success of a new venture. The hands-on approach is particularly useful in dealing with the entrepreneurial mind when exploring new business ventures in the tourism field.
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Richard Tunstall, Lenita Nieminen, Lin Jing and Rasmus Hjorth
Educators are increasingly required to develop creativity and entrepreneurial capabilities amongst students, yet within the fields of entrepreneurship and innovation these are…
Abstract
Purpose
Educators are increasingly required to develop creativity and entrepreneurial capabilities amongst students, yet within the fields of entrepreneurship and innovation these are presented as separate processes. We explore the theoretical and conceptual similarities and differences between these processes, and relate this to a range of experiential and digitally enhanced learning activities in formal education settings.
Methodology/approach
We present a conceptual model of the iterative nature of creativity and entrepreneurship as separate cognitive and social processes leading to aesthetic or sense-making outcomes. This leads to a discussion of how these processes may be experienced by students within an educational setting.
Findings
We propose a framework of learning activities which support the development of creativity through teaching entrepreneurially, at primary, secondary, and tertiary education levels. A range of different approaches is critically evaluated according to their relevance, including business planning, simulations, roleplay, co-creation, and flashmobs. Flashmobs are proposed to be most suitable and an outline learning activity design is mapped in detail against creative and entrepreneurial processes.
Research and Practical implications
This chapter supports educational practice and research on learning through entrepreneurship in allowing educators and researchers to evaluate how learning activities may directly contribute to students’ learning through experience and the development of their creative and entrepreneurial mind-set.
Originality/value
This chapter is of value to educators as it explains how creative and entrepreneurial processes may be experienced by students through different forms of learning activity. It is of further value to research on entrepreneurial learning in considering how the creative process may inform entrepreneurial action.