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This paper aims to explore the question of confidence in entrepreneurship, and the impact confidence has on key tasks in the venture development process.

Propositions about the relationship between key elements of confidence (optimism and overconfidence) are made in order to unpack the confidence construct. Simple tests of these propositions are conducted using a small sample of Australian entrepreneurs. Further propositions are made about the impact of optimism and overconfidence on activity across different phases of the new venture development process.

Two elements of confidence, optimism and overconfidence, are distinct in their association with each other and with a third individual difference (regulatory focus). The dual and sometimes opposing impacts of optimism and overconfidence on new venture activity are explored. Optimism and overconfidence are both beneficial when deciding to become an entrepreneur, but overconfidence is harmful when making decisions in response to setbacks.

Conclusions are limited by the sample size and simple analytical techniques. Rather, the impact of the paper is in the implications of the independence of optimism and overconfidence. Future research can explore and test the propositions made about when each is harmful and when beneficial.

For entrepreneurs, it is important to be aware of your optimism and overconfidence in different situations. When optimism is beneficial, use it, but when overconfidence is harmful, mitigate against it by asking the right questions and working with others to check assumptions and strategies.

This paper distinguishes between two individual differences, optimism and overconfidence, that are typically thought to be interdependent and beneficial for entrepreneurs.

The central question of this paper is, “What determines an entrepreneur's effort on different tasks?” The paper aims to address this question.

Propositions about the impact cognitive processes have on entrepreneurial effort across different tasks are developed. These propositions draw on self‐regulatory theory, in particular our understanding of regulatory focus and self‐efficacy.

It is argued that a promotion orientation motivates effort on explorative tasks, and a prevention orientation motivates effort on exploitative tasks. Further, it is proposed that high self‐efficacy motivates effort on action tasks, but high self‐efficacy reduces effort on judgment tasks.

One implication of these propositions for entrepreneurs is to understand self‐regulatory processes and to consciously decide how much effort to put into different tasks, rather than relying on (hidden) preferences. Another implication is for those involved in selecting and developing entrepreneurs. That implication is that entrepreneurs' self‐regulatory processes can inhibit effective effort. These processes can be managed to increase effectiveness.

By introducing task type into the discussion of self‐regulation and entrepreneurial effort, a more fine‐grained understanding of cognitive processes in actual entrepreneurial activities is developed.

Reports on a study of MBA students (N = 362) at a major international business school which looked at the predictors of performance in management education. Considers not only GMAT but also age, gender, language proficiency, marital status and work experience as predictors of performance. Questions the use of individual grades in assessing performance since much work in both business schools and the business community is done in groups. Therefore, an analysis of the performance of students in groups was also carried out. Results support the relationship between GMAT and age, and individual performance, and more importantly show a predictive ability for language proficiency and marital status. Significantly, no predictors of group performance were found. Overall, the performance of groups was better than the performance of individuals. Discusses the implications of these results.

With their focus on private companies, histories of personnel management and human resource management have neglected the much earlier development of these practices in public sector organisations. The purpose of this paper is to examine the origins and development of modern personnel management in the Australian colonial public services between 1856 and 1901 in order to set the record straight about when, why and how integrated and formal sets of personnel management practices were adopted in organisations to manage employees.

The research is based on close examination of public service legislation enacted between 1856 and 1901 in the Australian colonies, the reports of Royal Commissions and Inquiries on the public services and the evidence they gathered, and published histories on public service organisations.

This paper finds that a clear model of systematic personnel management evolved in Australia's colonial public services between 1856 and 1901. While the development and diffusion of personnel management techniques in the public sector varied considerably among the colonies in scope, nature, effectiveness and longevity, there were integrated, coherent sets of personnel policies and practices in place in several colonies several decades before their emergence in private firms.

In tracing the origins of personnel management in Australia to the colonial public services in the years following the granting of responsible government in 1856, this paper challenges the conventional understanding of personnel management as a twentieth century phenomenon of private companies.

OUR readers will, we trust, appreciate our double souvenir number issued in connection with the Library Association Conference at Glasgow. Special features are the articles on the Mitchell Library, Glasgow, 1874–1924, by a member of the staff, Mr. J. Dunlop, and one on the Burns Country, by Mr. J. M. Leighton, of Greenock Public Library. We printed the provisional programme in our July issue and as we go to press have little to add to the particulars there given, except to compliment the Library Association and the Local Reception Committee on the excellent programme arranged for the occasion, from both the professional and social point of view.

Caste is the basic structural feature of Hindu society; all social scientists are agreed on this. Since Hinduism is generally recognised to be as much a social system as a religion, its social framework embodying caste rituals has governed the lives of the majority of Indians for hundreds of years. Having deep roots in tradition and enjoying sanction in all religious literature belonging to the pre‐British era, caste has been the dominant principle of social organisation since ancient times. In fact, barring the recent past, Hinduism has always been identified in the minds of most Indians with caste observances. Writes R.C. Zaehner: “…until a century or so ago the acceptance of the caste system was considered by the orthodox to be the sole effective criterion of whether one was or was not a Hindu. In matters of belief it mattered not at all whether one believed in one god or many, or not at all, nor did it much matter on how one interpreted ‘liberation’ or whether one rejected it outright so long as one fulfilled the duties prescribed for one's caste.”

Drawing upon upper echelon, regulatory focus and attention theories and focusing on SMEs, the purpose of this paper is to answer questions on how the motivational disposition (promotion vs. prevention regulatory focus) of CEOs affects their information search patterns (i.e. search selection and intensity) and consequently organizational level engagement in different types of innovation activities (exploration vs. exploitation).

A quantitative study was conducted collecting data from the CEOs of SMEs operating in the dynamic wine and spirits industry in Greece. The data were collected in two independent time streams and the proposed theoretical model was tested by applying OLS regression analysis.

The current research provides evidence that differences in CEOs’ level of promotion and prevention focus trigger different information search selection and search intensity patterns. Nonetheless, the attention to innovation components act as mediators only in the hypothesized relationships between a CEO's level of prevention and promotion focus and exploration. Paradoxically, filtered through attention to innovation and triggered from the same motive, that is to reduce negative emotions, promotion focus CEOs choose to direct resources to exploitation and avoid investing in exploration, whilst the opposite was supported for prevention focus CEOs.

The results highlight the important role of a CEO's regulatory focus orientation in promoting diverse attention to innovation patterns and firm-level innovation tendencies towards exploration and/or exploitation.

This study's contributions extend and combine the theories of regulatory focus, UET and attention in the field of managerial/entrepreneurship behavior and innovation. Therefore, they are valuable for understanding the determinants of firm-level innovation choices (exploration vs. exploitation) in SMEs.

The cardinal point to note here is that the development (and unfortunately the likely potential) of area policy is intimately related to the actual character of British social policy. Whilst area policy has been strongly influenced by Pigou's welfare economics, by the rise of scientific management in the delivery of social services (cf Jaques 1976; Whittington and Bellamy 1979), by the accompanying development of operational analyses and by the creation of social economics (see Pigou 1938; Sandford 1977), social policy continues to be enmeshed with the flavours of Benthamite utilitatianism and Social Darwinism (see, above all, the Beveridge Report 1942; Booth 1889; Rowntree 1922, 1946; Webb 1926). Consequently, for their entire history area policies have been coloured by the principles of a national minimum for the many and giving poorer areas a hand up, rather than a hand out. The preceived need to save money (C.S.E. State Apparatus and Expenditure Group 1979; Klein 1974) and the (supposed) ennobling effects of self help have been the twin marching orders for area policy for decades. Private industry is inadvertently called upon to plug the resulting gaps in public provision. The conjunction of a reluctant state and a meandering private sector has fashioned the decaying urban areas of today. Whilst a large degree of party politics and commitment has characterised the general debate over the removal of poverty (Holman 1973; MacGregor 1981), this has for the most part bypassed the ‘marginal’ poorer areas (cf Green forthcoming). Their inhabitants are not usually numerically significant enough to sway general, party policies (cf Boulding 1967) and the problems of most notably the inner cities has been underplayed.

Felicitous writing is enormously important. However, the art of writing well is rarely addressed by marketing scholars. This paper seeks to argue that the marketing academy has much to learn from historiography, a sub‐discipline devoted to the explication of historical writing.

Although it is primarily predicated on published works, this paper is not a conventional literature review. It relies, rather, on the classic historical method of “compare and contrast”. It considers parallels between the paired disciplines yet notes where marketing and history diverge in relation to literary styles and scientific aspirations.

It is concluded that marketing writing could benefit from greater emphasis on “character” and “storytelling”. These might help humanise a mode of academic communication that is becoming increasingly abstruse and ever‐more unappealing to its readership.

If its argument is accepted by the academic community – and, more importantly, acted upon – this paper should transform the writing of marketing. Although the academic reward systems and power structures of marketing make revolutionary change unlikely, a “scholarly spring” is not inconceivable.

The paper's originality rests in the observation that originality is unnecessary. All of the literary‐cum‐stylistic issues raised in this paper have already been tackled by professional historians. Whether marketers are willing to learn from their historical brethren remains to be seen.

ALREADY the reports that reach us show in many places that a general staking out of claims is in progress. The whole of municipal and other official life and almost every town seethes with the fervour of reconstruction. Most of the rumours concern projects which are of a rather nebulous kind but, so far as local government departments are concerned, the development of council work has become so extensive that new buildings or extensions of old ones are in prospect or are proposed, almost everywhere. Unfortunately in many instances we can discern the influence of those departments which are nearest to the routine council administration and only occasionally is the laudable plan adopted of giving consideration as a whole and as a unity to all the council services. In the clamour that follows libraries have a very low priority, even where education is recognized. Librarians would do well to be vigilant this winter. Even if they contemplate no immediate extension of their work, let them consider what ten or even twenty years may bring. After the first flush of victory—which, however appears to be a little further away than it seemed a month ago—there will follow a long lean era for all but the matters which are forced upon authorities. It is well then to have a considered plan ready.