Intuition Versus Analysis? Testing Differential Models of Cognitive Style on Entrepreneurial Self-Efficacy and the New Venture Creation Process

Nascent entrepreneurship plays an important role in the study of entrepreneurship. It has been studied from different angles, especially from the psychological and sociological perspective as nascent entrepreneurs have distinctive traits and competencies. Other important foci of research are the investigation of the environment in which nascent entrepreneurs operate, as well as the way both the identification and exploitation of entrepreneurial opportunities have emerged. The main objective of this chapter is to address (1) the main individual characteristics that entrepreneurs have in common; (2) the environmental factors contributing to new venture creation; and (3) the steps in the creation process. The chapter departs from the fundamental process of nascent entrepreneurship, which is centered on opportunity recognition, evaluation, and exploitation, and is complemented by the way how contextual factors and personal characteristics and competencies influence the new venture creation process.

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FENOMENA PERNIAGAAN TEROKA BAHARU WANITA: JUSTIFIKASI LITERATUR TERHADAP PROSES PEMBINAAN TEORI KEUSAHAWANAN WANITA

International Journal of Creative Future and Heritage (TENIAT) ◽

10.47252/teniat.v9i2.742 ◽

2021 ◽

Vol 9 (2) ◽

pp. 60-77

Author(s):

NURUL AMIRA OMAR ◽

AHMAD FIRDAUSE MD FADZIL ◽

ROSFATIHAH CHE MAT

Keyword(s):

Women Entrepreneurs ◽

Positive Impact ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Women Entrepreneurship ◽

Creation Process ◽

Library Research ◽

Building Process ◽

Conceptual Study

AbstrakFenomena kemunculan perniagaan teroka baharu oleh wanita bukanlah topik baru jika disusuri dari susur galur sorotan kajian lepas. Ramai penyelidik lepas melihat pelbagai perspektif yang berbeza-beza mengikut cabang disiplin masing-masing sepertimana ekonomi, pengurusan, psikologi, sosiologi dan lain-lain lagi. Namun ironinya, perbincangan berkaitan proses pembinaan teori keusahawanan wanita dikatakan masih bersifat pramatang. Kajian konseptual ini telah menggunakan kaedah kajian perpustakaan terhadap 95 artikel terpilih bersangkutan fenomena keusahawanan wanita dalam proses penciptaan teroka baharu yang terdiri daripada beberapa jurnal utama bidang keusahawanan wanita. Hasil kajian literatur ini mendapati, penglibatan usahawan wanita melalui perniagaan teroka baharu terbukti memberi impak positif dari sudut peningkatan peluang pekerjaan serta memperkembangkan inovasi produk baru dalam sesebuah negara. Kesinambungannya, kajian ini bertujuan untuk mendalami berkenaan fenomena keusahawanan wanita terutama berkenaan proses penciptaan teroka baharu memandangkan disiplin ini masih lagi bersifat pramatang terutama dalam proses pembangunan teori. Bersandarkan kepada teori Gartner, 1985, penyelidik memberi huraian yang jelas bagi menerangkan bagaimana keusahawanan wanita yang berlaku boleh dikaitkan dengan empat perspektif berbeza iaitu individu, persekitaran, organisasi yang ditubuhkan dan juga proses keusahawanan yang berlaku. Hasil huraian ini memberi gambaran dan sudut pandang yang khusus kepada usahawan wanita untuk memfokuskan kepada sisi yang memberi impak baik kepada perkembangan perniagaan teroka baru mereka. AbstractThe discussion about emerging women’s new venture creation is not a new topic when traced back from the past literature. Previous researchers looked at various perspectives according to their respective disciplines, such as economics, management, psychology, sociology etc. Ironically, the discussion related to the women entrepreneurship theory-building process is said to be premature. This conceptual study has used the library research method on 95 selected articles concerning the phenomenon of women entrepreneurship in the new venture creation process consisting of several main women entrepreneurship journals. Based on the result from literature review, the involvement of women entrepreneurs through new venture businesses proved to have a positive impact in terms of employment opportunities and the development of new product innovations in a country. This study investigated the relevance of the women entrepreneurship phenomenon related to the new venture creation process as this discipline is still premature. Based on Gartner's theory, the researchers provide a clear description of how women’s entrepreneurs can be associated with four different perspectives: individuals, environments, organizations established, and entrepreneurial process. The results of this description can provide a specific overview and perspective for women entrepreneurs to focus on the side that has a positive impact on the development of their new venture business.

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Pengaruh Educational dan Economic Empowerment Terhadap New Venture Creation: Peran Moderasi Entrepreneurial Self-Efficacy

Jurnal Ilmu Manajemen ◽

10.26740/jim.v9n4.p1451-1460 ◽

2021 ◽

Vol 9 (4) ◽

pp. 1451-1460

Author(s):

Noormalita Primandaru

Keyword(s):

Self Efficacy ◽

Women's Empowerment ◽

Partial Least Square ◽

Least Square ◽

New Venture ◽

Women’S Empowerment ◽

Economic Empowerment ◽

Family Welfare ◽

New Venture Creation ◽

Venture Creation

The current condition of women in the Bantul Coast has low knowledge, skills, creative attitudes, and aspirations, which results in many women living in poverty. Therefore, women on the coast need to be empowered. Women's empowerment that needs to be done is empowerment in the economic field which is useful for overcoming poverty and education that is useful for developing organizational skills. This study aims to examine the effect of educational empowerment and economic empowerment on new venture creation and entrepreneurial self-efficacy as moderating variables in women on the Bantul coast. This research is expected to be able to provide additional empirical evidence to strengthen the concepts and theories regarding the factors that influence women's empowerment towards new venture creation and entrepreneurial self-efficacy and the application of these contents to the community. In terms of time dimension, this research is included in the cross-sectional research category. The sampling technique uses nonprobability sampling type purposive sampling. The sample in this study are women who are members of the Family Welfare Development (PKK) group in the coastal village of Bantul. The analytical model used is the Partial Least Square (PLS). The results of this study are the first effect of economic empowerment on new venture creation, the second is the effect of educational empowerment on new venture creation, and the third is entrepreneurial self-efficacy moderating the effect of education empowerment and economic empowerment on new venture creation.

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An Experiential Pattern-Matching Teaching Method: Unpacking the Process of Becoming

Entrepreneurship Education and Pedagogy ◽

10.1177/2515127420914658 ◽

2020 ◽

pp. 251512742091465

Author(s):

Daniil Pokidko ◽

Fouad Philippe Saade ◽

Nadav Shir

Keyword(s):

Pattern Matching ◽

Business Model ◽

Educational Process ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Matching Method ◽

Theoretical Understanding ◽

Creation Process ◽

Business Model Canvas

The new venture creation process is essentially different from the process of managing an established business. Scholars suggest that many current mainstream teaching methods and tools used in entrepreneurship education (EE) are rooted in classical economic theory and do not fully address the specific nature of new venture creation. They also point at a shortage of native EE methods and tools developed specifically for the early-stage new venture creation process. We respond to this challenge through (a) a careful scrutiny of one of the most popular EE tools—the Business Model Canvas and (b) a novel and native EE Experiential Pattern-Matching method to support and complement the Business Model Canvas (and other similar EE tools). We advance our theoretical understanding of experience-based learning in EE settings by embedding the Experiential Pattern-Matching method into a Dynamic Experiential Process Framework that assists entrepreneurship educators in developing effective curricula and improving individual- and team-based learning throughout the educational process of new venture creation.

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Relationships among social capital, self-efficacy, and new venture creations

Management Decision ◽

10.1108/md-04-2017-0304 ◽

2018 ◽

Vol 56 (1) ◽

pp. 204-218 ◽

Cited By ~ 1

Author(s):

Kannadhasan M. ◽

Parikshit Charan ◽

Pankaj Singh ◽

Sivasankaran N.

Keyword(s):

Social Capital ◽

Self Efficacy ◽

Partial Least Square ◽

Least Square ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Cross Sectional Survey ◽

Cross Sectional ◽

Content Type

Purpose The purpose of this paper is to examine the relationship of social capital with new venture creation, and whether self-efficacy plays a role in mediating the association between social capital and new venture creation. Design/methodology/approach Data were collected from 375 entrepreneurs through cross-sectional survey in India. The study used partial least square path modeling to assess the relationships among the variables. Findings Findings reveal that social capital is positively related to new venture creation. The association of social capital and new venture creation is fully mediated by entrepreneurs’ self-efficacy. Originality/value The role of social capital in the success of new venture creations through self-efficacy is useful to the potential entrepreneurs and people who facilitate new venture creation in Indian context.

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Entrepreneurial Self–Efficacy: Refining the Measure

Entrepreneurship Theory and Practice ◽

10.1111/j.1540-6520.2009.00304.x ◽

2009 ◽

Vol 33 (4) ◽

pp. 965-988 ◽

Cited By ~ 397

Author(s):

Jeffrey E. McGee ◽

Mark Peterson ◽

Stephen L. Mueller ◽

Jennifer M. Sequeira

Keyword(s):

Self Efficacy ◽

Explanatory Variable ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Nascent Entrepreneurs ◽

Process Framework ◽

Entrepreneurship Theory ◽

And Behavior ◽

Broad Consensus

A growing number of studies on entrepreneurial motivation, intentions, and behavior include entrepreneurial self–efficacy (ESE) as an explanatory variable. While there is broad consensus among researchers on the importance of including ESE in an intentionality model, there remain inconsistencies in the definition, dimensionality, and measurement of ESE. This study takes an important step toward refinement and standardization of ESE measurement. Within a new venture creation process framework, a multi–dimensional ESE instrument is developed and tested on a diverse sample that includes nascent entrepreneurs. Implications for entrepreneurship theory and entrepreneurship education are discussed.

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Measure for measure: Modeling entrepreneurial self-efficacy onto instrumental tasks within the new venture creation process

New England Journal of Entrepreneurship ◽

10.1108/neje-08-02-2005-b005 ◽

2005 ◽

Vol 8 (2) ◽

pp. 39-47 ◽

Cited By ~ 14

Author(s):

Jill Kickul ◽

Robert S. D'Intino

Keyword(s):

Self Efficacy ◽

Teaching Effectiveness ◽

Entrepreneurial Intentions ◽

University Teaching ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Entrepreneurship Research ◽

Research And Teaching ◽

Measure For Measure

We examine the various components of entrepreneurial self-efficacy within the entrepreneurship literature from a measurement perspective. Two published entrepreneurial self-efficacy instruments are tested and compared. Additionally, we study how self-efficacy relates with many of the tasks and roles identified within the entrepreneurial new venture life-cycle. Our study suggests relationships between self-efficacy, perceived skills, and abilities to manage a new venture, and entrepreneurial intentions to start a new venture. We discuss relationships between entrepreneurship research and university teaching and make specific suggestions on how further work on improving measurement in entrepreneurship will benefit both research and teaching effectiveness.

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The Challenging Dynamics of Nascent Entrepreneurship

Nascent Entrepreneurship and Successful New Venture Creation - Advances in Business Strategy and Competitive Advantage ◽

10.4018/978-1-5225-2936-1.ch001 ◽

2018 ◽

pp. 1-28 ◽

Cited By ~ 2

Author(s):

Alexandra França ◽

Alexandra Vilares ◽

Silja Frankenbach ◽

Vanda Vereb ◽

António C. Moreira

Keyword(s):

Personal Characteristics ◽

Individual Characteristics ◽

New Venture ◽

New Venture Creation ◽

Venture Creation ◽

Nascent Entrepreneurs ◽

Central Process ◽

Nascent Entrepreneurship ◽

Creation Process ◽

The Individual

Nascent entrepreneurship has long been studied from a variety of perspectives. A major stream of work by psychologists and sociologists suggests that nascent entrepreneurs have distinctive traits and competences. A second focus for research has been studying the environment in which nascent entrepreneurs operates. Recently, the identification and exploitation of entrepreneurial opportunities has emerged as a third focus. In this paper we will address the following questions: (1) what are the individual characteristics of those individuals who are attracted to becoming an entrepreneur? (2) What are the environmental factors contributing to new venture creation? (3) What are the steps in the creation process? We will attempt to answer these three questions by arguing that the central process of nascent entrepreneurship is centred on opportunity recognition, evaluation and exploitation, and influenced by contextual factors (e.g. external knowledge) and personal characteristics and competences (e.g. internal knowledge).

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Entrepreneurial cognitions: Linking willingness and ability expert scripts to self-efficacy and new venture creation decisions

SA Journal of Industrial Psychology ◽

10.4102/sajip.v34i3.747 ◽

2008 ◽

Vol 34 (3) ◽

Author(s):

Boris Urban

Keyword(s):

Self Efficacy ◽

New Venture ◽

Weak Links ◽

New Venture Creation ◽

Venture Creation ◽

Script Recognition ◽

Entrepreneurial Cognition ◽

Construction Model ◽

Selection Of

In bringing the concept of expert scripts to bear upon the venture creation decision and following a script-scenario construction model the existence and degree of mastery of scripts are inferred from a selection of items consisting of paired script recognition and distracter cues. These cognition cues are then linked to motivation, operationalised with the general self-effcacy construct. Individuals with varying demographics who met qualifying criteria from an unrestricted range of businesses and industries (n = 161) were surveyed. Moderate support was found to consistently recognise and select statements that evidence expert entrepreneurial scripts. Associations with self-effcacy were modest, suggesting weak links between entrepreneurial cognition and motivation.

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