scholarly journals Regional Opportunities and Policy Initiatives for New Venture Creation

2009 ◽  
Vol 27 (5) ◽  
pp. 608-625 ◽  
Author(s):  
Ingrid Verheul ◽  
Martin Carree ◽  
Enrico Santarelli
Keyword(s):  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Firm Formation ◽  
Large Cities ◽  
Policy Initiatives ◽  
New Firm Formation ◽  
Italian Provinces ◽  
New Firm ◽  
The Impact

This article investigates the determinants of new venture creation across industries and locations for 103 Italian provinces between 1997 and 2003. Allowing for differences in regional opportunities across industries, we investigate the impact of a range of factors, including policy initiatives, on new firm formation in manufacturing, retailing and wholesaling, hotels and restaurants. Our results show that regions with industrial districts are characterized by higher start-up rates in manufacturing and that wage costs deter entry in this industry. Firm entry in commercial sectors appears to be higher in large cities and areas with strong economic progress. For hotels and restaurants we find that tourism positively influences new firm formation. We do not find a significant effect of recently introduced regional laws promoting new firm formation in Italy.

The art of entrepreneurial market creation

2014 ◽  
Vol 16 (2) ◽  
pp. 163-182 ◽  
Author(s):  
Kim Lehman ◽  
Ian Ronald Fillis ◽  
Morgan Miles
Keyword(s):  
New Venture ◽  
New Venture Creation ◽  
Additional Contribution ◽  
Venture Creation ◽  
Content Type ◽  
Entrepreneurial Marketing ◽  
Market Creation ◽  
Arts Marketing ◽  
The Impact

Purpose – The purpose of this paper is to use the case of the Museum of Old and New Art (MONA) in Hobart, Tasmania, to investigate the role of entrepreneurial marketing (EM) in shaping an arts enterprise. It draws on the notion of effectuation and the process of EM in explaining new venture creation and assesses the part played by David Walsh, the entrepreneurial owner/manager. Design/methodology/approach – This case study analysis enables an in-depth appraisal of the impact of EM and effectuation within the growing domain of arts marketing. Findings – The paper offers a glimpse into how creativity and business interact in the creation of new markets. It demonstrates how formal methods of marketing are bypassed in the search for owner/manager constructed versions of situational marketing. In addition, it provides insight into dominance of entrepreneur-centrism vs customer-centrism in entrepreneurship marketing. An additional contribution to knowledge is the use of effectuation to assist in better understanding of the role of EM in the market creation process. Originality/value – The research carried out here builds on a growing body of work adopting the EM lens to better understand arts marketing and new venture creation.

The heavy cost of kumbaya–understanding the survival implications of nascent venture ownership structure

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
David Noack ◽  
Douglas R. Miller ◽  
Rebecca Guidice
Keyword(s):  
Ownership Structure ◽  
Critical Time ◽  
Psychological Ownership ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Content Type ◽  
Team Members ◽  
Founding Team ◽  
The Impact

PurposeThis paper brings in relevant entrepreneurial behavior theory to understand the ownership decisions founders make during the nascent stage of new venture creation, and how such decisions impact the viability of the firm.Design/methodology/approachThe authors examine the behavior and decision making of 137 lead founders during the nascent stage of new venture creation. Psychological ownership and environmental uncertainty are measured of lead founders when dividing up firm ownership among the founding team. Using a longitudinal approach, these nascent-stage decisions are then analyzed to understand the impact on the new venture one year later.FindingsCounter to prior research suggesting teams are better off with identical wages and ownership, the authors find such harmony (i.e. “kumbaya”) pursuit to be a detriment to new venture emergence. Specifically, this study finds that nascent ventures are better off with an unequal ownership split among the founding team members. These findings suggest that nascent firms with an unequal split are more likely to move beyond the nascent stage and launch a functional business.Research limitations/implicationsAlthough the results of this study offer a valuable contribution to lead founders and new businesses, the study looked at each startup independent of another and is therefore not able to draw any conclusions related to competitiveness.Practical implicationsLead founders and founding teams frequently divide ownership evenly among the founders. This paper shows that, while convenient, the decision to divide ownership equally can hamper a nascent firm as it moves toward the launch phase of the startup process. These results should motivate founders to think deeply regarding the ownership structure decision and, at the very least, consider the possible negative costs associated with the pursuit of founding team unity.Originality/valueWhile scholars have brought attention to the nascent stage, few have identified and analyzed the decisions that take place during this critical time of the new venture development process. Furthermore, even is less is known of the impact nascent decisions have on startup launch. This study sheds light on these areas.

The Impact of COVID-19 on the Size Distribution of New Firms in Turkey

2022 ◽  
pp. 190-215
Author(s):  
Yigit Aydogan
Keyword(s):  
Size Distribution ◽  
The Other ◽  
New Firms ◽  
Firm Formation ◽  
New Firm Formation ◽  
Turkish Economy ◽  
Initial Drop ◽  
New Firm ◽  
The Impact

A surge in new firm registrations have been one of the most intriguing outcomes of the economic turbulence caused by the COVID-19 pandemic. Turkey followed a similar pattern to many other economies that observed an initial drop and a rapid V-shaped recovery of entry when the virus hit the country. However, the size distribution of new firms has been very different. While others experience a strong rise in smaller entrants, larger firms have dominated the pack in Turkey. As a widely-known long-term problem of the Turkish economy, which has been accused of causing the stagnation of growth, miniscule firms have been losing their weight rapidly among the entrants. It revives lost hopes for the future of the economy and also motivates questions regarding the other determinants of such transformation in new firm formation.

scholarly journals Social entrepreneurship: A solution for transforming the disadvantaged community of Nellmapius

2015 ◽  
Vol 71 (3) ◽  
Author(s):  
Semape J. Manyaka
Keyword(s):  
South Africa ◽  
Social Entrepreneurship ◽  
Practical Theology ◽  
Social Transformation ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Disadvantaged Community ◽  
New Firm ◽  
New Venture Formation

In this article, I investigate the concept, social entrepreneurship, as a potential lever in economic and social transformation of the poorest-of-the-poor community of Nellmapius township, east of Pretoria, South Africa. I identify definitions of ‘entrepreneurship’ and ‘social entrepreneurship’, and delve into the historical development of the concept ‘entrepreneur’. South Africa is in an era where it needs more new venture creation. Hence, I have studied new venture formation, especially from the perspective of Schumpeter’s theory of ways of forming a new firm. South Africa lags behind in new venture development compared toother developing countries; I investigated the causes behind this and suggest remedies to address this. Postfoundationalist practical theology is seen as a way of doing theology in the midst of those who suffer poverty and lack. The methods of this approach are dealt with in this article, which also asks what theology can bring to the table of interdisciplinary engagement?

scholarly journals Venturing under fire

2018 ◽  
Vol 60 (7/8) ◽  
pp. 749-766 ◽  
Author(s):  
Oluwaseun Kolade
Keyword(s):  
Poverty Reduction ◽  
Single Case ◽  
New Venture ◽  
New Venture Creation ◽  
Youth Empowerment ◽  
Venture Creation ◽  
Content Type ◽  
Study Approach ◽  
University Undergraduates ◽  
The Impact

Purpose The purpose of this paper is to examine how a new entrepreneurship education (EE) intervention offered at conflict-ridden Maiduguri, Nigeria, is having transformative impacts through new venture creation and poverty reduction. Design/methodology/approach The paper adopts a single case study approach, drawing from in-depth interviews of participants, experts, and facilitators of the entrepreneurship training, in addition to relevant memos and documents. Findings The findings indicate that the EE programme is, by generating awareness and facilitating skill development, contributing to new venture creation, poverty reduction, and positive change in mindset. However, the impact is limited by inadequate support through venture capital and limited facilities for business incubation. Research limitations/implications This study is limited in its focus on EE provided for university undergraduates and graduates. Further research should explore interventions aimed at less-educated youth in the region, and in other conflict contexts. Social implications The study suggests that EE facilitates youth empowerment through venture creation, in the process transforming them from aggrieved outsiders to active stakeholders in societal peace and national prosperity. Originality/value The nascent theory of transformative entrepreneuring identifies poverty reduction and conflict resolution as the main mechanisms. This paper focuses on how EE triggers new venture creation, which in turn contributes to poverty reduction and overall change in mindset of otherwise unemployed and aggrieved youths.

THE IMPACT OF BUSINESS CLIMATE, FOREIGN POPULATION AND UNEMPLOYMENT ON NEW VENTURE CREATION

2012 ◽  
Vol 17 (04) ◽  
pp. 1250021 ◽  
Author(s):  
MARK HOELSCHER ◽  
BALASUBRAMANIAN ELANGO
Keyword(s):  
New Ventures ◽  
State Level ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Business Climate ◽  
Foreign Population ◽  
Time Period ◽  
Level Data ◽  
The Impact

This paper seeks to add to the literature on regional factors that drive development of new ventures. In particular, it investigates the effects of business climate, foreign population and unemployment on new venture creation. Using state level data from the time period 2003–2007, we find that while business climate and foreign population are positively related to new venture creation, unemployment is negatively related. Implications of this study for fostering entrepreneurship are discussed.

scholarly journals Reframing the Arts within the Liberal Arts Community

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
Sarah Archino ◽  
Marta Lanier ◽  
Ross McClain
Keyword(s):  
Experiential Education ◽  
Liberal Arts ◽  
New Venture ◽  
Central Component ◽  
New Venture Creation ◽  
Venture Creation ◽  
The Arts ◽  
Professional Artists ◽  
The Impact ◽  
Arts Community

The dominance of New Venture Creation and Skills for Transitioning models has produced scholarship focusing on the impact of entrepreneurial pedagogy on graduates who pursue careers within the arts. This paper shares a liberal arts approach, positioning arts as a central component in the creation of an entrepreneurial mindset with benefits for students throughout campus. Shifting our department to cultivate an entrepreneurial mindset through arts-based experiential education, we have created an alternate approach that can serve those who wish to become professional artists, but also provides value for the majority of our students who will not remain in the arts.

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