scholarly journals Great Minds Think Alike, Fools Seldom Differ: An Empirical Analysis of Opportunity Assessment in Technology Entrepreneurs

2021 ◽  
Vol 14 (1) ◽  
pp. 49
Author(s):  
Patrick Barry ◽  
Kathryn Cormican ◽  
Sean Browne
Keyword(s):  
Financial Analysis ◽  
New Venture ◽  
Future Research ◽  
Opportunity Costs ◽  
Full Time ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Self Employment ◽  
Part Time ◽  
Using Data

This study extends the literature on self-employment and entrepreneurship by offering empirical insights into the factors that influence technology entrepreneurs at the early stages of the new venture creation process. Specifically, this research focuses on how technology entrepreneurs assess opportunities at the start of the process. Using data from technology entrepreneurs in Ireland, we analyze differences between part-time entrepreneurs and full-time entrepreneurs and discover that not all entrepreneurs attach importance to activities that were previously considered fundamental. While we confirm that opportunity cost, market assessment, and financial analysis are critical and ever-present, we argue that aspiring technology entrepreneurs must be cognizant that when employment-related costs are included as a dimension of opportunity costs, the level and importance of opportunity costs rise for both part-time and full-time entrepreneurs. We also find that whether nascent entrepreneurs work full-time or part-time on the new venture has an impact on which activities are completed and at what point of the process they are completed. For example, we show that part-time entrepreneurs identify markets earlier than full-time entrepreneurs whereas the opposite is true when it comes to financial data preparation. We argue that a greater understanding of these issues will help technology entrepreneurs to make informed decisions. As a result, our findings may influence an aspiring entrepreneur’s decision to start a new venture. They also have ramifications for investors and support services. Consequently, we discuss theoretical contributions, practical ramifications, and future research possibilities.

OPPORTUNITY RECOGNITION DIFFERENCES BETWEEN BLACK AND WHITE NASCENT ENTREPRENEURS: A TEST OF BHAVE'S MODEL

2008 ◽  
Vol 13 (01) ◽  
pp. 59-75 ◽  
Author(s):  
ROBERT P. SINGH ◽  
EDWIN L. KNOX ◽  
MICAH E. S. CRUMP
Keyword(s):  
Panel Study ◽  
Opportunity Recognition ◽  
New Venture ◽  
Future Research ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Black And White ◽  
Black Entrepreneurship ◽  
Future Research Directions ◽  
Using Data

Examining the opportunity recognition processes of black and white entrepreneurs may help improve the lagging rate of black entrepreneurship. Based on the framework provided by Bhave's (1994) model of new venture creation, and using data collected through the Panel Study of Entrepreneurial Dynamics, we found significant differences between the percentage of black and white nascent entrepreneurs who recognized externally-stimulated versus internally-stimulated opportunities and their projected firm revenues. As predicted, black nascent entrepreneurs were more likely to pursue externally-stimulated opportunities with significantly lower expected revenues than their white counterparts. Academic and practical implications are discussed and future research directions are offered.

A Descriptive Analysis of Music Therapy Employment from 2013 to 2019

2020 ◽  
Author(s):  
Jonathon Oden
Keyword(s):  
Music Therapy ◽  
Descriptive Analysis ◽  
American Music ◽  
High Rate ◽  
Future Research ◽  
Full Time ◽  
Music Therapists ◽  
Funding Sources ◽  
Part Time ◽  
Therapy Services

Abstract The purpose of this study was to descriptively analyze music therapy employment data from 2013 to 2019, including years in the field, gender, age, ethnicity, hours worked, jobs created, number of new board-certified music therapists (MT-BCs), funding sources, and wages. A database was created to analyze descriptive data from the 2013–2019 American Music Therapy Association Workforce Analysis Surveys as well as data from the Certification Board for Music Therapists. Results indicate a large portion of music therapists (MTs) have been in the field for five years or less. Though the majority of MTs work full time, there is a high rate of part-time employment. An estimate of the total number of new full-time jobs represented a ratio of 57% of new MT-BCs during the period. Private pay was the most reported funding source for music therapy services. Music therapy wages tended to be higher for those with higher levels of education. Limitations of the study and suggestions for future research are provided.

scholarly journals An exploration of the Business Plan Competition as a methodology for effective nascent entrepreneurial learning

2018 ◽  
Vol 24 (1) ◽  
pp. 121-146 ◽  
Author(s):  
Kayleigh Watson ◽  
Pauric McGowan ◽  
James A. Cunningham
Keyword(s):  
Learning Outcomes ◽  
Business Plan ◽  
New Venture ◽  
Critical Examination ◽  
New Venture Creation ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Entrepreneurial Learning ◽  
Content Type ◽  
Nascent Entrepreneur

Purpose Business Plan Competitions (BPCs) are readily prescribed and promoted as a valuable entrepreneurial learning activity on university campuses worldwide. There is an acceptance of their value despite the clear lack of empirical attention on the learning experience of nascent entrepreneurs during and post-participation in university-based BPCs. To address this deficit, the purpose of this paper is to explore how participation in a university-based BPC affords entrepreneurial learning outcomes, through the development of competencies, amongst nascent entrepreneurs. Design/methodology/approach Underpinned by a constructivist paradigm, a longitudinal qualitative methodological approach was adopted. In-depth interviews with nascent entrepreneur participants of a UK university-based BPC were undertaken at the start and end of the competition but also six months after participation. This method enabled access to the participant’s experiences of the competition and appreciation of the meanings they attached to this experience as a source of entrepreneurial learning. Data were analysed according to the wave of data collection and a thematic analytical approach was taken to identify patterns across participant accounts. Findings At the start of the competition, participation was viewed as a valuable experiential learning opportunity in pursuit of the competencies needed, but not yet held, to progress implementation of the nascent venture. At the end of the competition, participants considered their participation experience had afforded the development of pitching, public speaking, networking and business plan production competencies and also self-confidence. Six months post-competition, participants still recognised that competencies had been developed; however, application of these were deemed as being confined to participation in other competitions rather than the routine day-to-day aspects of venture implementation. Developed competencies and learning remained useful given a prevailing view that further competition participation represented an important activity which would enable value to be leveraged in terms of finance, marketing and networking opportunities for new venture creation. Research limitations/implications The findings challenge the common understanding that the BPC represents an effective methodology for highly authentic, relevant and broadly applicable entrepreneurial learning. Moreover the idea that the competencies needed for routine venture implementation and competencies developed through competition are synonymous is challenged. By extension the study suggests competition activities may not be as closely tied to the realities of new venture creation as commonly portrayed or understood and that the learning afforded is situated within a competition context. Competitions could therefore be preventing the opportunities for entrepreneurial learning that they purport they offer. Given the practical importance of competition participation as a resource acquisition activity for nascent entrepreneurs, further critical examination of the competition agenda is necessary as too is additional consideration about the design of such competitions and how such competitions should feature within university policy to support new venture creation. Originality/value This study contributes to the limited literature and studies on BPCs by focussing on its effectiveness as a means of providing entrepreneurial learning for participants. The key contribution taking it from an individual nascent entrepreneur participant perspective is that the competencies afforded through competition participation are more limited in scope and application than traditionally promoted and largely orientated towards future BPC participation. Learning is mainly situated for competition sake only and about participants securing further resources and higher levels of visibility. As the nascent entrepreneurs intended learning outcomes from competition participation are subsequently not realised, the study highlights a gap between the intended and actual outcomes of competition participation.

Much More Than Meets the Eye

2021 ◽  
pp. 61-91
Author(s):  
Alexandra França ◽  
Silja Frankenbach ◽  
Vanda Vereb ◽  
Alexandra Vilares ◽  
António Carrizo Moreira
Keyword(s):  
Personal Characteristics ◽  
Individual Characteristics ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Sociological Perspective ◽  
Nascent Entrepreneurship ◽  
Creation Process ◽  
The Way

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.

scholarly journals Contesting effectuation theory: Why it does not explain new venture creation

2020 ◽  
Vol 38 (6) ◽  
pp. 515-535 ◽  
Author(s):  
John Kitching ◽  
Julia Rouse
Keyword(s):  
Decision Making ◽  
Cognitive Science ◽  
Causal Explanation ◽  
New Venture ◽  
New Venture Creation ◽  
Causal Powers ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Cultural Contexts ◽  
Social Structural

We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the process of new venture creation. We do this by conducting an analysis of the principal concepts introduced by effectuation theory. Effectuation theory has become a highly influential cognitive science-based approach to understanding how nascent entrepreneurs start businesses under conditions of uncertainty. But by reducing the process of venture creation to a decision-making logic, effectuation theory pays insufficient regard to the substantial, pervasive and enduring influence of social-structural and cultural contexts on venture creation. Powerful explanations should conceive of venture creation as a sociohistorical process emergent from the interaction of structural, cultural and agential causal powers and must be able to theorise, fallibly, how nascent entrepreneurs form particular firms in particular times and places. We conclude that effectuation’s contribution to entrepreneurship scholarship is more limited than its advocates claim because it can offer only an under-socialised, ahistorical account of venture creation. Failure to theorise adequately the influence of structural and cultural contexts on venture creation implicitly grants nascent entrepreneurs excessive powers of agency.

Full-Time Students With Part-Time Benefits: How Being Denied On-Campus Housing Affects College Students With Criminal Records

2020 ◽  
pp. 152102512096066
Author(s):  
Terrence S. McTier ◽  
Chelsea T. Smith ◽  
Gabrielle Smith ◽  
Ariel Hodges ◽  
Samba Bah
Keyword(s):  
Higher Education ◽  
College Students ◽  
Future Research ◽  
Criminal Record ◽  
Full Time ◽  
Prospective Students ◽  
Criminal Records ◽  
Housing Policies ◽  
Campus Housing ◽  
Part Time

There are major assumptions that housing opportunities in higher education are equally accessible and available to all students. However, these accessible housing opportunities are not available to current and prospective students who possess a criminal record. Many college students with criminal records are deemed ineligible for adequate housing opportunities even before their applications are submitted. This study uses a qualitative layered analysis approach to explore how denials from on-campus housing affect college students with criminal records. Using the perspectives of this marginalized and invisible student population, we draw the reader’s attention to how students with criminal records are affected as a result of being denied on-campus housing, and we provide tangible recommendations for future research, housing practices, and housing policies in higher education.

scholarly journals Comment: Agricultural Economics Research and Extension Needs of Small-Scale, Limited-Resource Farmers

1979 ◽  
Vol 11 (1) ◽  
pp. 57-59 ◽  
Author(s):  
Ben L. Perry
Keyword(s):  
Value Added ◽  
Limited Resource ◽  
Future Research ◽  
Small Scale ◽  
Full Time ◽  
Small Farms ◽  
Small Farm ◽  
Social Scientists ◽  
Research Areas ◽  
Part Time

West is to be commended for (1) the organization of his discussion, (2) the careful delineation of the research areas, (3) the thoroughness of his research and the excellent documentation of the research efforts of social scientists in treating the problem/s of the small-farm operator, and (4) the development of a means-end schema of “what is,” “what ought to be” with implications for future research, programs, and public policy.As West indicates, there is need for a redefinition of small farm. The $20,000 gross sales limit is inadequate. Most definitions do not include the value added of products produced and consumed by the family. Some states, for example Florida, use figures much lower than $20,000 to characterize small farms. The distinction between full-time and part-time farmers and their incomes is not clearly delineated. A national concern should be the redefinition of the term, “small farm.” Heterogeneous characteristics of small farms should not inhibit the generation of profile information by geographic regions.

Key Considerations for Advancing Women in Coaching

2019 ◽  
Vol 27 (2) ◽  
pp. 128-135 ◽  
Author(s):  
Jenessa Banwell ◽  
Gretchen Kerr ◽  
Ashley Stirling
Keyword(s):  
Gender Equity ◽  
Thematic Analysis ◽  
Mentoring Relationships ◽  
Future Research ◽  
Full Time ◽  
Structured Interviews ◽  
Part Time ◽  
Business Engineering ◽  
Female Coaches

Women remain underrepresented in the coaching domain across various levels of sport both in Canada and internationally. Despite the use of mentorship as a key strategy to support female coaches, little progress has been seen in achieving parity. At the same time, greater advances in gender equity have occurred in other non-sport sectors such as business, engineering, and medicine. The purpose of this study, therefore, was to learn from non-sport domains that have seen advances in gender equity to inform mentorship for women in coaching. A mixed-methods methodology was employed and consisted of distributing mentorship surveys to female coaches (n = 310) at various competitive levels, representing current (88%), former (12%), full-time (26%), part-time (74%), paid (54%), and unpaid (46%) coaching status. In addition, eight in-depth semi-structured interviews were also conducted with women in senior-level positions across various non-sport domains, including business (n = 1), media (n = 1), engineering (n = 2), higher education (n = 1), law (n = 1), and medicine (n = 2), regarding the role of mentorship in advancing women in their field. A descriptive and thematic analysis of the survey and interview data were conducted and findings are interpreted to suggest considerable variation in the characteristics of female coaches’ mentoring relationships, as well as the need to move beyond mentorship to sponsorship for advancing women in coaching. Recommendations for future research and advancing women in coaching are provided.

Effect of the different forms of overconfidence on venture creation: Overestimation, overplacement and overprecision

2020 ◽  
pp. 1-14
Author(s):  
Zsófia Vörös
Keyword(s):  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Nascent Entrepreneurs ◽  
Global Entrepreneurship Monitor ◽  
Entrepreneurial Skills ◽  
Self Focusing ◽  
Single Construct ◽  
New Evidence ◽  
Monitor Data

Abstract This paper focuses on the effects of entrepreneurial overconfidence at new venture creation. By analyzing Global Entrepreneurship Monitor data and using the theory of planned behavior as a framework, the study provides new evidence on the relative or absolute nature of overconfidence in entrepreneurial skills and the effect of overprecision on new venture creation. Overprecision of supporting beliefs is newly linked to venture creation and it is shown that nascent entrepreneurs’ overconfidence is based on a self-focusing attitude. The results confirm that overconfidence is not a single construct and highlights the differences between the forms of overconfidence habitually confused in the entrepreneurship literature.

Jobs, leisure and traditional pursuits: activities of native males in the Northwest Territories

Polar Record ◽  
1989 ◽  
Vol 25 (155) ◽  
pp. 295-302 ◽  
Author(s):  
Jack C. Stabler
Keyword(s):  
Northwest Territories ◽  
Activity Patterns ◽  
Individual Preference ◽  
Complex Mixture ◽  
Native People ◽  
Full Time ◽  
Modern Economy ◽  
Traditional Sector ◽  
Part Time ◽  
Using Data

abstractActivity patterns of native people in the Northwest Territories include a complex mixture of employment in the modern economy, full-time or part-time engagement in traditional pursuits, and leisure. This study identifies characteristics of participants in each activity which assist in interpreting the allocation of time among employment in the modern economy, the pursuit of traditional activities, and leisure. Three hypotheses—traditionalist, modernist and culturalist — were identified from current literature and tested statistically, using data collected in interviews held with 11,164 NWT residents in 1984. The hypotheses were: (1) engagement in the traditional sector is preferred to holding a job in the modem economy; thus, wage employment primarily facilitates pursuit of traditional activities; (2) engagement in the modern economy is preferred; those unable to work in it turn to traditional activities, which are easier to enter; (3) the traditional sector is an arena in which a cultural heritage can be maintained, a preferred sustenance obtained, or where one can demonstrate his prowess apart from any material gain that might be realized. The data do not unequivocally support any of the hypotheses, but this study suggests an alternative approach to the interpretation of activity patterns, based upon an analysis of individual preference functions.

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