scholarly journals Adapting the effectuation model for nascent entrepreneurs

2021 ◽  
Author(s):  
Shohei Hamamatsu ◽  
Maya Fujita
Keyword(s):  
Nascent Entrepreneurs

Entrepreneurial Orientation, Social Capital and Firm Creation for Nascent Entrepreneurs

2015 ◽  
Vol 6 (6) ◽  
pp. 1057-1070
Author(s):  
Edwin L. Knox ◽  
Nathan K. Austin ◽  
Chinyere Emmanuel Egbe
Keyword(s):  
Social Capital ◽  
Entrepreneurial Orientation ◽  
Nascent Entrepreneurs ◽  
Firm Creation

How do social skills enable nascent entrepreneurs to enact perseverance strategies in the face of challenges? A comparative case study of success and failure

2014 ◽  
Vol 20 (6) ◽  
pp. 517-541 ◽  
Author(s):  
Wadid Lamine ◽  
Sarfraz Mian ◽  
Alain Fayolle
Keyword(s):  
Social Skills ◽  
New Technology ◽  
New Ventures ◽  
Nascent Entrepreneurs ◽  
Entrepreneurial Process ◽  
Ongoing Research ◽  
Content Type ◽  
Start Up ◽  
The Impact

Purpose – This paper seeks to advance ongoing research in entrepreneurial perseverance. While the concept of perseverance is not new, few researchers paid attention to behavioural persistence in the entrepreneurial context. The purpose of this paper is to explore the emergence of new technology based firms (NTBF) by focusing on the role of nascent entrepreneurs’ social skills in the meeting the changes of entrepreneurial perseverance. Design/methodology/approach – In this paper the authors study the start-up phase of entrepreneurial process. The authors opted for a longitudinal case study approach in order to enhance the knowledge on entrepreneurs’ social skills and perseverance. For triangulation purpose the data were gathered using four different information sources. The use of Nvivo8 as the data analysis tool helped to impose a discipline and structure which facilitated the extraction of core insights. Findings – This paper contributes to the understanding of the entrepreneurial perseverance in the context of new venture creation. Particularly, reading the entrepreneurial process through the lens of the perseverance strategies model (Van Gelderen, 2012) provided a way to identify and then to assess the impact of the social skills on the overall entrepreneurial perseverance and their combined impact on the performance of NTBF creation process. In doing so, the authors identify the impact of entrepreneurs’ social skills to deal with a series of entrepreneurial problems such as scarcity of resources, uncertainty and ambiguity and consequently their impact on the likelihood of survival for new ventures. The issues that arose mostly reflected the inherent complexity of technology transfer processes, the university and entrepreneurs’ diverging cultures, and the very characteristics of the start-up phase of NTBFs. The findings reveal how social skills impact the entrepreneurial paths and probable outcomes. Research limitations/implications – This paper contributes to the understanding of the entrepreneurial perseverance in the context of NTBF creation. The findings reveal how social skills and perseverance impact the entrepreneurial paths and probable outcomes. Practical implications – The paper has implications for entrepreneurial support mechanisms such as technology business incubators in helping them to improve the efficacy and efficiency of their assistance to entrepreneurs through the development of their skill-sets and perseverance and providing enabling networking. In addition, the research has implications for entrepreneurship education and training. Indeed, there is an urgent need to design and implement courses and programs aiming at developing soft skills in entrepreneurship. Originality/value – In exploring networking and issues of perseverance for nascent entrepreneurs operating in new technology-based sectors, which the authors consider as an under searched area in entrepreneurial literature.

scholarly journals Accelerators as authentic training experiences for nascent entrepreneurs

2017 ◽  
Vol 59 (7/8) ◽  
pp. 811-824 ◽  
Author(s):  
Morgan P. Miles ◽  
Huibert de Vries ◽  
Geoff Harrison ◽  
Martin Bliemel ◽  
Saskia de Klerk ◽  
...  
Keyword(s):  
Authentic Learning ◽  
Learning Processes ◽  
Nascent Entrepreneurs ◽  
Competency Development ◽  
Content Type ◽  
Self Reflection ◽  
Start Up ◽  
Learning Platforms ◽  
Entrepreneurial Competencies ◽  
Entrepreneurial Training

Purpose The purpose of this paper is to address the role of accelerators as authentic learning-based entrepreneurial training programs. Accelerators facilitate the development and assessment of entrepreneurial competencies in nascent entrepreneurs through the process of creating a start-up venture. Design/methodology/approach Survey data from applicants and participants of four start-accelerators are used to explore the linkages between accelerators and the elements of authentic learning. Authentic learning processes are then mapped onto the start-up processes that occur within the accelerators. Findings Accelerators take in nascent entrepreneurs and work to create start-ups. This activity develops the participants’ entrepreneurial competencies and facilitates authentic self-reflection. Research limitations/implications This study explores how accelerators can be useful as authentic learning platforms for the development of entrepreneurial competencies. Limitations include perceptual measures and the inability to conduct paired sampling. Practical implications Entrepreneurship training is studied through the lens of authentic learning activities that occur within an accelerator. Participants develop and assess their mastery of and interest in entrepreneurship through tasks, exposure to experts and mentors, peer learning, and assessments such as pitching to investors at Demo Day. Originality/value This paper reports on the authentic learning processes and its usefulness in competency development and self-appraisal by accelerators participants. The opportunity for competency development and self-appraisal by nascent entrepreneurs before escalating their commitment to a start-up may be an accelerator’s raison d’être.

scholarly journals Nascent Entrepreneurs, Entrepreneurial Self-Efficacy, and the Moderators of Race, Gender, and Government Support

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Jason Cavich ◽  
Ravi Chinta
Keyword(s):  
Boundary Conditions ◽  
Self Efficacy ◽  
State Level ◽  
Opportunity Recognition ◽  
The State ◽  
Government Support ◽  
Nascent Entrepreneurs ◽  
Time Dimension ◽  
Data Set ◽  
Entrepreneurial Intent

Abstract In a better attempt to understand nascent entrepreneurship, this paper explores the relationship between opportunity recognition and the entrepreneurial intent of nascent entrepreneurs. Contrary to conventional wisdom, research on this relationship is fragmented and empirically underdeveloped. In addition, the contextual and perceptual boundary conditions of government support, gender, and minorities are explored. We surveyed 1246 nascent entrepreneurs in the state of Florida, which is the largest data set on this topic in Florida. Respondents answered 55 survey questions on potential barriers to entrepreneurship to help understand how their context impacts their intent to start a new business. Our empirical results indicate that opportunity recognition by nascent entrepreneurs significantly affects entrepreneurial intent, the strength of which is moderated by government support and gender, but not by minorities. Our study is a direct response to the call-in existing entrepreneurship literature for new research in geographically narrower contexts as the largest survey-based study at the state level in the US that we know of. We extend and demarcate entrepreneurial self-efficacy into a new context while clarifying boundary conditions. Lastly, our dependent variable measures intensity of intention to start a business along a time dimension which empirically narrows the gap between studies on entrepreneurial intention and studies on entrepreneurial action.

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.

Nascent entrepreneur characteristic predictors of early-stage entrepreneurship outcomes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stephen E. Lanivich ◽  
Laci M. Lyons ◽  
Anthony R. Wheeler
Keyword(s):  
Social Cognitive ◽  
Cognitive Theory ◽  
Early Stage ◽  
Fear Of Failure ◽  
Nascent Entrepreneurs ◽  
Nascent Entrepreneurship ◽  
Content Type ◽  
Assistance Programs ◽  
Perceived Success ◽  
Core Self

PurposeSocial cognitive theory suggests that entrepreneurs' characteristics affect entrepreneurial outcomes through interaction with their environment. This study examines the relationship between entrepreneurs' characteristics and performance in the context of entrepreneurial nascence.Design/methodology/approachThis study investigated lagged-panel responses from a sample of 100 confirmed nascent entrepreneurs. Data collected on three separate occasions included core self-evaluations, commitment, fear of failure and success. PLS analysis was used to assess mediation of commitment on the self-evaluation – success relationship.FindingsCore self-evaluations are an important predictor of entrepreneurial success in nascent-stage entrepreneurs participating in pre-venture assistance programs; positively affecting success and commitment, while negatively affecting fear of failure.Research limitations/implicationsThis investigation contributes to a fuller understanding of social cognitive theory as it pertains to nascent entrepreneurship. Furthermore, contrary to general expectations found in the entrepreneurship literature, the authors uncover a context where entrepreneurs' characteristics are relevant predictors of early entrepreneurial outcomes.Practical implicationsResults showed core self-evaluations as a robust predictor of perceived success in nascent entrepreneurs. Administrators of pre-venture assistance programs should consider screening applicants to programs designed to assist nascent entrepreneurial opportunity development for signs of high core self-evaluations.Originality/valueThis study advances theory by (1) demonstrating the value of assessing nascent entrepreneurs' core self-evaluations as a specific predictor of early-stage entrepreneurial outcomes, (2) suggesting social interaction amidst participation in pre-venture assistance programs makes commitment a salient part of perceived success and (3) providing evidence that entrepreneur-level characteristics need consideration in the context of nascent entrepreneurship and pre-venture assistance programs.

Financing Nascent Entrepreneurs by Reward-Based Crowdfunding

2021 ◽  
pp. 228-252
Author(s):  
Susana Bernardino ◽  
J. Freitas Santos ◽  
Silvie Oliveira
Keyword(s):  
Banking System ◽  
Previous Experience ◽  
New Venture ◽  
The Internet ◽  
Nascent Entrepreneurs ◽  
Critical Factors ◽  
Large Group ◽  
Funding Mechanism ◽  
Small Investors ◽  
Different Levels

A problem faced by nascent entrepreneurs is to attract outside capital to finance a new venture. A new promising funding mechanism created outside the banking system is crowdfunding (CF). The reward-based model of CF allows nascent entrepreneurs to capture funds from a large group of small investors through a campaign on the Internet. In return for the contribution of the backers, crowdfundees provide rewards (tangible items or services) or other types of incentives. However, in order to be successful a campaign must be designed according to a strategy that encompasses important steps. This study collects data from projects posted in the Indiegogo platform to identify the critical factors of a successful reward-based campaign. The results indicate that it is possible to find an explanation for the different levels of success of reward CF campaigns based on the analysis of the characteristics of the project (depth of the description, updates, and type) and its founders (own presentation, number of backers, team involved, and previous experience).

Determinants of Nascent Entrepreneurship Development

2021 ◽  
pp. 172-193
Author(s):  
Albérico Travassos Rosário ◽  
Filipa Fernandes ◽  
Ricardo Gomes Raimundo ◽  
Rui Nunes Cruz
Keyword(s):  
International Economic ◽  
Economic Crisis ◽  
Global Economy ◽  
Nascent Entrepreneurs ◽  
Nascent Entrepreneurship ◽  
Organizational Contexts ◽  
Important Concept ◽  
Entrepreneurial Attitude ◽  
Business Opportunities ◽  
The Moment

The current international economic crisis, at the moment of writing, will affect global economy and will demand entrepreneurial attitude to seize business opportunities. Nascent entrepreneurship emerged as an important concept in the boundary between entrepreneurship and organizational contexts. Literature on nascent entrepreneurship has only gained attention recently, thus remaining diverse and limited, particularly concerning their interplay with contexts and varying entrepreneurial processes. This study reviews those themes on nascent entrepreneurship and it enhances the way contextual challenges are addressed by nascent entrepreneurs, through diverse entrepreneurial leaning and entrepreneurial capability.

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