Understanding Imagination in Entrepreneurship

Using interviews to explore the role imagination plays in the South American Nikkei phenomenon (a fusion of Japanese haute cuisine with Peruvian ingredients) and employing the alternate templates research strategy to analytically compare three entrepreneurial behaviors (adaptive bricolage, strategic planning, and transformative effectuation), this case study found that the current theoretical boundary conditions are insufficient to separate the three archetypes. Therefore, based on data, new concepts are proposed to explain entrepreneurial behaviors where they overlap (e.g., creative imagination as a bridging construct of the entrepreneurial process). A novel entrepreneurial trilemma and a behavioral model focused on the conceptual overlaps are introduced to frame the new concepts and to visually depict the relationships between them.

How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation

The aim of this study is to explore how entrepreneurship sustains the barriers in the entrepreneurial process in a developing country like Pakistan. To reach these findings, a qualitative approach was used in which semi-structured interviews were conducted with young entrepreneurs in the region of Hyderabad, Pakistan. After collecting data, thematic analysis was conducted. The findings of the study in the form of final themes suggest that trust issues, family barriers, financial issues, gender issues, educational barriers, corruption, and legal barriers are among the challenges which trigger changes in the entrepreneurial process and its sustainability. This study provides implications for the regional government, academic institutes, financial institutes, entrepreneurs, and society at large when developing a support system and promoting a sustainable entrepreneurial environment by minimizing these challenges and suggestions for an entrepreneurial focus on sustainable entrepreneurship.

Digital entrepreneurship vs. Traditional entrepreneurship : the setting up of a global conceptual model

A review of the contemporary literature on entrepreneurship suggests that, in general, entrepreneurship in the digital sphere is more or less different from " traditional " entrepreneurship. Nevertheless, faced with this assertion, the question that remains slightly discussed is to determine which are foremost the main variables that allow us to compare these two phenomena in order to be able to distinguish them? Based on an in-depth study of variables used in the literature to describe entrepreneurs and their businesses, this paper attempts to introduce a global conceptual model that opens new tracks research to compare, in an empirical way, digital entrepreneurship and traditional entrepreneurship. This framework takes into account three main elements: The entrepreneur profile, the entrepreneurial process and finally the measurement of the venture performance and outcomes. This work also provides useful informations on digital entrepreneurship while demonstrating that it is a complex and multifactorial phenomenon.

Psychological Well-Being Sustainable during Entrepreneurial Process—The Moderating Role of Entrepreneurial Creativity

Despite pitfalls during the entrepreneurial journey, entrepreneurship offers the opportunity to illuminate new ventures and preserve psychological well-being to sustain entrepreneurial development. From a dynamic perspective, this study discusses the early stage of the entrepreneurial process affecting student entrepreneurs’ psychological well-being and examines the moderating role of entrepreneurial creativity. By building a framework with the data of 1873 student entrepreneurs across 36 university business incubators in China involved in entrepreneurship activity, we found that entrepreneurial passion, alertness and intention had a positive correlation with entrepreneurs’ psychological well-being, but entrepreneurial action had the opposite effect. Entrepreneurial creativity positively moderated relationships between entrepreneurial action and students’ psychological well-being. This finding contributes to a full understanding of students’ psychological well-being on their entrepreneurial journey in the context of COVID-19 and eases the pressure of entrepreneurship by strengthening entrepreneurial creativity education.

RE-CONTEXTUALIZING OPPORTUNITY AS ARTIFACT SIGNALLING FOR ENTREPRENEURIAL ACTION

In exploring entrepreneurial action as a response to opportunities, this paper uses signalling theory to provide new insights as the entrepreneur moves from perception to recognition to enactment. We adopt a dynamic approach to how entrepreneurs perceive opportunities and form initial opportunity beliefs, recognizing that, over time, beliefs change. The perceived potentialities from the signals arising from opportunities also change. Strength of the initial opportunity beliefs, morph-ability of opportunities, frequency of opportunity appearances, multiple interpretations of opportunity, latency of opportunity, observability (intensity, visibility, strength and clarity), distortions of opportunity and false opportunity are topics that are not sufficiently addressed in research on entrepreneurial opportunities. We argue that the signalling effects open new avenues of inquiry related to the central role of opportunity in the entrepreneurial process. Instead of seeing opportunity from either the discovery or creation approaches, opportunity should be viewed as an artifact with embedded perceived potentialities. Implications are drawn for the developmental context.

Expanding the Entrepreneurial Value Creation Model of Mishra & Zachary (2014)

There have been many theories applied to explain entrepreneurship and its factors. A majority have not explained an entrepreneurial process entirely. This paper builds on existing theoretical and empirical studies to detail and expand the Entrepreneurial Value Creation Model to provide a complete theoretical model of the entrepreneurship process for empirical studies in the future. Three main contributions of the research include: (1) a detailed entrepreneurial value creation model; (2) a review of 8 types of research related to Entrepreneurial Value Creation theory; and (3) seven factors influencing entrepreneurial intention and five factors influencing opportunity recognition added to the model.

Perceptual Fluctuations within the Entrepreneurial Journey: Experience from Process-Based Entrepreneurship Training

The entrepreneurial idea and opportunity are formed in the entrepreneurial process, which is characterized by entrepreneurial learning. During the entrepreneurial journey, the entrepreneur repeatedly reassesses the maturity of his business/venture idea and venture creation process to enter the market. The entrepreneur’s decisions are influenced by both objective and affective circumstances. This study aims to identify and map the fluctuations of idea–opportunity perception and affection by a student entrepreneur throughout the entrepreneurial learning journey simulating a genuine entrepreneurial (learning) process. The data collection of variables took place during an entrepreneurship course that modeled the entrepreneurial journey via process-based entrepreneurship training and applying feasibility and attractiveness self-assessment, observation and in-depth interviews. A small group of doctoral students developed their business ideas during a process-based entrepreneurship course. After each lesson and homework, they assessed the feasibility and attractiveness of their idea and opportunity. The results showed asynchronous fluctuations in these individual context-based perception variables, frequently depending on the progression of the entrepreneurial journey. The study added the concept of affective artifact and some generalizing dimensions to describe the entrepreneurial journey. Recommendations are given for the implementation and research of entrepreneurial process-based training.