Economic Development and Growth Perspectives in Entrepreneurship

In developing countries, entrepreneurship is seen as a phenomenon related to the growth of the economy. Innovative start-ups feed the country's economy and contribute to reducing unemployment. The aim is to identify the voids to understand how entrepreneurs can better serve their country. Therefore, the authors evaluated the concepts of how entrepreneurs can effectively serve developing economies. The role of entrepreneurial factors such as entrepreneurial self-efficacy and entrepreneurial eco-systems in creating entrepreneurial intention is discussed along with the implementation of entrepreneurial learning in multiple disciplines to help reduce innovative obstacles.

Frontier Markets and Sustainable Entrepreneurial Competences: An Exploratory Study of the Impact of a New Industry in Guatemala

There is growing interest among scholars and policy makers to develop sustainable entrepreneurial competences in pre-emerging, frontier markets characterized by limited access to advanced capital, high protectionism, and weak formal institutional environments. To become internationally competitive, these markets need to radically rethink their long-standing, embedded practices, which have often been linked to socioeconomic inequality. Our study, grounded in corporate entrepreneurship, is an exploratory analysis of why and how well-established firms, operating in the financial service industry, created more equity-based businesses practices to enter the new industry of mobile banking. The firms in our study needed a combination of both economic incentives and social pressures to do so but, in the process, developed new entrepreneurial competencies. Successful firms were those that significantly altered their embedded practices and engaged in fostering new informal relationships with previously overlooked stakeholders, particularly customers from indigenous backgrounds. Our multi-case, inductive research design offers theoretical and practical insights regarding how incorporating internal and external corporate entrepreneurial factors in an underserved market setting, such as the frontier market of Guatemala, not only fosters socioeconomic equality but also creates international attractiveness and competitiveness.

Influence of Social Capital, Social Motivation and Functional Competencies of Entrepreneurs on Agritourism Business: Rural Lodges

This study is aimed at examining the relationships between social capital, social motivation and functional competencies and their effects on the participation in the development of an agritourism business among Tunisian entrepreneurs who already have rural lodges in the agritourism sector in Tunisia. The authors applied structural modeling of the partial least squares equation to analyze 100 questionnaires completed by participants and test the hypotheses. The results showed positive and direct effects concerning the two variables, namely, the social capital and functional competencies on the participation in the development of a business in agritourism. On the other hand, the mediating role of social motivation between social capital and participation in the development of an agritourism business has shown an insignificant effect. This study creates a distinctive theoretical contribution to the literature on social entrepreneurial factors by analyzing the relationships between social capital, social motivation and functional competencies of an entrepreneur on participation in the development of a business in agritourism. In addition, this study investigates numerous practical implications of these results.

Exploring internal business factors and their impact on firm performance: small business perspective in Ethiopia

Mainly, the study is aimed at exploring the internal business factors and their impact on firm performance in micro- and small-scale enterprises. The study employed a descriptive and explanatory research design and used a quantitative research approach. The study is conducted on Amhara region, North Wollo zone, Lalibela city administration micro- and small-scale enterprise operators, and in this study, the dependent variable is the performance of SMEs while independent variables are managerial factors, workplace factors, and entrepreneurial factors. To achieve the objectives of the study, 199 sample micro and small enterprises are selected from the 395 target populations. It used an explanatory design with stratified and simple random sampling techniques. The study employed descriptive and inferential statistical data analysis methods. The finding shows that the independent variables managerial factors and workplace-related factors have a positive and significant effect on small business performance in the study area. Also, there is an insignificant relationship between entrepreneurial factors and the dependent variable.

John Labatt Blows In and Out of the Windy City: A Case Study in Entrepreneurship and Business Failure, 1889–1896

The Labatt brewery of London, Ontario, just 200 kilometres from the Canada–United States border, was the first Canadian brewery to attempt a strategic expansion into the United States. The paper examines the reasons why John Labatt decided to expand into the United States at the end of the nineteenth century. It analyzes both the “push” and “pull” factors that caused him to attempt to sell his ales, porters, and stouts in Chicago. The paper argues that while entrepreneurial factors played a central role in Labatt’s geographic expansion into the United States, structural factors were more important as a factor in the ultimate inability of Labatt to capture a share of the Chicago market.

An Empirical Analysis of the Factors Influencing Social Entrepreneurship: A Gendered Approach

Purpose: This study examines how entrepreneurial ecosystem factors (entrepreneurial finance, entrepreneurial education, physical and commercial infrastructure, culture, and R&D transfer activities) shape social entrepreneurial activities (SEA) of men and women. Design/methodology/approach: Panel data from 35 countries are examined through General Methods of Moments (GMM) with Arellano Bond tests for the period of ten years (2005-2014). Findings: Our results indicate that women are more likely to get involved in creation of social ventures. Further, the selected six entrepreneurial factors modify SEA in a significantly different manner for both genders. Originality/value: Based on this analysis, this study is the first to provide deeper insights for improving the assessment of social entrepreneurial activities in efficiency and innovation driven economies within the entrepreneurial ecosystem.

Students Intention towards Entrepreneurship as a Career among Final Year Engineering Students in Puducherry

Purpose: The purpose of this paper is to study the intention of students towards entrepreneurship as a career choice. This paper aims to determine the impact of various factors on entrepreneurial intention among final year engineering students.Design / Methodology / Approach: A structured questionnaire was administered to 120 final year engineering students in Pondicherry. The data is obtained analyzed using a logistic regression model. The relationship between the significant factors was also examined using the chi-square test.Findings: The authors find from the estimation of this paper shows that different entrepreneurial factors like family, environment and curriculum are not creating any impact on student’s entrepreneurial intention. Thus our education system needs to provide better habitat for creating new entrepreneurs.Originality / Value: This paper presents an interesting viewpoint on the intention of students towards starting a new business. Students were not getting proper entrepreneurial education in colleges and universities. All the data collected was original.