Entrepreneurial and Small Business Operations Commons^™

Overconfidence: A Common Psychological Attribute Of Entrepreneurs Which Leads To Firm Failure, Robert Paul Singh

New England Journal of Entrepreneurship

Purpose – There has been significant growth in entrepreneurship research over the past several decades. Yet with all of the knowledge gained and presumably improved training of would-be entrepreneurs, firm failure rates remain persistently high. It is argued here that the historical and continued research focus on successful entrepreneurs has limited the field. Entrepreneurs are often considered to possess uniquely positive capabilities relative to the general population; this paper explores the possibility that the majority of entrepreneurs suffer from overconfidence and that this leads most entrepreneurs to make “bad bets” that result in underperformance and firm failure. Design/methodology/approach – In …

Adding A Strategic Lens To Feasibility Analysis, Gregory Berry, Kareem M. Shabana

New England Journal of Entrepreneurship

Purpose – Traditional feasibility analysis is focused on the immediate and urgent needs of a new venture start-up. All four parts of the feasibility analysis (product/service, industry/market, organizational, and financial) are valuable and essential, but what is missed is a part that provided attention to the longer-term requirements for success and sustainability. A fifth strategic feasibility analysis is needed, focused on the long-term sustainability of the new venture. This strategic/contingent context-dependency lens considers the organization’s long-term survival, confirming that organizational success depends on the new venture’s ability to emphasize its uniqueness and fit with its external environment. Design/methodology/approach – This …

The Role Of Leadership In Business Model Innovation: A Case Of An Entrepreneurial Firm From India, Abrar A. Saiyed

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to explore the relationship between leadership and business model innovation (BMI) in an entrepreneurial firm. From the literature, it was found that the role of a leader in BMI was unexplored. A research framework was created which was the replication of the model created showing the relationship between leadership and innovation. Design/methodology/approach – The qualitative single in-depth case study was used to understand the effects of leadership in BMI. The case of an entrepreneurial firm in the graphic and animation education sector from India was chosen to test the research framework. The …

Business Model Innovation: A Review And Research Agenda, Boumediene Ramdani, Ahmed Binsaif, Elias Boukrami

New England Journal of Entrepreneurship

Purpose – The aim of this paper is to review and synthesise the recent advancements in the business model literature and explore how firms approach business model innovation. Design/methodology/approach – A systematic review of business model innovation literature was carried out by analysing 219 papers published between 2010 and 2016. Findings – Evidence reviewed suggests that rather than taking either an evolutionary process of continuous revision, adaptation and fine-tuning of the existing business model or a revolutionary process of replacing the existing business model, firms can explore alternative business models through experimentation, open and disruptive innovations. It was also found …

Corporate Entrepreneurship Of Emerging Market Firms: Current Research And Future Directions, Irem Demirkan, Qin Yang, Crystal X. Jiang

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to examine the current state of corporate entrepreneurship (CE) of emerging market firms (EMFs) and provide direction for future research on the topic. Design/methodology/approach – The authors specifically review the recent literature between the years 2000 and 2019 on CE with the keywords “corporate entrepreneurship,” “emerging economies” and “emerging countries” published in the Australian Business Deans Council list journals. The authors review the existing literature about CE in emerging markets, summarize current achievements and present an agenda for future research. Findings – Based on the review, the authors categorized the macro and …

Knowledge Transfer And Boundary Conditions: A Study Of Smes In Business Incubation Centers In China, Juana Du, Rong Wang

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to examine innovative practices and emphasize the mechanism of knowledge transfer across knowledge boundaries. By comparing and discussing the emerging boundary issues in knowledge transfer among small- and medium-sized enterprises (SMEs) registered in the incubation centers in China, this paper identified the main knowledge transfer approach and several contextual and organizational factors impacting knowledge transfer. Design/methodology/approach – The authors conduct 39 semi-structured in-depth interviews with employees working within business incubation centers in China. The study uses thematic analysis for data analysis. Findings – Our results contribute to the literature of knowledge transfer …

The Impact Of Social Dominance Orientation On Female Entrepreneurial Intention, Jeffrey Muldoon, Carol Lucy, Sheryl Lidzy

New England Journal of Entrepreneurship

Purpose – Understanding the factors that influence entrepreneurs throughout the entrepreneurial process has been a vital topic of entrepreneurial research. Despite societal changes, male entrepreneurs still outnumber females. The purpose of this paper is to develop a greater grasp on the factors that contribute to this phenomenon. Design/methodology/approach – Utilizing social dominance theory and social cognition theory, the authors suggest that a female entrepreneur’s social dominance orientation (SDO) and mentorship experiences will influence her social and conventional entrepreneurial intention. Findings – The authors’ theorizing suggests SDO can lower entrepreneurial self-efficacy which in turn can lower conventional entrepreneurial intentions but increase …

The Moderating Effect Of Founding Assets On The Founders’ Human Capital: New Venture Growth Relationship, Yang Xu

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to investigate into the conditions under which founders’ human capital (HC) benefits new venture growth (NVG). One such condition is investigated in this study – initial assets at founding. Specifically, founding assets are hypothesized to moderate the relationship between founders’ HC and NVG. Design/methodology/approach – The longitudinal panel database from the Kauffman Firm Survey for the period 2004–2011 was used to test the hypotheses. The final sample consisted of 4,923 firms, with 34,461 observations made over seven years. Findings – The regression analysis found the effect of founders’ HC on NVG and …

Unleashing The Potential Of University Entrepreneurship Education: A Mandate For A Broader Perspective, Donna M. De Carolis, Barrie E. Litzky

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to highlight the ways in which traditional views of entrepreneurs and entrepreneurship have inadvertently limited entrepreneurship education. The authors propose a broader view of what it means to be an entrepreneur and describe a disruptive approach to entrepreneurship education, one that centers around building students’ entrepreneurial mindset. By tapping into students’ “inner entrepreneur” and nurturing their abilities to think and act creatively, embrace failure, effect change and be resilient, the authors are preparing them for the challenges of the twenty-first century labor market. Design/methodology/approach – This is a perspective paper about how …

Editorial: Entrepreneurship And Innovation In A Global Context, Chun (Grace) Guo, Crystal X. Jiang

New England Journal of Entrepreneurship

Ever since Sir Tim Berners-Lee invented the World Wide Web in 1989, the world is revolutionized in ways of communications and social networking. Now technology advancement drives transformation around the world with fastened speed of globalization, allowing more companies achieving globalization and recognize cross-cultural, cross-national, cross-disciplinary opportunities to create new value-added activities. Technology advancement such as the fourth industrial revolution will inevitably transform the ways in which we live, work and interact with one another. As such, we need to embrace technology changes and examine the evolving domain of international entrepreneurship (IE) research and identify where the gaps are in …

The Role Of Networking, Entrepreneurial Environments, And Support Systems In The Creation, Survival And Success Of Ventures Founded By Women, Minority, And Immigrant Entrepreneurs, Sherrhonda Gibbs, Robert P. Singh, John S. Butler, Crystal Scott

New England Journal of Entrepreneurship

This Special Issue sought to develop new theories or expand on existing paradigms and perspectives on how social networks, entrepreneurial environments/ecosystems and support systems of minority, women and immigrant entrepreneurs’ (MWI) impact new venture creation and entrepreneurial processes, such as opportunity recognition, resource acquisition, venture success and survival. An expansive examination of the entrepreneurship literature elucidated the need for studies on support systems, entrepreneurial ecosystems as attributing factors to MWI venture creation, survival and success.

Consequently, the editors devised a call for papers requesting that authors explore new perspectives and paradigms incorporating environmental conditions that impact MWI’s, and the role …

Founding Team Experience, Industry Context, And New Venture Creation, Jun Li, Dev K. Dutta

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to examine the role of founding team experience (industry and venturing) in new venture creation. This paper posits the following questions: How does founding team experience influence the likelihood of new venture creation, in the nascent stage? How does industry context moderate this relationship? The study aims to fill an important gap in the literature by unpacking the impact of different types of founding team experiences on venture outcome, and by focusing on the influence of founding team in the venture creation process, specifically at the nascent stage.

Design/methodology/approach – The paper …

Black Vs White Owned New Venture Performance: A Study Of Mediating Effects, Mayank Jaiswal

New England Journal of Entrepreneurship

Purpose: The purpose of this paper is to move beyond individual level characteristics of founders to explain the performance gap between white and black majority owned new ventures. It specifically investigates three potential mediators: demographic characteristics of venture’s location, financial size of the venture and its credit riskiness.

Design/methodology/approach: The Kauffman Firm Survey, a longitudinal data set of 4,928 new ventures started in the USA in 2004, has been utilized in this paper. Pooled OLS and Logit regression models were employed for direct effects. Mediation effects were tested using two different approaches: the Baron and Kenny approach and decomposition analysis. …

Immigrant Entrepreneurs In The Usa: A Conceptual Discussion Of The Demands Of Immigration And Entrepreneurial Intentions, Yemisi Freda Awotoye, Robert P. Singh

New England Journal of Entrepreneurship

Purpose: Given the growing number of immigrant entrepreneurs in the USA, the purpose of this paper is to better understand the behaviors of this subgroup of entrepreneurs. Specifically, the paper aims to understand the unique challenges faced by immigrant entrepreneurs and how environmental challenges affect decisions to grow or abandon their ventures.

Design/methodology/approach: To make the theoretical arguments in this conceptual paper, the authors draw on the theory of planned behavior developed by Ajzen (1985), which suggests that a person’s behavior is predicted by their intention, and intentions are predicted by one’s attitudes, subjective norm and perceived behavioral control.

Findings: …

The Influence Of Emotional Carrying Capacity And Network Ethnic Diversity On Entrepreneurial Self- Efficacy: The Case Of Black And White Entrepreneurs, Golshan Javadian, Tina R. Opie, Salvatore Parise

New England Journal of Entrepreneurship

Purpose: One key determinant of entrepreneurial success is entrepreneurial self-efficacy (ESE), defined as an individual’s confidence in his or her ability to perform entrepreneurial tasks. Whereas previous research has examined how individual and business factors influence ESE, the purpose of this paper is to analyze the influence of entrepreneurs’ social networks upon ESE. The paper examines such relationships for black and white entrepreneurs.

Design/methodology/approach: In total, 110 black and white entrepreneurs responded to a survey measuring ESE and critical constructs representing elements of the quality of entrepreneurs’ networks: emotional carrying capacity (ECC) and network ethnic diversity.

Findings: The authors found …

(How) Does 360-Degree Feedback Benefit The Field Of Entrepreneurship?, Chao Miao, Ronald H. Humphrey, Shanshan Qian, In-Sue Oh

New England Journal of Entrepreneurship

Purpose – Most of the studies in entrepreneurship depend on single-source rating methods to collect data on both predictors and criteria. The threat to effect sizes as a result of using single-source ratings is particularly relevant to psychology-based entrepreneurship research. Therefore, the purpose of this paper is to explore the prospects of applying 360-degree feedback to the field of entrepreneurship and to discuss a set of cases regarding how 360-degree feedback may boost effect sizes in entrepreneurship research.

Design/methodology/approach – A qualitative review of current literature was performed.

Findings – The review indicated that the effect sizes in psychology-based entrepreneurship …

Transnational Entrepreneurship, Social Networks, And Institutional Distance: Toward A Theoretical Framework, Kaveh Moghaddam, Elzotbek Rustambekov, Thomas Weber, Sara Azarpanah

New England Journal of Entrepreneurship

Purpose – Transnational entrepreneurship can be considered a new stream of research where migrant entrepreneurship and international business research fields intersect. The purpose of this paper is to offer a theoretical framework to address the following research question: How do transnational entrepreneurs (TEs) develop their competitive advantage to succeed in a global market?

Design/methodology/approach – Based on the strategic entrepreneurship approach and dynamic capability perspective, this paper suggests a theoretical framework to extend the understanding on how TEs may develop their competitive advantage to succeed in a global market.

Findings – The suggested theoretical framework exhibits how the social ties …

The Effects Of Entrepreneurial Orientation Dimensions On Performance In The Tourism Sector, Nicoletta Fadda

New England Journal of Entrepreneurship

Purpose – The purpose of this paper is to examine the influence of entrepreneurial orientation (EO) dimensions on firm performance in the tourism sector. The goal is twofold: on the one hand, the paper aims to test whether EO dimensions are still significant determinants of performance after controlling for possible confounding factors; on the other hand, it aims to address the question of which EO dimension exerts the strongest effect on performance.

Design/methodology/approach – A survey was carried out in the Sardinian accommodation sector in 2012 and 224 questionnaires were collected. The multidimensional EO constructs were adopted.

Findings – The …

To Be Or Not To Be An Ethnic Firm: An Analysis Of Identity Strategies In Immigrant-Owned Organizations, Diya Das, Eileen Kwesiga, Shruti R. Sardeshmukh, Norma Juma

New England Journal of Entrepreneurship

In this article, we develop a theoretical framework that draws on the concepts of liability of foreignness and social identity theory in the context of immigrant entrepreneurship.

Just A Lemonade Stand: An Introduction To Student Entrepreneurship, Alka Gupta, Vishal K. Gupta

New England Journal of Entrepreneurship

In this article, we define the concept of student entrepreneurship, delineate its domain, and demarcate its boundaries. We propose a preliminary typology of student entrepreneurship rooted in the works of three leading economists from the Austrian School of Economics

The Role Of Trust In Social Entrepreneurship: A Case Study Of Global Brigades, Laura Tack, Mark Simon, Ruihua Joy Jiang

New England Journal of Entrepreneurship

This article aims to begin filling this gap by utilizing a specific social entrepreneurship initiative to illustrate the role of trust in social entrepreneurship efforts.

New England Journal Of Entrepreneurship, Spring/Summer 2017

New England Journal of Entrepreneurship

No abstract provided.

The Effect Of Government Involvement On Chinese Firms' Corporate Entrepreneurial Activities: The Case Of Chinese Automobile Industry, Chun (Grace) Guo, Crystal X. Jiang, Qin Yang

New England Journal of Entrepreneurship

To fully understand corporate entrepreneurship (CE) of emerging markets, we propose a stage model to explore specific roles governments play that affect CE activities over time.

Relating Cultural Values With Opportunity Evaluation: Evidence From India, Banu Goktan, Alka Gupta, Subhendu Mukherjee, Vishal K. Gupta

New England Journal of Entrepreneurship

The link between social interaction and entrepreneurial activity has attracted considerable attention in the entrepreneurship literature. In this study, we focus on individual cultural values, shaped by interactions in the social space, as they relate to opportunity evaluation, a cornerstone of the entrepreneurial process. We test our predictions in India, a non-Western society that has sustained one of the highest rates of entrepreneurial activity in the world. Our findings suggest that value orientation of high power distance is negatively associated with opportunity evaluation whereas uncertainty avoidance, collectivism, and femininity are positively associated with opportunity evaluation.

Doing Well And Good: An Exploration Of The Role Of Mindfulness In The Entrepreneurial Opportunity Recognition And Evaluation Process, Louise Kelly, Marina Dorian

New England Journal of Entrepreneurship

The purpose of this conceptual paper is to integrate two previously disparate areas of research: mindfulness and the entrepreneurial process. This present study conceptualizes the impact of mindfulness on the choices entrepreneurs face. Specifically, the research theorizes the positive effects of mindfulness on the opportunity recognition process, including evaluation of entrepreneurs. Furthermore, we propose that metacognition mediates this relationship, and emotional self-regulation moderates it. This conceptual research also suggests that mindfulness is positively related to the ethical decision-making and opportunity recognition and evaluation. Finally, compassion is proposed as a factor that mediates the relationship between mindfulness and ethical choices in …

Catalyzing Social Innovation: Leveraging Compassion And Open Strategy In Social Entrepreneurship, Thomas Pittz, Laura T. Madden, David Mayo

New England Journal of Entrepreneurship

We implement an inductive, case study approach to explore the motivations and methods of five successful social entrepreneurs. Our findings show that founders noticed, felt, and responded to someone else’s pain, demonstrating compassion as the genesis of the business venture. Successful social innovation, however, was the result of the creation of an organization structured to include diverse stakeholder input and participation in the decision-making process. Thus, compassion motivates entrepreneurs to pursue broad gains as opposed to singular interests and enhances a willingness to incorporate others’ ideas through an open-strategy process. Our study suggests that interaction with stakeholders can impact the …

New England Journal Of Entrepreneurship, Fall/Winter 2017

New England Journal of Entrepreneurship

No abstract provided.

Feasibility Analysis For The New Venture Nonprofit Enterprise, Gregory R. Berry

New England Journal of Entrepreneurship

This article explores the value of feasibility analysis for the pre-launch nonprofit enterprise. Similarities and differences between for-profit entrepreneurial ventures and nonprofit entrepreneurial ventures are outlined, and then the traditional format of feasibility analysis used by the entrepreneurial for-profit start-up is reviewed and analyzed. This four-stage analysis is then adapted to the needs of the nonprofit new venture enterprise. The benefits of doing a feasibility analysis for the nonprofit enterprise start-up are identified, and guidelines are suggested. An underpopulated research stream is identified and explained in this article for the start-up and early developmental phases of the nonprofit enterprise.

The Maturing Of Entrepreneurial Firms: Entrepreneurial Orientation, Firm Performance, And Administrative Heritage, Birton Cowden, Jintong Tang, Josh Bendickson

New England Journal of Entrepreneurship

A large body of research has exhibited the positive effect of entrepreneurial orientation (EO) on firm performance. However, research that attempts to explore what happens to high EO firms when they mature is sorely needed. Every firm establishes a heritage over time that impacts future capabilities. In the current research, we build on the international business literature to examine how a firm’s administrative heritage moderates the long-term effects of the EO-performance relationship, examined through the firm’s asset specificity, founder tenure, and home culture embeddedness. From this, implications are derived for EO retention and the firm’s awareness of administrative heritage and …

Inquiring Into Entrepreneurial Orientation: Making Progress, One Step At A Time, Vishal K. Gupta, Dev K. Dutta

New England Journal of Entrepreneurship

As we think through the four papers that comprise this special issue, we cannot help but be elated at the progress made by "entrepreneurial orientation" (EO) scholarship over the past few decades. Indeed, it seems safe to contend that EO defies the description of entrepreneurship research as a “hodgepodge” (Shane & Venkataraman, 2000), and instead serves as a good example of how a cumulative body of knowledge should develop in organizational science.