Creative Entrepreneurs’ Well-Being, Opportunity Recognition and Absorptive Capacity: Self-Determination Theory Perspective

Abstract

Recognizing the right opportunities is a key capability in the entrepreneurial process, and creative entrepreneurs’ well-being at work can strengthen their inherent motivation to absorb external knowledge for desirable outcomes. Well-being at work is pleasant judgments of positive attitudes or pleasant experiences, but previous research mainly regarded well-being as an outcome variable. Therefore, this study considers the role of well-being as a mediator conceptualized in physical, psychological, and social well-being dimensions in the opportunity recognition process. Based upon the self-determination theory, this study examines how creative entrepreneurs’ motivation, including creative thinking, self-efficacy, and relatedness, influences their well-being and further affects opportunity recognition. Results from a sample of 234 creative entrepreneurs in Taiwan show that well-being positively mediates the effect of relatedness on opportunity recognition capabilities and absorptive capacity. Moreover, creative thinking and self-efficacy are associated with relatedness, and further with well-being. The key findings suggest that well-being plays a critical role to stimulate motivation for further capability building. This study extends the self-determination theory by linking entrepreneurial motivation with well-being in the entrepreneurial opportunity seeking process.

Entrepreneurial Efficacy in Agricultural Sector of Pakistan

“…The current trend of processed meat, fruits and related items has increased the imports of such equipment manifold just like textile technology in Pakistan. Therefore, results of the study are indicative of the lack of interest and opportunity recognition in this particular sector by the potential entrepreneurs (Chen, Tseng & Teng, 2020).Results reveal that the highest effectual entrepreneurship is taking place in livestock and crop production sector of agriculture of Pakistan.…”

A systematic review on well-being and ill-being in working contexts: contributions of self-determination theory

“…While job (work) satisfaction is the most used indicator for well-being (used in nine samples), emotional exhaustion is the most employed measure of ill-being (employed in six samples). In addition, when specifically addressing well-being phenomena, 14 samples relied solely on hedonic manifestations (Ebersold et al, 2019;Eriksson and Boman, 2018;Giebe and Rigotti, 2020;Graves and Luciano, 2013;Kang and Yoo, 2019;Rayburn, 2014;Rouse et al, 2019, van Hooff andDe Pater, 2019), five samples relied on eudaimonic measures (Collie et al, 2015;Domenech-Betoret et al, 2015;Dose et al, 2019;Robijn et al, 2020;Elst et al, 2012) and 11 samples combined measures of both perspectives (Babenko, 2018;Chen et al, 2020;Desrumaux et al, 2015;Gatt and Jiang, 2020;Gillet et al, 2012Gillet et al, , 2019Ilardi et al, 1993;Meng, 2020;Shir et al, 2019;Slemp and Vella-Brodrick, 2013). When comparing the effect of BPN on hedonic and eudaimonic perspectives of well-being, the same pattern of associations was PR Well-being indicators Table 3.…”

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

“…Creative entrepreneurs pay more attention to their well-being because the creative process is itself a source of joy and stimulates more creative outputs through the process of opportunity recognition [6]. Despite the growing amount of interest in creativity and its relationship with other variables, studies are still scant on psychological well-being in the startup process.…”

“…The relationship between entrepreneurship and well-being is rarely discussed [6]. Based on the self-determination theory (SDT), a two-stage multi-path mediation model has been developed in which psychological autonomy mediates the relationship between entrepreneurship and well-being [7].…”