Entrepreneurship in the Street Food Sector of Vietnam-Assessment of Psychological Success and Failure Factors

Hiemstra, Annemarie M. F.; Kooy, K.G. van der; Fresé, Michael

doi:10.1111/j.1540-627x.2006.00183.x

Cited by 46 publications

(35 citation statements)

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“…Empirical studies show consistently that the reactive approach is highly negatively related to success, whereas complete planning and critical point planning are positively related to success (e.g., Frese 2000, Hiemstra et al 2006. There is less empirical work on opportunistic planning, but unpublished data suggest that its correlation with success depends upon environmental conditions.…”

Section: Business Planningmentioning

confidence: 99%

The Psychology of Entrepreneurship

Fresé

Gielnik

2014

Annu. Rev. Organ. Psychol. Organ. Behav.

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In this review of the psychology of entrepreneurship, we first present meta-analytic findings showing that personality dimensions, such as (general) self-efficacy and need for achievement, and entrepreneurial orientation are highly associated with entrepreneurship (business creation and business success). We then discuss constructs that were developed within entrepreneurship research, such as entrepreneurial alertness, business planning, financial capital as resources, and entrepreneurial orientation, and how they can be better understood by taking a psychological perspective. Next, we elaborate how traditional psychological constructs have been utilized in entrepreneurship and how this may enhance our knowledge in industrial and organizational psychology (with respect to, for example, knowledge, practical intelligence, cognitive biases, goals and visions, personal initiative, passion, and positive and negative affect). Finally, we provide an overall framework useful for the psychology of entrepreneurship, and implications for future research.

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Section: Business Planningmentioning

confidence: 99%

The Psychology of Entrepreneurship

Fresé

Gielnik

2014

Annu. Rev. Organ. Psychol. Organ. Behav.

Self Cite

627

490

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“…Consequently, the 32-year-long experience of central planning in Vietnam ended-up with the emergence of a young entrepreneurial class devoid of business experience in either domestic or international markets (Abrami, 2003;Tran-Nam and Pham, 2003;Hiemstra et al, 2006;Gutterman, 2011). Modern Vietnam inherited from the communist one-party political system many institutional constraints, with complex administrative regulation, excessive bureaucracy, and frequent changes in requirements increasing the risk and cost of doing business for private entrepreneurs.…”

Section: Overview Of the Vietnamese Case And Data Descriptionmentioning

confidence: 99%

Capital constraints and the performance of entrepreneurial firms in Vietnam

Tran

Santarelli

2013

Industrial and Corporate Change

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Entrepreneurship has been among the key driving forces of the emergence of a dynamic private sector during the recent decades in Vietnam. This article addresses for Vietnam the questions "how capital constraints affect the performance of family firms" and "how entrepreneurs' human and social capital interact with capital constraints to leverage entrepreneurial income." A panel of 1721 firms in 4 years is used. Results are consistent with the resource dependency approach, indicating an adverse effect of capital constraints on firm performance: firms suffering capital constraints perform substantially better, suggesting that they need more capital simply to finance newly recognized profit opportunities.Human capital plays a vital role in relaxing capital constraints and improves the entrepreneurial performance, whereas the effect of social capital stemming from strong ties and weak ties is limited: strong ties bring emotional support and weak ties give nonfinancial benefits from regular and useful business contacts.Advanced econometric analysis tools to take into account the endogeneity of capital constraints are used to establish relationships among relevant variables.JEL classification: G24, L26, L25, L14.

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“…Whereas previous research showed that access to financial resources in the form of direct government support was critical to the survival and growth of SMEs in Vietnam (Hansen et al 2004), or that certain types of strategies used were related to the formulation of micro-businesses in Vietnam (Hiemstra, van der Kooy, and Frese 2006), few scholars have considered the influence of entrepreneurial values and motives on Vietnamese SME success. Th erefore, we conducted two exploratory studies to address this issue.…”

Section: Introductionmentioning

confidence: 99%

Examining Personal Values and Entrepreneurial Motives of Vietnamese Entrepreneurs in the 21st Century: Two Empirical Studies

Nguyen¹,

Nguyen²

2008

Afr Asian Stud

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In Study 1, Vietnamese entrepreneurs (N = 17) were surveyed about their personal values and motives as well as their business outcomes. We found that Vietnamese entrepreneurs' top five life goals included happiness, a sense of accomplishment, a comfortable life, family security, and national security. Th ey endorsed instrumental values such as intellectual, capable, responsible, self-controlled, and honest. Th eir values were to some extent similar to those of American counterparts as reported in Fagenson's (1993) study. Among entrepreneurial motives reported, there were some non-economic ones which lent credence to the concept that Vietnamese entrepreneurial motives were multi-dimensional. In Study 2, we used the "grounded theory" approach (Locke, 2001) to induce a conceptual framework of Vietnamese entrepreneurial motives from interview data (N = 9). As predicted, we found that Vietnamese entrepreneurs mainly founded their businesses (1) to meet market demands; (2) to gain control over their work and/or financial aspects; (3) to lift others off unemployment, and (4) to pursue a desire or fulfill their capability.

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Entrepreneurship in the Street Food Sector of Vietnam-Assessment of Psychological Success and Failure Factors

Cited by 46 publications

References 1 publication

The Psychology of Entrepreneurship

The Psychology of Entrepreneurship

Capital constraints and the performance of entrepreneurial firms in Vietnam

Examining Personal Values and Entrepreneurial Motives of Vietnamese Entrepreneurs in the 21st Century: Two Empirical Studies

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