Examining the Role of Entrepreneurial Experience and Entrepreneurial Self-Efficacy on SMTE Performance

Hallak, Rob; Lindsay, Noël; Brown, Graham

doi:10.3727/108354211x13202764960744

Cited by 56 publications

(32 citation statements)

References 65 publications

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“…The relation between learned lessons and chance of success is also reflected through improved risk appetite and skills for implementing entrepreneurial plans (Hallak et al 2011;Audretsch and Link 2012), better appreciation of complexity and time lag to business success (Schoonhoven et al 1990), and enhanced commitment (Zahra et al 2008).…”

Section: Chance Of Success and Lessons From Others' Failuresmentioning

confidence: 99%

Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship

Vuong

2016

SSRN Journal

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Section: Chance Of Success and Lessons From Others' Failuresmentioning

confidence: 99%

Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship

Vuong

2016

SSRN Journal

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“…Therefore entrepreneurial experience and self-efficacy becomes critical for an entrepreneur to improve both risk appetite and skills to implement his/her entrepreneurship plan (Hallak, Lindsay & Brown, 2011). In the age of complex technological innovations and rising competition, the time taken to first sale tends to be lengthened due to complex process (Schoonhoven, Eisenhardt & Lyman, 1990).…”

Section: A Brief Literature Reviewmentioning

confidence: 99%

Resources, Experience and Perseverance in Entrepreneurs' Perceived Likelihood of Success in an Emerging Economy

Vuong

Do²,

Vuong

2016

SSRN Journal

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This paper introduces new results obtained from a statistical investigation into a 3071-observation data set collected from a Vietnamese nationwide entrepreneurship survey. From established relationships, such factors as preparedness, financial resources and participation in social networks are confirmed to have significant effects on entrepreneurial decisions. Entrepreneurs, both financially constrained and unconstrained, who have a business plan tend to start their entrepreneurial ventures earlier. Also, financial constraints have a profound impact on the entrepreneurial decisions. When perceiving the likelihood of success to be high, an entrepreneur shows the tendency for prompt action on business ideas. But when seeing the risk of prolonging the waiting time to first revenue, a prospective entrepreneur would be more likely to wait for more favorable conditions despite the vagueness of "favorable". Additionally, empirical computations indicate that there is a 41.3% probability that an extant entrepreneur who is generating revenue sees high chance of success. Past work and entrepreneurial experiences also have positive impacts on both the entrepreneurial decisions and perceived chance of success. Abstract:This paper introduces new results obtained from a statistical investigation into a 3071-observation data set collected from a Vietnamese nationwide entrepreneurship survey. From established relationships, such factors as preparedness, financial resources and participation in social networks are confirmed to have significant effects on entrepreneurial decisions. Entrepreneurs, both financially constrained and unconstrained, who have a business plan tend to start their entrepreneurial ventures earlier. Also, financial constraints have a profound impact on the entrepreneurial decisions. When perceiving the likelihood of success to be high, an entrepreneur shows the tendency for prompt action on business ideas. But when seeing the risk of prolonging the waiting time to first revenue, a prospective entrepreneur would be more likely to wait for more favorable conditions despite the vagueness of "favorable". Additionally, empirical computations indicate that there is a 41.3% probability that an extant entrepreneur who is generating revenue sees high chance of success. Past work and entrepreneurial experiences also have positive impacts on both the entrepreneurial decisions and perceived chance of success.

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“…Previous research has focused on business owners' characteristics and motivations (Dawson, Fountain, & Cohen, 2011;Getz & Carlsen, 2000), business performance (Haber & Reichel, 2005), management and employment practices (Friel, 1999;Strickland, 2011), implementation of environmental management systems (Chan, 2011), growth strategies (Webster, 1998), place identity (Hallak, Brown, & Lindsay, 2012b) entrepreneurial orientation (Jogaratnam, 2002), and entrepreneurial self-efficacy (Hallak, Assaker, & O'Connor, 2012;Hallak, Lindsay, & Brown, 2011).…”

Section: Introductionmentioning

confidence: 99%

Profiling Tourism Smes According to Owners' Support for Community: A Cluster Analysis Approach

Hallak¹,

Assaker²,

O’Connor³

2013

Tourism Analysis

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small businesses, with 93% of tourism enterprises in Australia employing fewer than 20 staff. Medium businesses (20-199 staff) comprise 6.5% of the sector, while large businesses (200 or more staff) represent only 0.5% (Tourism Research Australia, 2010). This is similar to other countries; for example, businesses with less than 100 staff account for 98% of This study profiles small and medium tourism enterprises (SMTEs) according to their level of support for local communities in order to investigate the relationship between such support and enterprise performance. Cluster analysis, chi-square, and MANOVA were used to explore data from 298 owners of SMTEs operating in South Australia. Results indicated that SMTEs are best grouped in two segments according to their level of support for community (Reluctants and Community Advocates). Segments can be differentiated by: 1) the number of family members working in the business; 2) the number of years the business has been in existence; 3) whether the owners have family members living in town; and 4) the type of business. Findings also demonstrate significant differences between segments in terms of business performance, with Community Advocates reporting greater levels of performance. As such, the findings have implications for scholars in tourism and entrepreneurial studies, and for tourism policy makers trying to support the sustainable development of regional tourism destinations.

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Examining the Role of Entrepreneurial Experience and Entrepreneurial Self-Efficacy on SMTE Performance

Cited by 56 publications

References 65 publications

Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship

Impacts of Geographical Locations and Sociocultural Traits on the Vietnamese Entrepreneurship

Resources, Experience and Perseverance in Entrepreneurs' Perceived Likelihood of Success in an Emerging Economy

Profiling Tourism Smes According to Owners' Support for Community: A Cluster Analysis Approach

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