Exceptionality in entrepreneurship: Systematically investigating outlier outcomes

Clark, Daniel R.; Crawford, G. Christopher; Pidduck, Robert J.

doi:10.1016/j.jbvi.2023.e00422

Cited by 8 publications

(2 citation statements)

References 69 publications

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“…Promising candidates for such enquiries would include, for example, knowledge spillovers (Audretsch & Keilbach, 2007), property rights protection (Autio & Acs, 2010), and venture capital (Lerner & Nanda, 2020). Related promising avenues for future research would be to take into account potential non-linearities as well as the role of non-normal distributions (e.g., power law distributions) and outliers when studying the antecedents of high-impact entrepreneurship (Clark et al, 2023;Crawford et al, 2015). Assessing the determinants of realized high-impact entrepreneurship -and contrasting these with the determinants of highgrowth expectations and opportunity-motivated entrepreneurship-presents a promising area for further research.…”

Section: Discussionmentioning

confidence: 99%

Realizing expectations? High-impact entrepreneurship across countries

Kleinhempel,

Estrin

2024

Small Bus Econ

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Comparative international entrepreneurship research has often used measures of high-growth expectations entrepreneurship to proxy for the construct of high-impact entrepreneurship. We revisit this practice by assessing the cross-country association between high-growth expectations and realized high-impact entrepreneurship to speak to construct measurement fit. We find that expectations are not a good proxy for realizations; they are associated with different determinants and outcomes, respectively. We go on to introduce the notion of entrepreneurial projection bias to gauge the misfit between expectations and realizations. Conditioning on entrepreneurial projection bias partially restores the association between realized high-impact entrepreneurship and its determinants (or outcomes) when realizations are proxied using expectations. Furthermore, we show that opportunity-motivated entrepreneurship also does not proxy well for high-impact entrepreneurship. Our analysis brings into question current survey-based approaches to measuring high-impact entrepreneurship and existing rankings of countries’ entrepreneurial performance, with important implications for entrepreneurship theory and policy.

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Section: Discussionmentioning

confidence: 99%

Realizing expectations? High-impact entrepreneurship across countries

Kleinhempel,

Estrin

2024

Small Bus Econ

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“…This limitation hampers their ability to fund or develop entrepreneurial ideas. Also, chemical engineering often emphasizes traditional career trajectories in established industries [32]. This dominant career perception might undervalue entrepreneurship, reducing students' inclination.…”

Section: Entrepreneurial Propensity Challenges Among Chemical Enginee...mentioning

confidence: 99%

Challenges and Drivers of Industrialist Propensity Among Chemical Engineering Students in STEM Institution in Zimbabwe: Towards A Conceptual Framework

Nkala,

Sibanda,

Ndhlovu

et al. 2024

Int. J. Environ. Eng. Educ.

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NUST in Zimbabwe grapples with a significant challenge. Despite enrolling many students in chemical engineering, the nation lacks operational industries. Consequently, graduates often encounter difficulties securing employment or attachment placements post-graduation. This underscores the critical need to foster student entrepreneurship, encouraging innovation and idea generation. The study employed a mixed-methods research design to address this issue, combining qualitative and quantitative methodologies. The quantitative aspect utilized a quasi-experimental pre-test and post-test design, while the qualitative component involved conducting focus group interviews with chemical engineering students in the experimental group. The findings from both approaches complemented each other, providing a comprehensive understanding of the factors influencing entrepreneurial propensity among NUST chemical engineering students. Data collection involved distributing research instruments and questionnaires to NUST students and individuals associated with the mining and pharmaceutical industries. The collected data were then entered into an Excel spreadsheet, allowing for the recording of respondents' numbers alongside their respective responses. The study applied descriptive statistics to evaluate responses and their alignment with research objectives, revealing barriers to entrepreneurial inclination among NUST chemical engineering students, such as limited resources, risk aversion, inadequate entrepreneurial education, and cultural norms. Students benefited from personal motivation, a supportive educational atmosphere, networking opportunities, and exposure to innovative ideas. These factors nurtured self-determination, social networking, and an entrepreneurial mindset. To foster entrepreneurial spirit among NUST chemical engineering students, the study suggests educational reforms, mentorship programs, and potential policy changes create an enabling environment, empowering students to pursue entrepreneurship and contribute to economic growth.

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Alert during what? Beyond the “Big O” to a culturally-cognizant, process view of entrepreneurial alertness

Pidduck,

Clark

2024

Asia Pac J Manag

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Entrepreneurial alertness is a psychological aptitude generally associated with aspects of nascent venturing, centered on individuals’ environmental observations, the association of resources, and idea evaluation. A decade following the Tang et al. (2012) consensus construct and scale, critiques remain questioning its utility and unique value to the major conversations in entrepreneurship. Proponents put great emphasis on entrepreneurial alertness’s proven association with opportunity recognition and entrepreneurial actions. Yet, critics suggest it might be an unnecessary step offering little more than a positive association with opportunity recognition in a highly generalized and static way. The purpose of this paper is to address this tension. We do so through a ‘steel man’ approach to these valid concerns. Further, we question the logic of limiting a cognitive construct to a singular event: ‘opportunity recognition’ for a new venture (which we term here, the “Big O”). Drawing on a comprehensive framework inclusive of the full entrepreneurship phenomenon, and integrating insights from cross-cultural psychology, we put forth the case for an ongoing culturally contextualized process perspective towards venturing where individuals are alert to and pursue opportunities (and cope with threats) continuously. This paper provides a new framework for delineating a theoretically grounded “what” and “when” of entrepreneurial alertness.

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Exceptionality in entrepreneurship: Systematically investigating outlier outcomes

Cited by 8 publications

References 69 publications

Realizing expectations? High-impact entrepreneurship across countries

Realizing expectations? High-impact entrepreneurship across countries

Challenges and Drivers of Industrialist Propensity Among Chemical Engineering Students in STEM Institution in Zimbabwe: Towards A Conceptual Framework

Alert during what? Beyond the “Big O” to a culturally-cognizant, process view of entrepreneurial alertness

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