“…Planned behavior theory (TPB) was applied in order to explore the nature of individual drivers in innovation decision-making, using SEM for analysis. It has been found that TPB effectively explains the development of the decision-making processes and that, in accordance with previous studies [34,71] once more in Hungary, the positive attitude of business leaders towards innovation, the positive evaluation of the innovative products and processes together with the intention to market new products, has a positive relationship with the performance of the innovation.…”
Innovation plays a key role in the success and sustainable development of businesses. The innovation process derives from the combination of personal skills and company resources that influence food company managers in their choices on innovation (the decision-making process). This study is an attempt to try to understand which psychological constructs affect innovation decision-making in the Hungarian food sector, using the empirical data from a 2017 survey conducted in Hungary among the largest food processing companies. Planned behavior theory (TPB) was applied to the study of factors affecting innovation decision-making. Structural Equation Modeling (SEM) was used for data analysis. The results show that the positive attitude of Hungarian food business leaders towards innovation, evaluation of innovation and the strategic intention of placing innovative products and processes on the market have a positive relationship with innovation performance; however, the lack of adequate research skills, plus specific knowledge and skills is hindering the development of the hoped for process.
“…Planned behavior theory (TPB) was applied in order to explore the nature of individual drivers in innovation decision-making, using SEM for analysis. It has been found that TPB effectively explains the development of the decision-making processes and that, in accordance with previous studies [34,71] once more in Hungary, the positive attitude of business leaders towards innovation, the positive evaluation of the innovative products and processes together with the intention to market new products, has a positive relationship with the performance of the innovation.…”
Innovation plays a key role in the success and sustainable development of businesses. The innovation process derives from the combination of personal skills and company resources that influence food company managers in their choices on innovation (the decision-making process). This study is an attempt to try to understand which psychological constructs affect innovation decision-making in the Hungarian food sector, using the empirical data from a 2017 survey conducted in Hungary among the largest food processing companies. Planned behavior theory (TPB) was applied to the study of factors affecting innovation decision-making. Structural Equation Modeling (SEM) was used for data analysis. The results show that the positive attitude of Hungarian food business leaders towards innovation, evaluation of innovation and the strategic intention of placing innovative products and processes on the market have a positive relationship with innovation performance; however, the lack of adequate research skills, plus specific knowledge and skills is hindering the development of the hoped for process.
“…Younger entrepreneurs perceive more barriers than older entrepreneurs, in particular lack of experience, finance, skills, support, and market opportunities (Schoof, 2006;Brixiová, Ncube and Bicaba, 2015;Staniewskia and Awruk, 2015). This coincides with results of research indicating a correlation between age and business performance (Rai, 2008;Verdugo, 2018;Kirogo, Nyaboga, Marwa, Nyaanga and Waiguchu, 2018) showing that changes of a venture's success increase with experience.…”
Section: Human Capital Investment: Education and Experiencesupporting
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“…As stated by Damayanthi (2016), micro-entrepreneurship holds a strong potential for generating inclusive growth in developing countries. In this regard, according to Verdugo (2018), the implementation of training or coaching programs can contribute to increase cognitive complexity in micro-entrepreneurs and improve their ability to incorporate new ideas and adopt innovations (Verdugo, 2018). However, the success of micro-enterprises is not only dependent of the ability of the micro-entrepreneur, but also on other factors, such as sociodemographic circumstances, cultural environment, and the age groups of the entrepreneurs (Vial, 2011).…”
Entrepreneurship is widely acknowledged as a phenomenon of central importance in our society. Within the arena of entrepreneurship policy, a more specific trend has been an increase in recent years in informal entrepreneurship. Therefore, this article seeks to contribute to filling a knowledge gap in the entrepreneurship literature using empirical evidence to assess the impact of the implementation of the Individual Micro Entrepreneur Act on the formalization of small businesses in Brazil ten years after coming into force. Based on empirical data, our study provides evidence that this legislation is being used as a large-scale instrument for labor market deregulation. Additionally, we could also observe a strong increase in the number of Brazilian citizens officially registered as individual micro entrepreneurs, especially in urban areas and focusing on activities, such as hairdressers, manicures, pedicures, masonry works, and sales promotion.
Keywords: informal entrepreneurship; firm formalization; public policy; regional development; Brazil
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