Abstract:This conceptual study describes an approach to corporate entrepreneurship using an outsider perspective -learning to think like an outsider. Three propositions using this perspective are examined in the context of offensive and defensive corporate entrepreneurship. The impact of market conditions on entrepreneurship are used as a basis for developing these propositions. Finally, we investigate the factors that have a significant impact on the success of entrepreneurial efforts by the firm. These variables incl… Show more
“…Those who abandoned business after the SUC were occasionally composed by a rather homogenous team that generally perform better on routine tasks (Schjoedt & Kraus, 2009 ). Our findings highlight the importance for individuals with different backgrounds who are inexperienced in the entrepreneurial process to develop and stimulate thinking about thinking processes to learn to think like an outsider, an important condition for business growth and success (Ensign & Robinson, 2016 ). The empirical model of this study emphasizes an important transition toward a diversification of the entrepreneurial team and a better balance in the collective decision-making processes.…”
Section: Discussionmentioning
confidence: 80%
“…A third aggregate dimension refers to the capacity of nascent entrepreneurs to consider an outsiders’ perspective. An outsiders’ perspective is the process in which entrepreneurs learn to think like an outsider when thinking about their own business, a crucial condition for innovation, growth, and success (Ensign & Robinson, 2016 ). This is because the consideration of an outsiders’ perspective generates more alternatives during the decision-making processes.…”
This paper contributes to uncovering the role of metacognition in the decision-making process of entrepreneurs. Specifically, we analyze nascent entrepreneurs in their process of start-up development while relying on metacognitive processes. The experiences of a sample of new venture initiatives are explored in two distinct phases, a start-up competition and the subsequent launch of their venture. Following the Gioia protocol, the study contextualizes the process in which social capital reinforces metacognitive processes. This process stimulates nascent entrepreneurs to consider alternatives, such as extending expertise outside the start-up. Moreover, we find that these processes support entrepreneurs and their teams in improving their decision-making processes. The findings support that nascent entrepreneurs rely heavily on the input of others in their start-up creation process, and contribute to new empirical insights about entrepreneurial metacognition. A dynamic model in which these relationships emerge is developed. The study’s results contribute to a better understanding of the antecedents and consequences of metacognitive processes in nascent entrepreneurship.
“…Those who abandoned business after the SUC were occasionally composed by a rather homogenous team that generally perform better on routine tasks (Schjoedt & Kraus, 2009 ). Our findings highlight the importance for individuals with different backgrounds who are inexperienced in the entrepreneurial process to develop and stimulate thinking about thinking processes to learn to think like an outsider, an important condition for business growth and success (Ensign & Robinson, 2016 ). The empirical model of this study emphasizes an important transition toward a diversification of the entrepreneurial team and a better balance in the collective decision-making processes.…”
Section: Discussionmentioning
confidence: 80%
“…A third aggregate dimension refers to the capacity of nascent entrepreneurs to consider an outsiders’ perspective. An outsiders’ perspective is the process in which entrepreneurs learn to think like an outsider when thinking about their own business, a crucial condition for innovation, growth, and success (Ensign & Robinson, 2016 ). This is because the consideration of an outsiders’ perspective generates more alternatives during the decision-making processes.…”
This paper contributes to uncovering the role of metacognition in the decision-making process of entrepreneurs. Specifically, we analyze nascent entrepreneurs in their process of start-up development while relying on metacognitive processes. The experiences of a sample of new venture initiatives are explored in two distinct phases, a start-up competition and the subsequent launch of their venture. Following the Gioia protocol, the study contextualizes the process in which social capital reinforces metacognitive processes. This process stimulates nascent entrepreneurs to consider alternatives, such as extending expertise outside the start-up. Moreover, we find that these processes support entrepreneurs and their teams in improving their decision-making processes. The findings support that nascent entrepreneurs rely heavily on the input of others in their start-up creation process, and contribute to new empirical insights about entrepreneurial metacognition. A dynamic model in which these relationships emerge is developed. The study’s results contribute to a better understanding of the antecedents and consequences of metacognitive processes in nascent entrepreneurship.
“…Vivarelli () explains that the latter does not enter a new business because of market opportunities and innovative ideas, ‘but merely because they need an income to survive’ (p. 1454). In line with this, Ensign and Robinson () emphasize that defensive entrepreneurship is often undertaken in order to survive. Founding a new firm can thus be motivated by a defensive attitude such as the fear of becoming unemployed (Storey, ).…”
Section: Previous Studies On Entrepreneurial Activity Firm Age and mentioning
We aim to contribute to the literature on entrepreneurship by examining the relationship between firms' age and their use of highly skilled workers, measured by employees with higher education. A panel data set of Norwegian firms is used. Based on population-averaged panel data regression, we find that newly established firms have a higher proportion of highly skilled workers than incumbent firms. A sensitivity analysis shows that this result holds for different correlation structures in the panel data, different calculations of employees' age, and whether the explanatory variables are lagged in order to reduce the potential endogeneity of these variables. The result can be explained by the fact that the capital intensity is higher in newly founded firms than in incumbent firms and that the proportion of highly skilled workers is positively correlated with the capital intensity in firms.
“…Ireland et al (2003 p. 970) post that "an effective entrepreneurial culture is one in which new ideas and creativity are expected, risk-taking is encouraged, failure is tolerated, learning is promoted, product, process and administrative innovations are championed, and continuous change is viewed as a conveyor of opportunities." Corporate entrepreneurship ("intrapreneurship") success factors here include processes, values (meaning and identity), resources, organizational structure, culture and entrepreneurial leadership (Ensign and Robinson, 2016). Entrepreneurial characteristics such as proactiveness and autonomy are particularly relevant to financial performance and the entrepreneurial mindset of individuals such as senior managers amplifies entrepreneurial culture aspects in organizations (Shepherd et al, 2010), whereas organizational conservatism and limited cognitive diversity in senior management teams dampen radical innovation practices (Choi et al, 2018).…”
Section: Organization Design and Entrepreneurship Culturementioning
PurposeThe aim of this paper is to improve the understanding of strategies for how established companies can respond to disruptive innovation, handle increasing complexity, facilitate entrepreneurial culture and processes and successfully manage organizational ambidexterity.Design/methodology/approachA qualitative multiple-case study was conducted to explore successful practices of innovation ambidexterity (IA) and their organizational design, entrepreneurial culture and mindset, processes and leadership. Two internationally established firms that have launched and established IA programs provided deep insight, revealing their strategy and learning on the path toward effective IA.FindingsThe findings show that accepting and managing the inherent complexity increases within an ambidextrous organization strategy is a decisive factor in achieving effective IA. As a result, segmenting small organizational units and granting them extensive autonomy is proposed for managing the complexity of an organization while increasing its effectiveness. Furthermore, it is shown that this helps foster entrepreneurial culture, mindsets and processes as additional mediators for achieving effective IA. Coaching, empowerment and trust were identified as key factors of ambidextrous leadership values that encourage entrepreneurial behavior and decision-making.Originality/valueTo the best of the authors knowledge the first study connecting the research fields of complexity management, organizational ambidexterity theory and entrepreneurial culture while applying the fundamentals of systems theory to propose a practical management framework for successfully responding to disruptive innovation.
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