Global entrepreneurship research and practice in the post‐pandemic world

Ratten, Vanessa

doi:10.1002/joe.22224

Cited by 2 publications

(2 citation statements)

References 29 publications

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“…While there is a growing interest among academics to contribute to the literature on entrepreneurship (Hossain et al., 2023; Knezović, 2024; Liao et al., 2023; Machado et al., 2023; Mishra & Pandey, 2023; Ratten, 2023a, 2023b), the research on necessity entrepreneurship remains fragmented due to the lack of a comprehensive approach. This study seeks to address the gaps in previous research and views recent crises as an opportunity for the growth of necessity entrepreneurship.…”

Section: Introductionmentioning

confidence: 99%

Necessity entrepreneurship: A journey from unemployment to self‐employment

Lim,

Bansal,

Kumar

et al. 2024

Glob Bus Org Exc

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This study provides a comprehensive examination of necessity entrepreneurship, a concept distinct from its counterpart, opportunity entrepreneurship. Necessity entrepreneurship emerges from the compelling need to address economic hardship or unemployment, contrasting with opportunity entrepreneurship, which is driven by the pursuit of new market opportunities. The backdrop of this study is anchored in the escalating unemployment crisis and its implications for sustainable economic growth and the attainment of sustainable development goals. Through an integrative review combining bibliometric–content analysis of 96 publications, following the PRISMA protocol, and a detailed case analysis of 10 globally recognized entrepreneurs who embarked on their ventures driven by necessity, this study unravels the critical factors fueling the rise of necessity entrepreneurship. The findings delineate the relationship between necessity and opportunity entrepreneurship, highlighting how an entrepreneurial orientation can serve as a pivotal link. This orientation not only mitigates the adverse effects of unemployment but also propels the economy toward sustainable growth, thereby contributing significantly to the sustainable development goals. The insights derived from this study traverse multiple domains including entrepreneurial orientation, socio‐economic factors, as well as innovation and digitalization, offering a granular perspective on business policy, entrepreneurial ecosystems, the disparate impacts on developed versus developing nations, and the role of innovation in dynamic entrepreneurship. Through a conceptual framework, this study elucidates how entrepreneurial orientation can effectively bridge the gap between the unemployment crisis and sustainable economic growth. Therefore, this study not only enriches the academic discourse on necessity entrepreneurship but also provides pragmatic insights for entrepreneurs, policymakers, and scholars, emphasizing the crucial role of entrepreneurship in navigating economic and social challenges.

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Section: Introductionmentioning

confidence: 99%

Necessity entrepreneurship: A journey from unemployment to self‐employment

Lim,

Bansal,

Kumar

et al. 2024

Glob Bus Org Exc

View full text Add to dashboard Cite

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“…Ratten (2023) describes the different areas that are found within the field of entrepreneurship and they include: artisan, creative, digital, education, gender, environmental, minority, and small business. The study found in this article seeks to add to the body of knowledge in the areas of minority and small business entrepreneurship.…”

Section: Introductionmentioning

confidence: 99%

Minority entrepreneurs and start‐up financing

Robinson

2023

Glob Bus Org Exc

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There is a need for additional research on minority entrepreneurs need to access start‐up funding to grow and sustain their businesses. The problem is access to financial capital is a constraint for minority entrepreneurs and negatively impacts their ability to stay in business. Minority borrowers face more difficult borrowing conditions than Caucasian entrepreneurs. The results from this case study demonstrated the pecking order theory and the resource base theory, and that there is no relationship between the source of the funding and the success and failure of 11 minority‐owned small business startups. Case study is an excellent research design for this study because it allows a researcher to investigate the lived experiences of individuals who have shared experiences of a particular event or condition. The results from this case study showed a majority of the research participants indicated that avoidance of debt is a primary motivating factor to use personal savings as a primary choice in funding their respective businesses. This article is designed to assist policymakers at both the state and federal government levels in better understanding how to provide accessible financing to these entrepreneurs. Also, this article is designed for all individuals who have started a business or may be thinking about starting a business to get a better understanding of the obstacles and motivations minority entrepreneurs encounter when attempting to find financing to start their businesses.

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Global entrepreneurship research and practice in the post‐pandemic world

Cited by 2 publications

References 29 publications

Necessity entrepreneurship: A journey from unemployment to self‐employment

Necessity entrepreneurship: A journey from unemployment to self‐employment

Minority entrepreneurs and start‐up financing

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