Strategic Entrepreneurial Agency in Emerging Markets

Alvi, Farzad Haider; Carsrud, Alan L.

doi:10.1177/0971355716677394

Cited by 6 publications

(7 citation statements)

References 99 publications

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“…In turbulent, difficult and even counter-intuitive contexts, LSM can become even more impactful, just like the boundary conditions identified in our study. For example, Alvi & Carsrud (2017) study entrepreneurs in international, emerging markets and set out the construct of strategic entrepreneurial agency which is the individual agency of entrepreneurs, who in responding to the challenging institutional contexts of emerging markets improvise impromptu strategies to exploit unexpected opportunities where others see none. They are involved in creating market knowledge in entrepreneurial ways when they have little to no pre-existing knowledge.…”

Section: Practical Implicationsmentioning

confidence: 99%

Making the lean start-up method work: The role of prior market knowledge

Cock

Bruneel

Bobelyn

2020

Journal of Small Business Management

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A large majority of growth-oriented ventures extensively uses venture experimentation popularized by the lean start-up method, yet we know very little about the boundary conditions under which this method can be successful. Using a longitudinal multiple case study method, we investigate how growth-oriented ventures apply the lean start-up method to achieve early venture success. We find that the presence of prior market knowledge is an important boundary condition for successfully applying the lean start-up method. We also contribute to the absorptive capacity literature by clarifying how new ventures build absorptive capacity early in their venture lifetime.

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Section: Practical Implicationsmentioning

confidence: 99%

Making the lean start-up method work: The role of prior market knowledge

Cock

Bruneel

Bobelyn

2020

Journal of Small Business Management

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“…Thus, in terms of practice, even entrepreneurs with a highly developed IEO would be well served to delve into the post-colonial antecedents of a country to understand the risk factors of the institutional context. Sanitized, one-size-fits-all strategies in emerging markets are rife with risk (Khanna et al , 2005) and the notion of strategic entrepreneurial agency is required to pick apart the context to develop an appropriate strategy for that context (Alvi and Carsrud, 2017). An additional consideration for practice is that crises, whether political, economic or health pandemics, are recurring.…”

Section: Discussionmentioning

confidence: 99%

International entrepreneurial orientation amidst post-colonial upheaval: entrepreneurs during the Hong Kong Umbrella Revolution

Alvi

2020

cpoib

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Purpose This paper examines the internationalization response of entrepreneurs in Hong Kong to the institutional upheaval of the Umbrella Revolution (UR), analyzed through the lens of post-colonial theory. Design/methodology/approach Inductive methods are applied to interview data on dimensions of ethnic background (local Chinese, regional Chinese and British expatriates) and geographical scope of business (Hong Kong only or global). The analysis consists of first-order concepts, second-order themes and aggregate dimensions which link the results to post-colonial theory and international entrepreneurial orientation (IEO). Findings Amongst informants with a high international entrepreneurial orientation (IEO), strategy response to upheaval is highly influenced by ethnic background and geographical flexibility in a post-colonial context. Applying Bhabhaian post-colonial theory, the Hong Kong UR is found to be a liminal space, where internationalization strategy in response to upheaval belies subconscious, ethics-laden constructions of post-colonial identity, manifesting in counterintuitive ways. Originality/value This paper addresses the paucity of studies on liminality and entrepreneurship and on how IEO responds to acute uncertainty in the business environment. Further, IEO is found to be an individual rather than a firm-level construct. Finally, a post-colonial theory is considered in a larger context of liminality and how the transitional self of entrepreneurs comes to terms with institutional upheaval.

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“…First and foremost, the issue of information asymmetry as a principal-agent problem between two related parties has largely been stressed in some literature [29][30][31][32]. However, little has been done to extend this notion of agency theory to the relationship between entrepreneurial firms and potential investors [21], particularly in the area of informal entrepreneurship-investor nexus.…”

Section: Review Of Literaturementioning

confidence: 99%

Informality and Entrepreneurship in Developing Economy: Case for Entrepreneurial Financing

Omotosho¹

2021

Accounting and Finance Innovations

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Over a decade ago, scholars in different domains of knowledge such as strategic management, economics, accounting, and finance have largely contributed to the theoretical and empirical studies of entrepreneurial financing. However, bridging of the domains or the theories that underly the domains, and expanding the frontier of the phenomenon in the context of informal entrepreneurship, are missing in the literature. This paper attempts to conceptualise and problematise various issues that confront informal sector entrepreneurship in accessing adequate financing for start-up opportunity, innovative products, services and technology in the informal markets, and explore how the ambiguity of the diverse domains of knowledge of entrepreneurial financing could be resolved by unifying and integrating the domains within a unique framework. Equally, this paper also aims to provide theoretical contributions to the extant literature of entrepreneurial financing by suggesting how management accounting research can bridge the gaps of informality problems that confront informal entrepreneurial financing. There is no doubt that informal businesses are saddled with legitimacy concerns such as non-conformity with legality and institutionalised policies. Similarly, the sector is also confronted with the issues of information asymmetry, moral hazard conflict, informal financial and ownership structure. Nonetheless, the informal entrepreneurship sector unarguably has a relevance to the opportunity discovery and innovativeness dimensions of entrepreneurial orientation, with the consequence of positive contributions to the economy in terms of large-scale employment growth. Hence, the scholars in the accounting discipline can leverage on the emerging different financial technology and fund providers to expand the literature on how the untold hardships and complexity that surround the funding of informal entrepreneurial start-ups and innovation can be mitigated. Management accounting discipline, being an applied field of strategic management can play vital roles in mitigating the aforesaid problems of informal entrepreneurship funding, if it could focus on expanding the literature or methodology on goal congruence, information management and controls, financial contracting model, incentive modelling for regulatory policy and search and match model that focuses on informal entrepreneur, investors and financial intermediaries.

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Strategic Entrepreneurial Agency in Emerging Markets

Cited by 6 publications

References 99 publications

Making the lean start-up method work: The role of prior market knowledge

Making the lean start-up method work: The role of prior market knowledge

International entrepreneurial orientation amidst post-colonial upheaval: entrepreneurs during the Hong Kong Umbrella Revolution

Informality and Entrepreneurship in Developing Economy: Case for Entrepreneurial Financing

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