Several studies have confirmed that growth ventures are often established and managed by teams rather than by a single person. However, despite the significance of their impact on their firms’ performance, relatively little is known about entrepreneurial (or venture) teams in terms of the processes of assembling and maintaining an effective team. Fourteen top teams were interviewed over the pas...

The O-Ring theory provides a framework to analyse the emergence of firms organized as partnerships. The ownermanagers of such entrepreneurial firms can benefit from ability matching within their production teams. However, they must also bear the project risk. Risk-aversion then induces a second-best solution. At the same time, integrated firms managed on behalf of risk-neutral residual-claimant...

We test the theory that personal financial resources are an important factor in becoming an entrepreneur. Using data from the Panel Study of Entrepreneurial Dynamics (PSED), we examined the role of financial resources (e.g., household income and wealth) and human capital (e.g., education, prior work and entrepreneurial experience, and influence from family/friends) on the decision to become an ...

This article reviews and critiques the opportunity discovery approach to entrepreneurship and argues that entrepreneurship can be more thoroughly grounded, and more closely linked to more general problems of economic organization by adopting the Cantillon-Knight-Mises understanding of entrepreneurship as judgment. The article begins by distinguishing among occupational, structural, and function...

despite wide-range of studies in the theories of the entrepreneurship field, few studies have offered a pervasive conceptual model or a general consensus of the existing theories. hence, this paper attempts to extend a comprehensive principle on entrepreneurship. in general, there are two common interpretations of the term ‘entrepreneurship’. one of the common views is schumpeterian, emphasizin...

To fulfill their growth aspirations, entrepreneurial ventures depend on shortterm, liquid sources of debt financing such as bank loans. However, because of the twin problems of information asymmetry and moral hazard, banks make their lending decisions by considering the venture’s creditworthiness score provided by private information exchanges. Using theoretical arguments grounded in venture fi...

Background Community pharmacy has been a lucrative area of practice for pharmacists in Jos, Nigeria, until about the turn of the millennium where a decline in viability of the business has been observed. Objective This study assessed the entrepreneurial skills of community pharmacists, the business performance of community pharmacies and the impact of their entrepreneurial skills on business ...

From the resource-based perspective, entrepreneurial orientation and market orientation are two separate but complementary strategic orientations that emphasize the business philosophy and behavior in proactively detecting industrial environment, including market information and competitors strategy, in order to innovate and respond to the customers needs timely. Empirical studies have separate...

ACADEMIC ABSTRACT A contingency based model shows that firm performance for technology services organizations (TSOs) is positively related with entrepreneurial autonomy and technology intensity; and negatively related with environmental hostility. Further, firm size is found to have a moderating effect on the relationship of TSO performance with entrepreneurial autonomy, technology intensity an...

In contrast to traditional strategic approaches that are based on complexity reduction, this paper aims to develop an alternative way of understanding entrepreneurial strategy and managing complexity from a processual perspective. The new perspective is developed from a processual perspective integrating insights from an understanding of complexity to engage with philosophical accounts of Chine...