Pub Date : 2020-08-28DOI: 10.1504/ijev.2020.109592
Sinta Aryani, S. Wiryono, Deddy P. Koesrindartoto, Prameshwara Anggahegari
Given the limitations of SMEs and the rigid requirements of financial institutions, this paper evaluates the bridge which connects those ends. The purpose of the paper is to find smooth connections between SMEs and financial institutions in order to enhance the quality credits given to SMEs. The literature came from qualified international academic journals and papers, reports from prominent global institutions, and reports from the Indonesian government which are related to their policies towards SMEs and financial institutions. Comparisons were made among countries around the world regarding the policies applied to their SMEs and financial institutions. This paper looks specifically at the global challenges related to Indonesian SMEs to reach sustainable growth. Collaborations between the government, financial institutions, and SMEs are needed. The roles of financial inclusion, financial literacy, innovation lending, and the government are important measures to support SMEs' developments.
{"title":"Global competition strategies for Indonesian SMEs","authors":"Sinta Aryani, S. Wiryono, Deddy P. Koesrindartoto, Prameshwara Anggahegari","doi":"10.1504/ijev.2020.109592","DOIUrl":"https://doi.org/10.1504/ijev.2020.109592","url":null,"abstract":"Given the limitations of SMEs and the rigid requirements of financial institutions, this paper evaluates the bridge which connects those ends. The purpose of the paper is to find smooth connections between SMEs and financial institutions in order to enhance the quality credits given to SMEs. The literature came from qualified international academic journals and papers, reports from prominent global institutions, and reports from the Indonesian government which are related to their policies towards SMEs and financial institutions. Comparisons were made among countries around the world regarding the policies applied to their SMEs and financial institutions. This paper looks specifically at the global challenges related to Indonesian SMEs to reach sustainable growth. Collaborations between the government, financial institutions, and SMEs are needed. The roles of financial inclusion, financial literacy, innovation lending, and the government are important measures to support SMEs' developments.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"56 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89974018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-28DOI: 10.1504/ijev.2020.109542
L. Aldianto, C. Wirawan, G. Anggadwita, V. N. Rizqi
Creative industries capture new economic dynamics based on creativity, skills, and talents. Creative industries grow fast and contribute more to the national economic development. In order to sustain contributions to economic development, creative industries need to innovate productively. One way to encourage innovation is to foster co-creation by strengthening the effectiveness of creative industry relationships with stakeholders, such as the community, consumers, suppliers, and other creative industries, as well as to generate information and knowledge to support them. An integrated cluster will support industry efficiency; better facilities; infrastructure; amenities; services; as well as better protection of the environment and social relationships. Placing creative industries in an integrated cluster will provide better collaboration opportunities that will support co-creation to trigger innovation. This paper will provide a conceptual framework of an integrated symbiosis of creative industry clustering to foster their innovation toward sustainability and high performance using the value co-creation platform concept.
{"title":"Integrated clustering of creative industries to foster innovation: Bandung's creative industries","authors":"L. Aldianto, C. Wirawan, G. Anggadwita, V. N. Rizqi","doi":"10.1504/ijev.2020.109542","DOIUrl":"https://doi.org/10.1504/ijev.2020.109542","url":null,"abstract":"Creative industries capture new economic dynamics based on creativity, skills, and talents. Creative industries grow fast and contribute more to the national economic development. In order to sustain contributions to economic development, creative industries need to innovate productively. One way to encourage innovation is to foster co-creation by strengthening the effectiveness of creative industry relationships with stakeholders, such as the community, consumers, suppliers, and other creative industries, as well as to generate information and knowledge to support them. An integrated cluster will support industry efficiency; better facilities; infrastructure; amenities; services; as well as better protection of the environment and social relationships. Placing creative industries in an integrated cluster will provide better collaboration opportunities that will support co-creation to trigger innovation. This paper will provide a conceptual framework of an integrated symbiosis of creative industry clustering to foster their innovation toward sustainability and high performance using the value co-creation platform concept.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"4 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81614712","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-08-28DOI: 10.1504/ijev.2020.10031180
R. Astuti, T. Balqiah
Entrepreneurial marketing (EM) has been widely used as a term to differentiate the marketing practices of small and medium enterprises (SMEs) from established companies. As a variable, EM also attracts scholars to examine the concept deeper both in terms of instruments and methodology. This paper aims to develop an EM measurement that is appropriate for SMEs in Indonesia and construct an SME owner profile based on their EM orientation. This study was conducted both in qualitative and quantitative forms through a survey method. The 121 respondents were young SME owners. Based on an exploratory factor analysis (EFA), the results show that there are seven dimensions of EM, namely customer focus, innovativeness, value creation, opportunity focus, proactiveness, calculated risk taking, and resource leveraging. Furthermore, through a cluster analysis, this study also obtained the profiling of three groups of respondents based on the EM orientation level. Even though the definitions of SMEs are different in some countries, this study will identify EM in Indonesia as a developing country as being quite similar with EM in developed countries.
{"title":"Entrepreneurial Marketing Orientation of Young SMEs Owners in Indonesia","authors":"R. Astuti, T. Balqiah","doi":"10.1504/ijev.2020.10031180","DOIUrl":"https://doi.org/10.1504/ijev.2020.10031180","url":null,"abstract":"Entrepreneurial marketing (EM) has been widely used as a term to differentiate the marketing practices of small and medium enterprises (SMEs) from established companies. As a variable, EM also attracts scholars to examine the concept deeper both in terms of instruments and methodology. This paper aims to develop an EM measurement that is appropriate for SMEs in Indonesia and construct an SME owner profile based on their EM orientation. This study was conducted both in qualitative and quantitative forms through a survey method. The 121 respondents were young SME owners. Based on an exploratory factor analysis (EFA), the results show that there are seven dimensions of EM, namely customer focus, innovativeness, value creation, opportunity focus, proactiveness, calculated risk taking, and resource leveraging. Furthermore, through a cluster analysis, this study also obtained the profiling of three groups of respondents based on the EM orientation level. Even though the definitions of SMEs are different in some countries, this study will identify EM in Indonesia as a developing country as being quite similar with EM in developed countries.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"26 1","pages":"376-394"},"PeriodicalIF":1.5,"publicationDate":"2020-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85852178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-29DOI: 10.1504/ijev.2020.10029936
C. Nwankwo, M. Kanyangale
In Nigeria, many small and medium enterprises (SMEs) go moribund despite the efforts of government and other supportive agents. There is a dearth of entrepreneurial marketing (EM) models that address the problem of short-term survival of SMEs faced by owners or managers. This paper aims at evaluating extant literature and models on EM to propose a new and comprehensive model for research. In this pursuit, a background literature review on EM was conducted in several peer-reviewed journals to identify the evolution of EM and the milestones and the dimensions of EM and their significance in existing models in relation to the performance and survival of businesses. Nine key dimensions were identified, namely: innovativeness, proactiveness, calculated risk-taking, resource leveraging, customer intensity, value creation, market sensing, alliance formation and teamwork. Based on these dimensions, a new and exhaustive model of EM is proposed. This paper concludes that applying these EM dimensions to SMEs would significantly propagate success in an innovative and sustainable way.
{"title":"DECONSTRUCTING ENTREPRENEURIAL MARKETING DIMENSIONS IN SMALL AND MEDIUM-SIZED ENTERPRISES IN NIGERIA: LITERATURE ANALYSIS","authors":"C. Nwankwo, M. Kanyangale","doi":"10.1504/ijev.2020.10029936","DOIUrl":"https://doi.org/10.1504/ijev.2020.10029936","url":null,"abstract":"In Nigeria, many small and medium enterprises (SMEs) go moribund despite the efforts of government and other supportive agents. There is a dearth of entrepreneurial marketing (EM) models that address the problem of short-term survival of SMEs faced by owners or managers. This paper aims at evaluating extant literature and models on EM to propose a new and comprehensive model for research. In this pursuit, a background literature review on EM was conducted in several peer-reviewed journals to identify the evolution of EM and the milestones and the dimensions of EM and their significance in existing models in relation to the performance and survival of businesses. Nine key dimensions were identified, namely: innovativeness, proactiveness, calculated risk-taking, resource leveraging, customer intensity, value creation, market sensing, alliance formation and teamwork. Based on these dimensions, a new and exhaustive model of EM is proposed. This paper concludes that applying these EM dimensions to SMEs would significantly propagate success in an innovative and sustainable way.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"138 1","pages":"321"},"PeriodicalIF":1.5,"publicationDate":"2020-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73748247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-26DOI: 10.1504/ijev.2020.10030042
A. Jahanshahi, Tahereh Maghsoudi, F. Babaei
Fostering team innovation has been considered as a major leadership function in high-technology ventures because they face intense competition in the market. In this research, we analysed the direct and indirect effects of transformational leadership on team innovation in small high technology ventures. A total of 24 team leaders and 133 employees from high tech industries in Iran participated in our study. Using structural equation modelling, we found that transformational leaders play a crucial role in enhancing team innovation, facilitating team trust and team communication quality. Nevertheless, transformational leadership was not related to team innovation directly. We also found that transformational leadership plays a facilitating role in improving trust and communication within a team. In the context of developing countries, this study provides empirical evidence of the prominent role of transformational leadership in encouraging team innovation by facilitating communication and trust among team members.
{"title":"What makes teams more innovative in small high-technology ventures The role of leadership","authors":"A. Jahanshahi, Tahereh Maghsoudi, F. Babaei","doi":"10.1504/ijev.2020.10030042","DOIUrl":"https://doi.org/10.1504/ijev.2020.10030042","url":null,"abstract":"Fostering team innovation has been considered as a major leadership function in high-technology ventures because they face intense competition in the market. In this research, we analysed the direct and indirect effects of transformational leadership on team innovation in small high technology ventures. A total of 24 team leaders and 133 employees from high tech industries in Iran participated in our study. Using structural equation modelling, we found that transformational leaders play a crucial role in enhancing team innovation, facilitating team trust and team communication quality. Nevertheless, transformational leadership was not related to team innovation directly. We also found that transformational leadership plays a facilitating role in improving trust and communication within a team. In the context of developing countries, this study provides empirical evidence of the prominent role of transformational leadership in encouraging team innovation by facilitating communication and trust among team members.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"65 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89607091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-26DOI: 10.1504/ijev.2020.107932
R. Bouncken, B. Cesinger, V. Tiberius
Numerous studies show that high levels of Entrepreneurial Orientation (EO) in firms positively influence firm performance. Yet, high levels of Dark Triad (DT) traits - narcissism, Machiavellianism, and psychopathy - of managers might work detrimental to EO. Our study empirically tests if top managers who score high on Dark Triad traits have a negative influence on firm performance, reducing the merits of EO. Results of a survey study on 191 firms show that all three dimensions of the DT, narcissism, Machiavellianism, and psychopathy, suppress the positive effects that EO has on firm performance. Accordingly, selfish behaviour, emotional coldness, propensity for duplicity, and top managers' quest for self promotion, status, and dominance lead to behaviour that reduces the positive influences around innovativeness, proactiveness, and risk-taking of EO.
{"title":"Narcissism, Machiavellianism, and psychopathy of top managers: Can Entrepreneurial Orientation secure performance","authors":"R. Bouncken, B. Cesinger, V. Tiberius","doi":"10.1504/ijev.2020.107932","DOIUrl":"https://doi.org/10.1504/ijev.2020.107932","url":null,"abstract":"Numerous studies show that high levels of Entrepreneurial Orientation (EO) in firms positively influence firm performance. Yet, high levels of Dark Triad (DT) traits - narcissism, Machiavellianism, and psychopathy - of managers might work detrimental to EO. Our study empirically tests if top managers who score high on Dark Triad traits have a negative influence on firm performance, reducing the merits of EO. Results of a survey study on 191 firms show that all three dimensions of the DT, narcissism, Machiavellianism, and psychopathy, suppress the positive effects that EO has on firm performance. Accordingly, selfish behaviour, emotional coldness, propensity for duplicity, and top managers' quest for self promotion, status, and dominance lead to behaviour that reduces the positive influences around innovativeness, proactiveness, and risk-taking of EO.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"64 1","pages":"273"},"PeriodicalIF":1.5,"publicationDate":"2020-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75182754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-26DOI: 10.1504/ijev.2020.10030039
A. Emami, Peter G. Klein
Evaluating and exploiting imagined opportunities involves gathering and processing idiosyncratic market knowledge, but individuals differ in their abilities and propensities in this task. We propose a new construct, the entrepreneurial propensity for market analysis (EPMA), and argue that this propensity mediates the relationship between entrepreneurial intention and action. We test these relationships in a study of 213 prospective entrepreneurs from science and technology parks (STPs) in Iran. Results support the mediating effect of EPMA on the entrepreneurial act.
{"title":"The entrepreneurial propensity for market analysis and the intention-action gap","authors":"A. Emami, Peter G. Klein","doi":"10.1504/ijev.2020.10030039","DOIUrl":"https://doi.org/10.1504/ijev.2020.10030039","url":null,"abstract":"Evaluating and exploiting imagined opportunities involves gathering and processing idiosyncratic market knowledge, but individuals differ in their abilities and propensities in this task. We propose a new construct, the entrepreneurial propensity for market analysis (EPMA), and argue that this propensity mediates the relationship between entrepreneurial intention and action. We test these relationships in a study of 213 prospective entrepreneurs from science and technology parks (STPs) in Iran. Results support the mediating effect of EPMA on the entrepreneurial act.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"126 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73929108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-03DOI: 10.1504/IJEV.2020.105549
Izak Fayena, Adrian Nelson, Lyndsay Rashman, D. V. Rensburg
This two-phase, sequential mixed methods, utilising a qualitative, followed by a quantitative study was conducted with 178 high-tech entrepreneurs based in Israel. The study focuses on how entrepreneurs learn about business opportunities and explores the factors that affect the way they do it. A conceptual model is presented and then empirically tested. The results show that entrepreneurs learn strategically about business opportunities. Six learning strategies were identified as relevant to the process of opportunity identification. Prior knowledge of foreign markets was found as the most significant factor, while cognitive style was found to moderate the strength of the relationships between prior knowledge and the learning strategies. Entrepreneurs can benefit from these findings by recognising that they have a battery of learning strategies, which are relevant to the opportunity identification process. The identification of six learning strategies that are relevant to the process of opportunity identification is unique to this study.
{"title":"LEARNING STRATEGIES OF HIGH-TECH ENTREPRENEURS ABOUT BUSINESS OPPORTUNITIES","authors":"Izak Fayena, Adrian Nelson, Lyndsay Rashman, D. V. Rensburg","doi":"10.1504/IJEV.2020.105549","DOIUrl":"https://doi.org/10.1504/IJEV.2020.105549","url":null,"abstract":"This two-phase, sequential mixed methods, utilising a qualitative, followed by a quantitative study was conducted with 178 high-tech entrepreneurs based in Israel. The study focuses on how entrepreneurs learn about business opportunities and explores the factors that affect the way they do it. A conceptual model is presented and then empirically tested. The results show that entrepreneurs learn strategically about business opportunities. Six learning strategies were identified as relevant to the process of opportunity identification. Prior knowledge of foreign markets was found as the most significant factor, while cognitive style was found to moderate the strength of the relationships between prior knowledge and the learning strategies. Entrepreneurs can benefit from these findings by recognising that they have a battery of learning strategies, which are relevant to the opportunity identification process. The identification of six learning strategies that are relevant to the process of opportunity identification is unique to this study.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"50 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77290235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-26DOI: 10.1504/ijev.2020.10026979
Á. Dias, José Manuel Guerra de los Santos, R. Pereira
This work investigates the antecedents and consequences of dynamic capabilities using data from Portuguese and Brazilian firms. Specifically the influence of entrepreneurship as an opportunity sensing base, the effect on human resources (HR) capability to reach those opportunities, and finally knowledge management (KM) consequences on firm performance. Using a two-country questionnaire, four organisational capabilities are examined, and the link to value creation is established: entrepreneurship capabilities, knowledge management, human resources management capabilities and strategic decision flexibility. The main objective of this research is the operationalisation of a stream of thought on dynamic capabilities. To analyse our model, we have chosen to apply a path analytic technique. This multivariate analysis methodology is regularly used for empirically examining sets of relationships represented in the form of linear causal models, and allows the direct, indirect and total effects. We present the operationalisation of an aggregate construct in this field thus contributing to develop empirical research of dynamic capabilities. Measures were adapted to reflect dynamic decision making. The results show that dynamic capabilities are a complex set of capacities conjugated in sensing, seizing, and reconfiguring processes. Managerial implications for these two countries are discussed.
{"title":"THE ROLE OF ENTREPRENEURSHIP ON THE FOUNDATIONS OF DYNAMIC CAPABILITIES","authors":"Á. Dias, José Manuel Guerra de los Santos, R. Pereira","doi":"10.1504/ijev.2020.10026979","DOIUrl":"https://doi.org/10.1504/ijev.2020.10026979","url":null,"abstract":"This work investigates the antecedents and consequences of dynamic capabilities using data from Portuguese and Brazilian firms. Specifically the influence of entrepreneurship as an opportunity sensing base, the effect on human resources (HR) capability to reach those opportunities, and finally knowledge management (KM) consequences on firm performance. Using a two-country questionnaire, four organisational capabilities are examined, and the link to value creation is established: entrepreneurship capabilities, knowledge management, human resources management capabilities and strategic decision flexibility. The main objective of this research is the operationalisation of a stream of thought on dynamic capabilities. To analyse our model, we have chosen to apply a path analytic technique. This multivariate analysis methodology is regularly used for empirically examining sets of relationships represented in the form of linear causal models, and allows the direct, indirect and total effects. We present the operationalisation of an aggregate construct in this field thus contributing to develop empirical research of dynamic capabilities. Measures were adapted to reflect dynamic decision making. The results show that dynamic capabilities are a complex set of capacities conjugated in sensing, seizing, and reconfiguring processes. Managerial implications for these two countries are discussed.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"44 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87291269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-26DOI: 10.1504/ijev.2020.10026978
Dominik Dellermann, Nikolaus Lipusch, P. Ebel, J. Leimeister
Digital technologies inherently change entrepreneurial processes and outcomes. One theoretical perspective that aims at explaining both is the creation view of opportunities, which proposes iterative social interaction between entrepreneurs and interested stakeholders and the evolutionary nature of opportunities as idiosyncratic. While the discussion on the phenomena of crowdsourcing is scarce in entrepreneurship research on opportunity (co-) creation, it provides enormous potential for the field. Within this paper, we focus on providing a theoretical rational for why and how collective intelligence and crowdsourcing as concrete mechanism works for improving the entrepreneurial cognition process. The paper shows that entrepreneurs can leverage collective intelligence to objectify opportunities by starting a sense making process, persuading interested stakeholders, and mobilising external resources, thus limiting the cognitive constraints and bounds of entrepreneurial agents. We thus contribute to the discourse about how opportunities emerge from interactions between entrepreneurs and their social environment and provide an agenda that may guide future research in the field of digital entrepreneurship.
{"title":"The potential of collective intelligence and crowdsourcing for opportunity creation","authors":"Dominik Dellermann, Nikolaus Lipusch, P. Ebel, J. Leimeister","doi":"10.1504/ijev.2020.10026978","DOIUrl":"https://doi.org/10.1504/ijev.2020.10026978","url":null,"abstract":"Digital technologies inherently change entrepreneurial processes and outcomes. One theoretical perspective that aims at explaining both is the creation view of opportunities, which proposes iterative social interaction between entrepreneurs and interested stakeholders and the evolutionary nature of opportunities as idiosyncratic. While the discussion on the phenomena of crowdsourcing is scarce in entrepreneurship research on opportunity (co-) creation, it provides enormous potential for the field. Within this paper, we focus on providing a theoretical rational for why and how collective intelligence and crowdsourcing as concrete mechanism works for improving the entrepreneurial cognition process. The paper shows that entrepreneurs can leverage collective intelligence to objectify opportunities by starting a sense making process, persuading interested stakeholders, and mobilising external resources, thus limiting the cognitive constraints and bounds of entrepreneurial agents. We thus contribute to the discourse about how opportunities emerge from interactions between entrepreneurs and their social environment and provide an agenda that may guide future research in the field of digital entrepreneurship.","PeriodicalId":45588,"journal":{"name":"International Journal of Entrepreneurial Venturing","volume":"217 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2020-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76985244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：