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1 – 10 of over 57000This paper aims to expand on existing conceptualisations of barriers to small business growth by addressing the question of how, or in what ways, do perceived barriers influence…
Abstract
Purpose
This paper aims to expand on existing conceptualisations of barriers to small business growth by addressing the question of how, or in what ways, do perceived barriers influence the growth intentions and behaviours of owner‐managers?
Design/methodology/approach
Adopting an interpretive methodological approach, in‐depth semi‐structured interviews were held with 27 owner‐managers working in St Petersburg, Russia. Participants were asked about their intentions for their businesses, how they intended to grow and what, if anything, prevented or interfered with these intentions. Template analysis was used to develop owner‐managers' perceptions and experiences of barriers to growth, and to facilitate theory building.
Findings
Six ways in which perceived barriers influence the growth intentions and behaviours of small business owner‐managers were identified. Barriers: stop owner‐managers from intending to grow; undermine intentions; add to the ambivalence around growth intentions; provide incentives to grow; postpone intention realization; and slow down the process of realizing intentions to grow.
Research limitations/implications
Because data were collected at one point in time, it was not possible to capture the dynamic nature of barriers or the intentions/behaviours they influenced. Future research could be strengthened through the use of longitudinal designs and process‐based methods (e.g. diary studies).
Practical implications
Educators and policy makers should help owner‐managers understand the ways in which barriers can affect business growth and be overcome.
Originality/value
This study is the first to examine how barriers influence growth intentions and behaviours, and to facilitate theory development on the topic.
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– The purpose of this paper was to investigate the factors affecting the growth intentions of women entrepreneurs in the Indian context.
Abstract
Purpose
The purpose of this paper was to investigate the factors affecting the growth intentions of women entrepreneurs in the Indian context.
Design/methodology/approach
The author adopted a two-stage design, which included qualitative case studies followed by an online survey of 127 women entrepreneurs.
Findings
The findings reinforce the significance of entrepreneurs’ perception of her abilities. They also suggest the changing role of family support in continued entrepreneurship with direct family involvement positively moderating the relationship between attitude to growth and growth intentions.
Research limitations/implications
Given the importance of entrepreneurial growth, the findings provide additional insight into growth intentions of women entrepreneurs and also the dynamic role of family in the life cycle of a venture.
Originality/value
This paper offers insights into entrepreneurial growth of women in the context of India. It integrates the theory of planned behaviour and social identity theory to provide a comprehensive framework for furthering the understanding of the factors that affect the growth decisions of women entrepreneurs.
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Liangxing Shi, Xinying Yao and Wenqing Wu
The study clarifies the relationship between students’ perceptions of university support and heterogeneous entrepreneurial intentions in the Chinese context. It proposes a new…
Abstract
Purpose
The study clarifies the relationship between students’ perceptions of university support and heterogeneous entrepreneurial intentions in the Chinese context. It proposes a new construct with the classification of growth- and independence-oriented intentions and examines the moderating role of the Chinese sense of face. This study aims to enrich entrepreneurship education research by incorporating cultural factors.
Design/methodology/approach
The study uses a questionnaire survey to examine the research hypotheses. Further, the authors collected data from 374 students from Mainland China and applied a regression analysis.
Findings
The study clarifies the positive relationship between perceived university support and growth-oriented/independence-oriented entrepreneurial intentions. Further, it proposes the differences in the moderating role of the Chinese sense of face in the relationships between entrepreneurial self-efficacy and growth- and independence-oriented intentions.
Research limitations/implications
Because of the chosen method, the study results may lack generalizability. Hence, future studies are encouraged to test the proposed hypotheses.
Practical implications
The study results have important implications for entrepreneurship education development.
Social implications
The study is conducted against the background of the “mass entrepreneurship and innovation” policy in China and combines country-specific characteristics to enrich entrepreneurial education and social entrepreneurship.
Originality/value
This study fulfills the intention to examine the influence of cultural factors on entrepreneurship education and identify the heterogeneous entrepreneurial intentions in a single construct.
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Helen Reijonen, Szandra Párdányi, Sasu Tuominen, Tommi Laukkanen and Raija Komppula
The purpose of this paper is to examine how SMEs with varying growth intentions differ from each other with regard to market orientation and brand orientation. Both of these…
Abstract
Purpose
The purpose of this paper is to examine how SMEs with varying growth intentions differ from each other with regard to market orientation and brand orientation. Both of these strategic orientations are seen to lead to enhanced market performance. Consequently, the authors investigate whether those small firms that regard growth as an important goal have adopted market or brand orientation.
Design/methodology/approach
Responses from 492 SMEs were analysed. They were clustered into four groups according to their growth intentions. These groups included firms that have low growth intention, capital adequacy growth intention, expansion growth intention and high growth intention. ANOVA was used to explore whether these groups differed in their market or brand orientation.
Findings
The results indicate that the higher growth intention group the SME belonged to the more market and brand oriented it is. The biggest differences between the SMEs were found with regards to brand orientation.
Research limitations/implications
The findings suggest that SMEs have acknowledged the positive effect of market and brand orientations on firm growth, thus highlighting the importance of supporting growth-oriented SMEs in their quest to become more market or brand oriented.
Originality/value
The study sheds more light on the little researched themes of market and brand orientations in the context of SMEs. It also offers insights into how growth intentions affect the adoption of different strategic orientations.
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Fernando Muñoz-Bullón, Maria J. Sanchez-Bueno and Mattias Nordqvist
The purpose of this paper is to investigate how family ties in new venture teams (NVTs) influence the intended future growth of a nascent entrepreneur’s business. The authors…
Abstract
Purpose
The purpose of this paper is to investigate how family ties in new venture teams (NVTs) influence the intended future growth of a nascent entrepreneur’s business. The authors posit that R&D-oriented entrepreneurs in NVTs with family ties have higher growth intentions relative to those who are less oriented toward R&D.
Design/methodology/approach
The hypotheses were tested using data from the Panel Study of Entrepreneurial Dynamics II (PSED II). One distinctive feature of the PSED is that it is based on a random sample of 1,214 nascent entrepreneurs in the process of starting new ventures in the USA, which overcomes the recall biases associated with surveying entrepreneurs already in business and potential survivorship biases.
Findings
The results show that growth intentions in NVTs with family ties is greater when the nascent entrepreneur shows an R&D behavior, even though the presence of family members in the team is negatively related to the intentions of nascent entrepreneurs with regard to new venture growth. This effect is attributed to entrepreneurs’ long-term vision and a more favorable attitude toward change.
Research limitations/implications
Data on startup teams in the PSED II come from one team member (the respondent). Therefore, differences in perceptions regarding growth intentions cannot be determined. Moreover, the sample consisted exclusively of nascent entrepreneurs in the USA.
Practical implications
Knowledge about the determinants of growth intentions during the venture creation phase becomes relevant if we want to influence and support the growth of newly founded firms. Nascent entrepreneurs need to understand the trade-off between emotional and financial concerns.
Social implications
Nascent entrepreneurs more oriented toward R&D become more risk tolerant, and may accept certain losses to their emotional endowment in favor of pure financial goals, being more able to access the additional external resources (tangible and intangible) needed for growth.
Originality/value
The research expands previous evidence on the family involvement-performance debate in large firms by focusing on new ventures with family ties, with distinctive characteristics that may affect growth intentions. The authors also shed new light on the interplay between family business and entrepreneurship. In particular, the research helps gain an understanding of how NVTs with family ties deal with the opposition between the benefits from venture growth and the tendency to preserve team member’s emotional attachment.
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Gloria L. Sweida and Rebecca J. Reichard
The number of women choosing entrepreneurship as an occupation continues to grow. However, there are very few start‐up high‐growth ventures in traditionally non‐feminine…
Abstract
Purpose
The number of women choosing entrepreneurship as an occupation continues to grow. However, there are very few start‐up high‐growth ventures in traditionally non‐feminine industries, such as manufacturing or technology. The purpose of this paper is to draw attention to the potential impact of implicit and explicit gender stereotypes on women's high‐growth entrepreneurial intention, and to examine the role of entrepreneurial self‐efficacy in this process. The authors aim to argue that there is a dual stereotype associated with high‐growth entrepreneurship (HGE), which negatively impacts on women's intention and self‐efficacy, thereby limiting their behavior in this arena.
Design/methodology/approach
This is a conceptual paper. Through the lens of stereotype activation theory the authors call for researchers to begin examining these phenomena and to utilize more generalizable samples of entrepreneurial students in future research.
Findings
The paper finds that by decreasing the masculine stereotype‐related barriers associated with HGE and increasing women's HGE self‐efficacy it should be possible to increase women's intention to engage in high‐growth venture creation.
Research limitations/implications
The paper has valuable implications for entrepreneurship educators and trainers.
Practical implications
The paper offers specific and practical suggestions on how entrepreneurship educators and trainers can build women's entrepreneurial self‐efficacy.
Originality/value
In this paper, the authors bring together prior theory and research on entrepreneurship, gender stereotyping and social cognitive theory to provide a research agenda on the relationship between stereotype threat, entrepreneurial self‐efficacy and high‐growth entrepreneurial intention.
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Satria Utama, Rizaldi Yusfiarto, Ruspita Rani Pertiwi and Annes Nisrina Khoirunnisa
The purpose of this study is to explore growth models based on “industry-based capabilities”, “resources-based capabilities” and “institution-based capabilities” in the context of…
Abstract
Purpose
The purpose of this study is to explore growth models based on “industry-based capabilities”, “resources-based capabilities” and “institution-based capabilities” in the context of the determinants of micro, small and medium enterprises’ (MSMEs) actors’ intention to grow.
Design/methodology/approach
This study involved 188 owners/managers of MSMEs. The analysis was conducted using partial least squares structural equation modelling. Moreover, the importance-performance map analysis package is used to complement the study findings.
Findings
This study uses the framework of the resource-based view (entrepreneurial knowledge), industrial-based view (industrial linkage) and institutional-based view (government support and access to finance) as proxies of the tripod-based view framework. The findings show that entrepreneurial knowledge (skills, competencies and functional), government support, access to finance and industrial linkage (vertical and horizontal) significantly encourage MSMEs’ owner/manager growth intention.
Practical implications
Firstly, this study suggests that MSMEs actors focus on developing entrepreneurial knowledge to boost the skills, competencies and functionalities needed to improve their business capabilities, directly affecting their growth intention. Secondly, this study indicates that the growth intention of MSME players, besides increasing internal capacity, must also be supported by the external environment, such as financial institutions, government and industrial linkage.
Originality/value
This study offers a tripod-based view as a framework for MSMEs’ actors’ intention to grow, where the constructs in the model used so far have not been explored comprehensively in the context of MSMEs. So, the built model brings more relevant factors to explain this topic from various perspectives.
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This paper seeks to find factors that influence the growth intention of female-owned small businesses in the Ghana’s tourism sector. The purpose of this paper is to investigate…
Abstract
Purpose
This paper seeks to find factors that influence the growth intention of female-owned small businesses in the Ghana’s tourism sector. The purpose of this paper is to investigate why some female entrepreneurs achieve growth objectives while others do not.
Design/methodology/approach
In this study, the authors seek to understand the growth intention within the tourism sector because it is not clear why some female entrepreneurs in Ghana pursue growth. The study applies quantitative techniques. A questionnaire survey was conducted with 110 female tourism entrepreneurs in Ghana. Data analysis was conducted using the non-parametric procedures of Spearman’s rank correlation.
Findings
The findings of this research reveal that female tourism entrepreneurs in Ghana feel they can expand without entrepreneurial ability(ies). However, the growth of the venture is restricted by the lack of financial resources. Opportunities in the tourism sector do generate more customers, but cannot alone determine growth intentions. Furthermore, an important finding of this study is that business advisory services do not contribute significantly to the growth intention of the venture. The research made clear that the pursuance of growth is related to different types of opportunities and finance leveraging.
Research limitations/implications
The study has gender-specific, industry-specific, size-specific and region-specific limitations. Another limitation is focus on entrepreneurial ability, opportunity and business advisory support services as determinants of female entrepreneurs’ growth intention.
Practical implications
This study provides useful information for government, business agencies and academics seeking reasons on why female entrepreneurs have low growth intentions. Policy measures are provided in assisting women in achieving their growth aspirational needs and suggestions are recommended to encourage women to grow their small tourism businesses.
Social implications
The research will contribute to improve the socio-economic status of women entrepreneurs in Africa.
Originality/value
This paper addresses an under-researched area of female tourism entrepreneurs and their growth intention from the perspective of a developing country such as Ghana.
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Michael Abebe and David
Despite the extensive research on the determinants and consequences of firm growth, research focusing on how the actual process unfolds is still evolving. An important part of…
Abstract
Despite the extensive research on the determinants and consequences of firm growth, research focusing on how the actual process unfolds is still evolving. An important part of firm growth process research is entrepreneurial cognition. The purpose of this chapter is to explore the relationship between entrepreneurial cognition and firm growth intentions. Specifically, we propose a theoretical model of entrepreneurial cognitive interpretation and categorization of market information as it relates to firm growth intentions. Drawing from the strategic cognition literature in general and strategic issue interpretation literature in particular, we propose that entrepreneurs’ interpretation of market information as opportunity or threat, gain or loss, and controllable or uncontrollable influences their firm growth intentions. Furthermore, our theoretical model discusses the condition under which favorable interpretation of market information leads to higher growth intentions by incorporating insights from the Entrepreneurial Orientation (EO) construct. This chapter extends our understanding of firm growth processes by highlighting the important role cognitive interpretation and categorization play in facilitating or hindering entrepreneurial firm growth.
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Rolland LeBrasseur, Huguette Blanco and John Dodge
A survey of young microfirms was conducted to investigate their growth intentions. The findings confirm the distinct profiles of four types of firms categorized on the basis of…
Abstract
A survey of young microfirms was conducted to investigate their growth intentions. The findings confirm the distinct profiles of four types of firms categorized on the basis of current and future employment: Lifestyler, Entrepreneur, Manager, and Mover. They differ in terms of the owner's perceptions of the desirability and practicality of growing their firm, and with respect to the moderating variables of industry affiliation, business location, and investment level. Research issues and service implications for business support agencies are identified.