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Using the theory of planned behavior as a theoretical base, this study aims to examine the effect of the personality attributes, risk-taking, creativity and locus of control on the entrepreneurial intentions of US business college students. The authors replicated previous studies from around the world but performed the research during the Covid-19 pandemic.

The authors surveyed 353 students, comparing those with entrepreneurial intentions (n = 213) versus those without entrepreneurial intentions (n = 140).

The authors found that risk-taking and creativity both significantly and positively predicted entrepreneurial intentions, but locus of control did not have a significant impact.

Contextually, the authors performed this study during the widespread complications of the Covid-19 pandemic. The authors advise business educators to initiate programs that encourage student entrepreneurship by nurturing creativity and offering educational resources that assist students in reducing the perceived risk of entrepreneurship.

The authors seek to increase awareness among business educators of the significance of entrepreneurship as a desirable career. The authors believe that one impact from the Covid-19 pandemic has been an expanded interest among students to start their own businesses. The authors propose that creative measures introduced into the business school curriculum by business educators will enhance students’ desire to take risks to create their own businesses.

Effective use of human resources is important for the profitability and governance of family firms. In a study of the human resource management (HRM) practices of US Hispanic family firms, the purpose of this paper is to discuss the implications of agency and stewardship governance.

To better understand HRM practices in US Hispanic family firms, the authors present findings from 169 US firms to hypothesize the extent of HRM development in Hispanic family firms (n=70) vs non-Hispanic family firms (n=99).

Results indicated that HRM practices in Hispanic family firms are less structured than those of non-Hispanic family firms; however, when Hispanic family firms effectively use HRM practices, they will have greater financial success.

Therefore, the results suggest that Hispanic family firm leaders display relatively low agency governance and high stewardship governance.

The pursuit of entrepreneurial opportunities is not always successful. On the one hand, entrepreneurial failure offers an invaluable opportunity for entrepreneurs to learn about their ventures and themselves. On the other hand, entrepreneurial failure is associated with substantial financial, psychological, and social costs. When entrepreneurs fail to learn from failure, the potential value of this experience is not fully utilized and these costs will have been incurred in vain. In this chapter, the authors investigate how the stigma of failure exacerbates the various costs of failure, thereby making learning from failure much more difficult. The authors combine an analysis of interviews of 20 entrepreneurs (who had, at the time of interview, experienced failure) with an examination of archival data reflecting the legal and cultural environment around their ventures. The authors find that stigma worsens the entrepreneurs’ experience of failure, hinders their transformation of failure experience, and eventually prevents them from utilizing the lessons learnt from failure in their future entrepreneurial activities. The authors discuss the implications of the findings for the entrepreneurship research and economic policies.

Everyone is vulnerable. The degree of balance (or not) between protective factors present (i.e., supports available and accessible) and risk factors present (i.e., cumulative challenges confronted) in an individual's life is always relative and linked to inevitable perceptual processes (see Spencer, 2006, 2008). That is, individuals’ perceptions of risk and protection are just as important as the actual presence of risk and protective factors. Thus, it is inescapable that human beings – particularly Black males in the United States – will experience some level of vulnerability at every point across the life course. In fact, a persistent dilemma has been the narrow focus of social science literature on the risks and persistent challenges confronted by Black males. Unfortunately, the successes achieved or manifested resiliency of Black males remains under-analyzed. Thus, a resiliency theme is generally not integrated into the training of those intended to provide and contribute to the building of protective factors which maximize the accessibility to and use of sources of support. Accordingly, independent of the fact that all humans are vulnerable, for some who experience a disproportionate share of risks and challenges given particularly constructed social conditions (e.g., African American males), the mechanisms which promote the obtainment of good outcomes as expressed resiliency are frequently under-examined either conceptually or theoretically.

This chapter focuses on how retailers can do the right thing and be successful at the same time, particularly in the light of technological innovation. Service dominant logic (SDL), with the notion of operant and operand resources as a means to connect the retailer to the customer, provides a framework for the chapter. Normative decision making is presented as a necessary ethical and practical mindset to solve problems, and we illustrate the relationship between normative decision making and value. Value becomes the ultimate outcome to the customer that will allow for sustainable retailing into the future. Utilitarian value and hedonic value are presented and elaborated upon to show how companies and consumers come together to transform resources into value through service. Sections are included showing how value delivery will evolve into the future and what mix of value will be necessary so that retailing can see continued success.

This research was designed to reveal the magnitude of continued use of informal suppliers by household consumers as well as the relationship of such use with general market conditions. The results of this study are based on national probability samples of households in the United States which reported their purchases across 15 broad categories of goods and services in 1981 and 1985. The authors conclude that household consumer use of informal suppliers in the aggregate has no apparent relationship to the business cycle. In contrast, there is some indication that the individual categories of goods and services reflect a cyclical relationship with the business cycle. In general, “luxury” goods and services expanded while the more “basic” goods and services declined between 1981 and 1985. An important exception is the growth in informal retailing in the face of strong economic conditions.