Existing research has argued that entrepreneurs’ identification with their ideas is linked to their persistence, yet scholars have also noted that entrepreneurs’ ideas rarely survive exposure to stakeholder demands. As such it remains unclear how entrepreneurs remain persistent with their organizing efforts despite frequent changes to their ideas. To address this research gap, I take a grounded theory approach that relies on ethnographic observation, recurring and in-depth interviews, and document analysis. I find that entrepreneurs navigate stakeholder demands by engaging in both sensemaking and sensegiving processes, whereby they alter or ‘pivot’ their entrepreneurial ideas. As such I develop a theory of ‘pivoting’ within the context of nascent entrepreneurship, specifying the various types of pivots that get made as well as the consequences for each type. My findings will also contribute to practice by highlighting how entrepreneurs more effectively navigate stakeholder demands on their ideas. Show
What are the major factors that lead to an entrepreneur understanding?Entrepreneurs work under the constraints of their environment – the political economy. Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.
How do you think is the moral support network is different from the professional support network in that?The moral support network is different from the professional support network in that: a professional support network includes finding a mentor. Within the moral-support network, most entrepreneurs indicate that their _____ are their biggest supporters.
Which of the following is the most powerful aspect of an entrepreneurs success?Passionate
Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it. Entrepreneurs love what they do and are extremely dedicated to the businesses they create.
What is McMullen Shepherd Model?McMullen & Shepherd's model shows that a decision to act entrepreneurially is dependent upon an individual forming two sequential beliefs: (1) that a third person opportunity exists ie an opportunity exists in the market place for someone (attention stage); and (2) that a first person opportunity exists ie they ...
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Within the moral-support network, most entrepreneurs indicate these are their biggest supporters.
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