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"Entrepreneur"
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The power of potential : how a nontraditional workforce can lead you to run your business better
The founder and COO of Rising Tide Car Wash, a social enterprise that employs more than eighty individuals with autism, tells the story of how his business became hugely successful due to his unconventional staff's ability to discover and correct common problems that led to unexpected wins.
TRANSFORMING COMPANIES AND ADAPTING TO THE NEW GLOBAL CONTEXT. PERSPECTIVES, CHALLENGES AND OPPORTUNITIES
by
TERCHILĂ, Sorin
in
Entrepreneurs
2023
The last 15 years have shown that the world is in continuous change. The dynamics of this process is at a very high level due to or because of some global phenomena. We can mention the economic crisis from 2008-2010, which had a devastating impact on many businesses, with a direct negative impact on jobs. We can also mention the global Covid-19 pandemic, which had negative effects on people in general, but also on the entrepreneurial environment. In addition, the war in Ukraine generated even more uncertainty, but also concern, at the European and global level. The main objective of this research work is to highlight the problems faced by entrepreneurs, but also the opportunities they can identify in these periods of multiple crises, at the local, national, and international levels. In order to obtain the results, I identified a series of entrepreneurs from different fields, who crossed these difficult periods, and who transformed their businesses. I will present the vision they had in the past and the one they have now, but also the predictability of entrepreneurs. Depending on all these aspects, the adaptability of business people and employees can be evaluated. Following the interviews conducted, the analysis of documents and studies, and some preliminary results can be presented: the entrepreneurs try to adapt to all the problems and challenges encountered. Some of them succeeded and even identified opportunities in other directions, and others gave up. In all these difficult periods, new brave entrepreneurs appeared, who thought creatively and took their businesses to a higher level. Most businesses have changed a lot in the last 15 years. One of the main reasons is represented by the complex digitization process, both in the public and private sectors. Most of the interviewed entrepreneurs have as their main objective: the sustainability of their companies.
Journal Article
A categorization of the consequences of entrepreneurial failure
by
Máté Repisky
in
Entrepreneurs
2023
Uncertainty and risk are basic elements of entrepreneurial life, and consequently, most entrepreneurs will experience failure, which can impact their lives in various ways. Although several previous studies have tried to categorize the consequences of failure, none could cover their full range. Therefore, the main objective of this qualitative, narrative research was to build a useable categorization system for the consequences of entrepreneurial failure. As a result of this theoretical- and sixteen-interview-based research, the consequences of entrepreneurial failure can be categorized into six groups (and twenty-four sub-groups): financial, psychological, social, professional, legal and physiological consequences. Based on the results, failure is not a negative experience for all entrepreneurs; in fact, for many, negative and positive consequences balanced each other out, or they were not impacted by the failure. During the analysis, potential connections between categories of consequences and the identification of root consequences are also presented.
Journal Article
THE IMPACT OF CURRENT CRISES ON THE BUSINESS ENVIRONMENT.CHALLENGES AND OPPORTUNITIES FOR ENTREPRENEURS
by
TERCHILĂ, Sorin
in
Entrepreneurs
2022
In many cases, entrepreneurs have the power and ability to identify problems and find solutions to solve them. Also, entrepreneurs \"are obliged\" by definition to be able to identify opportunities, at local, national and even international level. In recent years, the business environment has been influenced by many changes. In particular, the 2019-2022 period was unique from many points of view for entrepreneurs. The last 3 years have been marked by several crises: sanitary, political, informational, energetic, military...etc. All these crisis situations had a major impact on the economy, globally, but also nationally or locally. The business people were forced to adapt instantly to the new conditions and to the new social and economic reality. Some succeeded and others unfortunately gave up. The main purpose of this research work is to highlight the solutions and opportunities of entrepreneurs, in this difficult period. To obtain the results, I interviewed entrepreneurs from different fields and locations, some who had businesses before 2020 and others who opened a new business after 2020. We can also mention: the analysis of documents, official surveys and published studies. From this perspective, the entrepreneurs who adapted can be divided into two categories: the first category is represented by the entrepreneurs who resisted the problems and kept the business \"alive\". The second category is represented by entrepreneurs who resisted but also managed to find solutions for business development. In addition, a third category can be mentioned: that of new entrepreneurs, who have identified opportunities, especially in this period full of uncertainty, fear and unpredictability.
Journal Article
Age and entrepreneurship: nuances from entrepreneur types and generation effects
2018
The literature on the relationship between age and entrepreneurship has been inconclusive. This study for the first time examines this relationship by extending the occupational choice literature to eight entrepreneur types and four generational modification effects in the USA. Multilevel mixed-effect logistic regression models are estimated to examine the age effects in entrepreneur type propensities. Generational modification effects are compared for the same ages across neighboring generations by hierarchical age-periodcohort (HAPC) models. We find that entrepreneurial propensity rises with age until around 80. The propensity of novice (versus non-novice) and unincorporated (versus incorporated) entrepreneurs has a U-shaped age trend dipping around age 60, while the propensity of full-time (versus part-time) declines since age 30s. The propensity of incorporated (versus unincorporated) entrepreneurs declines from ages 44 to 51 for Gen-Xers, but not for Boomers; this propensity also declines faster for Boomers than for Traditionalists from ages 63 to 70.
Journal Article
Drifting, Not Driving
2022
This study is an exploration of entrepreneurial identity, employing a culturally sensitive mixed methods approach, Identity Structure Analysis (ISA). The sample includes 30 small/micro entrepreneurs in Southern-Transdanubia, Hungary. Hungary had introduced some “staccato” economic reforms in the previous social system, changing communist hostility towards entrepreneurs as “capitalists” into lasting ambivalence. The results reflect indistinct commitments to entrepreneurial values; constant adaptation to environmental factors instead of building own strategies; and limited future expectations. In the two sub-samples of male and female entrepreneurs there were no statistically significant differences. The dominant, masculine discourse of entrepreneurship, the underdevelopment of social enterprises in Hungary, the impact of the previous communist discourse understanding equality as sameness, and the pandemic-induced crisis may explain for these findings.
Journal Article
In Memoriam: Christopher Smith, 1968-2023
2023
Dr. Smith joined the faculty of the Annenberg School of Communications at the University of Southern California in 2002. Earlier, he served as the director of primary research for Ruder Finn Public Relations in New York City.
Journal Article
Innovative-entrepreneurial universities in the postmodern world concept: possibilities of implementation
In the article, they analyze the concepts of innovation and entrepreneurship in the transformation of universities into entrepreneurial institutions, understanding university institutions as organizations that, in a macro concept of their management is represented in its most general expression; that is the production and application of knowledge. In this sense, the characteristic features of commercial, academic activities in innovative and entrepreneurial universities are analyzed, and the optimal organizational and economic mechanisms for the development of this model are studied, in order to use even more positive experience in systems of higher education in countries with less innovative-entrepreneurial development.
Journal Article
Personality trait differences across types of entrepreneurs: a systematic literature review
2022
The personality traits that define entrepreneurs have been of significant interest to academic research for several decades. However, previous studies have used vastly different definitions of the term “entrepreneur”, meaning their subjects have ranged from rural farmers to tech-industry start-up founders. Consequently, most research has investigated disparate sub-types of entrepreneurs, which may not allow for inferences to be made regarding the general entrepreneurial population. Despite this, studies have frequently extrapolated results from narrow sub-types to entrepreneurs in general. This variation in entrepreneur samples reduces the comparability of empirical studies and calls into question the reviews that pool results without systematic differentiation between sub-types. The present study offers a novel account by differentiating between the definitions of “entrepreneur” used in studies on entrepreneurs’ personality traits. We conduct a systematic literature review across 95 studies from 1985 to 2020. We uncover three main themes across the previous studies. First, previous research applied a wide range of definitions of the term “entrepreneur”. Second, we identify several inconsistent findings across studies, which may at least partially be due to the use of heterogeneous entrepreneur samples. Third, the few studies that distinguished between various types of entrepreneurs revealed differences between them. Our systematic differentiation between entrepreneur sub-types and our research integration offer a novel perspective that has, to date, been widely neglected in academic research. Future research should use clearly defined entrepreneurial samples and conduct more systematic investigations into the differences between entrepreneur sub-types.
Journal Article