The Effects of Pre-venture Plan Timing and Perceived Environmental Uncertainty on the Persistence of Emerging Firms

This paper explores the effects of when pre-venture planning occurs (early or late) in the sequence of activities accomplished during the process of new business emergence, and the moderating effects of environmental context (the degree of perceived financial, competitive and operational uncertainty), on the persistence of emerging business startup efforts. Using data from the U.S. Panel Study of Entrepreneurial Dynamics (PSED), our analyses found a strong main effect for business planning: Nascent entrepreneurs who completed a business plan were 2.6 times more likely to persist in the process of business emergence than those who did not complete a plan. In addition, the likelihood of venture persistence increased when nascent entrepreneurs engaged in planning early in the sequence of start-up activities in perceived uncertain financial and competitive environments, while venture persistence increased when nascent entrepreneurs engaged in planning late in a sequence of activities in perceived certain financial and competitive environments.     

Economic impact of an annual tourism industry exposition

This study was undertaken to estimate the economic impact on a specific region resulting from a nine-day tourism industry exposition. Over 80,000 people paid to attend the 1980 Greater Michigan Boat and Fishing Show which displayed equipment by 165 exhibitors. Detailed direct expenditure information was obtained from patrons and exhibitors. Multiplier analysis was employed to estimate total economic impact. Patrons were estimated to have a total economic impact on metropolitan Detroit of over $2 million. Economic sectors heavily impacted by patron expenditures were food services, entertainment, and auto related. Expenditures by show exhibitors were estimated to contribute an additional $1.8 million to the local economy. Economic sectors heavily impacted by exhibitors were households, advertising, and insurance.     

A short note on entrepreneurship as method: a social enterprise perspective

Recent work by Sarasvathy and Venkataraman (Entrepreneurship Theory and Practice, 113–135, 2011) suggest that entrepreneurship may offer an alternative to the scientific method in solving some of the increasingly complex problems facing modern society. This paper adopts an entrepreneurial method framework to explore how social enterprises (SEs) can more efficiently and effectively provide goods and services to the needy. SEs have the potential to improve efficiency and effectiveness by innovating new products, processes, strategies, and/or business models to better meet their beneficiaries’ needs. Three case studies of SEs are used to explore the process and the outcomes of the entrepreneurial method. In addition, propositions are developed to illustrate the social and economic performance advantages of SEs and offer managerial implications for enhanced practice.     

HR managers and environmental sustainability: strategic leaders or passive observers?

In this paper, we explore the challenges posed to, and reactions of, human resource (HR) managers by the concept of environmental sustainability. From interviews with 14 New Zealand HR managers, we explore three related aspects of morality identified by Fineman: private, conventional, and enacted. Findings indicate that while the HR managers note a private position of environmental concern, they take a passive approach to environmental sustainability within their organizations. We note that this passive position is not without potentially adverse effects in relation to the role of HR as a strategic partner and for the advancement of environmental sustainability within organizations.     

Financing the emerging firm

This study explores the financing choices of 1,214 nascent entrepreneurs in the PSED II dataset. Funding sources are divided into two broad categories: personal and external. We develop a set of hypotheses about the kinds of firm and nascent entrepreneur characteristics that would likely influence which categories of financial resources are used, and the amounts acquired. The majority of financing (57% of all financing) for emerging ventures comes from the personal contributions of its founders, who contributed a median amount of $5,500 per respondent. Firms that more likely to acquire external funding were projected to have higher levels of revenue, were incorporated, and were legally registered. Nascent entrepreneurs with higher levels of education and net worth were significantly more likely to acquire external funding. Results from analyses are presented and discussed. Implications of our findings are provided and suggestions for future research are offered.     

Mexican‐American/Anglo cultural differences as recreation style determinants

Abstract

The fastest growing minority group in the United States is Hispanic, with the majority of this group made up of Mexican‐Americans. Researchers question whether this group forms a distinct subculture in American society and if present recreation facility design provides opportunities for the reinforcement of cultural values.

Mexican‐American and Anglo campers using a minimally developed U.S. Forest Service managed campground in New Mexico were surveyed during the summer of 1985. Significant differences were noted between the groups. In particular, larger party sizes were noted for Mexican‐American campers than for the Anglo groups. Mexican Americans also indicated a preference for nearness to other campers, placed a higher priority on tangible campground design features, and intended to use more highly developed campgrounds and decrease use of dispersed or roadless area campgrounds in the future. Noted differences were believed related more to cultural identity than either socioeconomic or social class variances. There is some evidence to suggest that properly designed recreation facilities may provide the means to perpetuate important cultural traits for subcultural groups in American society.     

Second home second view : Host community perceptions

This paper discusses second home owners' perceptions of facilities and services within the community, and moves beyond previous research that addressed primary motivation for location decisions. A total of 513 respondents contributed information on outdoor and indoor recreational activities, tax-supported services, health-care services, environment, crowding, and increases in tourism within a Wisconsin second home community. Findings show that the second home owners may influence the facilities, services, and sociocultural aspects of the community. Second home owners' attitudes and perceptions may be as important in determining community direction as permanent resident perceptions.     

Creating a community of difference in entrepreneurship scholarship

This article argues for alternative forms of inquiry for exploring aspects of entrepreneurship scholarship that are often unseen, ignored or minimized. The label, ‘The European School of Entrepreneurship’, might serve as a useful rubric for identifying a community of scholars with tendencies towards the following: (1) an interest in the history of ideas that inform entrepreneurship scholarship, (2) a willingness to step outside of the entrepreneurship field, itself, to embrace a variety of ideas, particularly from philosophy and the humanities and (3) a concern for the ‘other’, so as to challenge the unspoken and often unrecognized ‘taken-for-granted’ aspects of what entrepreneurship is and what it might be. Such tendencies are fundamentally different by degree (rather than contrast) from current norms; yet, these tendencies can make a significant difference in current scholarly practice in entrepreneurship, as well as our understanding of the entrepreneurial phenomenon.     

Nascent entrepreneurship panel studies: progress and challenges

Economics, history, organizational theory, psychology, public policy, social psychology, sociology, and strategy have all had something to say about business creation. Though the multiple lenses have produced important insights, they have not always defined the phenomenon in terms that can easily be translated from one discipline to another. Operational definitions differ. Convenience samples may suffer from retrospective biases. However, representative samples are expensive to gather. The Panel Studies of Entrepreneurial Dynamics (PSED) are almost alone in examining the actions of entrepreneurs at the time they are organizing their businesses. This Special Issue presents a selected set of refereed papers involving the Norwegian PSED (NPSED) and Swedish PSEDs (SPSED) as well as PSED I and PSED II from the USA. In the context of highlighting the articles in this issue, some insights are offered about the kinds of research accomplishments that have been achieved. Challenges for future research on nascent entrepreneurs are also suggested.