Triggering Factors that influence the Entrepreneurs

Triggering Factors that influence the Entrepreneurs Research in entrepreneurship has introduced many aspects of how and why people make decisions in new venture creation (Shane, 2002). Entrepreneurial individuals are often motivated by economic and/or psychological factors. Scholars have agreed that the entrepreneurial process and theories involve a complex set of variables that are beyond any single aspect. To identify motives and incentives of entrepreneurial activities involves disseminating several layers of relationships between personal factors, external forces and other random events (Liang and Dunn, 2007). From the existing literature we can rationally hypothesize that, the decision to launch a new venture probably includes individual endogenous factors and exogenous factors of the environment. Limited studies have discussed the possibility that pre business entrepreneurs (who are planning to become entrepreneur) might have different triggers to launch new ventures compared to in-business (who are expanding the business) professionals. Triggers as defined by Liang and Dunn (2007) forces in the individuals or in the individuals perception of their situation that move them toward the entrepreneurial process. It is important to distinguish triggering factors and triggering events from triggers. Triggering events are more like something happened as an occasion or an episode that influence individuals assessment on the situation. Triggering factors could be interpreted as issues or features that influence individuals perspectives about certain situations (Liang and Dunn, 2007). This study measures the triggers, which influences the professionals (who are planning to become and those who wants to expand their business) to become entrepreneurs. In addition to this we will also measure the relationship between the triggers and demographics of individuals. This study is of major interest to various government organizations like small and medium enterprises (SMEDA), non government organizations (NGO), policy makers of government and business to business organization (B2B). Implications of this research study will help them to identify the pattern of individuals, who wants to become entrepreneurs and which triggers them to think about starting new venture. Literature Review The purpose of the literature review is to outline the triggers identified by various researchers/authors and to analyze the dimensions in which different authors works on the entrepreneurs triggers. At a basic level, entrepreneurship is recognized as a highly personalized activity. The entrepreneur is motivated to create a venture, which reflects their vision and ambitions, and is prepared to review and reorganize their social environment to make it materialize (Morrison, 2000) Characteristics of entrepreneurs identified by various authors (Longenecker, Moore, Petty,2000; Scarborough Zimmerer, 2000; Bhide, 2000) are high achievement drive, action oriented, optimism, opportunistic, internal locus of control, tolerance for ambiguity, moderate risk taking, commitment/tenacity, commitment, initiative, independence or some form of one or more of these. These authors also determines motivation related to new venture formation, to enjoy what individuals are doing, revolves around the opportunity to gain control over personal lives/independence, to achieve personal goals and recognition, to get profits/financial rewards, and to make a difference/contribute to society. The key of the entrepreneurship process initiations depends within the individual of the society and the extent to which individuals wants to enter in new ventures and holds the spirit of enterprise (Morrison, 2000) McLelland, (1961) identified common characteristics and behaviors, Those which emerged relative to all the entrepreneurs are: they bring intelligence and sound analytical skills to bear on risk management; they are all in some respect deviants from the social norms within their countries; to differing degrees they exhibit strong moral, work and business ethics; irrespective of industry sector a strong traders instinct is apparent; they are committed to life-long learning through both formal and informal mechanisms; and extensive use is made of both informal and formal networks. Morrison et al., (1998) proposed that the entrepreneurship is initiated by the personal, society and culture intuition. Entrepreneurship is not only initiated by the economic aspects but it involves material, immaterial and idealism functions. The fundamental nature of the entrepreneurship is the use of innovatory process and the risk bearing by the individual, through which individual wants to bring change in both a social and economic nature of his own and the society. Kirzner (1979) believes that the source of entrepreneurship within the human spirit flourish when there is uncertainty and competition. This enterprising spirit in terms of inspirational means is described by Gilder(1971, p 258) The spirit of enterprise wells up from the wisdom of ages and the history (of the west) and infuses the most modern of technological adventures. It joins the old and new frontiers. It assers a firm hierarchy of values and demands ad hard discipline. It requires a life of labor and listening, aspiration and courage. But it is the source of all we are and can become, the saving grace of democratic politics and free men, the hope of the poor and the obligation of the fortunate, the redemption of an oppressed and desperate world. Longenecker, Moore, Pettit, Palich (2006) suggested that entrepreneurs wanted to make money, become their own boss, escape a bad situation, enjoy and satisfying life, and contribute to the community. Bygrave (1989) discussed entrepreneurship as a process that involved triggering event, innovation, implementation, and growth. In the triggering event stage he suggested that there were sociological, personal, and environmental factors that led to entrepreneurship. Again, both internal and external forces seemed to be at play. Culture is an important variable in entrepreneurship because it establishes the attitudes of individuals towards the commencement of entrepreneurship (Vernon-Wortzel and Wortzel, 1997). Every era produces its own models of entrepreneurship according to its specific needs of the host society; however, it has been described consistently using terms such as innovative, holistic, risk-taking and co-coordinating ways of behavior. Certain cultural institutions may facilitate, or hinder, entry into entrepreneurship. Thus, it is proposed that the culture of societies and the characteristics of people living in these societies, impacted by certain innate personality traits, will influence the degree to which entrepreneurship is initiated (Morrison, 2000). The above provided argument by the Morrison, (2000) is supported by the  Bateman (1997), those economies and regions which have flourished in the late 20th century, have in common a business culture, which can be broadly described as entrepreneurial. It is attuned to the needs of a changing market economy and receptive to changing demands, innovations, products, opportunities and technologies. Entrepreneurship has been found to be important and meaningful in society at points of transition, for example, traditional to modern, modern to post-modern and state-controlled economies to free-market. At each of these points, entrepreneurship is harnessed by societies as a common approach to solving dilemmas, to break old, stable and hierarchical traditions and institutions and to introduce new, innovative ways of behavior. Thus, it is suggested that entrepreneurship can be regarded as an instrument for changing the culture of an era (Morrison, 2000) According to Timmons (1994, p. 9) about entrepreneurial behavior is, what is needed is a favorable environment which combines social, political and educational attributes. In particular it requires: A culture that prizes entrepreneurship, an imperative to educate our population so that our entrepreneurial potential is second to none; and a government that generously supports pure and applied science, fosters entrepreneurship with enlightened policies, and enables schools to produce the best educated students in the world. Dollinger (1995) discussed what he characterized as the impetus for entrepreneurship. He discussed the Sociological Approach which focused on four factors that led entrepreneurs toward new venture creation. Negative displacement was where individuals were marginalized from society, because of who they were or their situation including being fired or not satisfied with their current employment or divorced. Between things included individuals between stages of their life. Positive pull included other people (potential collaborators, parents, customers) who provided an impetus to entrepreneurship. Positive push included entrepreneurs who, because of their education or situation, were pushed toward entrepreneurship. Individual factors or a combination of any of these factors could move the entrepreneur toward new venture creation. The manner, in which the young are conditioned from an early age through the formal education system, and the fact that dominant approaches are frequently reinforced within family life, plays a significant role in the initiation of characteristics generally associated with entrepreneurial behavior (Gibb, 1996). It has been identified that a characteristic of entrepreneurship is that it tends to pervade family life, with the entrepreneur being unable to divorce business from social living (Deakin, 1996). In this respect, family background plays a role in two ways. First, if an entrepreneur has previous experience of the effect of entrepreneurship from a family member they are more prepared for the consequences of their own activities. Second, family support of entrepreneurship can make a positive contribution to its sustenance. For all the entrepreneurs represented in the study, positive immediate family support for their entrepreneurial behaviour had played an important part in its sustenance. What was also identified as of significance was the role of the extended family in enabling access to funds and markets to support individual entrepreneurs in the creation and development of their businesses Within some societies there is a practice of saving for the future, while within others the focus is on living and spending to enjoy the moment. This has an implication for the amount of personal funds that may be available for investment in business. The dominant cultural attitudes, values and beliefs of a population at one particular point of time will result in a particular common mind-set relative to the degree to which entrepreneurship is supported by society (Gilder, 1971). The entrepreneur in terms of who he/she is and what he/she does, which has often resulted in characterizing persons who might be more likely to become entrepreneurs than others (Rerup, 2005). To date, scholars suggest three broad types of entrepreneurs, namely (a) Nascent, (b) Novice, and (c) Habitual entrepreneurs (see e.g. Birley and Westhead, 1993; Kolvereid and Bullvà ¥g 1993; Wright 1997; Westhead and Wright, 1998). The (a) nascent entrepreneur has not yet engaged in an entrepreneurial venture but has a general aspiration of establishing a business. The (b) novice entrepreneur has established one venture but does not have any prior entrepreneurial experience (Westhead et al. 1998). Lastly, the (c) habitual entrepreneur has established at least one other business prior to the current venture, hence possesses prior entrepreneurial experience. At some point, all entrepreneurs are nascent and then novice. Hall (1995) who divides habitual entrepreneurs into four sub-types; namely serial entrepreneurs, portfolio entrepreneurs, serial inheritors or serial management buy-outs (MBOs) /management buy-ins (MBIs), and multiple corporate entrepreneurs. Serial and portfolio entrepreneurs have repeatedly engaged in the creation of new ventures Serial entrepreneurs exit (close or sell) their current business before establishing a subsequent venture, whereas portfolio entrepreneurs keep ownership in more than one business at a time; hence have ownership stakes in a portfolio of businesses. In contrast, serial corporate entrepreneurs (or intrapreneurs) are persons who create new combinations of resources or realize new business opportunities in existing companies. Both, inheritors or serial MBO/MBI entrepreneurs are not traditionally regarded as true entrepreneurs because MBOs and MBIs do not create new businesses per se (Deakins and Freel, 2003). Purpose of this Study The main purpose of this study is to investigate theoretically and test empirically The difference between pre business versus In business entrepreneurs triggers Which pre-business entrepreneurial triggers have relationships with demographics Which In-business triggers entrepreneurial have relationships with demographics Conceptual Frame Work The conceptual frame work of this study is taken from the study of Liang and Dunn (2007). Data Analysis Technique Cronbachs alpha for internal consistency, factor analysis to reduce the variables in each trigger, and regression analysis will be used to check the relationship Data Collection Data will be collected from the professionals who are planning to become an entrepreneur and entrepreneur who are planning to expand their existing business. Sample Size The total sample size will be 200 professionals from Lahore and Islamabad, with equal consideration of respondents from each city and equal representation of pre-business and in-business professionals. Research Instrument Triggers of entrepreneur which will be 42 and demographics variables considered will be gender, education level, age, marital status, type of business and years of experience of respondents will be taken from the study of Liang and Dunn (2007).

The diversity of religions is another argument

Personally, I find the Halls’ arguments convincing, maybe because they are consistent with my previous experience. My opinion is that science is a more reliable way of exploring the world. Its advantage is that there is only one science with the scientific method universally recognized in all or most parts of the globe, whereas the marginalization of different parts of society often occurs because there are different religions and people follow different views.The diversity of religions is another argument why science as a universal world outlook should take precedence before it.The scientific method seems to be a far more reliable method of exploring the world. It is based on observations, not some obscure revelations of prophets and messengers from God, and the scientist is expected to be thorough and honest in documenting the outcomes of the experiment. Of course, there is also room for the construction of hypotheses that come arbitrarily out of somebody’s mind, but these have to be substantiated with factual evidence in order to become valid knowledge.Presupposition of the existence of some kind of transnatural forces will inevitably mar the investigation of scientific facts because it leaves too much space to issues that arbitrarily affect the results of the investigation. Some people can object to the scientific method because they think it will leave the world very dry and boring.People have to understand that this mystical view of the world can leave it unexplored because consideration of issuers irrelevant to the process will have to become part of it.2. The essay by Edwin A. Locke does include ideas that merit attention. However, it sounds too supremacist with regard to other nations.The problem with identifying the success of the West with its more sound ideology lies in the fact that it many factors contributed to the prominence of the West. Some would say that it simply managed to rise ahead of other states, suppressing them with colo nialist policies. That other nations did not embrace technology often means that they had poor access to it.Robert Wright in his essay takes a different viewpoint. He critically assesses the notion of ‘manifest destiny’ for America that supports the idea of its greatness. Besides, he advocates that ethnocentrism is actually wrong for America because it conflicts with multiculturalism that permits peaceful coexistence of all people in the same land. International relations can also profit if American stop asserting their superiority and turn a more open eye toward other nations.3.   Lukacs believed that the dominate ideology of the 20th century was nationalism. Alliance between people on the basis of nations proved to be more powerful than affinity that was based on class as the one assumed Marxists.Lukacs argues that people were swept by nationalist feelings that outstripped other ideological quirks such as Communism. The Cold War was, in the opinion of Lukacs, protra cted because of the persisting anti-Communism embraced by many in the West. In Lukacs’ view, this is a spontaneous, often irrational feeling that surfaces only within the bourgeoisie, but also among workers themselves.The main reason for its existence is the desire of respectability. His criticisms can also be applied to anti-terrorism rampant today, a feeling that also leads to oversimplification and overstatement of the challenge – for example, manifested in the proneness to blame the whole Muslim world for the acts.The author identifies problems with the dissolution of the empires with the rise of nationalist feelings in these areas, spurred on by masses and desire of local officials to become leaders of new states.Nationalistic feelings also fuel wars for independence that occurred in the colonial world in the 20th century where the people sought to throw off the yoke of foreign powers, not necessarily for the benefit of their own nation. The state in Lucacsâ€℠¢ perception is the political entity that is formally constructed: for instance, the Soviet state was dominated by one party. The nation, on the other hand, is more easily identifiable with people.4. Fundamentalism is going to be one of the key issues that dominate American politics and the national policy-making worldwide. It represents the trend to address religious texts for guidance on all historic events, a road map to success and an accurate prediction of future events if humans interpret it correctly.This tradition leads people to interpret modern history in apocalyptic terms, viewing the world as a battlefield between the Christ and the Anti-Christ. This can lead to the inclination to discard all technological innovations because the Satan is expected to make use of them in order to take control of the earth. Moreover, people will expect the second coming of the Christ.

A Lesson before Dying by Ernest J. Gaines Essay - 1992 Words

A Lesson before Dying, one of Ernest J. Gaines later works, was written in 1993. Some of his earlier works include A Gathering of Old Men and In My Father’s House. The novel covers a time period when blacks were still treated unfairly and looked down upon. Jefferson, a main character, has been wrongly accused of a crime and awaits his execution in jail. Grant, the story’s main protagonist must find it within himself to help Jefferson see that he is a man, which will allow him to walk bravely to his fate that lies in the execution chair. A Lesson before Dying captures the tale of a young teacher, who by helping another mistakenly finds his own soul. This paper explains the literary background of Gaines, facts about the novel, literary†¦show more content†¦It was here that Gaines discovered his passion for writing.(Discovering Authors 1). His first novel was published in 1964. He began to receive awards, his most famous becoming the Autobiography of Miss Jane Pit man. Becoming a highly analyzed novel, many critics speak about their feelings. Carl Senna, one a literary critic, discusses the reasons for lack of communication in A Lesson before Dying. A large part of their communication problem comes directly from their class differences. Although Grant is not considered rich, he is well educated and lives rather comfortably, whereas Jefferson is nearly illiterate and has been a struggling farmhand most of his life. This gap that separates them makes it very difficult for them to speak. Neither one of them is at fault for this, but it frustrates Jefferson to the point where he often wants to leave the jail cell and not return. Also Grant speaks with Jefferson reluctantly, prompted by his aunt, a moralizing scold and a nag(Senna 5). Another good point Senna makes is that because of the time period, blacks were struggling to become equals and were more engrossed with their own wants and needs than worrying about Jefferson. Yes, they all realized that h e is innocent but they are not at a time where they can fight for the innocence of this young boy. Therefore Grant becomes their instrument in trying to save him[Jefferson] from disgrace(Senna 5). Jefferson was not seen as much to theseShow MoreRelatedA Lesson Before Dying By Ernest J. Gaines1640 Words   |  7 PagesThe definition of what it means to be a human or a man, is a topic that is has been and is often discussed all over the world today. In the novel A Lesson Before Dying by Ernest J. Gaines, Gaines breaks down the meaning of what it means to be a man thought a character named Grant Wiggins. Grant Wiggins is the main character of the novel and is a very educated African-American man who is also a teacher at a local church in the town. He is trying to define and understand the concept of what it meansRead MoreA Lesson Before Dying By Ernest J. Gaines1094 Words   |  5 PagesA Lesson Before Dying by Ernest J. Gaines, Vintage Contemporaries  ©1993, 256pp. In his poignant and moving novel, A Lesson Before Dying, Ernest J. Gaines asks us questions that reignite our own quest for the meaning of compassion. What do you teach a man condemned to die? What lesson might be useful in the final month of a man’s life? Is there a futility that we succumb to when we accept the judgment of men? These are the questions faced by Grant Wiggins, a young, black school teacher who has returnedRead MoreA Lesson Before Dying By Ernest J. Gaines1293 Words   |  6 Pageseveryone is a student and a teacher in their own discoveries about the lessons of life. As hard as it can be to assimilate in a situation where you re at a disadvantage, Grant Wiggins and Jefferson took the jaundiced community and made their mark on the static populace. Everyone deserves the right to grasp certain basic lessons, even if it is not encouraged in your society. As the title implies, in A Lesson Before Dying, by Ernest J. Gaines, Grant and Jefferson acted as both the teac her and student in orderRead MoreA Lesson Before Dying By Ernest J. Gaines926 Words   |  4 Pages I found A Lesson Before Dying by Ernest J. Gaines a deeply moving novel, which kept me on the edge of my seat and had a hard time putting down. The novel explores various themes and concepts that surround the education system, filled with multiple emotional moments, conflicts, and surprising moments scattered throughout the storyline. However, the novel does not just focus on the education system and its underlying issues, but it also focuses on human transformation, where the emotional momentsRead MoreA Lesson Before Dying By Ernest J. Gaines960 Words   |  4 Pages â€Å"A Lesson Before Dying† is known as an outstanding book, in which I would have to agree on. 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He still tells her how he wants to run from his problems, the South. Vivian lets him know that her coworkers know about her affair with him. Chapter 13 Plot: Miss Emma goes to church on Sunday. Grant remembers the Friday before when Miss Emma and Reverend Ambrose were sitting in the kitchen along with Tante Lou. When Miss Emma asks about his visit with Jefferson he lies and says that he is doing fine. Grant doesn’t believe in the Bible’s teachings. Grant sits at his desk

Poverty in America and Inequality - 798 Words

â€Å"Poverty is the worst form of violence.† Mahatma Gandhi’s words still ring true in today’s society. Poverty is nothing to sweep under the rug or put on the back burner. While many statistics state that poverty is decreasing, other sources state the opposite. Poverty is a hot topic in the U.S., foreign countries, and speaks true about many genders, ethnic groups, and children. Poverty is present in today’s U.S. social system. For example, as Lesser states in the Clearinghouse Review, â€Å"Forty-six million Americans live in poverty† (1). Lesser then goes on to say how forty-six million Americans living in poverty correlates to almost one in every three single-parent families is poor (1). This is a daunting fact as it applies to today’s economic context with â€Å"rising unemployment rates and mortgage crises driving more individuals and families to seek the support of a cash-strapped social welfare structure† (Grijalva 1). With this in mind, many legislators are discussing the topic of poverty in the political realm. In order to tally the score of representatives the Sargent Shriver National Center on Poverty Law conducted its sixth annual Poverty Scorecard. â€Å"The 2012 Poverty Scorecard grades the voting record of every U.S. senator and representative on the most important poverty-related votes in 2012† (Lesser 1). The 2012 votes covered a range of topics such as budget and tax, food and nutrition, health care, housing, and many more (1). The results of the 2012 PovertyShow MoreRelatedPoverty And Poverty : America s Income Inequality1127 Words   |  5 Pagesin reference to America’s income inequality. Though ironic, it comes as no surprise that America, a continent that easily trumps other countries in terms of wealth would be affected by the issue of poverty at such high levels. 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