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Research on impact of entrepreneurial alertness on entrepreneurial performance
Chen Yun, Zhao Fuqiang, Zhu Hanqiu, Li Shiqi
Science Research Management ›› 2024, Vol. 45 ›› Issue (2) : 21-29.
PDF(1199 KB)
PDF(1199 KB)
Research on impact of entrepreneurial alertness on entrepreneurial performance
The call for mass entrepreneurship and innovation has stimulated the entrepreneurial enthusiasm of the Chinese people, and a large number of new startups have emerged in a short time with the support of the state. However, the survival rate of new startups in the volatile, uncertain, complex and ambiguous environment is extremely low. Therefore, it is very important to the survival and development of new startups for entrepreneurs how to make rational use of prior knowledge, maintain entrepreneurial sensitivity, timely identify entrepreneurial opportunities, and creatively assemble resources to improve entrepreneurial performance. Based on this, and according to the resource-based theory, this study aimed to take entrepreneurial bricolage as the mediation variable, the internal prior knowledge and the external dynamic environment as the moderation variable, constructed a two-stage moderated mediation model of entrepreneurial alertness on entrepreneurial performance, and explored the mechanism and boundary conditions of entrepreneurial alertness on entrepreneurial performance. The empirical analysis on 340 sample data drew the following conclusions through factor analysis, structural equation modeling, and multiple regression analysis. Firstly, entrepreneurial alertness has a significant positive impact on entrepreneurial performance. Secondly, entrepreneurial bricolage partially mediates the impact of entrepreneurial alertness on entrepreneurial performance. Thirdly, prior knowledge negatively regulates the direct effect of entrepreneurial alertness on entrepreneurial bricolage and its indirect effect on entrepreneurial performance through entrepreneurial bricolage. The richer the prior knowledge, the weaker the direct and indirect effects. Finally, dynamic environmental negatively regulates the direct impact of entrepreneurial bricolage on entrepreneurial performance and the indirect effect of entrepreneurial alertness on entrepreneurial performance through entrepreneurial bricolage. The higher the environmental dynamics, the weaker the direct and indirect effects.
The possible innovative contributions of this study are as follows. Firstly, exploration of the mediating mechanism of entrepreneurial bricolage not only reveals the black box mechanism of entrepreneurial alertness on entrepreneurial performance, but also breaks through the existing opportunity research perspective and expands the resource research perspective. Most of the existing research on the impact of entrepreneurial alertness focuses on the perspective of opportunities, but lacks attention to resource allocation. This study introduced entrepreneurial alertness into the field of resource allocation, and explored the mediating role of entrepreneurial bricolage between entrepreneurial alertness and entrepreneurial performance, thereby expanding the perspective of entrepreneurial alertness resources and enriching the research on its pathways and mechanisms. Secondly, the conclusion that the boundary conditions of prior knowledge contradict existing research findings has not only deepened the positive impact of prior knowledge on startups, but also found its negative impact, thus expanding the double-edged sword effect of prior knowledge. Most existing studies have explored the positive impact of prior knowledge on entrepreneurial bricolage and entrepreneurial performance, while few scholars have explored the negative impact of prior knowledge on the field of entrepreneurship. This study found that prior knowledge negatively regulates the direct impact of entrepreneurial alertness on entrepreneurial bricolage and the indirect effect of it on entrepreneurial performance through entrepreneurial bricolage, thus supplementing the shortcomings of prior knowledge theory research from a negative perspective. Finally, the investigation of dynamic environmental boundary conditions not only deepens the application research of contingency factors in the field of entrepreneurship, but also expands the situational conditions for the role of entrepreneurial alertness mechanisms.
Most existing studies have focused on the impact of external environmental factors on the entrepreneurial field, but the explanation of the mechanism of the entrepreneurial process is not yet clear. However, this study deepened the impact of contingency factors in the entrepreneurial field by examining the moderating effect of dynamic environment on the impact of entrepreneurial alertness on entrepreneurial performance, and expanded the situational conditions under which entrepreneurial alertness plays a role. Therefore, the relevant conclusions can provide theoretical basis and decision-making reference for entrepreneurs' management practice on how to improve entrepreneurial performance.
entrepreneurial alertness / entrepreneurial bricolage / entrepreneurial performance / prior knowledge / dynamic environment
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In the context of economic transformation, innovation and entrepreneurship have become new engines driving China's economic development. The reasonable allocation of opportunities and resources in the entrepreneurial process will determine the entrepreneurial performance of enterprises. However, how to complete the mutual utilization of entrepreneurial opportunities and resources is still an unsolved problem. From entrepreneurial opportunities resources integration perspective, we selected China FAW Group Corporation as the research object, take the network as a situational variables to explore opportunities and resources under the impetus of the business leaders, how to symbiotic evolution and promote innovation diffusion mechanism then draw the following conclusions: (1) the interaction of entrepreneurial opportunities and resources is found in a dual dynamic behavior of the network level. (2) network expansion and clustering are system-driven integration behaviors, which jointly promote innovation diffusion and entrepreneurship strategy update. (3) according to the organizational development stage, leaders should realize the advantage allocation of opportunities, resources and innovation to maintain the dynamic balance of interactive flow within the entrepreneurial control system.
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As a fundamental theoretical breakthrough of entrepreneurship research, entrepreneurial bricolage does not only enlighten how all kinds of enterprises overcome resource constraints and implement innovation, but also serve as an integrating theory to combine two conflicting central propositions about the emergence of opportunities: discovered or created. However, theorizing on bricolage is still in its infancy and fragmented in various topics and mixed conclusions. Thus, we search and summarize 191 literatures, offering a literature review that gives a clearer understanding of antecedents and outcomes of entrepreneurial bricolage and research contexts, then set a research agenda and priorities for future studies: ①clarifying the definition and boundary of resources at hand; ②elucidating the content and mechanism concerning what is entrepreneurial bricolage and how it happens and evolves; ③extending the research contexts of bricolage; ④examining the effect of network, institution and prior experience on bricolage; ⑤building contingency models of entrepreneurial bricolage-performance relationship instead of examining causality.
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创业成功及其衡量标准是创业领域研究的关键问题之一。创业成功不仅在实业界长期被激烈争论，其进入学术视野后，也引起了理论界的广泛探讨。目前，对于创业成功的内涵、维度及其测量的研究较为鲜见，尚存在争议。本文基于已有创业成功理论研究,通过对文献系统性的梳理与对创业者的半结构化访谈，提炼、完善了创业成功的维度，并开发出相应的测量量表。利用二次大规模问卷调查收集一手数据，通过对该数据进行探索性因子分析和验证性因子分析，结果显示，本研究开发出的测量量表具有较高的信度和效度。实证分析结果表明，本研究开发的测量量表很好地反映了创业成功的内涵，较好地弥补了已有创业成功研究测量维度与量表的不足。最后本研究评述了研究的局限性，并展望了未来的研究方向，以供创业领域研究学者参考。
The measure of business success is one of the key problems in the field of entrepreneurship research. Entrepreneurial success was not only debated fiercely in the industry,after coming into the academic field, it also aroused widespread discussion in the theoretical circles. At present, the connotation of entrepreneurial success, dimensions and measurement are rare, there is still controversy. Based on the existent study of entrepreneurial success, this paper refines and improves the entrepreneurial success dimensions and develops the corresponding measurement scale through the systematic combing of literature and semi-structure interviews of entrepreneurs. It uses the second large-scale questionnaire to collect first-hand data and analyzes exploratory factor and verification factor of the data. Results show that the measuring scale has high reliability and validity. The empirical results show that measurement scale developed in this research well reflects the connotation of entrepreneurial success, and makes up for the deficiency of entrepreneurial success dimensions and scale of the existing research. In the end,the study reviews the limitations of the study and look forward to the future research directions to provide reference for research scholars in the entrepreneurial field.
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