“I can't get it out of my mind” - Why, how, and when crisis rumination leads entrepreneurs to act and pivot during crises

IF 7.7 1区 管理学 Q1 BUSINESS
Bach Nguyen , Hai-Anh Tran , Ute Stephan , Ha Nguyen Van , Pham Thi Hoang Anh
{"title":"“I can't get it out of my mind” - Why, how, and when crisis rumination leads entrepreneurs to act and pivot during crises","authors":"Bach Nguyen ,&nbsp;Hai-Anh Tran ,&nbsp;Ute Stephan ,&nbsp;Ha Nguyen Van ,&nbsp;Pham Thi Hoang Anh","doi":"10.1016/j.jbusvent.2024.106395","DOIUrl":null,"url":null,"abstract":"<div><p>Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed a micro-level model to explain why entrepreneurs who are under strain due to a crisis, as indicated by experiencing crisis rumination, adopt an active approach – i.e., using active coping and engaging in pivoting. Moreover, prevention-focused entrepreneurs who are habitually more sensitive to losses are especially stimulated by crisis rumination to pivot to prevent (further) resource losses. We tested our model in an experiment and an eight-month longitudinal study with entrepreneurs during an inflation crisis.</p></div>","PeriodicalId":51348,"journal":{"name":"Journal of Business Venturing","volume":"39 4","pages":"Article 106395"},"PeriodicalIF":7.7000,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S088390262400017X/pdfft?md5=64f8a562c86638c6de7a4e1761d0298b&pid=1-s2.0-S088390262400017X-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Venturing","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S088390262400017X","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0

Abstract

Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed a micro-level model to explain why entrepreneurs who are under strain due to a crisis, as indicated by experiencing crisis rumination, adopt an active approach – i.e., using active coping and engaging in pivoting. Moreover, prevention-focused entrepreneurs who are habitually more sensitive to losses are especially stimulated by crisis rumination to pivot to prevent (further) resource losses. We tested our model in an experiment and an eight-month longitudinal study with entrepreneurs during an inflation crisis.

"我无法忘怀"--为什么、如何以及何时危机反刍会导致企业家在危机中采取行动和转向
为什么有些企业家会在危机中转变商业模式,而有些企业家则比较被动?我们将资源保护理论与危机反刍研究相结合,建立了一个微观模型来解释为什么那些因危机反刍而承受压力的创业者会采取积极的方法,即使用积极的应对方法并参与转向。此外,惯常对损失较为敏感的注重预防的创业者尤其会受到危机反刍的刺激而采取转向措施,以防止(进一步的)资源损失。我们通过一项实验和一项为期八个月的纵向研究,在通胀危机期间对企业家进行了测试。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
16.70
自引率
6.90%
发文量
59
审稿时长
77 days
期刊介绍: The Journal of Business Venturing: Entrepreneurship, Entrepreneurial Finance, Innovation and Regional Development serves as a scholarly platform for the exchange of valuable insights, theories, narratives, and interpretations related to entrepreneurship and its implications. With a focus on enriching the understanding of entrepreneurship in its various manifestations, the journal seeks to publish papers that (1) draw from the experiences of entrepreneurs, innovators, and their ecosystem; and (2) tackle issues relevant to scholars, educators, facilitators, and practitioners involved in entrepreneurship. Embracing diversity in approach, methodology, and disciplinary perspective, the journal encourages contributions that contribute to the advancement of knowledge in entrepreneurship and its associated domains.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信