Analysing the Antecedents of Entrepreneurial Bootstrapping and Bricolage: A Modified Total Interpretive Structural Modelling and MICMAC Approach

Abstract

This article seeks to systematically identify and model antecedents of entrepreneurial bootstrapping and bricolage to determine and interpret the relationships and hierarchy between them. Entrepreneurial bootstrapping and bricolage are key dynamic capabilities that help entrepreneurs access, accumulate and enhance resources to adapt to scarce business environments. The article employs a modified total interpretive structural modelling analysis to determine hierarchical inter-relationships between the antecedents and a Matrice d’ Impacts Croises Multiplication Applique An Classment analysis to understand their driving and dependence powers. The results highlight that founder characteristics and human capital are placed at the lower levels, making them critical driving elements of the model along with environmental hostility and resource constraints. Entrepreneurial orientation, slack, external financial capital and entrepreneurial frugality are dependent variables, with social capital as a linkage variable. This study will guide entrepreneurs trying to implement resourcefulness behaviours to respond to the coronavirus disease-2019 crisis by prioritising driving antecedents to impact the dependent factors further.