{"title":"Unveiling failure patterns of start-ups in the life sciences industry","authors":"Anna Khalemsky, Tali Hadasa Blank","doi":"10.1177/14657503241261540","DOIUrl":"https://doi.org/10.1177/14657503241261540","url":null,"abstract":"This research reveals failure patterns of firms within the life sciences industry, by utilizing a cluster analysis approach. We uncover hidden patterns in ceased firms and identify four distinct patterns: false start, false promise, realistic management, and walking dead. Each pattern represents a unique combination of firm characteristics that led to their downfall. The study sample consists of 230 ceased firms in the life sciences industry that are registered in the Israel Venture Capital database. By examining the similarities and dissimilarities between the patterns, the study aims to build a taxonomy of failures in the life sciences industry. The findings reveal that non-founder CEOs are more likely to halt their firm's operations during the R&D stage, despite having the highest performance compared to other patterns. This study contributes to a deeper understanding of entrepreneurship by focusing on failed endeavors. The results shed light on the leadership dynamics within these specialized and uncertain domains, providing valuable insights for decision-makers. Overall, this research enhances our knowledge of the factors contributing to failure and offers practical implications.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"69 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141346648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corrigendum to Challenges and opportunities for rural entrepreneurship in times of crisis","authors":"","doi":"10.1177/14657503241261446","DOIUrl":"https://doi.org/10.1177/14657503241261446","url":null,"abstract":"","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"88 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141359690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Orly Ganany-Dagan, Zeev Greenberg, Eli Gimmon, Vered Haas
{"title":"The pronounced embeddedness of commercial and social entrepreneurship in rural communities","authors":"Orly Ganany-Dagan, Zeev Greenberg, Eli Gimmon, Vered Haas","doi":"10.1177/14657503241261230","DOIUrl":"https://doi.org/10.1177/14657503241261230","url":null,"abstract":"This study examines the characteristics of entrepreneurship in rural villages. It was conducted during ongoingeconomic and social crises in rural areas. We interviewed 23 entrepreneurs located in small rural communities, focusing on thedynamics between rural entrepreneurs and village communities. Four themes emerged from the content analysis: (1) The village relieson entrepreneurs to provide products or services, (2) the community and the entrepreneurs establish a pattern of combined paid andunpaid services, (3) entrepreneurs leverage a rural product or service into something greater than was previously provided in thevillage, and (4) tensions may arise between entrepreneurs and the village management as well as village members. Overall, thefindings show that small business entrepreneurs in rural villages are more embedded in the community compared with those in urbanareas.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"46 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141359949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alexandra David, J. Terstriep, Susann Schäfer, Armando García Schmidt
{"title":"An intersectional perspective on the impacts and responses of entrepreneurs during the COVID-19 pandemic in Germany","authors":"Alexandra David, J. Terstriep, Susann Schäfer, Armando García Schmidt","doi":"10.1177/14657503241258933","DOIUrl":"https://doi.org/10.1177/14657503241258933","url":null,"abstract":"In the wake of the COVID-19 pandemic, research is swiftly progressing to comprehend the impact on solo self-employed individuals and microenterprises. Although there is unanimous agreement within the literature that this unprecedented event has profoundly affected businesses globally, evidence regarding these impacts’ precise direction and extent remains inconclusive. A limited understanding exists concerning the various intersecting factors influencing entrepreneurs’ affectedness and coping strategies. This article employs qualitative interview data to examine how entrepreneurs from knowledge-intensive services and retail and hospitality sectors in Germany experienced, navigated and responded to the multifaceted challenges posed by the COVID-19 pandemic. Results reveal that factors at the intersection of sector affiliation, gender, migrant background and care/parental responsibilities determine entrepreneurs’ affectedness and shape their coping strategies, including using state aid programmes. Highlighting distinct combinations of intersecting factors, we contribute to advancing the ongoing scholarly discourse on crisis dynamics and intersectionality in entrepreneurship and policymaking.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"2 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141388070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Varadaraj Aravamudhan, K. Sivakumar, C. R. Vishnu, K. Mohanasundaram
{"title":"Challenges faced by women entrepreneurs in rural India: A mixed-method study on perception","authors":"Varadaraj Aravamudhan, K. Sivakumar, C. R. Vishnu, K. Mohanasundaram","doi":"10.1177/14657503241254954","DOIUrl":"https://doi.org/10.1177/14657503241254954","url":null,"abstract":"Women entrepreneurs confront myriad issues related to economic, social, familial, market environments, and regulatory challenges in the rural Indian setting. These issues must be identified and characterized for designing policies/strategies to promote women's entrepreneurship. Accordingly, the key objective of this research is to identify and discuss challenges faced by women entrepreneurs in India, with a particular focus on rural areas of Rajasthan. Furthermore, the present research also investigates the inter-relationships between the challenges to determine the impact potential of individual challenges and issues. A mixed-method approach is adopted in the present article. Initially, a questionnaire-based survey was conducted to identify significant challenges and barriers confronted by women entrepreneurs in the selected region. A total of 120 responses were collected based on a purposive sampling procedure. The significant issues are further characterized using Interpretive Structural Modeling and MICMAC analysis. The research discloses that a lack of cooperation from male family members, weak bargaining power, self-esteem issues, psychological barriers, lack of government support, absence of adequate regulatory policies, problems in attracting customers, corruption, and other market behaviors as the major challenges faced by women entrepreneurs. The article also reports the impact potential of these challenges through a hierarchical model.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"42 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140972906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Resilience of rural businesses in times of crisis: Firm survival during the COVID-19 pandemic in Finland","authors":"Timo Mitze, T. Makkonen","doi":"10.1177/14657503241248284","DOIUrl":"https://doi.org/10.1177/14657503241248284","url":null,"abstract":"Little is known about the geography of firm survival during COVID-19. We investigated the effect heterogeneity of the pandemic itself and of business support funding by the Finnish government with respect to rural and urban business closures. To do so, we utilised regional data on firm survival, detailed business support funding data and a rural–urban typology for Finland. Results from panel regressions showed that the pandemic had an overall negative impact on businesses in terms of an increased closure rate of about 20–30% during the period 2020q2–2022q4, which was generally higher in urban than rural areas. While the bulk of business support funding from the Finnish government during the pandemic went to urban businesses, COVID-19 funding mitigated the effects of the pandemic on business closures equally across the different rural–urban categories. Counterfactual simulations show that the average closure rate would have been about 10–12% higher during the pandemic if no business support funding schemes would have been implemented.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"133 33","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140668840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SMEs’ resilience and cross-industry innovation before and after a crisis","authors":"Kaya Haugland Faeroevik","doi":"10.1177/14657503241248285","DOIUrl":"https://doi.org/10.1177/14657503241248285","url":null,"abstract":"Industry crises regularly threaten the existence of small- and medium-sized enterprises (SMEs) and place demands on their resilience while simultaneously providing opportunities for cross-industry innovation (CII). The current literature on CII has not examined how SMEs engaged in CII during a crisis. Using in-depth interviews conducted prior to the oil crisis in 2014 and at the end of the crisis in 2018, we evaluate how the disposition of nine SMEs towards CII contributes to their resilience. We show that CII capabilities strategy and mindset promote absorptive and adaptive resilience. Further, the longitudinal aspect highlights the mismatch between CII opportunities identified during prosperity and SMEs’ ability to realise these opportunities during a crisis. This is often rooted in the challenges of understanding the industry structure of the new CII segment. Successful CII is positive for SMEs’ resilience, and policy initiatives should strive to bridge industries, providing transparency for SMEs pursuing CII.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"4 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140666874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I. Steinerowska-Streb, J. Peterková, Artur Steiner
{"title":"Innovation and rural context: An exploratory case study of a small rural enterprise from the Czech Republic","authors":"I. Steinerowska-Streb, J. Peterková, Artur Steiner","doi":"10.1177/14657503241241415","DOIUrl":"https://doi.org/10.1177/14657503241241415","url":null,"abstract":"This study identifies i) factors that encourage small rural enterprises to innovate and ii) obstacles to introducing innovation. Using a case study of a rural business in the Czech Republic, the paper reveals that although rural businesses may experience innovation barriers, such as inadequate human resources and volatile market conditions, they can innovate, respond quickly and effectively to emerging market circumstances and turn threats into opportunities for growth. Importantly, many of the challenges and opportunities for innovation interplay with each other, with some obstacles becoming a foundation of creative and innovative solutions that help to develop a sustainable, modern and efficient enterprise. We highlight that the innovation of rural enterprises can be an outcome of pull and push factors that influence both product innovation and business innovation processes. Pull factors represent incentives and opportunities to stimulate rural innovation. Push factors, on the other hand, necessitate change and create pressures that must be addressed to ensure business longevity. The paper also shows that successful innovation is not free from agency, with the strategic vision and innovation outlook of business owners being a significant driver of innovation practices. Finally, our study shows that the innovation of rural enterprises depends on local, regional, national and international connections, and goes beyond rural areas, with a ‘think local and act global’ approach helping to harness opportunities in wider markets.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"6 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140375865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The interplay of affirmative action and entrepreneurial culture: Understanding institutional privilege and exclusion in Malaysia","authors":"Kautsar Ramli, Nick Williams","doi":"10.1177/14657503241229689","DOIUrl":"https://doi.org/10.1177/14657503241229689","url":null,"abstract":"The aim of this article is to examine how enterprise policies aimed at supporting ethnic groups influence entrepreneurial activity. Drawing on qualitative interviews with entrepreneurs and policymakers in the emerging economy of Malaysia, we show that policy intended to close interethnic gaps in entrepreneurial activity instead serves to increase differences. Parallel institutional environments are formed through socially negotiated accomplishments and are influenced by institutional antecedents including affirmative action policy. These conditions created advantages (institutional privilege) for the targeted population but disadvantages (institutional exclusion) for those who are not targeted in the preferential policies. Tensions between privilege and exclusion impact on entrepreneurial activity, increasing inequalities of different parties. The article provides a number of theoretical contributions and practical implications for policy.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"38 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139845841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The interplay of affirmative action and entrepreneurial culture: Understanding institutional privilege and exclusion in Malaysia","authors":"Kautsar Ramli, Nick Williams","doi":"10.1177/14657503241229689","DOIUrl":"https://doi.org/10.1177/14657503241229689","url":null,"abstract":"The aim of this article is to examine how enterprise policies aimed at supporting ethnic groups influence entrepreneurial activity. Drawing on qualitative interviews with entrepreneurs and policymakers in the emerging economy of Malaysia, we show that policy intended to close interethnic gaps in entrepreneurial activity instead serves to increase differences. Parallel institutional environments are formed through socially negotiated accomplishments and are influenced by institutional antecedents including affirmative action policy. These conditions created advantages (institutional privilege) for the targeted population but disadvantages (institutional exclusion) for those who are not targeted in the preferential policies. Tensions between privilege and exclusion impact on entrepreneurial activity, increasing inequalities of different parties. The article provides a number of theoretical contributions and practical implications for policy.","PeriodicalId":126058,"journal":{"name":"The International Journal of Entrepreneurship and Innovation","volume":"103 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139786218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}