Entrepreneur optimism and the new venture creation process

James, Neil & Gudmundsson, Amanda (2011) Entrepreneur optimism and the new venture creation process. Journal of Asia Entrepreneurship and Sustainability, 7(2), pp. 52-71.

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By integrating two theoretical approaches to entrepreneurship research, the psychology of the entrepreneur and the entrepreneurship process, this paper proposes a new conceptual model examining entrepreneur behaviour and emotion across the new venture development process. Existing macro level research on the new venture creation process recognises the entrepreneur as a central agent in the process yet generally avoids, at each stage of the process, an examination of the micro level psychological experiences of the individual entrepreneur. Similarly, behavioural research examining entrepreneur individual differences has neglected to systematically explore the emotion and behaviour of the entrepreneur across the cycle of the new venture creation process. We propose a conceptual framework that integrates the exploitation phase of the new venture creation process with the psychological capital element of optimism and behaviour of the individual entrepreneur. Propositions for future research to facilitate deeper insight into the impact of entrepreneur behaviour and emotion on the new venture creation process and ultimately the success or failure of the new venture are offered.

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ID Code: 51081
Item Type: Journal Article
Refereed: Yes
Keywords: Entrepreneur Optimism, New Venture Process, Entrepreneurship
ISSN: 1176-8592
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2011 RossiSmith Academic Publishing
Deposited On: 26 Jun 2012 22:27
Last Modified: 25 Aug 2012 05:41

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