Laurel F. Ofstein

Perceived entrepreneurial munificence and entrepreneurial intentions: A social cognitive perspective

Adopting a social cognitive theory perspective, this article examines the factors that influence entrepreneurial intentions through the interaction between cognitive factors and perceived environmental munificence. Specifically, it introduces and demonstrates that the effect of one’s perceived ability to become an entrepreneur on the intention to engage in such a behaviour is contingent upon the perception of an environment rich in entrepreneurial munificence, in this case, within an incubator setting. Perceived entrepreneurial munificence also helps strengthen the relationship between risk-taking propensity and entrepreneurial self-efficacy. Results and implications for future research on entrepreneurial intentions at the interface between cognitive and environmental factors are discussed.

Coopetition among nascent craft breweries: a value chain analysis

Purpose The purpose of this paper is to employ an inductive approach to explore how small, nascent, firms in the craft brewing industry use cooperative behaviours with direct competitors to achieve their goals. Design/methodology/approach Data were gathered from interviews with the founders of seven small, newly established, craft brewers in a Midwestern city in the USA for this exploratory study. Data analysis followed the general tenants of inductive coding. Porter’s value chain model was used as a framework to organise and conceptualise the coopetitive behaviour uncovered. Findings The firms engage in cooperative behaviours with their direct competitors in areas such as process technology development, procurement, inbound logistics and marketing. A particularly interesting and common collaborative activity was breweries recommending/promoting competing breweries to their own customers. Practical implications This study provides clear examples of how relationship building with competitors could be advantageous and help small, nascent firms overcome the liabilities of newness and smallness. Originality/value Research on coopetition has called for a greater understanding of the nature of cooperative behaviours in small firms, start-ups and firms outside of high-technology industries. Moreover, research has called for finer-grained approaches to conceptualising coopetition. This paper fills these gaps and shows how Porter’s value chain is a useful tool for organising the types of collaborative behaviours that can be part of coopetition. The findings enhance understanding and facilitate future research by illustrating a broad array of cooperative activities that occur between direct competitors.

Entrepreneurial Team Creativity: Driving Innovation from Ideation to Implementation

Innovation in entrepreneurial firms is influenced by team creative processes. This study investigates how perceptions of team creativity lead to the generation, promotion and implementation of new ideas and opportunities for the enterprise, increasing the firm’s innovation performance. The results of the study of respondents across industries disclose how teams develop ideas and solutions, and turn them into new opportunities for the organization. Creativity and innovation have been widely studied, yet few studies have focused on entrepreneurial team creative practices in pursuit of new ideas for business development. This study contributes to our understanding of the team behaviors that lead to the formation of new and useful ideas that are promoted and implemented to bring benefits to the team, organization, and marketplace.

Book Review: Inside Social Enterprise: Looking to the FutureFitzhughHelen and StevensonNicky, Inside Social Enterprise: Looking to the Future, Policy Press, Chicago, IL, 2015, 233 pp

312 entrepreneurial start-up on completion of their studies. To enhance the learning outcome, each chapter concludes by presenting several ‘Think’ exercises for learners to reflect on, and each chapter ends with a case study to help learners make a direct link between theory and practice, which is followed by a discussion question. The book is appropriate for those either teaching or studying the subject, as it provides a comprehensive list of historical and current theoretical neurship. However, the text aims instead to provide the reader with a greater depth of insight into, and understanding of, the subject. I would recommend this textbook for any student in the field. The insights it provides will surely increase readers’ knowledge and depth of understanding sufficiently to enable them to initiate future entrepreneurial activities, or to undertake further research in the field of entrepreneurship. frameworks, and is accompanied by online resources and a teacher’s manual. Further use of up-to-date theories and case studies would have been beneficial for learners and those planning to initiate entrepreneurial activities in order to help them relate more closely to modern entrepreneurship. The book focuses on purely entrepreneurial issues rather than dis-cussing management, marketing, growth or strategies – all of which are critical and relevant issues in entrepre-