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The Entrepreneurial Facets as Precursor to Vietnam’s
Economic Renovation in 1986
-- Vuong Quan Hoang, Dam Van Nhue, Daniel van Houtte and Tran Tri Dung
This research, aims to develop a conceptual framework to assess the entrepreneurial properties of the Vietnamese reform, known as Doi Moi, even before the kickoff of Doi Moi policy itself. The authors argue that unlike many other scholars’ assertion, economic crisis and harsh realities were neither necessary nor sufficient conditions for the reform to take place, but the entrepreneurial elements and undertaking were, at least for the case of Vietnam’s reform. Entrepreneurial process, on the one hand, sought structural changes and kicked off innovation, and on the other hand, its induced outcome further invited changes and associated opportunities. The paper also concludes that an assessment of possibility for the next stage of Doi Moi should take into account the entrepreneurial factors of the economy and predict the emergence of new entrepreneurial facets in the next phase of economic development. © 2011 IUP. All Rights Reserved.
Opportunity Recognition Process of Indian Entrepreneurs:
The Role of Social Capital and Risk Perception
-- K Nigama and P David Jawahar
Opportunity recognition is of central importance in the field of entrepreneurship. Entrepreneurs bump into countless decision-making situations, be it in the process of creating new ventures or day-to-day business situations in existing business. Although there have been research attempts to understand how entrepreneurs recognize opportunities amidst such myriad choices, there is no single answer yet. This study considers the influence of entrepreneur’s social capital and his perception of risk in the opportunity recognition process. We find very little literature that propose research results on the influence of social capital in opportunity recognition process. In this paper, the researchers have taken efforts to analyze all the sub-processes of opportunity recognition. The research was conducted with 117 entrepreneurs of micro, small and medium enterprises from Information Technology and Information Technology Enabled Services (IT and ITES) Industry. The questionnaire used was adopted from a well-researched inventory but modified to suit Indian environment and the objectives of the study. PLS method was employed to analyze the data and interpret the results. The research revealed that cognitive dimension of social capital is the most important factor that influences the risk perception of an entrepreneur. The study also brings out the significant impacts of structural dimension of social capital on competitive scanning, relational dimension of social capital on proactive searching, and cognitive dimension of social capital on knowledge acquisition and proactive searching. © 2011 IUP. All Rights Reserved.
Factors That Affect Indian Propensity to Grow
and Expand Small Businesses
-- Amarjit Gill, Suraj P Sharma and Harvinder S Mand
Small businesses play an important role in the economic development of India. This study seeks to extend the findings of Kozan et al. (2006) and Gill et al. (2010) regarding the factors that affect the propensity of small business owners to grow and expand small businesses. Indian small business owners were surveyed to find their perceptions of various factors that affect negatively their propensity to grow and expand small businesses in India. This study utilized survey research (a non-experimental field study design). The findings suggest that perceptions of lack of expertise and family-business role conflict negatively affect the propensity to grow and expand small businesses in India. The findings may be useful for the small business management advisors. © 2011 IUP. All Rights Reserved.
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