Entrepreneurial Success: Interplay Between Systemic And Individual Factors Via Networking Activities
Document Type
Article
Publication Date
12-1-2011
Abstract
This study addresses Puerto Rico's unexplained stagnant entrepreneurial environment despite average or above average entrepreneurial potential, capabilities, and intentions when compared to other high-income countries (2007 GEM report; Bosma, Jones, Autio, & Levie, 2008). In our previous qualitative research, we argue that a pervasive lack of support for entrepreneurs from entrepreneurial advocates and the failure of entrepreneurs to develop networks could be partly responsible for the slow-moving entrepreneurial environment (De Hoyos, Romaguera, Carlsson, & Perelli, 2011). Building on that qualitative research, a quantitative study using PLS was conducted to determine the following: How and to what extent do systemic and individual factors as well as firm and entrepreneur characteristics impact the likelihood of entrepreneurial success mediated by inter-organizational and individual social networking activities? Findings reveal that systemic factors as a whole are not working as suitable sources for the complementary relationships needed to create an environment conducive to successful entrepreneurship. Meanwhile, entrepreneurs are not using networks efficiently to overcome the inadequate institutional structure. Therefore, to nurture a successful entrepreneurial environment, policy makers must design a better interconnected entrepreneurial system that will work in harmony with entrepreneurs; while entrepreneurs in turn must be taught to use effectively their individual social networks.
Keywords
entrepreneurial success, systemic factors, individual factors, entrepreneurial education, national mindset, entrepreneurial policies and programs, entrepreneurial opportunities, social competence, self-efficacy, networking
Rights
© The Author(s). Kelvin Smith Library provides access for non-commercial, personal, or research use only. All other use, including but not limited to commercial or scholarly reproductions, redistribution, publication or transmission, whether by electronic means or otherwise, without prior written permission is strictly prohibited.
Department/Center
Design & Innovation
Recommended Citation
Hoyos-Ruperto, Moraima De, "Entrepreneurial Success: Interplay Between Systemic And Individual Factors Via Networking Activities" (2011). Student Scholarship. 200.
https://commons.case.edu/studentworks/200
