Abstract
Mentoring has been found instrumental for successful survival of enterprises; yet, the enablers of the mentoring process, i.e., the mentors are under-researched in terms of their typology and effectiveness. Consequently, it leads potential entrepreneurs (mentees) to remain uneducated about their future mentors, which creates a gap in the process of uniting mentors and mentees, leading to a less amicable relationship with less possibility of entrepreneurial growth. The purpose of this study is to provide a knowledge base about mentors for their selection while engaging in mentoring of potential entrepreneurs. A mix-method approach has been adopted to conceive the study in a logical and sequential manner. First, experts from the field were interviewed to develop a typology of mentors, the inductive phenomenon facilitated in the development of a list of types of mentors. Next, the effectiveness of listed mentors was measured through a survey data of potential entrepreneurs. We argued that since mentees take a risk on their capital and career, they should be educated about the mentors and their preferences should be examined; thus, data were analyzed using multivariate analysis, which enhanced the validity of finding in an exploratory design through post hoc tests. The results of the study revealed that at least twenty types of mentors or combination of mentors exist in entrepreneurship domain and potential entrepreneurs preferred mentors from academia and a group of mentors with varied expertise. Interestingly, they have not preferred mentors from industry. The findings were rationalized based on the background of the mentees and the complex business environment. Policy makers may develop policies for entrepreneurship development considering not only entrepreneurs but also mentors. Understanding the preferences of potential entrepreneurs would help in the recruitment, training, and selection of mentors for the venture as well as in outlining the entrepreneurship development programs. The typology of mentors would make them aware about the available mentors and help them to contact mentors according to their mentoring and entrepreneurial needs. The findings have helped in filling the gaps in the literature by providing the understanding about types of mentors available in entrepreneurship domain and their effectiveness in mentoring. Moreover, a scale has been developed to conduct further research and hence provided the ground for prospective researchers in the domain. The study is first of its kind in India and no similar studies have been reported in other countries. The study has provided tangible grounds to mentors and mentees to understand respective perspectives. Additionally, it will help both of them in preparing themselves for forthcoming challenges.
Similar content being viewed by others
References
Allen, T., Eby, L., Poteet, M., Lentz, E., & Lima, L. (2004). Career benefits associated with mentoring for protégé’s: A meta-analysis. Journal of Applied Psychology, 89(1), 127–136.
Babson Mentoring Programme. http://www.babson.edu/.
Bhide, A. V. (2000). The origin and evolution of new businesses. New York: Oxford University Press.
Bisk, L. (2002). Formal entrepreneurial mentoring: The efficacy of third party managed program. Career Development International, 7(5), 262–270.
Blackburn, T. R., Chapman, W. D., & Cameron, M. S. (1981). Cloning in academe: Mentorship and academic careers. Research in Higher Education, 15(4), 315–327.
Burke, R. J. (1984). Mentors in organizations. Group of Organization Studies, 9(3), 353.
Butyn, S. (2003). Mentoring your way to improved retention. Canadian HR Reporter, 16(2), 13–15.
Churchill, N. C., & Lewis, V. L. (1983). The five stages of small firm growth. Harvard Business Review, 53, 43–54.
Cox, C., & Jennings, R. (1995). The foundation of success the development and characteristics of British entrepreneurs and intrapreneurs. Leadership and Organization Development Journal, 16(7), 4–9.
Dansky, K. H. (1996). The effect of group mentoring on career outcomes. Group and Organization Management, 21, 5–21.
Deakins, D., Graham, L., Sullivan, R. & Whittam, G. (1997). New venture support: an analysis of mentoring support for new and early stage entrepreneurs. Journal of Small Business and Enterprise Development, 5(2), 151–161.
Deepali & Jain, S. (2014). Flexibility and sustainability of mentorship model for entrepreneurship development: An exploratory study. In M. K. Nandakumar, S. Jharkharia, & A. S. Nair (Eds.), Organizational flexibility and competitiveness. Flexible systems management (pp. 25–39). New Delhi: Springer.
Dreher, G. F., & Cox, T. H. (1996). Race, gender, and opportunity: A study of compensation attainment and the establishment of mentoring relationships. Journal of Applied Psychology, 81(3), 297–308.
Drucker, F. P. (1958). Marketing and economic development. The Journal of Marketing, 22(3), 252–259.
Eby, L. T., & McManus, S. E. (2004). The protegets role in negative mentoring experiences. Journal of Vocational Behavior, 65, 255–275.
Ensher, E. A., & Murphy, S. (2005). Power mentoring: How successful mentors and protégés get the most out of their relationships. San Francisco, CA: Jossey-Bass.
Ensher, E. A., & Murphy, S. E. (2010). The mentoring relationship challenges scale: The impact of mentoring stage, type, and gender. Journal of Vocational Behavior, 79(1), 253–266.
Esposito Vinzi, V., Chin, W. W., Henseler, J., & Wang, H. (Eds.). (2010). Handbook of partial least squares: Concepts, methods and applications in marketing and related fields (pp. 713–736). Berlin, Heidelberg: Springer.
Fagenson-Eland, E. A., Marks, M. A., & Amendola, K. L. (1997). Perceptions of mentoring relationships. Journal of Vocational Behavior, 51, 29–42.
Ferro, A., DeWit, D., Wells, S., Kathy, N. S., & Lipman, E. (2013). An evaluation of the measurement properties of the mentor self-efficacy scale among participants in big brothers big sisters of Canada community mentoring programs. International Journal of Evidence Based Coaching and Mentoring, 11(1), 146.
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Multivariate data analysis (6th ed.). Upper Saddle River: Pearson.
Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19(2), 139–151.
Hegstad, C. D., & Wentling, R. M. (2004). The development and maintenance of exemplary formal mentoring programs in fortune 500 companies. Human Resource Development Quarterly, 15(4), 421–448.
Hezlett, S. A., & Gibson, S. K. (2005). Mentoring and human resource development: Where we are and where we need to go. Advances in Developing Human Resources, 7(4), 446–469.
Huberty, C. J., & Petoskey, M. D. (2000). Multivariate analysis of variance and covariance. In H. Tinsley & S. Brown (Eds.), Handbook of applied multivariate statistics and mathematical modeling. New York: Academic Press.
IIMA-CII Mentoring Programme. www.ciie.co.
Jain, V., & Raj, T. (2013). Evaluating the variables affecting flexibility in FMS by exploratory and confirmatory factor analysis. Global Journal of Flexible Systems Management, 14(4), 181–193.
Janssen, F., Valerie, E., & Benoît, G. (2005). Interdisciplinary approaches in entrepreneurship education programs. White Paper.
Joel, L. A. (1997). Charged to mentor. American Journal of Nursing, 97(2). Retrieved July 23, 2004 from http://gateway2.ovid.com/ovidweb.cig.
Kram, K. E., & Isabella, L. A. (1985). Mentoring alternatives: The role of peer relationships in career development. Academy of Management Journal, 28, 110–132.
Levenburg, N. M., Lane, P. M., & Schwarz, T. V. (2006). Interdisciplinary dimensions in entrepreneurship. Journal of Education for Business, 81, 275–281.
Lowry, P. B. & Gaskin, J. (2014). Partial least squares (PLS) structural equation modeling (SEM) for building and testing behavioral causal theory: When to choose it and how to use it. IEEE Transactions on Professional Communication. Accepted 04 March 2014.
MIT Mentoring Programmes. www.vms.mit.edu/.
Neff, D. K. (2003). The development and validation of a scale to measure self-compassion. Self and Identity., 2, 223–250. doi:10.1080/15298860390209035.
Noe, R. A. (1988). An investigation of the determinants of successful assigned mentoring relationships. Personnel Psychology, 41, 457–479.
NSRCEL Mentoring Programme. www.nsrcel.org/people/mentors/.
Oxford Mentoring Programme. www.young-enterprise.org.uk.
Pegg, M. (1999). The art of mentoring. Industrial and Commercial Training, 31(4), 136–141.
Perrone, J. (2003). Create a mentoring culture. Healthcare Executive, 18(3), 84–85.
Ragins, B. R. (1997). Diversified mentoring relationships in organizations: A power perspective. Academy of Management Review, 22(2), 482–521.
Rivza, B. (2007). International Scientific conference economic science for rural development. Proceedings. Ministry of Agriculture (pp. 239–245). Republic of Latvia, Jelgava.
Slavec, A., & Drnovšek, M. (2012). A perspective on scale development in entrepreneurship research. Economic and Business Review, 14(1), 39–62.
Smith, J. W., Smith, W. J., & Markhan, S. E. (2000). Diversity issues in mentoring academic faculty. Journal of Career Development, 26(4), 251–262.
St-Jean, E., & Audet, J. (2009). Factors leading to satisfaction in a mentoring scheme for novice entrepreneurs. International Journal of Evidence Based Coaching and Mentoring, 7(1), 148–161.
Styles, J. (2008). Using SMEs intelligence in mentoring science and technology students. International Journal of Technology Intelligence and Planning, 4(1), 20–38.
Sullivan, R. (2000). Entrepreneurial learning and mentoring. International Journal of Entrepreneurial Behavior and Research, 6(3), 160–175.
Veciana, J. M., Aponte, M., & Urbano, D. (2005). University students’ attitudes towards entrepreneurship: A two countries comparison. International Entrepreneurship and Management Journal, 1(2), 165–182.
Wold, H. (1985). Partial least squares. In S. Kots, & N. L. Johnson (Eds.), Encyclopedia of statistical sciences (Vol. 6, pp. 581–591). New York: Wiley.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Deepali, Jain, S.K. & Chaudhary, H. Quest for Effective Mentors: A Way of Mentoring Potential Entrepreneurs Successfully. Glob J Flex Syst Manag 18, 99–109 (2017). https://doi.org/10.1007/s40171-016-0141-5
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s40171-016-0141-5