Skip to main content
SpringerLink
Log in

Start-Up and Small Business Life

  • Reference work entry
  • First Online:
Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship

  • 95 Accesses

Synonyms

Entrepreneurial firm; Entrepreneurial opportunities; Small business operation; Theories in entrepreneurship

General Look

Start-ups and small businesses (SU&SB) refer to entrepreneurial businesses, with a focus on the early stages that hinge on innovation and provide new, wide-ranging value to their environment, including customers, suppliers, community, investors, etc. SU&SB are deemed promising trajectories to development and growth in business terms as well as within communities, both regional and global, by introducing innovation, creating new jobs, using advanced technology, facilitating upward social mobility, and stimulating innovative strategies and technologies. These are typically carried out by small teams, with constrained resources in a highly competitive environment.

SU&SB develop in dynamic environments with changing needs, among them unmet problems and new desires. Tackling such needs and desires invigorates the search for opportunities.An opportunity is a...

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 1,699.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 1,799.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Alvarez SA, Young SL, Woolley JL. Opportunities and institutions: a co-creation story of the king crab industry. J Bus Ventur. 2015;30(1):95–112.

    Article  Google Scholar 

  • Arend RJ. Entrepreneurship and dynamic capabilities: how firm age and size affect the ‘capability enhancement–SME performance’relationship. Small Bus Econ. 2014;42(1):33–57.

    Article  Google Scholar 

  • Arend RJ, Sarooghi H, Burkemper A. Effectuation as ineffectual? Applying the 3E theory-assessment framework to a proposed new theory of entrepreneurship. Acad Manag Rev. 2015;40(4):630–51.

    Article  Google Scholar 

  • Austin J, Stevenson H, Wei-Skillern J. Social and commercial entrepreneurship: same, different, or both? Entrep Theory Pract. 2006;30(1):1–22.

    Article  Google Scholar 

  • Baker T, Nelson RE. Creating something from nothing: resource construction through entrepreneurial bricolage. Adm Sci Q. 2005;50(3):329–66.

    Article  Google Scholar 

  • Barney J. Firm resources and sustained competitive advantage. J Manag. 1991;17(1):99–120.

    Google Scholar 

  • Baron RA, Mueller BA, Wolfe MT. Self-efficacy and entrepreneurs’ adoption of unattainable goals: the restraining effects of self-control. J Bus Ventur. 2016;31(1):55–71.

    Article  Google Scholar 

  • Boeker W, Wiltbank R. New venture evolution and managerial capabilities. Organ Sci. 2005;16(2):123–33.

    Article  Google Scholar 

  • Bullough A, De Luque MS, Abdelzaher D, Heim W. Developing women leaders through entrepreneurship education and training. Acad Manag Perspect. 2015;29(2):250–70.

    Article  Google Scholar 

  • Colombo MG, Piva E. Strengths and weaknesses of academic startups: a conceptual model. IEEE Trans Eng Manag. 2008;55(1):37–49.

    Article  Google Scholar 

  • Deligianni I, Voudouris I, Lioukas S. Do effectuation processes shape the relationship between product diversification and performance in new ventures? Entrep Theory Pract. 2017;41(3):349–77.

    Article  Google Scholar 

  • Desa G, Basu S. Optimization or bricolage? Overcoming resource constraints in global social entrepreneurship. Strateg Entrep J. 2013;7(1):26–49.

    Article  Google Scholar 

  • Eisenhardt KM, Martin JA. Dynamic capabilities: what are they? Strateg Manag J. 2000;21:1105–21.

    Article  Google Scholar 

  • Fisher G. Effectuation, causation, and bricolage: a behavioral comparison of emerging theories in entrepreneurship research. Entrep Theory Pract. 2012;36(5): 1019–51.

    Article  Google Scholar 

  • Frederiksen SH. Entrepreneurship education as identity workspace. Acad Manag Proc. 2016;2016(1):12509. Academy of Management

    Article  Google Scholar 

  • Garcia-Castro R, Aguilera RV. Incremental value creation and appropriation in a world with multiple stakeholders. Strateg Manag J. 2015;36(1):137–47.

    Article  Google Scholar 

  • Granovetter M. The impact of social structure on economic outcomes. J Econ Perspect. 2005;19(1):33–50. Hanks, 2015

    Article  Google Scholar 

  • Hanks GF, Bonaparte ES. Sbdc Maximum Business Series: A Framework for Developing a Successful Innovative Entrepreneur Education Program. J Bus and Entrep. 2015;26(3):163–187.

    Google Scholar 

  • Hashai N, Buckley PJ. Is competitive advantage a necessary condition for the emergence of the multinational enterprise? Glob Strateg J. 2014;4(1):35–48.

    Article  Google Scholar 

  • Huang L, Knight AP. Resources and relationships in entrepreneurship: an exchange theory of the development and effects of the entrepreneur-investor relationship. Acad Manag Rev. 2017;42(1):80–102.

    Article  Google Scholar 

  • Huang KF, Dyerson R, Wu LY, Harindranath G. From temporary competitive advantage to sustainable competitive advantage. Br J Manag. 2015;26(4):617–36.

    Article  Google Scholar 

  • Kellermanns F, Walter J, Crook TR, Kemmerer B, Narayanan V. The resource-based view in entrepreneurship: a content-analytical comparison of researchers’ and entrepreneurs’ views. J Small Bus Manag. 2016;54(1):26–48.

    Article  Google Scholar 

  • Keyhani M, Lévesque M, Madhok A. Toward a theory of entrepreneurial rents: a simulation of the market process. Strateg Manag J. 2015;36(1):76–96.

    Article  Google Scholar 

  • Kuratko DF. The emergence of entrepreneurship education: development, trends, and challenges. Entrep Theory Pract. 2005;29(5):577–98.

    Article  Google Scholar 

  • Lechner C, Dowling M. Firm networks: external relationships as sources for the growth and competitiveness of entrepreneurial firms. Entrep Reg Dev. 2003;15(1): 1–26.

    Article  Google Scholar 

  • Lofstrom M, Bates T, Parker SC. Why are some people more likely to become small-businesses owners than others: entrepreneurship entry and industry-specific barriers. J Bus Ventur. 2014;29(2):232–51.

    Article  Google Scholar 

  • Mankevich V, Holmström J. Gateways to digital entrepreneurship: investigating the organizing logics for digital startups. Acad Manag Proc. 2016;2016(1):13995. Academy of Management

    Article  Google Scholar 

  • Matlay H. Researching entrepreneurship and education: Part 2: what is entrepreneurship education and does it matter? Educ Train. 2006;48(8/9):704–18.

    Article  Google Scholar 

  • McMullen JS, Kier AS. Trapped by the entrepreneurial mindset: opportunity seeking and escalation of commitment in the Mount Everest disaster. J Bus Ventur. 2016;31(6):663–86.

    Article  Google Scholar 

  • Miller D, Le Breton-Miller I. Underdog entrepreneurship: A model of challenge-based entrepreneurship. Entrepreneurship Theory & Practice 2017;41(1):7–17.

    Google Scholar 

  • Nabi G, Liñán F, Fayolle A, Krueger N, Walmsley A. The impact of entrepreneurship education in higher education: a systematic review and research agenda. Acad Manag Learn Educ. 2016; https://doi.org/10.5465/amle.2015.0026.

  • Nambisan S, Baron RA. Entrepreneurship in innovation ecosystems: entrepreneurs’ self-regulatory processes and their implications for new venture success. Entrep Theory Pract. 2013;37(5):1071–97.

    Article  Google Scholar 

  • Partanen J, Chetty SK, Rajala A. Innovation types and network relationships. Entrep Theory Pract. 2014;38(5):1027–55.

    Article  Google Scholar 

  • Perry JT, Chandler GN, Markova G. Entrepreneurial effectuation: a review and suggestions for future research. Entrep Theory Pract. 2012;36(4):837–61.

    Article  Google Scholar 

  • Peteraf M, Di Stefano G, Verona G. The elephant in the room of dynamic capabilities: bringing two diverging conversations together. Strateg Manag J. 2013;34(12): 1389–410.

    Article  Google Scholar 

  • Politis D. The process of entrepreneurial learning: a conceptual framework. Entrep Theory Pract. 2005;29(4): 399–424.

    Article  Google Scholar 

  • Ray G, Barney JB, Muhanna WA. Capabilities, business processes, and competitive advantage: choosing the dependent variable in empirical tests of the resource-based view. Strateg Manag J. 2004;25(1):23–37.

    Article  Google Scholar 

  • Sarasvathy SD. Causation and effectuation: toward a theoretical shift from economic inevitability to entrepreneurial contingency. Acad Manag Rev. 2001;26(2): 243–63.

    Article  Google Scholar 

  • Sarasvathy S, Kumar K, York JG, Bhagavatula S. An effectual approach to international entrepreneurship: overlaps, challenges, and provocative possibilities. Entrep Theory Pract. 2014;38(1):71–93.

    Article  Google Scholar 

  • Sarooghi H, Libaers D, Burkemper A. Examining the relationship between creativity and innovation: a meta-analysis of organizational, cultural, and environmental factors. J Bus Ventur. 2015;30(5):714–31.

    Article  Google Scholar 

  • Shaikh F. The benefits of new online (digital) technologies on business: understanding the impact of digital. Digit Entrep Global Innov. 2016;1:1–17

    Google Scholar 

  • Shane S, Venkataraman S. The promise of entrepreneurship as a field of research. Acad Manag Rev. 2000;25(1):217–26.

    Google Scholar 

  • Shepherd DA. Learning from business failure: propositions of grief recovery for the self-employed. Acad Manag Rev. 2003;28(2):318–28.

    Article  Google Scholar 

  • Stinchfield BT, Nelson RE, Wood MS. Learning from Levi-Strauss’ legacy: art, craft, engineering, bricolage, and brokerage in entrepreneurship. Entrep Theory Pract. 2013;37(4):889–921.

    Article  Google Scholar 

  • Suddaby R, Bruton GD, Si SX. Entrepreneurship through a qualitative lens: insights on the construction and/or discovery of entrepreneurial opportunity. J Bus Ventur. 2015;30(1):1–10.

    Article  Google Scholar 

  • Teece DJ, Pisano G, Shuen A. Dynamic capabilities and strategic management. Strateg Manag J. 1997;18: 509–33.

    Article  Google Scholar 

  • Townsend DM, Busenitz LW. Turning water into wine? Exploring the role of dynamic capabilities in early-stage capitalization processes. J Bus Ventur. 2015;30(2):292–306.

    Article  Google Scholar 

  • Ucbasaran D, Westhead P, Wright M, Flores M. The nature of entrepreneurial experience, business failure and comparative optimism. J Bus Ventur. 2010;25(6): 541–55.

    Article  Google Scholar 

  • Welter C, Mauer R, Wuebker RJ. Bridging behavioral models and theoretical concepts: effectuation and bricolage in the opportunity creation framework. Strateg Entrep J. 2016;10(1):5–20.

    Article  Google Scholar 

  • Wincent J, Thorgren S, Anokhin S. Costly ties: social capital as a retardant of network-level entrepreneurial orientation. J Small Bus Manag. 2016;54(1):229–43.

    Article  Google Scholar 

  • Witt P. Entrepreneurs’ networks and the success of start-ups. Entrep Reg Dev. 2004;16(5):391–412.

    Article  Google Scholar 

  • Zahra SA. Entrepreneurship and disciplinary scholarship: return to the fountainhead. In: Handbook of entrepreneurship research. New York: Springer; 2005. p. 253–68.

    Chapter  Google Scholar 

  • Zahra SA, Gedajlovic E, Neubaum DO, Shulman JM. A typology of social entrepreneurs: motives, search processes and ethical challenges. J Bus Ventur. 2009;24(5):519–32.

    Article  Google Scholar 

  • Zhang SX, Cueto J. The study of bias in entrepreneurship. Entrep Theory Pract. 2017;41(3):419–54.

    Article  Google Scholar 

  • Zollo M, Winter SG. Deliberate learning and the evolution of dynamic capabilities. Organ Sci. 2002;13(3): 339–51.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Entrepreneurship and Innovation, The College of Management, Academic Studies, Rishon Lezion, Israel

    D. Kariv

Authors
  1. D. Kariv
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to D. Kariv .

Editor information

Editors and Affiliations

  1. Department of Information Systems and Technology, Management, European Union Research Center, GWU School of Business, The George Washington University, Washington, DC, USA

    Elias G. Carayannis

Section Editor information

  1. Decision Support Systems Laboratory, School of Production Engineering and Management, Technical University of Crete, Chania, Greece

    Evangelos (Vangelis) Grigoroudis

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Kariv, D. (2020). Start-Up and Small Business Life. In: Carayannis, E.G. (eds) Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. Springer, Cham. https://doi.org/10.1007/978-3-319-15347-6_466

Download citation

Publish with us

Policies and ethics

Search

Navigation