The Pursuit of Entrepreneurial Initiatives at the “Silver” Age: From the Lens of Malaysian Silver Entrepreneurs

Published on May 1, 2014in Procedia - Social and Behavioral Sciences
· DOI :10.1016/j.sbspro.2014.03.681
Noor Hazlina Ahmad17
Estimated H-index: 17
(Universiti Sains Malaysia),
Aizzat Mohd. Nasurdin15
Estimated H-index: 15
(Universiti Sains Malaysia)
+ 1 AuthorsSeyedeh Khadijeh Taghizadeh9
Estimated H-index: 9
(Universiti Sains Malaysia)
The growing literature in entrepreneurship suggests that the number of small businesses created and operated by silver (mature) entrepreneurs have a longer life span, and are generally more successful, than ventures managed by their younger counterparts. This is a phenomenon that the literature primarily attributes to various age-related advantages, such as the ability to accrue greater commercial experience, more personal networks and experience, and greater personal financial resources that can be used to fund the venture, thus leads to the inclination of the mature professionals to switch into entrepreneurial activities at a later stage in their career. This research aims to unlock the motivation of silver entrepreneurs in Malaysia with a specific focus on comprehending the internal and external factors that affect their intentions to start new ventures. A sample of ten Malaysian entrepreneurs participated in this study. A series of interviews were conducted among these entrepreneurs to probe into their motives and outlook on starting their own ventures. Reflecting on the typology of mature entrepreneurs as identified in the literature namely, constrained, rational and reluctant, the result indicates that the entrepreneurs interviewed could be categorised as rational entrepreneurs in which the main drivers for them to journey into entrepreneurial terrain are related to progression of their career, a way to increase personal wealth, for family security, opportunity recognition and the pursuit of a more balanced life.
  • References (13)
  • Citations (8)
📖 Papers frequently viewed together
272 Citations
10 Citations
78% of Scinapse members use related papers. After signing in, all features are FREE.
Purpose – The purpose of this article is to evaluate the effect of entrepreneurial competencies and the moderating effect of business environment on business success in small and medium sized enterprises (SMEs) in Malaysia.Design/methodology/approach – A sample of 212 Malaysian SME owner‐founders participated in this study. The structural equation modeling (SEM) procedure was used to test the proposed model.Findings – The results showed that entrepreneurial competencies were strong predictors of...
11 CitationsSource
#1Pui-Yen Alison Say (UniSA: University of South Australia)H-Index: 1
#2Margaret Patrickson (UniSA: University of South Australia)H-Index: 9
The phenomena of an aging population, changing social and economic circumstances, as well as the existential necessity of mid-life changes form the background to this investigation. Though statistics indicate that there are only a few who have considered entrepreneurship as a desirable and feasible career option in mid life, the option is becoming more attractive as the possibility of lifetime employment with a single employer becomes increasingly remote. The focus of this article is to understa...
7 CitationsSource
Purpose – The objective of this paper is to examine the impact that certain human capital variables have over employment growth of small firms in Romania.Design/methodology/approach – The human capital components considered in this paper are education, previous work experience, employment motivations, the presence of entrepreneurial teams, and the presence of family members in the firm. To attain the objective of the paper we carry out a regression analysis using a rich data set of 635 Romanian ...
31 CitationsSource
#1Noor Hazlina Ahmad (Universiti Sains Malaysia)H-Index: 17
#2Thurasamy Ramayah (Universiti Sains Malaysia)H-Index: 37
Last. Liz Kummerow (University of Adelaide)H-Index: 4
view all 4 authors...
Purpose – The purpose of this article is to evaluate the effect of entrepreneurial competencies and the moderating effect of business environment on business success in small and medium sized enterprises (SMEs) in Malaysia. Design/methodology/approach – A sample of 212 Malaysian SME owner‐founders participated in this study. The structural equation modeling (SEM) procedure was used to test the proposed model. Findings – The results showed that entrepreneurial competencies were strong predictors ...
68 CitationsSource
#1Paul FerriH-Index: 3
#2David Deakins (University of the West of Scotland)H-Index: 17
Last. Geoff Whittam (University of the West of Scotland)H-Index: 12
view all 3 authors...
Purpose - Whilst all models of the entrepreneurial process identify the role of networking as important at both the start-up and developmental stage of a business latterly these models have expanded the notion of networking and embraced the concept of social capital. However, much of the literature on measuring social capital has focussed on the quantity of social capital within a given geographical space. This paper seeks to expand this research by examining the depth and richness of social cap...
29 CitationsSource
#1Jon C. Carr (USM: University of Southern Mississippi)H-Index: 21
#2Jennifer M. Sequeira (USM: University of Southern Mississippi)H-Index: 7
Abstract Research indicates that family experiences constitute a powerful socializing influence on the values, attitudes, and behaviors people adopt over the course of their lives. Incorporating theoretical research using the Theory of Planned Behavior [Ajzen, I. Residual effects of past on later behavior: Habituation and reasoned action perspectives. Personality and Social Psychology Review 2002; 6(2): 107–122.] the mediating effects of attitudes towards business startup, perceived family suppo...
314 CitationsSource
#1Fiona Wilson (BU: Boston University)H-Index: 8
#2Jill Kickul (Miami University)H-Index: 33
Last. Deborah MarlinoH-Index: 4
view all 3 authors...
The relationships between gender, entrepreneurial self-efficacy, and entrepreneurial intentions were examined for two sample groups: adolescents and adult master of business administration (MBA) students. Similar gender effects on entrepreneurial self-efficacy are shown for both groups and support earlier research on the relationship between self-efficacy and career intentions. Additionally, the effects of entrepreneurship education in MBA programs on entrepreneurial self-efficacy proved stronge...
773 CitationsSource
#1Noor Hazlina AhmadH-Index: 17
19 Citations
#1Paull Weber (Curtin University)H-Index: 8
#2Michael Schaper (University of Newcastle)H-Index: 12
Demographic trends in the developed world indicate that older entrepreneurs will play an increasingly important part of economic activity as populations age, yet this cohort has been largely ignored in entrepreneurship research. This paper provides an overview of current research about the so-called "grey entrepreneur" (also known as senior, older, third age or elderly entrepreneurs), drawing on research from a number of nations. The extant literature indicates that a majority of older entrepren...
124 CitationsSource
#1Graham BeaverH-Index: 19
1. The Context, Nature and Significance of Small Firms 2. Starting and Evaluating a Business Venture 3. The Small Business Practitioner s Entrepreneurs, Owner and Managers 4. Management Development 5. Strategic Management Issues in Entrepreneurial Ventures and Small Business 6. Business Planning 7. Financing Small Firms 8. Enterprise Growth and Development 9. Female Entrepreneurship 10. Contemporary Issues and Developments in Small Business and Enterprise Development 11. International Considerat...
139 Citations
Cited By8
#1Fumitaka Furuoka (UM: University of Malaya)H-Index: 15
#2Beatrice Lim (UMS: Universiti Malaysia Sabah)H-Index: 1
Last. Khairul Hanim Pazim (UMS: Universiti Malaysia Sabah)H-Index: 1
view all 3 authors...
#1Dominique Biron (Université du Québec à Trois-Rivières)
#2Etienne St-Jean (Université du Québec à Trois-Rivières)H-Index: 11
In recent years, we have witnessed a new phenomenon associated with longer human life expectancy: senior entrepreneurship. It has become increasingly common to see individuals aged 50 or more decide to become entrepreneurs. This phenomenon has aroused the interest of researchers. In order to shed light on this theme, we used the scoping study approach, which consists of systematically identifying papers in which the research focus was senior entrepreneurship. We retrieved 99 documents that dealt...
#2Myriam Razgallah (Carthage University)
Senior entrepreneurs constitute a real demographic and economic potential. They are considered as individuals starting an entrepreneurial adventure after the age of 45 [Maalaoui et al. (Int J Entrep Small Bus 20(2):148–164, 2013)]. In the current chapter, we firstly propose a review of the literature on senior entrepreneurship to more understand their motivation as well as the antecedents of their entrepreneurial intention (including push and pull factors). In fact, previous studies showed that ...
#1Cătălin Grădinaru (UB: University of Bucharest)
#2Sorin-George Toma (UB: University of Bucharest)H-Index: 4
Last. Paul Marinescu (UB: University of Bucharest)H-Index: 5
view all 3 authors...
#1Himanshu Gupta (IITR: Indian Institute of Technology Roorkee)H-Index: 11
#2Mukesh Kumar Barua (IITR: Indian Institute of Technology Roorkee)H-Index: 19
MSMEs (Micro-small and Medium Enterprises) can alter the economic scenario of any developing nation owing to their inherent ability to transform new ideas into innovations and thus successful business enterprises. However transforming the socio-economic status of a developing country is not an easy task. Manufacturing organizations especially MSMEs need to focus on important enablers of innovation to sustain global competition. This study aims at identifying important enablers of technological i...
68 CitationsSource
What are the factors that lead an individual to be self-employed after retirement, and what factors help or hinder the transformation of entrepreneurial intentions into practical reality? We have investigated the triggers of self-employment after retirement from a push & pull perspective. The helping factors in materializing entrepreneurial intentions, and hindering factors due to which one may not do so have also been studied. Results from semi-structured interviews reveal that individuals are ...
1 CitationsSource
#1Kissi ErnestH-Index: 1
#2Somiah K. MatthewH-Index: 1
Last. Ansah K. SamuelH-Index: 1
view all 3 authors...
This paper sought to discuss entrepreneurial learning competencies by determining the outcome of entrepreneurial learning on the views of built environment students in the university setting. In this study, three relevant competencies were identified for entrepreneurial learning through literature, namely: entrepreneurial attitude, entrepreneurial skills and knowledge of entrepreneurship. On this basis, questionnaire was designed and administered to graduate students in built environment. In all...
7 CitationsSource
#1Siti Fahazarina Hazudin (UiTM: Universiti Teknologi MARA)H-Index: 2
#2Mohd Aidil Riduan Awang Kader (UiTM: Universiti Teknologi MARA)H-Index: 1
Last. Roslina Ali (UiTM: Universiti Teknologi MARA)H-Index: 1
view all 5 authors...
Abstract Starting a business can be a mind challenging and mentally torturing. However, understanding common start up problems and key success factors can help entrepreneurs get off the right path. This paper presents an insight into which male and female entrepreneurs differ in terms of motives to start business, key business success factors and the underlying obstacles. A questionnaire was designed to collect information on entrepreneurs’ profile and the respective measurement variables and an...
7 CitationsSource
#1Rainer Harms (UT: University of Twente)H-Index: 19
#2Florian Luck (University of Liechtenstein)H-Index: 2
Last. Steven T. Walsh (UT: University of Twente)H-Index: 28
view all 4 authors...
Against the background of demographic change, gray entrepreneurship has become more prevalent. When gray entrepreneurs chose to leave paid employment to become self-employed, it is of concern for companies who may lose highly capable older employees. One of the reasons for this can be a failure to understand the motives of those older employees who are likely to become self-employed. Another is the fact that gray entrepreneurs proactively utilize entrepreneurial action and technology to improve ...
22 CitationsSource