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SWITCHING TO ENTREPRENEURSHIP IN MID CAREER: A SINGAPOREAN PERSPECTIVE

Published on Jun 1, 2012in Journal of Enterprising Culture
· DOI :10.1142/S0218495812500069
Pui-Yen Alison Say1
Estimated H-index: 1
,
Margaret Patrickson8
Estimated H-index: 8
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Abstract
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 understand what has motivated first time entrepreneurs in mid-career to consider this choice and how they have made sense of their mid-life situations to successfully discover and exploit entrepreneurial opportunities. This study has demonstrated that it requires the optimal interaction of four key elements to increase the likelihood of a positive outcome of entrepreneurial pursuits — knowledge, networks, rewards and risks.
  • References (64)
  • Citations (7)
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References64
Newest
Published on Mar 1, 2013in Management Decision1.96
Yu-Lin Wang8
Estimated H-index: 8
(NCKU: National Cheng Kung University),
Andrea M Ellinger1
Estimated H-index: 1
,
Yen-Chun Jim Wu22
Estimated H-index: 22
(NSYSU: National Sun Yat-sen University)
Purpose – The purpose of this paper is to examine the antecedents of, and the relationships between, entrepreneurial opportunity recognition, and individual‐level innovation performance.Design/methodology/approach – Questionnaire data were collected from 268 senior R&D project team members (response rate 64.58 percent) along with 83 R&D managers who evaluated their employees' innovative behaviors in one science park in Taiwan.Findings – The results show that an individual's self‐efficacy, prior ...
Published on Mar 1, 2010in Studies in Higher Education2.85
Esperanza Villar1
Estimated H-index: 1
(University of Girona),
Pilar Albertín Carbó5
Estimated H-index: 5
(University of Girona)
This article presents an investigation based on in‐depth interviews with 33 university students and eight discussion groups, aimed at finding out which discourses and positions mobilize college students in terms of social networking practices. It analyses how they construct meanings and question or legitimize their own actions or those of others, and how they contribute to the creation of different moral orders with reference to the relational practices that occur at the university and professio...
Published on May 1, 2009in Entrepreneurship Theory and Practice6.19
Leon Schjoedt8
Estimated H-index: 8
(ISU: Illinois State University)
The present study examined the effect of four core job characteristics on job satisfaction for entrepreneurs and a comparison group of nonfounding top managers. Significant mean differences were found between the entrepreneurs and nonfounding top managers on job satisfaction and all four job characteristics. Moreover, the results showed similar patterns of significant associations between the job characteristics and job satisfaction for the entrepreneurs and nonfounding top managers. Yet, the re...
Published on Mar 1, 2009in Entrepreneurship Theory and Practice6.19
Donna Marie De Carolis7
Estimated H-index: 7
(Drexel University),
Barrie E. Litzky8
Estimated H-index: 8
(PSU: Pennsylvania State University),
Kimberly A. Eddleston35
Estimated H-index: 35
(NU: Northeastern University)
Why does social capital influence the progress of new venture creation for some entrepreneurs more than others? Our investigation suggests that social capital is not enough; that the type of person involved in network relationships matters to new venture creation. We test the effects of the interplay of social capital and cognition on a sample of 269 entrepreneurs. Our results confirm that social networks and relational capital enhance levels of illusion of control, which is directly related to ...
Jeffrey W. Alstete11
Estimated H-index: 11
(Iona College)
Purpose – Guidance from successful individuals can be valuable to prospective and nascent entrepreneurs, as well as writers and instructors in the field. This paper seeks to confirm contemporary entrepreneurship concepts, examine current perceptions, and expand the knowledge base by exploring established entrepreneurship perceptions through first‐hand accounts of successful small business owners.Design/methodology/approach – This qualitative research study summarizes and analyzes interviews with...
Published on Mar 1, 2008in Journal of Enterprising Culture
Malin Brännback16
Estimated H-index: 16
(Åbo Akademi University),
Alan L. Carsrud19
Estimated H-index: 19
(FIU: Florida International University)
This paper serves as an overview of a decade of the authors' theoretical reviews, participant observations, empirical studies, quasi-experimental research, qualitative interviews, personal consulting, firm incubation, and action research with firms, clusters, and regional groups in both the information technology and biotechnology sectors in Finland. Interpretations of our findings are told using a narrative format, based on Nordic mythology. This story-telling approach is used to express the pe...
Published on Feb 25, 2008
Jonathan A. Smith44
Estimated H-index: 44
(Birkbeck, University of London),
Mike Osborn12
Estimated H-index: 12
The aim of interpretative phenomenological analysis (IPA) is to explore in detail how participants are making sense of their personal and social world, and the main currency for an IPA study is the meanings particular experiences, events, states hold for participants. The approach is phenomenological (see Chapter 3) in that it involves detailed examination of the participant’s lifeworld; it attempts to explore personal experience and is concerned with an individual’s personal perception or accou...
Published on Feb 1, 2008in Small Business Economics3.56
Deniz Ucbasaran29
Estimated H-index: 29
(University of Nottingham),
Paul Westhead45
Estimated H-index: 45
(University of Nottingham),
Mike Wright97
Estimated H-index: 97
(University of Nottingham)
Extending human capital approaches to entrepreneurship, an entrepreneur’s “inputs” relating to their general (i.e. education and work experience) and entrepreneurship-specific human capital profile (i.e. business ownership experience, managerial capabilities, entrepreneurial capabilities and technical capabilities) are presumed to be related to entrepreneurial “outputs” in the form of business opportunity identification and pursuit. Valid and reliable independent variables were gathered from a s...
Published on Feb 1, 2008in Harvard Business Review5.69
Carlo Strenger8
Estimated H-index: 8
,
Arie Ruttenberg2
Estimated H-index: 2
Contrary to popular belief, middle age heralds neither the beginning of the end nor a magical transformation - but it does offer new opportunities for personal growth. As life expectancy in the West increases, executives in midlife must plan realistic second lives and careers. Their employers need to help them.
Cited By7
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Published on Jan 1, 2019
Dominique Biron , Etienne St-Jean10
Estimated H-index: 10
(Université du Québec à Trois-Rivières),
Étienne St-Jean
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...
Published on Jan 1, 2019
Adnane Maâlaoui , Myriam 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 ...
Published on Jun 1, 2016in Journal of Enterprising Culture
Pitt-CatsouphesMarcie15
Estimated H-index: 15
,
Stephanie Cosner Berzin17
Estimated H-index: 17
+ 2 AuthorsJim Emerman1
Estimated H-index: 1
This study explores potential organizational outcomes associated with The Purpose Prize™, a prize designed to recognize the accomplishments of older adult social entrepreneurs. While previous studies have established relationships between social innovation prizes and public attention to different issues, research that has explored the impact of prizes on organizational outcomes is sparse. We present analyses based on surveys of 200 Purpose Prize™ applicants, fellows, and winners. Results suggest...
Published on Feb 1, 2015in Journal of Vocational Behavior3.39
Marilyn A. Uy12
Estimated H-index: 12
(NTU: Nanyang Technological University),
Kim Yin Chan13
Estimated H-index: 13
(NTU: Nanyang Technological University)
+ 2 AuthorsOleksandr S. Chernyshenko25
Estimated H-index: 25
(NTU: Nanyang Technological University)
Abstract We examined the role of entrepreneurialism in careers in the information society and global economy, bringing together key constructs in the fields of career studies and entrepreneurship. Specifically, our study involving a diverse group of 750 undergraduate students from Singapore showed that entrepreneurial alertness to opportunities partially mediates the relation of proactive personality to boundaryless career mindset and career adaptability, but not to self-directed or protean care...
Published on Jan 1, 2015
David M. Gomulya5
Estimated H-index: 5
,
Olexander Chernyshenko2
Estimated H-index: 2
+ 4 AuthorsHe Lu Calvin Ong
In this chapter, we provide a comprehensive and concise summary of recent entrepreneurial activities and attitudes in Singapore based on the 2012 Global Entrepreneurship Monitor (GEM) Singapore report (Chernyshenko et al. 2013). The 2012 GEM Singapore report included various key indicators of entrepreneurial activities and attitudes in Singapore in the prior year. Whenever available, we compare this recent survey with the 2011 and 2004–2006 surveys (Singapore did not participate in GEM survey be...
Published on Jan 1, 2015
Margaret Patrickson8
Estimated H-index: 8
,
Alison Say , Leonie Hallo3
Estimated H-index: 3
This chapter addresses the situation of those who begin an entrepreneurial venture in their mid-career. Defining exactly when mid-career begins and ends is a challenging exercise as it seems to be mostly understood as a period without specific boundaries that lies somewhere between the first few years of employment, when one is considered to still be a relative newcomer, and the final few years prior to retirement. One attempt by Saunders (2008) placed it as not less than ten years’ working expe...
Noor Hazlina Ahmad13
Estimated H-index: 13
(Universiti Sains Malaysia),
Aizzat Mohd. Nasurdin13
Estimated H-index: 13
(Universiti Sains Malaysia)
+ 1 AuthorsSeyedeh Khadijeh Taghizadeh7
Estimated H-index: 7
(Universiti Sains Malaysia)
Abstract 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 resource...
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