Assessing Critical Incidents in the Post-Formation Phase: A Matter of Entrepreneurial Expertise?

Autor/in	Heinrichs, Karin
Titel	Assessing Critical Incidents in the Post-Formation Phase: A Matter of Entrepreneurial Expertise?
Quelle	In: Journal of International Education in Business, 14 (2021) 2, S.161-178 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	2046-469X
DOI	10.1108/JIEB-09-2017-0037
Schlagwörter	Critical Incidents Method; Entrepreneurship; Barriers; Case Studies; Risk; Networks; Crisis Management; Profiles; Business Administration; Expertise; Student Attitudes; Consultants; Novices; Intervention; Teaching Methods; Business Administration Education; Money Management; Risk Assessment; Likert Scales; Foreign Countries; Social Networks; College Students; Germany + Suchen Sie Ihr Suchwort? Unternehmungsgeist; Case study; Fallstudie; Case Study; Risiko; Krisenmanagement; Charakterisierung; Profilanalyse; Business economics; Betriebswirtschaft; Expert appraisal; Schülerverhalten; Consultant; Berater; Teaching method; Lehrmethode; Unterrichtsmethode; Risikoabschätzung; Likert-Skala; Ausland; Social network; Soziales Netzwerk; Collegestudent; Deutschland
Abstract	Purpose: Entrepreneurs can easily slide into severe economic crises (Fichman and Levinthal, 1991), in particular, in the first years after their founding. Additionally, research shows that entrepreneurs often lack a realistic evaluation of the entrepreneurial risks and barriers. Referring to research on cognitive and networked expertise (Ericsson et al., 2006; Hakkarainen et al., 2004), recognising and reflecting on potential failure may help to prevent or manage upcoming crises (Mitchell et al., 2008). Thus, this study aims to test whether assessing upcoming crises in a new venture varies along with the level of entrepreneurial expertise. Design/methodology/approach: In a cross-sectional design with three subgroups (start-up consultants, entrepreneurs and students), this study evaluated critical incidents that have already been validated as likely to emerge in the post-formation phase (Heinrichs and Jäcklin, 2017). Entrepreneurial expertise was measured by seven indicators, chosen based on the approaches of cognitive and networked expertise. Findings: By applying latent profile analyses, the participants were grouped along with these indicators of expertise in three levels. Analysis of variance showed significant differences amongst the profiles in perceiving critical incidents. Experts rated the incidents significantly higher than semi-experts and novices towards indicating financial risks (medium effect) and the probability that the entrepreneur could manage the upcoming crises (large effect). Originality/value: The results call for developing and evaluating interventions, e.g. case-oriented entrepreneurship education courses (Heinrichs, 2016), that foster future entrepreneurs' expertise in perceiving and managing entrepreneurial risks to prevent entrepreneurial failure. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01