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How to become an excellent entrepreneur: The moderating effect of risk propensity on alertness to business ideas and entrepreneurial capabilities

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  • Cui, Yu
  • Sun, Chuan
  • Xiao, Hongjun
  • Zhao, Chunming

Abstract

Under the fierce pressure of the dynamic environments that characterize the emerging economies, an entrepreneur must develop capabilities such as autonomy, innovativeness, risk-taking, and proactiveness to survive the competition. This study examines how alertness to business ideas helps build entrepreneurial capabilities and its contingencies in China's emerging economy. The empirical result indicates that the effect of alertness to business ideas on innovativeness, risk-taking, and proactiveness are both positive and significant. The effectiveness of alertness to business ideas on entrepreneurial capabilities is contingent on different levels of risk propensity. In particular, the alertness to business ideas leads to a significantly higher level of autonomy, innovativeness, and proactiveness with higher level of risk propensity.

Suggested Citation

  • Cui, Yu & Sun, Chuan & Xiao, Hongjun & Zhao, Chunming, 2016. "How to become an excellent entrepreneur: The moderating effect of risk propensity on alertness to business ideas and entrepreneurial capabilities," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 171-177.
    • Handle: RePEc:eee:tefoso:v:112:y:2016:i:c:p:171-177
    DOI: 10.1016/j.techfore.2016.08.002
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    3. Oscar Cuauhtémoc Aguilar Rascón & Rafael Posada Velázquez, 2019. "Factors That Determine The Closure Or Jeopardize The Continuity Of A Micro And Small Enterprise," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 10(1).
    4. Héctor Montiel-Campos, 2023. "An overview of the empirical research on entrepreneurial alertness using a systematic literature review method," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(1), pages 141-173.
    5. Andrea Filippetti & Neil Lee, 2021. "Individual risk attitudes and local unemployment: evidence from Italy in the Great Recession," Working Papers 53, Birkbeck Centre for Innovation Management Research, revised Apr 2021.
    6. Fang Yuan & Shuxiang Wang & Jianjun Sun, 2023. "Intrapreneurial Capabilities: Multidimensional Construction and Measurement Index Validation," Sustainability, MDPI, vol. 15(13), pages 1-21, July.
    7. Encarnacion García-Sánchez & Víctor Jesús García-Morales & Rodrigo Martín-Rojas, 2018. "Analysis of the influence of the environment, stakeholder integration capability, absorptive capacity, and technological skills on organizational performance through corporate entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 14(2), pages 345-377, June.
    8. Del Giudice, Manlio & Garcia-Perez, Alexeis & Scuotto, Veronica & Orlando, Beatrice, 2019. "Are social enterprises technological innovative? A quantitative analysis on social entrepreneurs in emerging countries," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    9. Zonglong Li & Wenyi Zhang & Yanhui Zhou & Derong Kang & Biao Feng & Qing Zeng & Lingling Xu & Minqiang Zhang, 2022. "College Students’ Entrepreneurial Intention and Alertness in the Context of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(13), pages 1-14, June.
    10. Beynon, Malcolm J. & Jones, Paul & Pickernell, David, 2020. "Country-level entrepreneurial attitudes and activity through the years: A panel data analysis using fsQCA," Journal of Business Research, Elsevier, vol. 115(C), pages 443-455.
    11. Ramona – Diana Leon, 2017. "Developing Entrepreneurial Skills. An Educational and Intercultural Perspective," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 14(4), pages 97-121.

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