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Hybrid Entrepreneurs as the Neoteric Driver of Skill Variety and Economic Prosperity

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  • Alex Maritz

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

  • Quan Nguyen

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

  • Abu Ismail

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

Abstract

Nearly a quarter of all global start-ups are founded by hybrid entrepreneurs, that is, individuals that engage in self-employment activity while simultaneously holding a primary job in wage or remuneration work. This study is the first of its kind to examine hybrid entrepreneurship in Australia using five pragmatic and embedded hybrid entrepreneur mini case studies. Aligning with human capital and skill variety theory, we adopted an interpretivist philosophical paradigm of emergent enquiry action and exploratory research. The paper explores characteristics and antecedents in the forms of the benefits and challenges associated with this increasingly prevalent form of entrepreneurship, including contextual and theoretical foundations. We provide policy and pragmatic research recommendations to enhance the development of this form of employment not only as a steppingstone to full-time self-employment but also as a driver of economic and social benefit to global societies. Furthermore, we provide inferences for future scientific studies within this domain.

Suggested Citation

  • Alex Maritz & Quan Nguyen & Abu Ismail, 2023. "Hybrid Entrepreneurs as the Neoteric Driver of Skill Variety and Economic Prosperity," Administrative Sciences, MDPI, vol. 13(6), pages 1-13, May.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:6:p:140-:d:1156619
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    References listed on IDEAS

    as
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    2. Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm & Bo Carlsson, 2005. "Growth and Entrepreneurship: An Empirial Assessment," Papers on Entrepreneurship, Growth and Public Policy 2005-32, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    3. Wiklund, Johan & Nikolaev, Boris & Shir, Nadav & Foo, Maw-Der & Bradley, Steve, 2019. "Entrepreneurship and well-being: Past, present, and future," Journal of Business Venturing, Elsevier, vol. 34(4), pages 579-588.
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    5. Zahra, Shaker A. & Filatotchev, Igor & Wright, Mike, 2009. "How do threshold firms sustain corporate entrepreneurship? The role of boards and absorptive capacity," Journal of Business Venturing, Elsevier, vol. 24(3), pages 248-260, May.
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    Full references (including those not matched with items on IDEAS)

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