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Entrepreneurial mindset: Dispositional beliefs, opportunity beliefs, and entrepreneurial behavior

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  • Robert J. Pidduck
  • Daniel R. Clark
  • G. T. Lumpkin

Abstract

Research on entrepreneurial mindset (EM) has proliferated in recent years. Its importance rests on a key assumption: EM matters for entrepreneurial behavior. However, to date, EM conceptualizations remain fragmented, and theories delineating the relationship between EM and the behaviors underpinning entrepreneurship are limited. In this article, we conceptualize EM as a goal orientation formed through dispositional beliefs about entrepreneurship and opportunity beliefs, which results in entrepreneurial behaviors. We draw upon recent advances in entrepreneurial orientation (EO) research at the individual level as a model for dispositional beliefs. Further, we theorize the origins, mechanisms, manifestations, and effect of EM. Finally, we discuss important implications for stakeholders interested in leveraging EM to stimulate entrepreneurial activity and lay out a research agenda for future development of our disposition-based framework.

Suggested Citation

  • Robert J. Pidduck & Daniel R. Clark & G. T. Lumpkin, 2023. "Entrepreneurial mindset: Dispositional beliefs, opportunity beliefs, and entrepreneurial behavior," Journal of Small Business Management, Taylor & Francis Journals, vol. 61(1), pages 45-79, January.
    • Handle: RePEc:taf:ujbmxx:v:61:y:2023:i:1:p:45-79
    DOI: 10.1080/00472778.2021.1907582
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    Citations

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    Cited by:

    1. Nadia Abdelhamid Abdelmegeed Abdelwahed & Abdulrahman Alshaikhmubarak, 2023. "Developing Female Sustainable Entrepreneurial Intentions through an Entrepreneurial Mindset and Motives," Sustainability, MDPI, vol. 15(7), pages 1-20, April.
    2. Bachmann, Nina & Rose, Robert & Maul, Valeska & Hölzle, Katharina, 2024. "What makes for future entrepreneurs? The role of digital competencies for entrepreneurial intention," Journal of Business Research, Elsevier, vol. 174(C).
    3. Yi‐Chun Huang & Li‐Ting Shih & Zhao‐Hong Cheng, 2024. "A multi‐level analysis of individual green entrepreneurial orientation: Evidence from Taiwan's environmental protection sectors," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3440-3462, May.
    4. Pidduck, Robert J. & Townsend, David M. & Busenitz, Lowell W., 2024. "Non-probabilistic reasoning in navigating entrepreneurial uncertainty: A psychology of religious faith lens," Journal of Business Venturing, Elsevier, vol. 39(4).
    5. Mohammed Abualreesh & Rohana Ngah & Mohd Ali Bahari Abdul Kadir, 2023. "The Mediating Effect of Entrepreneurial Self-Efficacy between Business Incubator Funding and Business Success: A Conceptual Paper," Information Management and Business Review, AMH International, vol. 15(4), pages 404-410.
    6. Wided Ragmoun, 2024. "The Analysis of Trigger Factors of the Environmental Entrepreneurship Process in Saudi Arabia: An Innovative Approach," Economies, MDPI, vol. 12(9), pages 1-19, September.
    7. Shulin Xu & Kangqi Jiang, 2024. "Knowledge creates value: the role of financial literacy in entrepreneurial behavior," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    8. Arslan, Ahmad & Kamara, Samppa & Tian, Anna Yumiao & Rodgers, Peter & Kontkanen, Minnie, 2024. "Marketing agility in underdog entrepreneurship: A qualitative assessment in post-conflict Sub-Saharan African context," Journal of Business Research, Elsevier, vol. 173(C).
    9. Franczak, Jennifer & Gyensare, Michael A. & Lanivich, Stephen E. & Adomako, Samuel & Chu, Irene, 2024. "How and when does founder polychronicity affect new venture performance? The roles of entrepreneurial orientation and firm age," Journal of Business Research, Elsevier, vol. 172(C).
    10. Abd Hamid, Hamizah & Pidduck, Robert J. & Newman, Alexander & Ayob, Abu Hanifah & Sidek, Farhana, 2023. "Intercultural resource arbitrageurs: A review and extension of the literature on transnational entrepreneurs," Journal of Business Research, Elsevier, vol. 165(C).
    11. Daniel R. Clark & Robert J. Pidduck & G. T. Lumpkin & Jeffrey G. Covin, 2024. "Is It Okay to Study Entrepreneurial Orientation (EO) at the Individual Level? Yes!," Entrepreneurship Theory and Practice, , vol. 48(1), pages 349-391, January.

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