IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-19-0644-2_2.html
   My bibliography  Save this book chapter

The Transformation of Embedded Means into Resources During Community-Based Venture Creation

In: Innovation in ASEAN

Author

Listed:
  • Masoud Karami

    (University of Otago)

  • Azilah Binti Kasim

    (Universiti Utara Malaysia)

  • Arto Ojala

    (University of Vaasa)

Abstract

In this chapter, we delve into the mechanism that mobilizes embedded means in the process of new venture co-creation in a small community. We build on effectuation theory to explain the ways in which these means—readily available and unique to each individual and to the community as a whole—provide a foundation for the integration of resources. We examine these ideas using rich qualitative data from homestay entrepreneurs in a rural Malaysian community. Our findings reveal how trust transforms embedded means, such as a sense of community and an authentic culture, into resources, in the venture-creation process. We contribute to community-level entrepreneurship research by applying effectuation theory to illustrate the social construction of new ventures at the community level. Effectuation theory enables us to delineate the contextuality of entrepreneurial cognition and actions at this level. We also contribute to effectuation theory by applying it at the community level and extending the key concept of trust as a mechanism that transforms intangible means into new resources in this theory. In addition, we discuss the implications for practitioners and policymakers.

Suggested Citation

  • Masoud Karami & Azilah Binti Kasim & Arto Ojala, 2022. "The Transformation of Embedded Means into Resources During Community-Based Venture Creation," Springer Books, in: Vanessa Ratten (ed.), Innovation in ASEAN, pages 9-38, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-0644-2_2
    DOI: 10.1007/978-981-19-0644-2_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-19-0644-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.