Repository logo

Infoscience

  • English
  • French
Log In
Logo EPFL, École polytechnique fédérale de Lausanne

Infoscience

  • English
  • French
Log In
  1. Home
  2. Academic and Research Output
  3. Journal articles
  4. Getting more from many - A framework of community resourcefulness in new venture creation
 
research article

Getting more from many - A framework of community resourcefulness in new venture creation

Hertel, Christina  
•
Binder, Julia  
•
Fauchart, Emmanuelle
May 1, 2021
Journal Of Business Venturing

In this study, we move beyond the predominant focus entrepreneurship researchers have put on the acquisition of financial capital from professional investors by exploring how, and with what effects, entrepreneurs can mobilize all required resources?financial, human, physical, and social?from local communities. Our temporal analysis of the resource mobilization processes of seven cases of community-based enterprises (CBEs) reveals four sets of activities with distinct goals and effects, which explain how entrepreneurs can meet or even exceed their resource mobilization goals by mobilizing a greater variety of resources from a broader base of resource providers. Importantly, the findings show how entrepreneurs can achieve a multiplier effect meaning that they can perpetuate the inflow of significant amounts of unsolicited resources by continuously engaging in activities targeted at creating a sense of identification and ownership, which require comparatively little extra effort and resource inputs. We synthesize our findings in a framework of community resourcefulness in new venture creation. This framework adds a new perspective of resourcefulness as ?getting more from many,? and demonstrates that resourceful behavior is not necessarily about individuals? ability to respond to situational constraints but also about their ability to recognize and seize situational resource potentials. Our findings have important implications for our understanding of resourcefulness in entrepreneurship and the nascent body of literature on community-based enterprises.

  • Details
  • Metrics
Type
research article
DOI
10.1016/j.jbusvent.2021.106094
Web of Science ID

WOS:000633391500002

Author(s)
Hertel, Christina  
Binder, Julia  
Fauchart, Emmanuelle
Date Issued

2021-05-01

Published in
Journal Of Business Venturing
Volume

36

Issue

3

Article Number

106094

Subjects

Business

•

Business & Economics

•

resourceful behavior

•

community resourcefulness

•

local communities

•

resource mobilization

•

community-based enterprise

•

case study

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
ENTC  
Available on Infoscience
April 24, 2021
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/177539
Logo EPFL, École polytechnique fédérale de Lausanne
  • Contact
  • infoscience@epfl.ch

  • Follow us on Facebook
  • Follow us on Instagram
  • Follow us on LinkedIn
  • Follow us on X
  • Follow us on Youtube
AccessibilityLegal noticePrivacy policyCookie settingsEnd User AgreementGet helpFeedback

Infoscience is a service managed and provided by the Library and IT Services of EPFL. © EPFL, tous droits réservés