英文摘要 |
This theoretical study inquires why entrepreneurs choose to create a new venture as a mode of organizing. This study consider entrepreneurial spin-off as a new venture creation by an employed individual. We argue that an entrepreneurial spin-off is an efficient mode choice, regarding innovation, uncertainty, and opportunity. Based on the major entrepreneurship theoretical foundations of K. H. Knight, J. A. Schumpeter, and I. M. Kirzner, we propose that innovation, uncertainty, and opportunity motivate an employed individual chooses an entrepreneurial spin-off. Beyond the prior company experience, we further propose that social capital facilitates the decision taking into action when the individual to proceed an entrepreneurial spin-off. An entrepreneurial spin-off tends to occur when an entrepreneur chooses to maximize team production output with one's specific know-how, to fully bear uncertainty for his or her optimistic judgment of future fortunes based on one's talent, to utilize opportunities beyond the current company's businesses based on information flow and knowledge creation, and these interactive effects might exist. Furthermore, the entrepreneurial spin-off is facilitated when social capital resources support. This study makes theoretical contributions of explaining entrepreneurial spin-off decision with a new venture organizing mode of choice. |