CARTER Nancy M., HAN JungYun
Entrepreneurship in The Blackwell Encyclopedia of Management (vol. III), Blackwell Publishing Forthcoming
The term “nascent entrepreneur” has been added to the literature in the past ten years as researchers focused greater attention on understanding the earliest stages of organization emergence. Studies showing that new businesses provide profound social and economic benefits stimulated researchers and policy-makers to learn more about how new businesses come into existence, how many were being formed, at what rate, and information on the individuals who were starting the businesses. Previous research had relied on retrospective reports of entrepreneurs who already had their businesses established to relate how the entrepreneurial career choice was made, the processes of early creation and launch, and why some start-up efforts were successful while others were discontinued. Concern about the validity of the reminiscences of new firm owners to reflect organization emergence led to efforts to study nascent entrepreneurs – individuals who were actively involved in business start-up activities. So, we put efforts to determine who they are and to track their start-up processes.