Welter 2011 (Context)

Question 1

Why is context important in entrepreneurship?

Answer 1

• Entrepreneurial activities are influenced by the environment where the actions take place
• There is a tendency to underestimate the influence of external factors
• Context provides individuals with both assets and liabilities for their actions
• Important for understanding when, how and why, entrepreneurship happens and who becomes involved

Question 2

Name the three levels of context and what they include

Answer 2

Micro: individuals, genders, family, feelings, organisations, teams

Meso: Inter organisational clusters, networks, markets

Macro: National, economy, society, country

Question 3

Name and describe the four dimensions of context

Answer 3

Business (industiry, market) - Stage of life-cycles of industries and markets, number and nature of competitors

Social (Networks; household and family) - Structure of networks, density, frequency of network relations: composition and roles of household/family

Spatial (Geographical environments eg. countries, communities and neighborhoods) - Characteristics of physical business location, infrastructure, local communities and regions.

Institutional (Culture and society: political and economic system) - Societal attitudes and norms: legal and regulatory regulations: policy and support measures

Question 4

How do you contextualize?

Answer 4

1) Entrepreneurship theory needs to be contextualized. Paying attention to situatinal boundaries in order to frame research questions.
2) Theorizing context = Identifying theories in context. Researchers should challenge their preferred research paradigms, which assume one way relationshop between context and entrepreneurship

Question 5

How does (1) context influence (2) the instrumental evaluation and (3) the legitimating evaluation of opportunities? Any example?

Question 6

How does multiplicity of context influence the evaluation of entrepreneurial opportunity?

Question 7

How does context act as an 1) asset and 2) liability to resource utilization and acquisition when adopting the logics of 3) resource explotiation and 4) resource exploration? Discuss

Question 8

What is context?

Answer 8

Background, framework, conditions, circustances, situations,
connections that surround actions or events

Question 9

Name the two multiplicity of contexts

Answer 9

• Multi-levels

- Multi-dimensions

Question 10

Describe the three levels of social context

Answer 10

Macro: national customs and traditions

• Ethinc products
• Religions

Meso: Inter-firm, regional network

• Nascent entrepreneurs
• Ethnic network

Micro: Household and family

• Family embeddedness perspective
• Women entreprenurs

Question 11

HOW DOES MULTIPLICITY OF CONTEXTS

WORK IN THE CASE OF REBEL GIRLS?

Answer 11

• Social
• Institutional
• Spatial
• Economic
• Household/Family
• Macro
• Meso
• Micro

Question 12

How does multiplicity of contexts influence (a) sustainable entrepreneurship and (b)
diaspora entrepreneurship? Discuss and give examples

Question 13

Describe the concept of multiplicity of contexts and discuss how it affects the organisation of opportunities.

Question 14

HOW DOES MULTIPLICITY OF
CONTEXTS INFLUENCE THE
DEVELOPMENT OF YOUR
BUSINESS IDEA? Discuss