Antecedents of Entrepreneurial Resilience

Abstract

Given that entrepreneurs regularly face challenges in the process of starting a new venture, their ability to adapt and respond to adversity is of great interest to entrepreneurship scholars. The aim of this chapter is to enlighten the scope of resilience in the context of entrepreneurship by elaborating the concept of resilience in a different context and identifying the factors influencing entrepreneurship resilience. This chapter has identified three main factors: intrapersonal, interpersonal, and contextual. These factors are further divided into sub-factors: intrapersonal (personal traits, motivation, human capital, and belief and values), interpersonal (informal supportive, teamwork, and formal supportive relationships), and contextual (resources, culture, and rules and regulations). This chapter has insights for scholars, universities, students, government bodies, and financial institutions.

Key Terms in this Chapter

Entrepreneurship: The process of starting a new venture which comprises opportunity and risk.

Entrepreneurial Resilience: A process which entrepreneur employ to form and incorporate capabilities to adapt and respond to dynamic changes occurred in the entrepreneurial role.