Entrepreneurship Theories

What is the resilience theory? Resilience is the ability to get up after you fall down, whether it be physically, psychologically, cognitively, financially, socially, or economically. Resilience is expected to be an important capability of entrepreneurs because they typically face numerous failures on their way to eventual success. The idea of resilience as a virtue for entrepreneurs is appealing because it soothes the failed or failing entrepreneur. It involves a belief that continuing on despite setbacks is better than withdrawing from entrepreneurial activities. For example, the popular idea of the pivot implies the need to change directions as reality comes into focus. Ayala and Manzano (2014) find that Spanish small business owners are more resilient than the general population, highlighting the sub-construct of resourcefulness.  Bullough, Renko and Myatt (2014) focus on entrepreneurs during times of war, who show great resilience in the face of conflict. Entrepreneur...

There exists much confusion about the difference between "employee spinouts" and "corporate spinoffs". It is due to the ambiguous use of these terms both in practice and in academia (Yeganegi et al., 2024).    The following is an attempt to differentiate these phenomena based on who enjoys ownership benefits. At a basic level, spinouts involve employees that turn into entrepreneurs that launch startups, whereas spinoffs are corporate divisions/units turned independent companies.   An Employee spinout ("spinout") is the outcome of the independent decisions of employees that leave their employment to start a new venture or company (i.e., employees-turned-entrepreneurs). Neither the parent organizations nor their investors typically receive any ownership shares in a spinout (although they may sometimes take a small equity stake in exchange for IP rights). Spinouts are owned and controlled by former employees and their own investors (e.g., venture capitalists...