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. Entrepreneurial

When we talk to private sector entrepreneurs and managers, there is much confusion about the difference between employee spinouts and corporate spinoffs. This confusion is due to the ambiguous use of these terms both in practice and in academia (Laplume & Yeganegi, 2024).   Corporate Spinoff ("spinoff") is the outcome of corporate decision making processes of organizations (Agarwal, Audretsch, & Sarkar, 2007). A company's managers decide to make a division or subsidiary of the corporation into a separate legal entity with different (albeit often overlapping) owners. Spinoffs are often used to increase corporate coherence and to give growing divisions the independence they need to flourish. Spinoffs are a type of corporate restructuring decision or divestiture. Owners of shares in the parent receive shares in the spinoff, which is a new legal entity that issues new equity. The actual implementation of a spinoff may vary, for example, a pure-play, split-off, or car