The Role of Inspiration in the Entrepreneurial Process

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Abstract

Entrepreneurial inspiration may have significant effects on the entrepreneur, the entrepreneurial process and people involved. Yet, the role of entrepreneurial inspiration is currently a largely overlooked phenomenon in contemporary entrepreneurship research. Recent findings in psychology literature indicate that inspiration plays a key part in creative processes and may have significant transformative cognitive, emotional and behavioral effects. Based on these insights we propose to extend the existing entrepreneurial process model of Lumpkin et al. (2004) to include a transformation phase with an element of extension. This is in order to recognize the transformative effects of the entrepreneurial process on both the entrepreneur and others involved. As a consequence of the theoretical development seven propositions and new interesting areas of future research are outlined both concerning entrepreneurial inspiration and the entrepreneurial process in general.
Original languageEnglish
Title of host publicationProceedings of RENT XXX - Research in Entrepreneurship and Small Business : Innovation, Relational Networks, Technology and Knowledge Transfer as Drivers of Global Competitiveness
PublisherEIASM - European Institute for Advanced Studies in Management
Publication date18.11.2016
Publication statusPublished - 18.11.2016
MoE publication typeA4 Article in conference proceedings
EventResearch in Entrepreneurship and Small Business (RENT) XXX - Antwerpen, Belgium
Duration: 16.11.201618.11.2016
Conference number: 30

Publication series

Name
ISSN (Electronic)2219-5572

Keywords

  • 512 Business and Management
  • 113 Computer and information sciences

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