AMC Indian Journal of Entrepreneurship

Open Access Open Access  Restricted Access Subscription Access

Role of Institutions: A Case of Plastic Industry Entrepreneur


Affiliations
1 Production and Operations Management, School of Management, KIIT University, Bhubaneswar, Odisha - 751 024., India
2 SAIL, BSO, CMO, Sector-1, Bhilai, Chhattisgarh - 490 001, Research Scholar, GIET University, Gunupur, Odisha - 765 022., India

   Subscribe/Renew Journal


Entrepreneurial effort depends on self-efficacy. Own skillset is a part of self-efficacy. The present case study brings out the role of ambition, self-efficacy, and attitude towards entrepreneurship in venture formation. The persistency is evidenced when an entrepreneur tried, failed, learnt from mistakes, went back to industry to learn, and attempted again.

Beyond the traditional aspects of entrepreneurship, this narrative research points to the role of educational institutes in promoting nascent technology entrepreneurship, the role of financial institutions, and natural calamity among others. The entrepreneur in this case asserted that the early childhood stories of his father’s admiration of entrepreneurs, and the news of entrepreneurial achievements were motivating factors for career choice. Initial failure, subsequent re-learning, institutional support, and continual education are pivots of this research. However, the entrepreneur’s reflection brought out how customers and suppliers try to take advantage of a new firm due to information asymmetry and bargaining power. Though the information asymmetry issue in institutional finance to entrepreneurship is well documented, an adversarial initial relationship among new firm, customers, and suppliers are less researched upon andis an opportunity for future research. Firm survival depends on responding to such challenges of market entry, network-dynamics, and information asymmetry.


Keywords

Intention, firm, Odisha, performance, survival.
User
Subscription Login to verify subscription
Notifications
Font Size

  • Adomako, S., Danso, A., Boso, N., & Narteh, B. (2018). Entrepreneurial alertness and new venture performance: Facilitating roles of networking capability. International Small Business Journal: Researching Entrepreneurship, 36(5), 453-472. https://doi.org/10.1177/0266242617747667

  • Behr, P., & Giittler, A. (2007). Credit risk assessment and relationship lending: An empirical analysis of German small and medium-sized enterprises. Journal of Small Business Management, 45(2), 194-213. https://doi.org/10.1111/j.1540-627X.2007.00209.x

  • Bosma, N., Content, J., Sanders, M., & Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51(2), 483-499. https://doi.org/10.1007/S11187-018-0012- X/TABLES/7

  • Bruns, V., & Fletcher, M. (2008). Banks’ risk assessment of Swedish SMEs. Venture Capital, 10(2), 171-194. https://doi.org/10.1080/1369 1060801946089

  • Cacciotti, G., Hayton, J. C., Mitchell, J. R., & Giazitzoglu, A. (2016). A reconceptualization of fear of failure in entrepreneurship. Journal of Business Venturing, 31(3), 302-325. https://doi.org/10.1016/J.JBUSVENT.2016.02.002

  • Cassar, G., Ittner, C. D., & Cavalluzzo, K. S. (2015). Alternative information sources and information asymmetry reduction: Evidence from small business debt. Journal of Accounting and Economics, 59(2-3), 242-263. https://doi.org/10.1016/JJACCECO.2014.08.003

  • Chell, E., & Baines, S. (2010). Networking, entrepreneurship and microbusiness behaviour. Entrepreneurship and Regional Development, 12(3), 195—215. https://doi.org/10.1080/0898562004 13464

  • Chinyamurindi, W. T. (2016). A narrative investigation on the motivation to become an entrepreneur among a sample of black entrepreneurs in South Africa: Implications for entrepreneurship career development education. Acta Commercii, 16(1). https://doi.org/10.4102/AC.V1611.310

  • Courtney, C., Dutta, S., & Li, Y. (2016). Resolving information asymmetry: Signaling, endorsement, and crowdfunding success. Entrepreneurship Theory and Practice, 41(2), 265-290. https://doi.org/10.1111/ETAP.12267

  • De Hoyos-Ruperto, M., Romaguera, J. M., Carlsson, B., & Lyytinen, K. (2013). Networking: A critical success factor for entrepreneurship. American Journal of Management, 13(2), 55—72.

  • Dehlen, T., Zellweger, T., Kammerlander, N., & Halter, F. (2014). The role of information asymmetry in the choice of entrepreneurial exit routes. Journal of Business Venturing, 29(2), 193-209. https://doi.org/10.1016/J.JBUSVENT.2012.10.001

  • Eklund, J., Levratto, N., & Ramello, G. B. (2018). Entrepreneurship and failure: two sides of the same coin? Small Business Economics, 54(2), 373-382. https://doi.org/10.1007/S11187-018-0039-Z

  • Gliicksman, S. (2020). Entrepreneurial experiences from venture capital funding: exploring two-sided information asymmetry. Venture Capital, 22(4), 331-354. https://doi.org/10.1080/13691066.2020.1827502

  • Gupta, V. (2020, May 28). Industry trends & future of plastic industry. Industry Outlook. https://www.theindustryoutlook.com/parts-and-components/industry-experts/industry-trends-future-of-plastic-industry-nwid-483.html

  • Hebert, R. F., & Link, A. N. (1989). In search of the meaning of entrepreneurship. Small Business Economics, 1(1), 39-49.

  • Huggins, R., & Thompson, P. (2015). Entrepreneurship, innovation and regional growth: a network theory. Small Business Economics, 45(1), 103-128. https://doi.org/10.1007/S11187-015-9643-3

  • Kar, B. (2015). Karmic cycle: The context, and an entrepreneurial journey. Entrepreneurship and Innovation Management Journal, 3(2), 90-103. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2604807

  • Kar, B., Mishra, R., & Mohanty, J. (2014). Revisiting the factors influencing entry and success of entrepreneurship. The International Journal of Management, 3(3), 34-47. www.theijm.com

  • Kar, B., Pathak, M. D., & Panda, M. C. (2018). Experiential and persistent entrepreneur : Deepak Jain from Subtlelabs. AMC Indian Journal of Entrepreneurship, 1(4), 7-15. https://doi.org/10.17010/AMCIJE/2018/V114/141217

  • Kar, B., & Patra, P. K. (2017). Partners in crime: The risk in entrepreneurship. Parikalpana: KIIT Journal of Management, iI 3 ( 1), 12 6 - 1 3 «6 http://jour.net/ijor.aspx?target=1jor:pkjm&volume=13 &issue=1 &article=011

  • Kar, B., Subudhi, R. N., & Kar, N. (2016). Gender-gap in entrepreneurship: A study on ideation, efficacy, planning differentiation measures. Amity Journal of Entrepreneurship, 1(1), 49-61. http://amity.edu/UserFiles/admaa/22 | Paper 3.pdf

  • Kar, B., & Tripathy, S. (2020a). Jagruti : Suvendu Sekhar Mahapatra Electronics and Telecommunication to Solid Waste Management. AMC Indian Journal of Entrepreneurship, 3(2—-3), 7-15. https://doi.org/10.17010/AMCIJE/2020/V312-3/153294

  • Kar, B., & Tripathy, S. (2020b). Gen-next entrepreneur : Passion, efficacy, intention, and the role of family. AMC Indian Journal of Entrepreneurship, 3(4), 13-21. https://doi.org/10.17010/AMCIJE/2020/V314/155755

  • Karabag, S. F. (2019). Factors impacting firm failure and technological development: A study of three emerging- economy firms. Journal of Business Research, 98, 462-474. https://doi.org/10.1016/J.JBUSRES.2018.03.008

  • Kautonen, T., Fredriksson, A., Minniti, M., & Moro, A. (2020). Trust-based banking and SMEs’ access to credit. Journal of Business Venturing Insights, 14 . https://doi.org/10.1016/J.JBVI.2020.E00191

  • Kiittim, M., Kallaste, M., Venesaar, U., & Kiis, A. (2014). Entrepreneurship education at university level and students’ entrepreneurial intentions. Procedia - Social and Behavioral Sciences, 110, 658-668. https://doi.org/10.1016/J.SBSPRO.2013.12.910

  • Littunen, H. (2000). Networks and local environmental characteristics in the survival of new firms. Small Business Economics, 15(1),59-71. https://doi.org/10.1023/A:1026553424833

  • Liu, F., Ma, J., & Li, R. (2019). Which role model is more effective in entrepreneurship education? An investigation of storytelling on individual’s entrepreneurial intention. Frontiers in Psychology, 10(APR), 837. https://doi.org/10.3389/FPSYG.2019.00837/BIBTEX

  • Qian, H., & Zhao, C. (2018). Space-time analysis of high technology entrepreneurship: A comparison of California and New England. Applied Geography, 95, 111-119. https://doi.org/10.1016/J.APGEOG.2018.04.006

  • Renzulli, L. A., Aldrich, H., & Moody, J. (2000). Family matters: Gender, networks, and entrepreneurial outcomes. Social Forces, 79(2), 523-546. https://doi.org/10.1093/SF/79.2.523

  • Saurabh, S. (2009). Plastic products industry in India: An analysis since 1990. SSRN Electronic Journal. https://doi.org/10.2139/SSRN.1068001

  • Subudhi, R. N., Kar, B., & Nayak, A. P. (2017). Red ocean, efficacy and entrepreneurial spirit: Case-study of Astang- Ayurved Chyavanpras, Bhubaneswar. Amity Journal of Entrepreneurship, 2(2), 37-49.

  • Top companies for manufacture of plastic products in Odisha. (n.d.). Retrieved October 13, 2021 from https://fliarbi.com/nic_companies/2520/or/state/

  • Tronnberg, C. C., & Hemlin, S. (2014). Lending decision making in banks: A critical incident study of loan officers. European Management Journal, 32(2), 362-372. https://doi.org/10.1016/J.EMJ.2013.03.003

  • Urbano, D., Aparicio, S., & Audretsch, D. (2018). Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned? Small Business Economics, 53(1), 21-49. https://doi.org/10.1007/S11187-018-0038-0

  • Urbano, D., Guerrero, M., Ferreira, J. J., & Fernandes, C. I. (2018). New technology entrepreneurship initiatives: Which strategic orientations and environmental conditions matter in the new socio-economic landscape? The Journal of Technology Transfer, 44(5), 1577-1602. https://doi.org/10.1007/S10961-018-9675-3

  • Walsh, G. S. (2017). Re-entry following firm failure: Nascent technology entrepreneurs’ tactics for avoiding and overcoming stigma. Technology-Based Nascent Entrepreneurship, 95-117. https://doi.org/10.1057/978-1-137-59594-2_ 5

  • Watson, J. (2007). Modeling the relationship between networking and firm performance. Journal of Business Venturing, 22(6), 852-874. https://doi.org/10.1016/J.JBUSVENT.2006.08.001

  • Wincent, J. (2005). Does size matter? A study of firm behavior and outcomes in strategic SME networks. Journal of Small Business and Enterprise Development, 12(3), 437-453. https://doi.org/10.1108/146260005


Abstract Views: 212

PDF Views: 0




  • Role of Institutions: A Case of Plastic Industry Entrepreneur

Abstract Views: 212  |  PDF Views: 0

Authors

Brajaballav Kar
Production and Operations Management, School of Management, KIIT University, Bhubaneswar, Odisha - 751 024., India
Satyaballav Kar
SAIL, BSO, CMO, Sector-1, Bhilai, Chhattisgarh - 490 001, Research Scholar, GIET University, Gunupur, Odisha - 765 022., India

Abstract


Entrepreneurial effort depends on self-efficacy. Own skillset is a part of self-efficacy. The present case study brings out the role of ambition, self-efficacy, and attitude towards entrepreneurship in venture formation. The persistency is evidenced when an entrepreneur tried, failed, learnt from mistakes, went back to industry to learn, and attempted again.

Beyond the traditional aspects of entrepreneurship, this narrative research points to the role of educational institutes in promoting nascent technology entrepreneurship, the role of financial institutions, and natural calamity among others. The entrepreneur in this case asserted that the early childhood stories of his father’s admiration of entrepreneurs, and the news of entrepreneurial achievements were motivating factors for career choice. Initial failure, subsequent re-learning, institutional support, and continual education are pivots of this research. However, the entrepreneur’s reflection brought out how customers and suppliers try to take advantage of a new firm due to information asymmetry and bargaining power. Though the information asymmetry issue in institutional finance to entrepreneurship is well documented, an adversarial initial relationship among new firm, customers, and suppliers are less researched upon andis an opportunity for future research. Firm survival depends on responding to such challenges of market entry, network-dynamics, and information asymmetry.


Keywords


Intention, firm, Odisha, performance, survival.

References





DOI: https://doi.org/10.17010/amcije%2F2022%2Fv5i1%2F169380