Bridging the Gap: Experiential Learning's Role in Transitioning from Hybrid to Full-Time Entrepreneurship


Authors : Mahabub Musa Garba; Haruna Aliyu Yelwa

Volume/Issue : Volume 9 - 2024, Issue 9 - September


Google Scholar : https://tinyurl.com/44s4v9aa

Scribd : https://tinyurl.com/v4tn5mfz

DOI : https://doi.org/10.38124/ijisrt/IJISRT24SEP801

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.


Abstract : The transition from hybrid entrepreneurship- where individuals maintain part-time employment while nurturing their business ventures-to full-time entrepreneurship presents unique challenges and opportunities. This conceptual paper examines the critical factors that influence the possibility of making the transition from hybrid to full-time entrepreneurship. To develop a more sophisticated knowledge of the dynamic entrepreneurial journey, it is imperative to assess the experience learning that occurs throughout the hybrid phase. To present a conceptual model and related claims, this conceptual paper used secondary data analysis of previously published academic literature, specifically utilizing a thematic analysis. Three elements are identified in the proposed conceptual model as being likely to affect the decision to transition: fear of failure, entrepreneurial competency development and self-efficacy. In this study, hybrid entrepreneurship is demonstrated to be a useful training ground and a route for full-time entrepreneurship. There are three main sources of value in the paper. First, applying an established theory to a novel setting in order to provide a transdisciplinary approach. Secondly, a conceptual model is established, providing statements that are easily connected to theories for further empirical analysis. Third, raising the profile of hybrid entrepreneurship in the literature to promote support and involvement from the public policy sphere.

Keywords : Hybrid Entrepreneurship, Entrepreneurship Transition, Experiential Learning, Skills Development.

References :

  1. Barakat, S., Boddington, M. and Vyakarnam, S. (2014), "Measuring entrepreneurial self- efficacy to understand the impact of creative activities for learning innovation", International Journal of Management Education, Vol. 12 No. 3, pp. 456–468.
  2. Bélanger, P. (2011). Theories in adult learning and education. Barbara Budrich.
  3. Block, J. and Landgraf, A. (2016), "Transition from part-time entrepreneurship to full-time entrepreneurship: the role of financial and non-financial motives", International Entrepreneurship and Management Journal, Vol. 12 No. 1, pp. 259–282.
  4. Bloemen-Bekx, M., Voordeckers, W., Remery, C. and Schippers, J. (2019), "Following in parental footsteps? the influence of gender and learning experiences on entrepreneurial intentions", International Small Business Journal, Vol. 37 No. 6, pp. 642-663.
  5. Burmeister-Lamp, K., Lévesque, M., & Schade, C. (2012). Are entrepreneurs influenced by risk attitude, regulatory focus or both? An experiment on entrepreneurs’ time allocation. Journal of Business Venturing, 27(4), 456–476. https://doi.org/10.1016/j.jbusvent.2011.12.001
  6. Byrne, J., & Toutain, O. (2012). Research in entrepreneurship: Learning from learning theories. Academy of Management Proceedings, 2012(1), 3–7. https://doi.org/10.5465/AMBPP.2012.14080abstract
  7. Cacciotti G and Hayton JC (2015) Fear and entrepreneurship: A review and research agenda. InternationalJournal of Management Reviews 17: 165–190.
  8. Cacciotti G, Hayton JC, Mitchell JR, et al. (2020) Entrepreneurial fear of failure: Scale development andvalidation. Journal of Business Venturing 35: 106041.
  9. Drnovšek, M., Wincent, J. and Cardon, M. (2010), "Entrepreneurial self-efficacy and business start-up: developing a multi-dimensional definition", International Journal of Entrepreneurial Behavior and Research, Vol. 16 No. 4, pp. 329–348.
  10. Dzomonda, O., & Masocha, R. (2018). Demystifying the nexus between social capital and entrepreneurial success in South Africa. Academy of Entrepreneurship Journal, 25(1), 1–10.
  11. Fayard, A.-L. (2019), Notes on the meaning of work: Labor, work, and action in the 21st century. Journal of Management Inquiry, pp. 1–14 (in press). https://doi.org/10.1177/1056492619841705
  12. Ferreira, C.C. (2020). Experiential learning theory and hybrid entrepreneurship: Factors influencing the transition to full-time entrepreneurship. International Journal of Entrepreneurial Behavior & Research, 26(8), 1845–1863. https://doi. org/10.1108/IJEBR-12-2019-0668
  13. Folta, T. B., Delmar, F., & Wennberg, K. (2010). Hybrid entrepreneurship. Management Science, 56(2), 253–269. https://doi.org/10.1287/mnsc.1090.1094
  14. Gilson, L. and Goldberg, C. (2015), "Editors’s comment: So, what is a conceptual paper?", Group & Organization Management, Vol. 40 No. 2, pp. 127-130.
  15. Gruenert, J. C. (1999). Second job entrepreneurs. Occupational Outlook Quarterly, 43(3), 18–26.
  16. Hayton, J. and Cacciotti, G. (2018), "How fear helps (and hurts) entrepreneurs", Harvard Business Review, April 2018.
  17. Karami, M. and Tang, J. (2019), "Entrepreneurial orientation and SME international performance: the mediating role of networking capability and experiential learning", International Small Business Journal, Vol. 37 No. 2, pp. 105-124.
  18. Kalleberg, A. (2000), "Part-time, temporary and contract work", Annual Review of Sociology, Vol. 26, pp. 341-365.
  19. Kolb, D.A. (2015). Experiential learning: Experience as the source of learning and development. Pearson.
  20. Marshall, D., David, W., Dibrell, C. and Ammeter, A. (2019), "Learning off the job: examining part-time entrepreneurs as innovative employees", Journal of Management, Vol. 45 No. 8, pp. 3091-3113.
  21. Morris, M.H., Webb, J.W., Fu, J., & Singhal, S. (2013). A competency-based perspective on entrepreneurship education: Conceptual and empirical insights. Journal of  Small Business Management, 51(3), 352–369. https://doi.org/10.1111/jsbm.12023
  22. Nordström, C., Sirén, C. A., Thorgren, S., & Wincent, J. (2016). Passion in hybrid entrepreneurship: The impact of entrepreneurial teams and tenure. Baltic Journal of Management, 11(2), 167–186. https://doi.org/10.1108/BJM-01-2015-0007
  23. Petrova, K. (2011). Part-time entrepreneurship, learning and ability. Journal and Management Policy and Practice, 12(1), 64–75.
  24. Petrova, K. (2012). Part-time entrepreneurship and financial constraints: Evidence from the panel study of entrepreneurial dynamics. Small Business Economics, 39(2), 473–493. https://doi.org/10.1007/s11187-010-9310-7
  25. Politis, D. (2005), "The process of entrepreneurial learning: a conceptual framework", Entrepreneurship Theory and Practice, Vol. 29 No. 4, pp. 399–424.
  26. Popiel, P. (2017), "Boundaryless in the creative economy: assessing freelancing on Upwork", Critical Studies in Media Communication, Vol. 34 No. 3, pp. 1–14.
  27. Raffiee, J., & Feng, J. (2014). Should I quit my day job? A hybrid path to entrepreneurship. Academy of Management Journal, 57(4), 936–963. https://doi.org/10.5465/amj.2012.0522
  28. Smallbone, D., & Welter, F. (2001). The distinctiveness of entrepreneurship in transition economies. Small Business Economics, 16(4), 249–262. https://doi.org/10.1023/A:1011159216578
  29. Thorgren, S., Nordström, C., & Wincent, J. (2014). Hybrid entrepreneurship: The Importance of passion. Baltic Journal of Management, 9(3), 314–329. https://doi.org/10.1108/BJM-11-2013-0175
  30. Rasmussen, E., Mosey, S. and Wright, M. (2011), "The evolution of entrepreneurial competencies: a longitudinal study of university spin-off venture emergence", Journal of Management Studies, Vol. 48 No. 6, pp. 1314–1345.
  31. Segal, G., Borgia, D. and Schoenfeld, J. (2005), "The motivation to become an entrepreneur", International Journal of Entrepreneurial Behavior and Research, Vol. 11 No. 1, pp. 42–57.
  32. Solesvik, M. (2017), "Hybrid entrepreneurship: how and why entrepreneurs combine employment with self-employment", Technology Innovation Management Review, Vol. 7 No. 3, pp. 33-41.
  33. Viljamaa, A., Varamäki, E. and Joensuu-Salo, S. (2017), "Best of both worlds? persistent hybrid entrepreneurship", Journal of Enterprising Culture, Vol. 25 No. 4, pp. 339-359.
  34. Weick, K. (1989), "Theory construction as disciplined imagination", Academy of Management Review, Vol. 14, pp. 516-531.
  35. Wennberg, K., Pathak, S. and Autio, E. (2013), "How culture moulds the effects of self-efficacy and fear of failure on entrepreneurship", Entrepreneurship and Regional Development, Vol. 25 No. 9-10, pp. 756–780.
  36. Zhao, H., Seibert, S. and Hills, G. (2005), "The mediating role of self-efficacy in the development of entrepreneurial intentions", Journal of Applied Psychology, Vol. 90 No. 6, pp. 1265–1272.

The transition from hybrid entrepreneurship- where individuals maintain part-time employment while nurturing their business ventures-to full-time entrepreneurship presents unique challenges and opportunities. This conceptual paper examines the critical factors that influence the possibility of making the transition from hybrid to full-time entrepreneurship. To develop a more sophisticated knowledge of the dynamic entrepreneurial journey, it is imperative to assess the experience learning that occurs throughout the hybrid phase. To present a conceptual model and related claims, this conceptual paper used secondary data analysis of previously published academic literature, specifically utilizing a thematic analysis. Three elements are identified in the proposed conceptual model as being likely to affect the decision to transition: fear of failure, entrepreneurial competency development and self-efficacy. In this study, hybrid entrepreneurship is demonstrated to be a useful training ground and a route for full-time entrepreneurship. There are three main sources of value in the paper. First, applying an established theory to a novel setting in order to provide a transdisciplinary approach. Secondly, a conceptual model is established, providing statements that are easily connected to theories for further empirical analysis. Third, raising the profile of hybrid entrepreneurship in the literature to promote support and involvement from the public policy sphere.

Keywords : Hybrid Entrepreneurship, Entrepreneurship Transition, Experiential Learning, Skills Development.

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe