Abstract
Everyday ventures are important engines of economic and social development around the world. These types of ventures tend to be resource constrained, focused on regional service areas, and rely almost exclusively on replicative approaches to business. Despite their prevalence, these types of ventures receive far less attention in the literature than their innovative, growth-focused counterparts. Thus, there is still much we do not know about how the entrepreneurs behind these types of ventures approach strategy and measure their success. In this qualitative study, we utilize self-determination theory to interpret interview data and illustrate how venture launch and strategic choice allow everyday entrepreneurs to self-fulfill their psychological needs through their business. Doing so, our research answers questions related to: 1) everyday venture launch; 2) the strategies everyday entrepreneurs pursue to position their venture in the market; and, 3) the metrics by which everyday entrepreneurs measure the success of their venture. We find that everyday entrepreneurs self-fulfill their needs for autonomy, relatedness, and competence by launching their ventures and making specific strategic choices regarding competition. More specifically, we find that everyday entrepreneurs primarily rely on differentiation strategies focused on high-quality offerings coupled with a premium customer service experience, while measuring success using an approach similar to the balanced scorecard. We conclude with a discussion of the implications for theory and practice.
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Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Entrepreneurship in Times of Crisis: A Comprehensive Review with Future Directions
- Entrepreneurial Failure: Structuring a Widely Overlooked Field of Research
- Why Peer Support Matters: Entrepreneurial Stressors, Emotional Exhaustion, and Growth Intentions of Women Entrepreneurs
- “And Yet It Moves”: National Entrepreneurial Culture and Entrepreneurship-Friendly Policies: Evidence From OECD Countries
- Research on the Influence Mechanism of Dual Social Network Embeddedness Combined Ambidexterity on Entrepreneurial Performance of Returning Migrant Workers
- Holding Friends Closer or Keeping Them at a Distance: The Intimacy with Founding Members and Its Effect on Entrepreneurs’ Effectual Problem Setting
- Entrepreneurs’ Personality Traits and Social Enterprise: A Legitimation Perspective
- The Antecedents to Habitual Entrepreneurship: Exploring the Role of Entrepreneurs’ Narcissism and Educational Level
- Network Insight and Entrepreneurial Performance of New Ventures: Understanding the Roles of Resource Integration and Dynamic Management Capability
- Extending the Theory of Planned Behavior – A Longitudinal Study of Entrepreneurial Intentions
- Patterns of Technological Entrepreneurship and Their Determinants: Evidence from Technology-Based Manufacturing Firms in China
- The Relationship between Cognitive and Contextual Factors: A Self-Regulatory Mechanism Underlying Persistence in Nascent Entrepreneurs
- Is e-Government a Driver to Enhance Entrepreneurship? An Empirical Investigation of European Countries
- Investigating the Relationship between Technological Entrepreneurship and National Innovativeness: Moderating Effects of Intellectual Property Protection and R&D Transfer Environment
- How Does Subsidiary Autonomy Influence Performance in the Emerging Economy: Different Moderating Effects of Subsidiary Entrepreneurship
- Resource Orchestration in Hub-Based Entrepreneurial Ecosystems: A Case Study on the Seaweed Industry
- How Does the Combination of Factors Influence Entrepreneurs’ Decision-Making Logic? A Qualitative Comparative analysis
- Competitive Strategy in Everyday Entrepreneurial Ventures: A Self-determination Theory Perspective
- Should Start-Ups Be Green? Corporate Environmental Responsibility, Institutional Contexts, and Financial Performance of New Ventures
- Success Factors in Equity Crowdfunding – Evidence from Crowdcube
Articles in the same Issue
- Frontmatter
- Competitive Research Articles
- Entrepreneurship in Times of Crisis: A Comprehensive Review with Future Directions
- Entrepreneurial Failure: Structuring a Widely Overlooked Field of Research
- Why Peer Support Matters: Entrepreneurial Stressors, Emotional Exhaustion, and Growth Intentions of Women Entrepreneurs
- “And Yet It Moves”: National Entrepreneurial Culture and Entrepreneurship-Friendly Policies: Evidence From OECD Countries
- Research on the Influence Mechanism of Dual Social Network Embeddedness Combined Ambidexterity on Entrepreneurial Performance of Returning Migrant Workers
- Holding Friends Closer or Keeping Them at a Distance: The Intimacy with Founding Members and Its Effect on Entrepreneurs’ Effectual Problem Setting
- Entrepreneurs’ Personality Traits and Social Enterprise: A Legitimation Perspective
- The Antecedents to Habitual Entrepreneurship: Exploring the Role of Entrepreneurs’ Narcissism and Educational Level
- Network Insight and Entrepreneurial Performance of New Ventures: Understanding the Roles of Resource Integration and Dynamic Management Capability
- Extending the Theory of Planned Behavior – A Longitudinal Study of Entrepreneurial Intentions
- Patterns of Technological Entrepreneurship and Their Determinants: Evidence from Technology-Based Manufacturing Firms in China
- The Relationship between Cognitive and Contextual Factors: A Self-Regulatory Mechanism Underlying Persistence in Nascent Entrepreneurs
- Is e-Government a Driver to Enhance Entrepreneurship? An Empirical Investigation of European Countries
- Investigating the Relationship between Technological Entrepreneurship and National Innovativeness: Moderating Effects of Intellectual Property Protection and R&D Transfer Environment
- How Does Subsidiary Autonomy Influence Performance in the Emerging Economy: Different Moderating Effects of Subsidiary Entrepreneurship
- Resource Orchestration in Hub-Based Entrepreneurial Ecosystems: A Case Study on the Seaweed Industry
- How Does the Combination of Factors Influence Entrepreneurs’ Decision-Making Logic? A Qualitative Comparative analysis
- Competitive Strategy in Everyday Entrepreneurial Ventures: A Self-determination Theory Perspective
- Should Start-Ups Be Green? Corporate Environmental Responsibility, Institutional Contexts, and Financial Performance of New Ventures
- Success Factors in Equity Crowdfunding – Evidence from Crowdcube