Volume 7, Issue 3 -

Although the contribution of creative industries to world economy has been widely acknowledged in the last few decades, their failure rate is still high and frustrates creative entrepreneurs. However, few empirical studies have been done to explore what causes creative entrepreneurs’ intention to quit. This paper, therefore, aims to draw upon the theories of motivation and entrepreneurship to offer a better understanding of entrepreneurs’ withdrawal intention. We incorporate the theory of motivation, creativity, and opportunity to realize their inter-play roles in reducing entrepreneurs’ intention to quit in creative industry sector. A sample of 272 creative entrepreneurs in Taiwan’s creative industries is used to test the framework we propose. Results show that entrepreneurial creativity and opportunity recognition enhance entrepreneurs’ motivation by satisfying the need for basic finance, need for work–life equilibrium, need for social reputation, and need for career achievement. Moreover, we found that entrepreneurs’ motivation in need for work–life equilibrium and need for career achievement reduces their intention to quit.

Understand the uncertainties and evaluate the opportunity are essential to support the number of new businesses launched every day. The aim of this paper is to analyse the uncertainty factors related to the evaluation of opportunity in software entrepreneurship. This study is concerned with developing a simple and effective framework for software entrepreneurs to evaluate opportunities for their projected venture and predict its success in an uncertain environment. The paper begins with identifying uncertainty factors relevant to software start-ups. Then, we introduce the Opportunity Evaluation Model to evaluate the scope of opportunities as moderated by the uncertainties using External Factor Evaluation (EFE) and Internal Factor Evaluation (IFE) matrix methods. The model outputs Internal-External (I-E) matrix containing graphical representation of the opportunity position, with the strengths, weaknesses, opportunities and threats identified from the inputs. Two case studies with different factor ratings for uncertainties are demonstrated using the model with a detailed explanation of the procedure of implementation. The article ends with a note on the efficacy of the framework and reiterates the importance of research examining opportunities in relation with surrounding uncertainties. Early recognition and management of uncertainties identified in this paper can increase the chance of success for new software ventures.

Experiential processing of events has been argued to result in affective reactions –emotions and feelings – which in turn influence judgment and decision states. Research also suggests that specific experiential processing may carry action-oriented appraisal dimensions that act as implicit perceptual lenses for interpreting subsequent experiences. However, founders with different founding goals may self-select into different founding trajectories that provide them with different experiences and therefore different affective reactions. Therefore, we develop a conceptual model to study experience or event-generated affect within the domain of two common venture goals: small business vs high growth venture goals. Our model unearths insights into affect research in entrepreneurship. Implications for research and practice are also provided.