Open AccessExpanding the Entrepreneurial Value Creation Model of Mishra & Zachary (2014)
Author(s) -
Phuong Tran Thi My,
Tu Phan Anh
Publication year - 2021
Publication title -
archives of business research
Language(s) - English
Resource type - Journals
ISSN - 2054-7404
DOI - 10.14738/abr.98.10748
Subject(s) - entrepreneurship , value (mathematics) , value creation , empirical research , process (computing) , marketing , sociology , business , management , industrial organization , economics , computer science , epistemology , philosophy , finance , machine learning , operating system
There have been many theories applied to explain entrepreneurship and its factors. A majority have not explained an entrepreneurial process entirely. This paper builds on existing theoretical and empirical studies to detail and expand the Entrepreneurial Value Creation Model to provide a complete theoretical model of the entrepreneurship process for empirical studies in the future. Three main contributions of the research include: (1) a detailed entrepreneurial value creation model; (2) a review of 8 types of research related to Entrepreneurial Value Creation theory; and (3) seven factors influencing entrepreneurial intention and five factors influencing opportunity recognition added to the model.