Diplomarbeit, 2007
118 Seiten, Note: 1.3
1 INTRODUCTION
1.1 PROBLEM STATEMENT AND RESEARCH OBJECTIVE
1.2 STRUCTURE OF THE THESIS
2 CONCEPTS
2.1 TYPOLOGY OF ENTREPRENEURS
2.2 HABITUAL ENTREPRENEURS
2.2.1 Serial Entrepreneurs
2.2.2 Portfolio Entrepreneurs
2.2.3 Fallen Entrepreneurs
3 THEORETICAL FOUNDATION
3.1 LITERATURE REVIEW
3.1.1 Population of Habitual Entrepreneurs
3.1.2 Characteristics of Habitual Entrepreneurs
3.1.3 Performance of Habitual Entrepreneurs and their Ventures
3.2 THEORETICAL FRAMEWORK
3.3 ANALYTICAL SET-UP
3.3.1 Premises
3.3.2 Dependent Variables
3.3.3 Independent Variables
4 EMPIRICAL ANALYSIS
4.1 RESEARCH DESIGN
4.2 DATA COLLECTION
4.3 DECLARATION OF VARIABLES
4.4 ANALYSIS
4.4.1 Sequence of the Analysis
4.4.2 Methods of Analysis
4.5 RESULTS
4.5.1 Sample Comparison
4.5.2 Population of Habitual Entrepreneurs in Germany
4.5.3 Characteristics of Habitual Entrepreneurs in Germany
4.5.4 Performance of German Habitual Entrepreneurs and their Ventures
4.6 INTERPRETATION AND DISCUSSION
5 CONCLUSION
5.1 SUMMARY
5.2 CRITICAL REFLECTION – LIMITATIONS OF THE STUDY
5.3 FUTURE RESEARCH PERSPECTIVES
The primary objective of this study is to bridge the research gap concerning habitual entrepreneurship in Germany by developing a comprehensive typology, providing a thorough literature review, and conducting an empirical analysis to improve the understanding of habitual entrepreneurs, their characteristics, and their performance.
2.2.1 Serial Entrepreneurs
The first group to be illustrated within the group of habitual entrepreneurs is the one of the so called serial entrepreneurs. Several definitions and working concepts for serial entrepreneurs can be found, which partly leads to contradictive results. However, the basic idea of the concept is always very similar. An entrepreneur had at least one prior entrepreneurial experience, but before embarking on a new venture, the previous one is abandoned and the entrepreneur forms another business. Despite its simplicity this concept has been extended into many directions, including many subtle differentiations.
After Hall (1995) introduced the differentiation between different types of habitual entrepreneurs, namely portfolio and serial founders, some authors postulated that in addition to the entrepreneur's lack of involvement, the preceding should be closed down. Others formulated the definition in a broader sense, just postulating that the entrepreneur is not involved in the preceding company any more. The following definition, developed by Westhead et al. (2005b), describing serial entrepreneurs as "individuals who have sold/closed a business which they had a minority or majority ownership stake in, and they currently have a minority stake in a single independent business that is either new, purchased or inherited." This definition will be used as a starting basis for further elaborations. Additional differentiations which can be found, for example by motivation or by success of the entrepreneur, are not to be considered. In the following section, a new typology, illustrated by Figure 2, will be developed.
1 INTRODUCTION: This chapter outlines the research problem regarding the lack of empirical data on habitual entrepreneurs in Germany and defines the scope of the study.
2 CONCEPTS: This chapter establishes the theoretical definitions of entrepreneur types and introduces a new nomenclature for habitual founders, including serial and portfolio entrepreneurs.
3 THEORETICAL FOUNDATION: This chapter reviews existing literature on habitual entrepreneurship and constructs the theoretical framework utilized for the empirical analysis.
4 EMPIRICAL ANALYSIS: This chapter details the research design, data collection via online survey, and statistical methods used to analyze the results regarding population and performance.
5 CONCLUSION: This chapter summarizes the key findings of the study, reflects on the limitations, and suggests perspectives for future research.
Habitual Entrepreneurship, Serial Entrepreneurs, Portfolio Entrepreneurs, Fallen Entrepreneurs, Germany, Entrepreneurial Performance, Venture Creation, Business Ownership, Typology, Empirical Analysis, XING, Business Foundation, Entrepreneurial Experience, Venture Portfolio, Growth Prospects
The study focuses on the population, characteristics, and performance of habitual entrepreneurs—specifically serial and portfolio founders—within the German market.
The goals are to develop a coherent typology for habitual entrepreneurs, analyze the current state of research through a literature review, and conduct an empirical study to understand German entrepreneurs better.
The study uses primary quantitative research through an online survey of XING members, followed by descriptive, univariate, multivariate, and regression analyses using SPSS.
A habitual entrepreneur is defined as someone who has previously established, purchased, or inherited a business and is currently actively involved in one or more ventures.
Two interviews with successful German habitual entrepreneurs serve to provide qualitative insights and practical perspectives that complement the quantitative statistical results.
The differentiation is based on the level of commitment to multiple ventures simultaneously versus sequentially, as well as the proportion of time dedicated to single versus multiple business activities.
A fallen entrepreneur is defined as an individual who has lost previous business involvements and does not currently have the required stakes to fit the active habitual categories, but remains part of the entrepreneurial history through their prior experience.
The analysis indicates a positive correlation between the number of ventures undertaken and performance, though the number of years spent as an entrepreneur shows less significant impact.
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