The Joint Effects of Hubris, Growth Aspirations, and Entrepreneurial Phases for Innovative Behavior
Date
2022
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Article
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Abstract
Innovation is often seen as essential for ventures to succeed. High business failure
rates in entrepreneurship, however, suggest that innovations are frequently driven
by entrepreneurs blinded by overconfidence. Thus, anticipating when and why
entrepreneurs will be motivated to innovate is fundamental for entrepreneurial success.
Using a large sample obtained from population surveys conducted in 77 countries, this
study analyzes the variables that are significantly associated with innovative behaviors.
The research tests a model proposing that the joint effects of hubris, growth aspirations,
and an entrepreneur’s level of entrepreneurial experience have a crucial impact on
innovative endeavors. It finds that hubris is significantly related to entrepreneurs’ growth
aspirations and that ambition, in turn, is positively related to innovative behaviors.
In addition, the study finds that both relationships are moderated by the level of
entrepreneurial experience. These findings highlight the need to wise up amateur
entrepreneurs before they embark on innovative endeavors
Description
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Citation
Poblete Carlos (2022) The Joint Effects of Hubris, Growth Aspirations, and Entrepreneurial Phases for Innovative Behavior. Front. Psychol. 13:831058. doi: 10.3389/fpsyg.2022.831058
Keywords
Hubris, Growth aspirations, Innovation, Entrepreneurial process, Entrepreneurial ambition