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Entrepreneurship Success: “The Lone Ranger” Versus “It Takes a Village” Approach?

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  • Danes Sharon M.

    (Family Social Science, University of Minnesota, 290 McNeal Hall 1985 Buford Av., St. Paul, MN 55108, USA)

Abstract

A prominent metaphor in the entrepreneurship literature is challenged. The entrepreneur is often depicted as a “Lone Ranger” symbolized as a stoic individual making entrepreneurial decisions in isolation. Although entrepreneurship research has examined the impact of social context on venture creation, it has done so without specific regard to the spousal relationship. Based on this literature gap, another metaphor of “It Takes a Village” is suggested. Such a metaphor recognizes that many entrepreneurs make their entrepreneurial decisions within an immediate decision context of the couple potentially creating a greater probability of new venture success. That decision context is ripe with a myriad of emotions that must be traversed in moving toward mutually shared decisions. If entrepreneurs have a strong couple relationship as they create new ventures, that relationship strength can provide a reliable stock of resilience capacity that can be drawn upon to combat the liability of newness of a new venture.

Suggested Citation

  • Danes Sharon M., 2013. "Entrepreneurship Success: “The Lone Ranger” Versus “It Takes a Village” Approach?," Entrepreneurship Research Journal, De Gruyter, vol. 3(3), pages 277-286, July.
    • Handle: RePEc:bpj:erjour:v:3:y:2013:i:3:p:277-286:n:6
    DOI: 10.1515/erj-2013-0056
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    References listed on IDEAS

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    1. Carter, Nancy M. & Gartner, William B. & Shaver, Kelly G. & Gatewood, Elizabeth J., 2003. "The career reasons of nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(1), pages 13-39, January.
    2. Danes, Sharon M. & Stafford, Kathryn & Loy, Johnben Teik-Cheok, 2007. "Family business performance: The effects of gender and management," Journal of Business Research, Elsevier, vol. 60(10), pages 1058-1069, October.
    3. James J. Chrisman & Jess H. Chua & Pramodita Sharma, 2005. "Trends and Directions in the Development of a Strategic Management Theory of the Family Firm," Entrepreneurship Theory and Practice, , vol. 29(5), pages 555-575, September.
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    5. Danes Sharon M., 2011. "Pillow Talk Leaks: Integrating Couple Interactions into Entrepreneurship Research," Entrepreneurship Research Journal, De Gruyter, vol. 1(3), pages 1-7, July.
    6. Sharon M. Danes & Katherine E. Brewton, 2012. "Follow the Capital: Benefits of Tracking Family Capital Across Family and Business Systems," International Studies in Entrepreneurship, in: ALAN CARSRUD & Malin Brännback (ed.), Understanding Family Businesses, chapter 0, pages 227-250, Springer.
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