IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v13y2023i6p140-d1156619.html
   My bibliography  Save this article

Hybrid Entrepreneurs as the Neoteric Driver of Skill Variety and Economic Prosperity

Author

Listed:
  • Alex Maritz

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

  • Quan Nguyen

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

  • Abu Ismail

    (La Trobe Business School, La Trobe University, Melbourne 3086, Australia)

Abstract

Nearly a quarter of all global start-ups are founded by hybrid entrepreneurs, that is, individuals that engage in self-employment activity while simultaneously holding a primary job in wage or remuneration work. This study is the first of its kind to examine hybrid entrepreneurship in Australia using five pragmatic and embedded hybrid entrepreneur mini case studies. Aligning with human capital and skill variety theory, we adopted an interpretivist philosophical paradigm of emergent enquiry action and exploratory research. The paper explores characteristics and antecedents in the forms of the benefits and challenges associated with this increasingly prevalent form of entrepreneurship, including contextual and theoretical foundations. We provide policy and pragmatic research recommendations to enhance the development of this form of employment not only as a steppingstone to full-time self-employment but also as a driver of economic and social benefit to global societies. Furthermore, we provide inferences for future scientific studies within this domain.

Suggested Citation

  • Alex Maritz & Quan Nguyen & Abu Ismail, 2023. "Hybrid Entrepreneurs as the Neoteric Driver of Skill Variety and Economic Prosperity," Administrative Sciences, MDPI, vol. 13(6), pages 1-13, May.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:6:p:140-:d:1156619
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/13/6/140/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/13/6/140/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jörn H. Block & Andreas Landgraf, 2016. "Transition from part-time entrepreneurship to full-time entrepreneurship: the role of financial and non-financial motives," International Entrepreneurship and Management Journal, Springer, vol. 12(1), pages 259-282, March.
    2. Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm & Bo Carlsson, 2005. "Growth and Entrepreneurship: An Empirial Assessment," Papers on Entrepreneurship, Growth and Public Policy 2005-32, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    3. Wiklund, Johan & Nikolaev, Boris & Shir, Nadav & Foo, Maw-Der & Bradley, Steve, 2019. "Entrepreneurship and well-being: Past, present, and future," Journal of Business Venturing, Elsevier, vol. 34(4), pages 579-588.
    4. Iuliia Trabskaia & Aleksei Gorgadze & Mervi Raudsaar & Heidi Myyryläinen, 2023. "A Bibliometric Analysis of Social Entrepreneurship and Entrepreneurial Ecosystems," Administrative Sciences, MDPI, vol. 13(3), pages 1-17, March.
    5. Zahra, Shaker A. & Filatotchev, Igor & Wright, Mike, 2009. "How do threshold firms sustain corporate entrepreneurship? The role of boards and absorptive capacity," Journal of Business Venturing, Elsevier, vol. 24(3), pages 248-260, May.
    6. Ardianti, Retno & Obschonka, Martin & Davidsson, Per, 2022. "Psychological well-being of hybrid entrepreneurs," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kautonen, Teemu & Halvorsen, Cal & Minniti, Maria & Kibler, Ewald, 2023. "Transitions to entrepreneurship, self-realization, and prolonged working careers: Insights from the English Longitudinal Study of Ageing," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    2. Mmbaga, Nick A. & Lerman, Michael P. & Munyon, Timothy P. & Lanivich, Stephen E., 2023. "Juggling Act: Waged time investments and the health–wealth trade-off," Journal of Business Research, Elsevier, vol. 158(C).
    3. Cumming, Douglas & Deloof, Marc & Manigart, Sophie & Wright, Mike, 2019. "New directions in entrepreneurial finance," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 252-260.
    4. Li, Mingxiang, 2021. "Exploring novel technologies through board interlocks: Spillover vs. broad exploration," Research Policy, Elsevier, vol. 50(9).
    5. Inessa Love & Boris Nikolaev & Chandra Dhakal, 2024. "The well-being of women entrepreneurs: the role of gender inequality and gender roles," Small Business Economics, Springer, vol. 62(1), pages 325-352, January.
    6. Manchiraju, Srikant, 2020. "Psychometric evaluation of the Ryff’s Scale of psychological wellbeing in self-identified American entrepreneurs," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    7. Jolien Roelandt & Petra Andries & Mirjam Knockaert, 2022. "The contribution of board experience to opportunity development in high-tech ventures," Small Business Economics, Springer, vol. 58(3), pages 1627-1645, March.
    8. Tina C. Ambos & Katherine Tatarinov, 2022. "Building Responsible Innovation in International Organizations through Intrapreneurship," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 92-125, January.
    9. Carla S. Marques & Carlos P. Marques & João J. M. Ferreira & Fernando A. F. Ferreira, 2019. "Effects of traits, self-motivation and managerial skills on nursing intrapreneurship," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 733-748, September.
    10. Bo Carlsson & Zoltan J. Acs & David B. Audretsch & Pontus Braunerhjelm, 2007. "The Knowledge Filter, Entrepreneurship, and Economic Growth," Jena Economics Research Papers 2007-057, Friedrich-Schiller-University Jena.
    11. AFAWUBO, Komivi & NOGLO, Yawo Agbényégan, 2022. "ICT and entrepreneurship: A comparative analysis of developing, emerging and developed countries," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    12. Leon Schjoedt, 2021. "Exploring differences between novice and repeat entrepreneurs: does stress mediate the effects of work-and-family conflict on entrepreneurs’ satisfaction?," Small Business Economics, Springer, vol. 56(4), pages 1251-1272, April.
    13. Rajah, Nasir & Bamiatzi, Vassiliki & Williams, Nick, 2021. "How childhood ADHD-like symptoms predict selection into entrepreneurship and implications on entrepreneurial performance," Journal of Business Venturing, Elsevier, vol. 36(3).
    14. Wilert Puriwat & Suchart Tripopsakul, 2021. "Explaining Social Media Adoption for a Business Purpose: An Application of the UTAUT Model," Sustainability, MDPI, vol. 13(4), pages 1-13, February.
    15. Conrad Wiedeler & Nadine Kammerlander, 2021. "Learning the ropes of entrepreneurship: understanding internal corporate venturing for family firms from an entrepreneurial learning perspective," Review of Managerial Science, Springer, vol. 15(3), pages 669-703, April.
    16. Cheng, Zhiming & Guo, Wei & Hayward, Mathew & Smyth, Russell & Wang, Haining, 2021. "Childhood adversity and the propensity for entrepreneurship: A quasi-experimental study of the Great Chinese Famine," Journal of Business Venturing, Elsevier, vol. 36(1).
    17. Camisón, César & Forés, Beatriz, 2011. "Knowledge creation and absorptive capacity: The effect of intra-district shared competences," Scandinavian Journal of Management, Elsevier, vol. 27(1), pages 66-86, March.
    18. André van Stel & Roy Thurik & Chantal Hartog & Simon Parker, 2010. "The two-way relationship between entrepreneurship and economic performance," Scales Research Reports H200822, EIM Business and Policy Research.
    19. Stephan, Ute & Tavares, Susana M. & Carvalho, Helena & Ramalho, Joaquim J.S. & Santos, Susana C. & van Veldhoven, Marc, 2020. "Self-employment and eudaimonic well-being: Energized by meaning, enabled by societal legitimacy," Journal of Business Venturing, Elsevier, vol. 35(6).
    20. Mohammed Saad & Vikas Kumar & John Bradford, 2017. "An investigation into the development of the absorptive capacity of manufacturing SMEs," International Journal of Production Research, Taylor & Francis Journals, vol. 55(23), pages 6916-6931, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jadmsc:v:13:y:2023:i:6:p:140-:d:1156619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.