Day 1 :
Keynote Forum
Dr.R.Subashini
Vellore Institute of Technology
Keynote: STRESS AND COPING STYLES OF WOMEN ENTREPRENEURS IN A DEVELOPING NATION
Time : 2022-12-6
Biography:
Dr.R.Subashini has her expertise in Human Resource Management domain and involves in projects on Women Entrepreneurship.
She is currently working at Vellore Institute of Technology (VIT), Vellore campus as a Faculty in Management in the Department
of Technology Management and also holds the administrative position as Director In-charge – VITCR.
Dr.R.Subashini has 55 Journal Publications; 10 Books and Book Chapters; more than 15 Conference Proceedings and Patents Published. She had been a presenter/ moderator /session chair (online & offline) for many National and International Conferences held at India and at Australia, China, Malaysia, Thailand, Singapore, UAE, USA. She has been the Principal Investigator of 10 Government of India funded projects from ICSSR, MSME-DI, MHRD and is also the key consultant and a trainer for middle level employees of various companies across sectors. She has delivered more than 24 Invited Talks at Professional Societies, Institutes and Industries. She has organized 102 events in the capacity as Convener/Chief Faculty Organizer/Faculty Coordinator/Committee Member for FDPs, MDPs, EDPs, Conferences, Workshops, VAPs, Technical and Non-Technical Events at National and International levels. She has been hhonored with many Awards. To mention a few, Faculty Research Award; Best PhD Thesis Award, Dynamic Teacher Award; Woman Leadership Award and many more. She is the Editorial Board Member of many Journals. She also involves in many societal benefit activities.
Abstract:
Statement of the Problem: The development of any country is regulated by the human resource, physical resource and monetary resources. The development of the economy is highly sparked by the means of enterprising spirit. The entrepreneurs are considered as the asset to the nation. Entrepreneurs are responsible for not only to earn money but also to generate more job opportunities for others and for contributing towards the development of nation. In developing country like India, the entrepreneurial world is predominantly meant for men. But now this picture is changing. Recently the trend is emphasizing that women can also contribute to the development of economy.
Main Objective: To identify the various stress faced by the women entrepreneurs and the coping styles they follow in their entrepreneurial activities.
Methodology & Theoretical contribution:
After in-depth interviews and focus group discussions, a well-designed questionnaire known as Entrepreneurial Role Stress Scale was used. This scale was developed by Pareek (2002). This scale measures the independent variable of this study, using 35 items. The first dependent variable in this study is Coping Style. The overall Coping style is measured using the revised questionnaire having 26 items developed by Carver, (1997).
Findings and Conclusion:
In this study it is found that the women entrepreneurs who are associated in the work meaningfully and with good quality, are facing more stress and they are using perfect coping strategy to overcome it. But at the same time there are some women entrepreneurs who don’t have awareness on the coping strategies and thereby face more stress and feel alone and isolated many times in their career. The best way to develop and encourage more women entrepreneurs’ in our society is to educate and communicate them through need based awareness programs regarding various sources of stress and coping strategies.
Keynote Forum
Dr Goswami
I.I.L.M., I.M.T,Ghazibad, and Amity University
Keynote: DO FAMILY FIRMS SHOW RESILIENCE POST-COVID?
Time : 2022-12-6
Biography:
Dr Goswami has over 3 decades of experience as an educator, having served as a professor in renowned institutes in India, and abroad. I.I.L.M., I.M.T,Ghazibad, and Amity University are some of the institutes whose students had the good fortune of having studied under him. Many of his research papers have been recognized and accepted internationally. The chief among them are, a paper on Healthcare Branding by Atiner, an Intl. Conference Body in Greece, and a paper that he co-authored which was accepted by the International Journal of Entrepreneurship and Innovation Management (Scopus, ABDC – C category). Additionally, he also did a 3 year stint in the industry as a professional, and this gives him a hands-on approach and outlook to education. He was invited to speak at the Brand Summit hosted by Assocham, Delhi. He presented his thoughts and research on the theme of ‘Unlocking the Unconscious Behavior in Branding exercises.
Abstract:
Family businesses focus on resilience more than performance. They forgo the excess returns available during good times in order to increase their odds of survival during bad times. Family firms may survive even in future in large numbers because family involvement provides temporary advantages in early stages of venture development (Chang, Chrisman, Chua, & Kellermanns, 2008). Even if family firms are not resilient and become indistinguishable from nonfamily firms as predicted by institutional isomorphism, there can be more of them at a time. To add further, evidence continues to prove that the characteristics and behaviours of family firms are different from those of nonfamily firms and that considerable variation can be witnessed among family firms across economic systems (Steier, 2009). For example, family firms are often constrained by both the quality and the quantity of their human capital (Verbeke & Kano, 2010). A common solution is professionalization, but this may lead to other problems that are equally difficult to handle unless the fundamental governance systems and behaviors of the family firm are also changed (Chua, Chrisman, & Bergiel, 2009). Likewise, family firms have been characterized as loss averse with respect to their socioemotional wealth (Gómez-Mejía, Haynes, Núñez-Nickel, & Monyano-Fuentes, 2007), an indicator of the importance of the achievement of family-centered noneconomic goals. This loss aversion can, in some instances, lead to risk aversion (Gómez-Mejía, Makri, & Larraza-Kintana, 2010) .How fundamental characteristics associated with family firms (noneconomic goals, intentions for intrafamily succession, altruism, and social capital) lead to governance systems that make searching, identifying , and exploiting of opportunities a reality can be examined. To put differently, loss prevention may jettison the size of the investments made in innovative activities by family firms but may not gauge the efficiency and effectiveness of the investments they do make over time. They can utilize social capital (Gedajlovic & Carney, 2010) unabashedly. But there is a paucity of measures of how social capital is formed ( Arregle, Hitt, Sirmon, & Very, 2007). The resilience of family firms appears to be a function of how they respond to the need to infuse managerial talent in the firm without losing control, to the need to balance economic and noneconomic goals over changing time periods, to the percolating need to refurbish unique governance systems to innovate and extract maximum value from the social capital they possess.
- Start-up Entrepreneurship
Location: United Kingdom
Chair
Farzana Chowdhury
Assist Prof
Session Introduction
Farzana Chowdhury
University of Durham, Durham, UK
Title: Exploring Age and Various Entrepreneurship
Biography:
Abstract:
Entrepreneurs satisfy the needs of various stakeholders in society by introducing new products, processes, or societal needs. We test whether an individual's age influences their perception of time, which affects the decision to undertake different types of entrepreneurial activity, and whether access to resources such as knowledge, skills, and finances moderates this effect. Using a sample of 194,937 entrepreneurs, we find that formal education and entrepreneurial education play an important but different roles for entrepreneurs in various age groups. For example, middle-aged (45-64) and older individuals in the upper-income household are more likely to undertake both social and market-driven entrepreneurship, while younger entrepreneurs (25-44) belonging to the upper-income household are more likely to engage in market-driven entrepreneurship. While entrepreneurial experience is vital for both types of entrepreneurship, age negates the positive influence on entrepreneurship. In this study, we seek to contribute to the entrepreneurship literature by proposing that factors that influence the decision to engage in social entrepreneurship are different from those conducive to market-driven entrepreneurship. There are reasons to think those antecedents that influence social entrepreneurship are different from market-driven entrepreneurship. First, acquiring and orchestrating resources are essential for entrepreneurial activity to flourish. The knowledge and skills possessed by entrepreneurs and the ability to use these resources to access financial resources go hand in hand. Third, individuals equipped with various skills and knowledge can leverage resources in their possession to acquire additional resources for their venture to be successful. Fourth, existing studies suggest that venture capitalists are more likely to extend their resources to firms that have founders with high human capital (Brush et al., 2001). Finally, while resources are important for entrepreneurship, the ability of entrepreneurs to access these resources may differ systematically along with the entrepreneur's "vision and intuition'. In this case, an entrepreneur's judgment regarding combining different resources impacts the assessment of the attractiveness of different types of entrepreneurship.
Second, we contribute to the entrepreneurship literature by demonstrating that age significantly influences decisions related to engagement in social and market-driven entrepreneurship. In this regard, we consider entrepreneurs in different age groups and their decision to engage in market-based vs. socially motivated ventures. The results of the study suggest that motivation to engage in entrepreneurship varies by age. The theoretical basis of our expectation regarding age and different types of entrepreneurial activity is based on two streams of literature. First, construal level theory (CLT) argues that the experience of individuals influences their decision to engage not just in entrepreneurship but also in different types of entrepreneurship. To gain additional focus, we draw on the resource-based view (RBV) literature which suggests that resources are important for an entrepreneur to be able to undertake any type of entrepreneurial activity. Older entrepreneurs in the middle- and upper-income levels are less likely to be concerned about resource constraints in terms of capacity or financial resources. Older entrepreneurs tend to have greater capacity given the diversity of tasks they have tackled during their life. Being experienced with and prepared to address a broad spectrum of diverse tasks heightens their awareness of various social problems and induces them to pay attention to entrepreneurial opportunities to alleviate social problems.
- Social Commerce
Location: China
Chair
Haiying Lin
HNU-ASU Joint International Tourism College (HAITC), Hainan University, China
Session Introduction
Haiying Lin
HNU-ASU Joint International Tourism College (HAITC), Hainan University, China
Title: Consociation: How Developing Communities Organize Prosocial Collective Entrepreneurship?
Biography:
Dr. Haiying Lin holds a PhD in Sustainability Management from George Mason University (USA). She is now a professor in HAITC (Hainan University/Arizona State University Joint International College). Before joining HAITC, she taught at the College of Business at Northern Illinois University, and the School of Environment, Enterprise and Development at the University of Waterloo. As the principal investigator of Social Science and Humanities Research Council insight grant (Canada) entitled “Cross-sector Solutions to Environmental Issues”, she led this global research team to win the 2018 and 2014 Routledge Best Paper Award in Social Partnership, the 2014 European EFMD Case Writing Competition (under the “Corporate Social Responsibility” category)，and the Emerald Best International Symposium Award at the 71th annual AOM conference. Her research projects were published at high-end journals such as Business Strategy and the Environment, Organization and Environment, Journal of Business Ethics, and Business and Society. She was the judge of Hult Prize sponsored by Clinton Foundation and sit at the editorial board for Business and Society
Abstract:
This study focused on how rural communities adopted consociational mechanisms to organize collective entrepreneurship, addressing the conflicts across the divergent social groups toward a convergent process that allows different entrepreneurs to fold into a grand coalition. It extended the theory of consociation from political science to the field of social entrepreneurship and inductively theorized the dimensional mechanisms based on the collective entrepreneurial effort of Yuan village in Shaanxi province of China. The results demonstrated four streams of consociational mechanisms: (1) emancipation to empower the vulnerable groups, (2) reconciliation of divergent interests, (3) reflection learning to generate reciprocity, and (4) proportional participation to institutionalize a hierarchical order in the community. These results advance the consociation theory and the organization of social change literature with strong policy implications.