Title
Creating Entrepreneurial Opportunities as a Means to Maintain Entrepreneurial Talent in Corporations
Department/School
Management
Date of this version
2012
Document Type
Article
DOI
https://doi.org/10.1080/08276331.2012.10593576
Abstract
This paper considers how to retain the right talent to support corporate entrepreneurial interests such as internal corporate ventures by taking a new look at why individuals leave corporations and become entrepreneurs. We sought to first examine why entrepreneurs leave. The job satisfaction model tests the popular belief that individuals quit due to dissatisfaction. This is compared to the person-environment (P-E) fit model that theorizes individuals are pushed away and pulled into environments that present a better fit. In all, 715 nascent entrepreneurs were compared with 399 employees by regression and graphic analyses. Contrary to conventional wisdom, we found that for these entrepreneurs, dissatisfaction does not precede the entrepreneurial exodus from established companies. Rather, the perceptions of their new venture’s competitive certainty and financial certainty pull them into new business ventures. Implications and suggestions for the managers are discussed.
Volume
25
Issue
3
Published in
Journal of Small Business and Entrepreneurship
Citation/Other Information
Johnson, K. L., & Wu, C. (2012). Creating Entrepreneurial Opportunities as a Means to Maintain Entrepreneurial Talent in Corporations. Journal of Small Business & Entrepreneurship, 25(3), 327-348. https://doi.org/10.1080/08276331.2012.10593576