Entrepreneurial passion: The nature of emotions in entrepreneurship (original) (raw)

Entrepreneurial Passion: A Systematic Review and Research Opportunities

Journal of Small Business Strategy, 2021

In this paper, we conduct a systematic review on the topic of entrepreneurial passion. We summarize the empirical findings of studies based on the four major conceptualizations of passion: passion for work, the dualistic model of passion, entrepreneurial passion, and perceived passion. Moreover, we analyze 63 published papers in the literature and identify potential research opportunities in this area. First, research on the relationship between entrepreneurial passion and firm performance needs further examination; we need comprehensive and more nuanced studies on this relationship, focusing on diverse types of passion. Second, distinctive mechanisms based on different types of passion would enhance our understanding of how passion influences firm performance and other outcomes. Third, it is essential that future studies carefully match theoretical arguments and measurements, based on the frameworks of passion. Fourth, scholars should conduct empirical research on entrepreneurial p...

The nature and experience of entrepreneurial passion

2009

Abstract Entrepreneurial passion plays an important role in entrepreneurship, but theoretical understanding of what it is and what it does is lacking. We build on fragmented and disparate extant work to conceptualize the nature of entrepreneurial passion associated with salient entrepreneurial role identities. We also theorize the mechanisms of the experience of entrepreneurial passion that provide coherence to goal-directed cognitions and behaviors during the pursuit of entrepreneurial effectiveness.

Passion for what? Expanding the domains of entrepreneurial passion

Journal of Business Venturing Insights, 2017

Entrepreneurial passion helps coordinate cognition and behavior of entrepreneurs, providing the fire that fuels innovation, persistence, and ultimate success. However, our knowledge of the sources of passion is limited and focuses primarily on activities predetermined by scholars, rather than those generated by entrepreneurs themselves. Using a phenomenological approach, we conduct an inductive qualitative study of 80 entrepreneurs and analyze their oral histories to explore the sources of entrepreneurial passion as described by entrepreneurs. Our discovery process suggests six major sources of entrepreneurial passion: passion for growth, passion for people, passion for the product or service, passion for inventing, passion for competition, and passion for a social cause. This extends prior research that focuses on passion toward a more limited range of activities.

Entrepreneurial Passion: Sources and Sustenance

2011

Entrepreneurial passion helps coordinate cognition and behavior of entrepreneurs, providing the fire that fuels innovation, persistence, and ultimate success. But where does entrepreneurial passion come from? Using a phenomenological approach, we conduct a qualitative study of 80 entrepreneurs and analyze their oral histories to explore the sources of entrepreneurial passion, as experienced by entrepreneurs. Our discovery process in the interviews suggests six major sources of entrepreneurial passion: passion for building/developing the venture, passion for people, passion for the product or service, passion for inventing, passion for competition, and passion for a social cause.

Too Much Passion Kills You? The Evidence of Individuals’ Passion in Entrepreneurial Failure

Asia Pacific Management and Business Application, 2020

This paper examines and discusses the presence of individuals' passion as a psychological construct that may cause entrepreneurial failurewith particular context and analysis to the failed nascent entrepreneurs in one of the largest port city in Sumatera island, Padang, Indonesia. This paper uses quantitative study with relational approach, and was undertaken with 180 failed nascent entrepreneurs in Padang. Data and information were collected by using a questionnaire as a cross-sectional cohort data and were further analyzed with Structural Equation Modelling (SEM) and supported by PLS 3.0 as the statistical tool. Both the process and the content framework were used to show the logic of methodology according to the dualistic model of passion) and their relationship with entrepreneurial failure. The study found that individuals' harmonious passion in entrepreneurship should also be considered as a cause of entrepreneurial failure, meanwhile the obsessive passion is significantly found to influence entrepreneurial failure. This study implies that entrepreneurs should consider and make clear boundaries between psychological push and rationality when they start new ventures. This paper has value and originality in terms of the examination and analysis of individuals' passion as a psychological construct that causes entrepreneurial failure. In different with other researches and studies which have merely viewed the passion as a source of entrepreneurial success, this study views and argues that individuals' passion either is categorized as harmonious or obsessive passions (especially when it is uncontrollable) may also cause the entrepreneurial failure.

IS PASSION CONTAGIOUS? TRANSFERENCE OF ENTREPRENEURIAL EMOTION TO EMPLOYEES (SUMMARY

2006

The scholarly entrepreneurship community is coming to recognize what practicing entrepreneurs have known for some timethat passion is a central element of the entrepreneurial process. Recent developments have more carefully defined the construct of entrepreneurial passion and modeled its impact on entrepreneurial behaviors. This paper takes the next step by building a model of how that passion may be transferred from entrepreneur to employees. The question of interest is how entrepreneurs can facilitate the contagion of their own passion to others.

Communicating Entrepreneurial Passion: Personal Passion vs. Perceived Passion in Venture Pitches

IEEE Transactions on Professional Communication, 2016

Research problem: Entrepreneurial passion has been shown to play an important role in venture success and therefore in investors' funding decisions. However, it is unknown whether the passion entrepreneurs personally feel or experience can be accurately assessed by investors during a venture pitch. Research questions: (1) To what extent does entrepreneurs' personal passion align with investors' perceived passion? (2) To what cues do investors attend when assessing entrepreneurs' passion? Literature review: Integrating theory and research in entrepreneurship communication and entrepreneurial passion within the context of venture pitching, we explain that during venture pitches, investors make judgments about entrepreneurs' passion that have consequences for their investment decisions. However, they can attend to only those cues that entrepreneurs outwardly display. As a result, they may not be assessing the passion entrepreneurs personally feel or experience. Methodology: We used a sequential explanatory mixed methods research design. For our data collection, we surveyed 40 student entrepreneurs, video-recorded their venture pitches, and facilitated focus groups with 16 investors who viewed the videos and ranked, rated, and discussed their perceptions of entrepreneurs' passion. We conducted statistical analyses to assess the extent to which entrepreneurs' personal passion and investors' perceived passion aligned. We then performed an inductive analysis of critical cases to identify specific cues that investors attributed to passion or lack thereof. Results and conclusions: We revealed that there was a large misalignment between entrepreneurs' personal passion and investors' perceived passion. Our critical case analysis revealed that entrepreneurs' weak or strong presentation skills led investors either to underestimate or overestimate, respectively, perceptions of entrepreneurs' passion. We suggest that entrepreneurs should develop specific presentation skills and rhetorical strategies for displaying their passion, yet at the same time, investors should be wary of attending too closely to presentation skills when assessing passion.

Connecting passion: Distinctive features from emerging entrepreneurial profiles

Journal of Business Research, 2018

The article explores passion as a connecting force between entrepreneurship and consumption. Although a rising interest within the academic debate, the issue of how passion can be interpreted as a bridge between consumption and entrepreneurship still needs to be investigated. Hence, the main purposes of this paper is to propose the concept of "connecting passion" by identifying a) the factors that combine consumption as self-expression (being consumer) and entrepreneurship (being entrepreneur) through passion and b) the resulting entrepreneurial profiles. Both emerge from an empirical investigation based on the case analysis of emblematic companies. The concept of "connecting passion" is characterized by the following fundamental features: passion as game, passion as self-continuity, the search for uniqueness through self experimentation, and cohabitation with the consumer community. The paper discusses the concept relating it to the existing literature. Finally, it advances the main managerial implications of the research.