Transitions and implications of time perspectives: A qualitative study of early-stage entrepreneurs

Unnati Kapoor and Shuchi Sinha

Journal of Business Venturing Insights, 2022, vol. 18, issue C

Abstract: Uncertainty and resource scarcity are usually considered the hallmark of entrepreneurship. Entrepreneurs are required to make quick decisions, develop ideas, implement them, and decide on future goals and courses of action while operating within an uncertain and challenging environment, especially at the early stages of entrepreneurship. Time perspectives offer a lens to identify entrepreneurs' decisions, affect, sense-making, and behavior and influence entrepreneurs' planning, motivation, goal setting, and coping mechanisms; which in turn influence the start-up effort and process. Results from a two-phase qualitative study capture the implications of these time perspectives for early-stage entrepreneurs. We find that future-oriented, early-stage entrepreneurs are better at planning, implementing, and managing resources than present-hedonistic-oriented entrepreneurs. Future-oriented entrepreneurs are more adaptive and cope better with extreme situations or crises. Findings also support the alterable nature of these time perspectives and reveal the transitions that occur in them. Transitions in time perspectives are influenced by extreme external circumstances like the COVID-19 crisis in our study. Our findings also highlight the importance of social support in promoting positive transitions in time perspectives.

Keywords: Time perspectives; Crisis; COVID-19; Early-stage entrepreneurs; Qualitative study (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:18:y:2022:i:c:s2352673422000373

DOI: 10.1016/j.jbvi.2022.e00339

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