Exploring factors contributing to creativity performance among entrepreneurs using the Bayesian Mindsponge Framework

Quan Hoang Vuong, Tri Le, Tao Zhang, Viet-Phuong La, Nguyen Quang-Loc, Giang Hoang and Minh-Hoang Nguyen

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Abstract: Creativity is a crucial aspect of entrepreneurship. However, research on the information-processing mechanism of creativity in relation to entrepreneurship is still very limited. To explore factors contributing to creativity performance among entrepreneurs in terms of information processing, we applied the Bayesian Mindsponge Framework. We used the Serendipity-Mindsponge-3D (SM3D) knowledge management theory to construct models and conducted Bayesian analysis on the most comprehensive and well-designed dataset of 3071 Vietnamese entrepreneurs up to date. We found that entrepreneurs who give more time to their startup attempts are likely to have lower levels of creativity. Both factors of higher levels of knowledge within one’s discipline and better connections to out-of-discipline knowledge are positively associated with more creativity. While the effect of openmindedness on the relationship between within-discipline knowledge and creativity is unclear, openmindedness was found to have a positive moderating effect on the association between out-of-discipline knowledge and creativity. These findings support entrepreneurs in understanding the information processing mechanisms behind creativity for creating more effective knowledge management strategies.

Date: 2022-11-16
New Economics Papers: this item is included in nep-cse, nep-ent, nep-sbm and nep-sea
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Citations: View citations in EconPapers (2)

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DOI: 10.31219/osf.io/zusbt

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