Entrepreneurship in the street food sector of Vietnam - Assessment of psychological success and failure factors

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Entrepreneurship in the street food sector of Vietnam - Assessment of psychological success and failure factors. / Hiemstra, Annemarie M.F.; Van Der Kooy, Koen G.; Frese, Michael.

In: Journal of Small Business Management, Vol. 44, No. 3, 07.2006, p. 474-481.

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@article{cb2bb0d9b3724de5b0ed61715abc6f0e,
title = "Entrepreneurship in the street food sector of Vietnam - Assessment of psychological success and failure factors",
abstract = "We tested the hypothesis that process characteristics of action strategies were related to entrepreneurial success in microbusinesses in the urban informal sector of Vietnam. The process characteristics were divided into four strategies: critical point planning, complete planning, opportunistic, and reactive. Success was defined as a combination of economic and subjective measures. A survey was done in Hue and Hanoi (Vietnam) among 102 street food vendors. With 62 vendors of this sample, we held in-depth interviews, which were used to test our hypotheses. The results showed that seventy percent of the business owners did not plan much. Opportunistic and planning strategies were most highly related to success, and a reactive strategy was related to failure. The latter replicates other studies in other developing countries.",
keywords = "Business psychology",
author = "Hiemstra, {Annemarie M.F.} and {Van Der Kooy}, {Koen G.} and Michael Frese",
year = "2006",
month = jul,
doi = "10.1111/j.1540-627X.2006.00183.x",
language = "English",
volume = "44",
pages = "474--481",
journal = "Journal of Small Business Management",
issn = "0047-2778",
publisher = "Wiley-Blackwell Publishing Ltd.",
number = "3",

}

RIS

TY - JOUR

T1 - Entrepreneurship in the street food sector of Vietnam - Assessment of psychological success and failure factors

AU - Hiemstra, Annemarie M.F.

AU - Van Der Kooy, Koen G.

AU - Frese, Michael

PY - 2006/7

Y1 - 2006/7

N2 - We tested the hypothesis that process characteristics of action strategies were related to entrepreneurial success in microbusinesses in the urban informal sector of Vietnam. The process characteristics were divided into four strategies: critical point planning, complete planning, opportunistic, and reactive. Success was defined as a combination of economic and subjective measures. A survey was done in Hue and Hanoi (Vietnam) among 102 street food vendors. With 62 vendors of this sample, we held in-depth interviews, which were used to test our hypotheses. The results showed that seventy percent of the business owners did not plan much. Opportunistic and planning strategies were most highly related to success, and a reactive strategy was related to failure. The latter replicates other studies in other developing countries.

AB - We tested the hypothesis that process characteristics of action strategies were related to entrepreneurial success in microbusinesses in the urban informal sector of Vietnam. The process characteristics were divided into four strategies: critical point planning, complete planning, opportunistic, and reactive. Success was defined as a combination of economic and subjective measures. A survey was done in Hue and Hanoi (Vietnam) among 102 street food vendors. With 62 vendors of this sample, we held in-depth interviews, which were used to test our hypotheses. The results showed that seventy percent of the business owners did not plan much. Opportunistic and planning strategies were most highly related to success, and a reactive strategy was related to failure. The latter replicates other studies in other developing countries.

KW - Business psychology

UR - http://www.scopus.com/inward/record.url?scp=33745128356&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/f34b8ce9-70b1-3664-afd0-f3803a52073b/

U2 - 10.1111/j.1540-627X.2006.00183.x

DO - 10.1111/j.1540-627X.2006.00183.x

M3 - Journal articles

AN - SCOPUS:33745128356

VL - 44

SP - 474

EP - 481

JO - Journal of Small Business Management

JF - Journal of Small Business Management

SN - 0047-2778

IS - 3

ER -