Career Choice in Management and Entrepreneurship
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Career Choice in Management and Entrepreneurship

A Research Companion

Edited by Mustafa F. Özbilgin and Ayala Malach-Pines

Although a large and steadily growing research literature attests to an interest in management and entrepreneurship, little research has focused on comparative assessment of the career choices and trajectories of managers and entrepreneurs. This timely book fills the gap by presenting an assessment of early influences on the career choice of managers and entrepreneurs, their attitudes at the start of their careers as students, and in their later employment experiences.
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Chapter 19: The Career Reasons of Minority Nascent Entrepreneurs

Nancy M. Carter, William B. Gartner, Kelly G. Shaver and Patricia G Greene


Nancy M. Carter, William B. Gartner, Kelly G. Shaver and Patricia G. Greene The creation of new independent businesses accounts for one-fourth to almost one-third of the variation in economic growth in nearly all industrialized countries (Davidsson et al., 1994; Reynolds et al., 2000). The entrepreneurs responsible for this impact have benefited not only financially, but also socially and psychologically from their efforts. Indeed, new business ownership has presented an important pathway for individuals to achieve economic and social mobility, particularly among minorities (Butler, 1991; Feldman et al., 1991; US Small Business Administration, 1999; Waldinger et al., 1990). To help minority entrepreneurs follow this pathway, the federal government’s regulations on small disadvantaged business contain specific minority set-asides that affect contracting, credit access, management and technical assistance programs ( Even on the local level, economic revitalization of inner cities frequently involves the creation of incubators that offer minority clients subsidized rates for space and essential business services. Despite such efforts, the potentially high cost of business failure gives rise to questions about the characteristics of those who start new ventures and why they pursue this activity (Shane and Venkataraman, 2000). It is reasonable to argue that a more complete understanding of the motivations of minority entrepreneurs might improve the programs designed to raise the odds of success. Dyer (1994) suggested that individuals who start new businesses (‘nascent entrepreneurs’) make an ‘entrepreneurial career’ choice; the reasons they give for their choice may differ from...

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