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Decisions, Actions, and Performance: Do Novice, Serial, and Portfolio Entrepreneurs Differ?*
Abstract
A conceptual framework is extended to take into account differences between inexperienced novice entrepreneurs (that is, individuals with no prior private business ownership experience) and experienced serial and portfolio entrepreneurs. Some policymakers and practitioners are considering whether resources could be more effectively utilized if they were targeted toward serial and portfolio entrepreneurs, rather than in the form of additional initiatives to increase the pool of “pure” nascent entrepreneurs and novice entrepreneurs. To inform this policy debate, similarities and differences between novice, serial, and portfolio entrepreneurs are highlighted with regard to their decisions, actions, performance, and aspirations. We detected that portfolio entrepreneurs were more likely to express dimensions of entrepreneurial behavior. A case for targeted support tailored to the aspirations and needs of novice, serial, and portfolio entrepreneurs is presented.
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Citations
Cited by
Entrepreneurs' attitudes towards failure: An experiential learning approach
Politis, D., & Gabrielsson, J. (2009) · International Journal of Entrepreneurial Behavior & Research · doi:10.1108/13552550910967921 · Cited by 269
Editor's Introduction. Entrepreneurs’ Behavior: Elucidation and Measurement
Bird, B., Schjoedt, L., & Baum, J. R. (2012) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2012.00535.x · Cited by 138
Habitual entrepreneurs: possible cases of entrepreneurship addiction?
Spivack, A. J., McKelvie, A., & Haynie, J. M. (2014) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2013.11.002 · Cited by 124
Metadata
- Authors
- Westhead, P., Ucbasaran, D., & Wright, M.
- Venue
- Journal of Small Business Management
- Publisher
- Informa UK Limited
- Published
- 2005-10
- Volume
- 43
- Issue
- 4
- Pages
- 393-417
- ISSN
- 0047-2778 (ISSN-L)
- 1540-627X
- OpenAlex
- W2011032601
- Cited by
- 355
- References
- 0
- FWCI
- 23.06
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Decisions, Actions, and Performance: Do Novice, Serial, and Portfolio Entrepreneurs Differ?*. https://app.cochat.ai/papers/10.1111/j.1540-627x.2005.00144.x
- The paper
- Westhead, P., Ucbasaran, D., & Wright, M. (2005). Decisions, Actions, and Performance: Do Novice, Serial, and Portfolio Entrepreneurs Differ?*. Journal of Small Business Management. https://doi.org/10.1111/j.1540-627x.2005.00144.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
