When an initiative promises more than it delivers

a multi-actor perspective of rural entrepreneurship difficulties and failure in Thailand

Edward Kasabov

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

National governments invest in initiatives aimed at encouraging rural entrepreneurship on the assumption that it contributes to competitiveness and employment. Empirical findings about one such initiative in Thailand reveal the nature of entrepreneurship difficulties and the diverse expressions of entrepreneurship failure, not only in the sense of termination of activities and exit but also entrepreneurs’ inability to meet the objectives and aims of the initiative. Significant
attitudinal inadequacies such as risk aversion, passivity and overreliance on the public sector complement entrepreneurship resource weaknesses in explaining rural entrepreneurship difficulties and failure. Findings demonstrate inadequacies of one-size-fits-all policies seeking to encourage rural entrepreneurship by failing to address the needs and capabilities of the involved entrepreneurs. The discussion also extends current research, first, by studying rural entrepreneurship
within an institutional framework in an emerging market context; second, by conceptualizing rural entrepreneurship failure and attitudinal drivers of such failure; third, by documenting and analysing the nature, sources and consequences of the distinct constructs of ‘rural entrepreneurship difficulties’ and ‘rural entrepreneurship failure’; and finally, by presenting a revised theorization of ‘failure’ in entrepreneurship research which recognizes the diverse forms that failure may assume.
Original languageEnglish
Pages (from-to)681-703
Number of pages23
JournalEntrepreneurship and Regional Development
Volume28
Issue number9-10
Early online date8 Oct 2016
DOIs
Publication statusPublished - 2016
Externally publishedYes

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Rural entrepreneurship
Thailand
Entrepreneurship
Entrepreneurs
Competitiveness
Public sector
Resources
Entrepreneurship research
Risk aversion
Institutional framework
Government
Exit
Nature
Termination
Emerging markets

Cite this

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abstract = "National governments invest in initiatives aimed at encouraging rural entrepreneurship on the assumption that it contributes to competitiveness and employment. Empirical findings about one such initiative in Thailand reveal the nature of entrepreneurship difficulties and the diverse expressions of entrepreneurship failure, not only in the sense of termination of activities and exit but also entrepreneurs’ inability to meet the objectives and aims of the initiative. Significantattitudinal inadequacies such as risk aversion, passivity and overreliance on the public sector complement entrepreneurship resource weaknesses in explaining rural entrepreneurship difficulties and failure. Findings demonstrate inadequacies of one-size-fits-all policies seeking to encourage rural entrepreneurship by failing to address the needs and capabilities of the involved entrepreneurs. The discussion also extends current research, first, by studying rural entrepreneurshipwithin an institutional framework in an emerging market context; second, by conceptualizing rural entrepreneurship failure and attitudinal drivers of such failure; third, by documenting and analysing the nature, sources and consequences of the distinct constructs of ‘rural entrepreneurship difficulties’ and ‘rural entrepreneurship failure’; and finally, by presenting a revised theorization of ‘failure’ in entrepreneurship research which recognizes the diverse forms that failure may assume.",
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