The entrepreneurial mindset and poverty

We investigate the role of the entrepreneurial mindset in facilitating entrepreneurship by those in poverty. The poverty context contains attributes that place individuals at a disadvantage when launching a venture, conceptualized as the liability of poorness. Poverty also can engender characteristi...

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Veröffentlicht in:Journal of small business management 2023-01, Vol.61 (1), p.102-131
Hauptverfasser: Morris, Michael H., Tucker, Reginald
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container_title Journal of small business management
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creator Morris, Michael H.
Tucker, Reginald
description We investigate the role of the entrepreneurial mindset in facilitating entrepreneurship by those in poverty. The poverty context contains attributes that place individuals at a disadvantage when launching a venture, conceptualized as the liability of poorness. Poverty also can engender characteristics consistent with entrepreneurial success, or poverty assets. The paper explores how the mindset can help overcome the liability of poorness, while poverty assets serve as a bridge to the mindset. A model is proposed with the mindset as a moderator between aspects of poverty and entrepreneurial outcomes. It is argued that the mindset must be adapted to reflect poverty contexts.
doi_str_mv 10.1080/00472778.2021.1890096
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source Business Source Complete
subjects Assets
Entrepreneurial mindset
Entrepreneurs
Entrepreneurship
Liability
liability of poorness
Poverty
poverty assets
venture performance
venture types
title The entrepreneurial mindset and poverty
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