Creativity and Entrepreneurial Efforts in an Emerging Economy

CEB Working Paper N° 15/052, Universite Libre de Bruxelles.

22 Pages Posted: 1 Jan 2016 Last revised: 29 Jul 2019

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Nancy K. Napier

Boise State University - College of Business & Economics

Thu-Hang Do

Vuong & Associates

Thu-Trang Vuong

Vuong & Associates; Sciences Po, Students

Multiple version iconThere are 2 versions of this paper

Date Written: December 21, 2015

Abstract

While much research has focused on entrepreneurship and creativity in developed economies, the notions of both topics are still embryonic in many emerging economies. This paper focuses on entrepreneurs in one such economy, Vietnam, to understand the perceptions of entrepreneurs about the role that innovation and creativity may play in their own entrepreneurial ventures and success.

This is important because before reaping benefits from entrepreneurship, entrepreneurs need to decide when and on what conditions they start based on their calculations of required resources and predictions of likely outcomes. The research also sought to understand how "creativity," broadly applied ("innovation" and "creative performance") affects the ways that entrepreneurs think about and anticipate their own success and decisions.

In essence, the study suggests that the higher the entrepreneur's creativity is, the more likely she or he is to start a new business and believe success will result. Future research could examine whether history, industry and geographic location matter in entrepreneurs' perceptions as well as whether transition/emerging economies like Vietnam may have different views altogether about the two key concepts.

Keywords: creativity/innovation, entrepreneurship, economic conditions, emerging economy, Vietnam

JEL Classification: M13, O33, P21, P27

Suggested Citation

Vuong, Quan Hoang and Napier, Nancy K. and Do, Thu-Hang and Vuong, Thu-Trang, Creativity and Entrepreneurial Efforts in an Emerging Economy (December 21, 2015). CEB Working Paper N° 15/052, Universite Libre de Bruxelles., Available at SSRN: https://ssrn.com/abstract=2706953 or http://dx.doi.org/10.2139/ssrn.2706953

Quan Hoang Vuong (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

Nancy K. Napier

Boise State University - College of Business & Economics ( email )

1910 University Drive
Boise, ID 83725
United States
208 426-1314 (Phone)
208 426-3637 (Fax)

HOME PAGE: http://cobe.boisestate.edu/graduate/faculty/VITAES/html%20format/Nancy%20Napier.htm

Thu-Hang Do

Vuong & Associates ( email )

3/161 Thinh Quang
Dong Da District
Hanoi, 100000
Vietnam

Thu-Trang Vuong

Vuong & Associates ( email )

3/161 Thinh Quang
Dong Da District
Hanoi, 100000
Vietnam

Sciences Po, Students ( email )

28 Rue des Saint-Peres
Paris, Paris 75006
France

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