Creativity and Entrepreneurial Efforts in an Emerging Economy

Business Creativity and the Creative Economy. Vol. 2, No. 1, pp. 39-50, 2016

12 Pages Posted: 9 May 2016 Last revised: 4 May 2017

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: October 7, 2016

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 decisions to start entrepreneurial ventures. 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: entrepreneurship, creativity, innovation, emerging economies

JEL Classification: L26, O14, O33

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 (October 7, 2016). Business Creativity and the Creative Economy. Vol. 2, No. 1, pp. 39-50, 2016, Available at SSRN: https://ssrn.com/abstract=2776896

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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