A Systems View Across Time and Space
Table 1 Framework of research
Shane Theory stages | ELM | ||
|---|---|---|---|
Training & education | Experience | Mentoring | |
Entrepreneurial motivation | Self-introduction, improving business motivation Instilling a life vision & leadership effort | Actualizing one’s desires, test stage, independence, creativity, innovation | Sublimate the ways to reach success through what has been done by the mentor |
Cognitive factor | Understand about the life vision and company, the kind of company, and expertise in running the company | Company visits, doing experiments | Understanding what has been done by the mentor |
Entrepreneurial opportunity | Understanding about business opportunities | Determine prospective business plans | Learn about the mentor’s business to determine the company’s plan |
Environmental condition | Understand about the macro and microenvironments | Provide a business environment which is conducive for the business | Provide a mentor business environment for tenants |
Opportunity recognition | Recognize business opportunities | Arrange business alternatives | Describe the factors of business success that are done by the mentor |
Idea development | Understand the business plan | Arrange business plans | Learn from the mentor’s business plans |
Execution | Understand about assembling resources, organizational design, market making, and product development | Run a business | Receive assistance from the mentor |