Liminal transitions of necessity entrepreneurs
What is it about?
Necessity entrepreneurs are seen as less likely to succeed than those who do it to pursue an opportunity but this 'liminal' group, mostly forgotten in the design of public policies due to their apparent inability to generate economic growth, plays a central role in fostering social change. In the process of setting up their own ventures, many necessity entrepreneurs engage with and overcome institutional invisibility, lack of representation in dominant cultural narratives, and the self-doubts emerging from their own personal crises. They are the proof of an alternative and enabling entrepreneurial story.
Why is it important?
Entrepreneurship itself is ultimately a liminal and transformative condition, a process of creating possible futures and states of being. We need to reclaim entrepreneurship for society, moving away from a stifling, purely economic discourse. To do so, we have to consider the real societal contexts in which entrepreneurial activities are happening and resist the trend to focus on already successful areas famous for innovation. Our necessity entrepreneurs’ experiences show how, in a context where risk and uncertainty are the norm, engaging with the context creatively can generate both a social and an economic impact. Entrepreneurship becomes, then, ‘of society, not just of economy’.
The following have contributed to this page: Lucia Garcia-Lorenzo
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