Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.

This research aims at proposing a framework for productive aging among employees aged 45-plus or early retirees who have switched into entrepreneurship career. It is acknowledged that this group possesses relevant industry experience, knowledge and well-established networks built up over their worki...

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Main Author: Ahmad, Noor Hazlina
Format: Monograph
Published: Universiti Sains Malaysia 2014
Subjects:
Online Access:http://eprints.usm.my/37085/
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author Ahmad, Noor Hazlina
author_facet Ahmad, Noor Hazlina
author_sort Ahmad, Noor Hazlina
building USM Institutional Repository
collection Online Access
description This research aims at proposing a framework for productive aging among employees aged 45-plus or early retirees who have switched into entrepreneurship career. It is acknowledged that this group possesses relevant industry experience, knowledge and well-established networks built up over their working careers which will enable them to effectively manage their ventures. However, there is little research on what drives these silver entrepreneurs to venture into entrepreneurship and the factors that made them successful. The findings revealed that silver entrepreneurs' motivation to start a business are related to career progression, personal wealth, family security, opportunity recognition and the pursuit of a more balanced life. It was also found that factors related to entrepreneurial competencies, entrepreneurial attitude, financial availability and business environment affect the business performance of the silver entrepreneurs. Surprisingly however, networking appears to be non-significant. This effort is deemed crucial since fostering silver offers a productive aging among mature people given the heighten percentage of aged population in the country. Encouraging silver entrepreneurship could assist in transforming the socio-economic well-being of the society at large, which is in line with Malaysia's national agenda to transform the society to become a high income society via New Economic Model.
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spelling usm-370852017-10-12T06:40:49Z http://eprints.usm.my/37085/ Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging. Ahmad, Noor Hazlina HD28-70 Management. Industrial Management This research aims at proposing a framework for productive aging among employees aged 45-plus or early retirees who have switched into entrepreneurship career. It is acknowledged that this group possesses relevant industry experience, knowledge and well-established networks built up over their working careers which will enable them to effectively manage their ventures. However, there is little research on what drives these silver entrepreneurs to venture into entrepreneurship and the factors that made them successful. The findings revealed that silver entrepreneurs' motivation to start a business are related to career progression, personal wealth, family security, opportunity recognition and the pursuit of a more balanced life. It was also found that factors related to entrepreneurial competencies, entrepreneurial attitude, financial availability and business environment affect the business performance of the silver entrepreneurs. Surprisingly however, networking appears to be non-significant. This effort is deemed crucial since fostering silver offers a productive aging among mature people given the heighten percentage of aged population in the country. Encouraging silver entrepreneurship could assist in transforming the socio-economic well-being of the society at large, which is in line with Malaysia's national agenda to transform the society to become a high income society via New Economic Model. Universiti Sains Malaysia 2014 Monograph NonPeerReviewed Ahmad, Noor Hazlina (2014) Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging. Technical Report. Universiti Sains Malaysia.
spellingShingle HD28-70 Management. Industrial Management
Ahmad, Noor Hazlina
Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title_full Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title_fullStr Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title_full_unstemmed Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title_short Towards an integrated model of silver entrepreneurship success: Exploring the entrepreneurial factors and the ecosystem for productive aging.
title_sort towards an integrated model of silver entrepreneurship success: exploring the entrepreneurial factors and the ecosystem for productive aging.
topic HD28-70 Management. Industrial Management
url http://eprints.usm.my/37085/