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A resource perspective on the development of passion in entrepreneurship : How passion builds and protects itself against depletion

Title data

Streeb, Mirjam ; Baum, Matthias ; Gielnik, Michael ; Schack, Mayleen:
A resource perspective on the development of passion in entrepreneurship : How passion builds and protects itself against depletion.
Event: 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs , 27. - 29. September 2023 , Darmstadt, Germany.
(Conference item: Conference , Speech with paper )

Abstract in another language

Passion is an important resource for entrepreneurs. Importantly, resources build themselves. Accordingly, we investigate passion development over time contingent on the current passion shaping this development. Our theoretical model shows that it is the interplay between an individual’s present harmonious and obsessive passion level, coupled with competence experiences, that determines whether passion intensifies or wanes over time. Specifically, obsessive passion shows a self-enhancing effect: the higher its current level, the stronger it is built due to competence satisfaction and frustration experiences. Conversely, we demonstrate a self-regulating effect for harmonious passion: its accumulation slows down when existing levels are already high. We test our model with a multi-study approach including an experience-sampling field study (Study 1) involving 209 entrepreneurs (with 1,172 lagged observations over seven weeks) and a between-subject experiment (Study 2) with 191 entrepreneurs, which yield broad support for our hypotheses. By introducing the self-enhancing and self-regulating effect of passion, we advance our theoretical understanding of how present passion levels influence their future developmental course.

Further data

Item Type: Conference item (Speech with paper)
Refereed: Yes
Keywords: Dualistic model of passion; psychological resource; obsessive passion; harmonious passion; competence
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVI > Chair Business Administration XVI - Univ.-Prof. Dr. Matthias Baum
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 02 Oct 2023 12:08
Last Modified: 02 Oct 2023 12:08