The young entrepreneurs’ view on the value of social networking for business progress

Edita Petrylaite; Katarzyna Dziewanowska

The young entrepreneurs’ view on the value of social networking for business progress

Edita Petrylaite, Katarzyna Dziewanowska

Entrepreneurship, Innovation and Strategy

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

204 Downloads (Pure)

Abstract

This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs’ sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one’s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey.

Original language	English
Title of host publication	Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration
Subtitle of host publication	2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration
Editors	Ilsang Ko
Place of Publication	Gwangju, South Korea
Publisher	Chonnam National University
Pages	69-74
Number of pages	5
ISBN (Print)	9788968498183
Publication status	Published - 21 Jun 2021
Event	The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration - Chonnam National University, Gwangju, Korea, Republic of Duration: 22 Jun 2021 → 23 Jun 2021

Conference

Conference	The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration
Country/Territory	Korea, Republic of
City	Gwangju
Period	22/06/21 → 23/06/21

Keywords

social networks
nascent entrepreneurship
value of social networking
sensemaking

Access to Document

Proceedings of 2021 ICGETMSC IVFinal published version, 4.62 MB

GETM3: Global Entrepreneurial Talent Management 3 MSCA RISE Project No 734824
Pearce, A., Elsey, V., Spencer, N., Shokri, A., Thompson, N. & Bailey, M.
European Commission
14/12/16 → 30/12/20
Project: Research

Cite this

Petrylaite, E., & Dziewanowska, K. (2021). The young entrepreneurs’ view on the value of social networking for business progress. In I. Ko (Ed.), Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration: 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration (pp. 69-74). Chonnam National University.

Petrylaite, Edita ; Dziewanowska, Katarzyna. / The young entrepreneurs’ view on the value of social networking for business progress. Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration: 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration. editor / Ilsang Ko. Gwangju, South Korea : Chonnam National University, 2021. pp. 69-74

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title = "The young entrepreneurs{\textquoteright} view on the value of social networking for business progress",

abstract = "This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs{\textquoteright} sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one{\textquoteright}s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey. ",

keywords = "social networks, nascent entrepreneurship, value of social networking, sensemaking",

author = "Edita Petrylaite and Katarzyna Dziewanowska",

note = "Funding information: This project has received funding from the European Union{\textquoteright}s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No. 734824. Scientific paper funded from financial sources for science in the years 2017–2020 awarded by the Polish Ministry of Science and Higher Education for the implementation of the international co-financed project.; The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration ; Conference date: 22-06-2021 Through 23-06-2021",

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Petrylaite, E & Dziewanowska, K 2021, The young entrepreneurs’ view on the value of social networking for business progress. in I Ko (ed.), Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration: 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration. Chonnam National University, Gwangju, South Korea, pp. 69-74, The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration, Gwangju, Korea, Republic of, 22/06/21.

The young entrepreneurs’ view on the value of social networking for business progress. / Petrylaite, Edita; Dziewanowska, Katarzyna.
Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration: 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration. ed. / Ilsang Ko. Gwangju, South Korea: Chonnam National University, 2021. p. 69-74.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - The young entrepreneurs’ view on the value of social networking for business progress

AU - Petrylaite, Edita

AU - Dziewanowska, Katarzyna

N1 - Funding information: This project has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie grant agreement No. 734824. Scientific paper funded from financial sources for science in the years 2017–2020 awarded by the Polish Ministry of Science and Higher Education for the implementation of the international co-financed project.

PY - 2021/6/21

Y1 - 2021/6/21

N2 - This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs’ sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one’s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey.

AB - This paper explores the value of social networks for business development and it looks at the nascent entrepreneurs’ sensemaking of social collaborations. The initial analysis of the data gathered from five countries (South Korea, Poland, Slovenia, Ireland and United Kingdom) reveals that networking can benefit and hinder business progress in four phases of social network development. The interviewed young entrepreneurs acknowledge that social networks lead to new opportunities but can also create obstacles. The new opportunities present in the form of expanding one’s skills and competences, receiving support, information and mentoring, while drawbacks result from inaccurate advice, wasted time, jealousy and lost focus. The findings of this study can inform various institutions from education to chambers of commerce on how to improve social networking to help the young entrepreneurial workforce in building these skills at a younger age before embarking on the entrepreneurial journey.

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KW - nascent entrepreneurship

KW - value of social networking

KW - sensemaking

M3 - Conference contribution

SN - 9788968498183

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BT - Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration

A2 - Ko, Ilsang

PB - Chonnam National University

CY - Gwangju, South Korea

T2 - The 2021 International conference on Global Entrepreneurial Talent Management and Social Collaboration

Y2 - 22 June 2021 through 23 June 2021

ER -

Petrylaite E, Dziewanowska K. The young entrepreneurs’ view on the value of social networking for business progress. In Ko I, editor, Proceedings of the 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration: 2021 International Conference on Global Entrepreneurial Talent Management and Social Collaboration. Gwangju, South Korea: Chonnam National University. 2021. p. 69-74

The young entrepreneurs’ view on the value of social networking for business progress

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Conference

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Projects

GETM3: Global Entrepreneurial Talent Management 3 MSCA RISE Project No 734824

Cite this