Research on the efficacy of entrepreneurial passion has focused on the contextual factors such feature-oriented or environmental characteristics, while overlooking the fact that entrepreneurs also experience various events that frequently force them to step out of their comfort zones. A recent study by Megan Yuan Li examined how rare external events such as financial crisis, wars, natural disasters, and the COVID-19 pandemic, affect the efficacy of entrepreneurial passion to drive organizational innovation. This work is published in Asia Pacific Journal of Management (APJM), one of the top journals in management and organizational research in the Asia Pacific region and rated as 3 star according to ABS ranking list. The abstract of the paper is copied below.

How do events, especially rare external events such as financial crises, wars, natural disasters, and the COVID-19 pandemic, affect the efficacy of entrepreneurial passion to drive organizational innovation? This study investigates the moderating role of events and entrepreneurs’ competence to exploit the events (opportunity competence) in the relationship between entrepreneurial passion and organizational innovation. Drawing insights from event system theory, we identified two critical event characteristics (i.e., event novelty and event criticality). Integrating the affect infusion model and the self-verification process in the identity literature, we argue that the two event characteristics and opportunity competence are crucial for entrepreneurs to exploit the benefits of entrepreneurial passion in promoting organizational innovation. After analyzing a survey sample of 435 entrepreneurs in Qinhuai Silicon Alley in China and an online survey of 202 entrepreneurs world-wide, we found that entrepreneurial passion exerts a stronger effect on organizational innovation when events are more novel and more critical to entrepreneurs, and when entrepreneurs have greater opportunity competence. We discuss these findings’ theoretical and practical implications later in this paper.

Figure Moderating role of events in the relationship between passion and innovation

If you are interested in the research, please read the paper:

Li, Megan Yuan; Makino, Shige; Luo, Lingli; Jiang, Chunyan. 2022. Entrepreneurial passion and organizational innovation: The moderating effects of events and the competence to exploit events. Asia Pacific Journal of Management. DOI: 10.1007/S10490-022-09853-6.

A full version of this article could be viewed at: 

https://link.springer.com/article/10.1007/s10490-022-09853-6