Figure 4
A diagram of the factors influencing business characteristics, contextual environment, individual characteristics, and opportunity versus necessity. The diagram is structured into three main aggregate dimensions: Contextual Environment, Business Characteristics, and Individual Characteristics, with an additional dimension of Opportunity vs. Necessity. Each aggregate dimension is broken down into second-order themes, which are further divided into first-order concepts. The Contextual Environment includes Economic Environment, Policies, Social/Cultural Conditions, and Physical Conditions. The Business Characteristics dimension includes Industry Characteristics, Business Networks, and Business Performance. The Individual Characteristics dimension includes Personal/Social Networks, Professional Experience, and Demographic Characteristics. The Opportunity vs. Necessity dimension includes Financial Motives and Self-Oriented Motives. Data structure. Source: Authors’ own work