Transaction Obstacle and Its Governance: A Case Study on the “Stumbling Blocks” of Entrepreneurship - Open Journal of Business and Management

OJBM > Vol.8 No.3, May 2020

Open Journal of Business and Management

Volume 8, Issue 3 (May 2020)

ISSN Print: 2329-3284 ISSN Online: 2329-3292

Google-based Impact Factor: 1.13 Citations

Transaction Obstacle and Its Governance: A Case Study on the “Stumbling Blocks” of Entrepreneurship ()

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Download as PDF (Size: 760KB) PP. 1315-1338

DOI: 10.4236/ojbm.2020.83085 406 Downloads 1,376 Views

Author(s)

Yu Cheng¹, Jun Wen^2*, Yaping Xie^3*

Affiliation(s)

¹School of Management, Xiamen University, Xiamen, China.
²School of Economics and Management, Nanjing University of Science and Technology, Nanjing, China.
³School of Economics and Management, Fuzhou University, Fuzhou, China.

ABSTRACT

Through case study, this essay focuses on “transaction obstacle” which blocks entrepreneurship, and finds that entrepreneurs may establish complete business system by detecting and governing those key transaction obstacles. Therefore, the essay hypothesizes that transaction obstacle is a key construct in entrepreneurial process and the excellence of transaction obstacle governance is positively correlated with entrepreneurial success. The research initially presents both the concept of transaction obstacle and the concept of transaction obstacle governance, and thus adds new knowledge to the entrepreneurial process theory.

KEYWORDS

Transaction Obstacle, Entrepreneurial Process, Entrepreneurial Failure, Online Platform, Alibaba, Transaction Obstacle Governance

Share and Cite:

Cheng, Y. , Wen, J. and Xie, Y. (2020) Transaction Obstacle and Its Governance: A Case Study on the “Stumbling Blocks” of Entrepreneurship. Open Journal of Business and Management, 8, 1315-1338. doi: 10.4236/ojbm.2020.83085.

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