Career Functions Performed by Mentors of Millennial Generation Entrepreneurs

Nathanael Moulson; Anne Davis

doi:doi:10.11648/j.ajmse.20180305.15

| Peer-Reviewed

Career Functions Performed by Mentors of Millennial Generation Entrepreneurs

Nathanael Moulson, Anne Davis

Published in American Journal of Management Science and Engineering (Volume 3, Issue 5)

Received: 15 May 2018 Accepted: 12 June 2018 Published: 30 November 2018

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

Millennial generation entrepreneurs are showing a higher than average interest in starting new companies. This generation is key to economic success in Canada since the millennial generation comprises roughly 25% of the Canadian population. Mentors may make the difference between success and failure of these new ventures. This multiple case study explored 6 millennial generation small business owners participating in the Futurpreneur Canada mentoring program. Data included semistructured interviews with participants of the Futurpreneur mentoring program, experience profiles of these participants, and public information about the Futurpreneur program. The analysis of the data demonstrated that mentors provided career support by serving in the following roles: (a) advisor for entering new markets, (b) connector to experts, and (c) advisor on a business function. Insights from this study may help program designers, entrepreneurs, and mentors work together to enable entrepreneurs to develop their organizations and set them on the path to success.

Published in	American Journal of Management Science and Engineering (Volume 3, Issue 5)
DOI	10.11648/j.ajmse.20180305.15
Page(s)	69-75
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Entrepreneur Education, Millennial Generation, Mentoring, Canadian Small Business

References

[1]	Archambault, R., and Song, M. (2018) ‘Canadian new firms: Birth and survival rates over the period 2002-2014’, Ottawa, ON: Innovation, Science and Economic Development Canada, Small Business Branch.
[2]	Intuit Canada. (2013) ‘Startup Generation: How millennials are remaking the Canadian economy’ [online] http://blog.intuit.ca (Accessed 12 July, 2015).
[3]	Gudmundsson, S. V., and Lechner, C. (2013) ‘Cognitive biases, organization, and entrepreneurial firm survival’, European Management Journal, Vol. 31, pp. 278–294.
[4]	St-Jean, E., Radu-Lefebvre, M., & Mathieu, C. (2018). Can less be more? Mentoring functions, learning goal orientation, and novice entrepreneurs’ self-efficacy. International Journal of Entrepreneurial Behavior & Research, 24(1), 2–21.
[5]	Caraher, L. (2016). Millennials & Management: The Essential Guide to Making it Work at Work. Routledge.
[6]	Statistics Canada (2017, December 27). Population estimates on July 1st, 2017 by age and sex.
[7]	United States Census Bureau (2018). 2017 National Population Projections Datasets.
[8]	International Labour Organisation (2017). World employment social outlook: Trends 2017.
[9]	Buzza, J. S. (2017). Are You Living to Work or Working to Live? What Millennials Want in the Workplace. Journal of Human Resources Management and Labor Studies, 5(2).
[10]	Ferri-Reed, J. (2014). Millennializing the Workplace. The Journal for Quality and Participation; Cincinnati, 37(1), 13–14.
[11]	Gursoy, D., Chi, C. G.-Q., and Karadag, E. (2013) ‘Generational differences in work values and attitudes among frontline and service contact employees’, International Journal of Hospitality Management, Vol. 32, pp. 40–48.
[12]	BNP Paribas (2016). Global entrepreneurs Report 2016.
[13]	Knowles, M. (1973) The Adult Learner: A Neglected Species. Gulf, Houston, TX.
[14]	Werth, E. P., and Werth, L. (2011) ‘Effective training for Millennial students’, Adult Learning, Vol. 22, pp. 12–19.
[15]	Muir, D. (2014) ‘Mentoring and leader identity development: A case study’, Human Resource Development Quarterly, Vol. 25, pp. 349–379.
[16]	Zepeda, S., Parylo, O., and Bengston, E. (2013) ‘Analyzing principal professional development through the lens of adult learning theory’, Professional Development in Education, Vol. 40, pp. 295-315.
[17]	Leslie, H., and Johnson-Leslie, N. (2014), ‘Technology mentoring: A model for professional development’ in 2014 Society for Information Technology & Teacher Education International Conference Proceedings, SITE, Las Vegas, NV.
[18]	Nabi, G., Liñán, F., Fayolle, A., Krueger, N., & Walmsley, A. (2017). The Impact of Entrepreneurship Education in Higher Education: A Systematic Review and Research Agenda. Academy of Management Learning & Education, 16(2), 277–299.
[19]	McKenzie, D., and Woodruff, C. (2014) ‘What are we learning from business training and entrepreneurship evaluations around the developing world?’, The World Bank Research Observer, Vol. 29, pp. 48–82.
[20]	Rideout, E. C., and Gray, D. O. (2013) ‘Does entrepreneurship education really work? A review and methodological critique of the empirical literature on the effects of university-based entrepreneurship education’, Journal of Small Business Management, Vol. 51, pp. 329–351.
[21]	Prabhu, V. P., McGuire, S. J., Kwong, K. K., Zhang, Y., & Ilyinsky, A. (2017). Social Entrepreneurship among Millennials: A Three-Country Comparative Study. Australian Academy of Accounting and Finance Review, 2(4), 323–353.
[22]	Nabi, G., Walmsley, A., Liñán, F., Akhtar, I., & Neame, C. (2018). Does entrepreneurship education in the first year of higher education develop entrepreneurial intentions? The role of learning and inspiration. Studies in Higher Education, 43(3), 452–467.
[23]	Smith, A., and Paton, R. (2011) ‘Delivering enterprise: A collaborative international approach to the development, implementation and assessment of entrepreneurship’, International Journal of Entrepreneurial Behavior & Research, Vol. 17, pp. 104–118.
[24]	Lorz, M., Mueller, S., and Volery, T. (2013) ‘Entrepreneurship education: A systematic review of the methods in impact studies’, Journal of Enterprising Culture, Vol. 21, pp. 123–151.
[25]	Cassar, G. (2014). ‘Industry and startup experience on entrepreneur forecast performance in new firms’, Journal of Business Venturing, Vol. 29, pp. 137–151.
[26]	Waljee, J. F., Chopra, V., & Saint, S. (2018). Mentoring Millennials. JAMA, 319(15), 1547–1548.
[27]	Moulson, N. and Davis, A. (2016). How millennial generation entrepreneurs use mentors to improve performance. ICIE 2016 Proceedings of the 4th International Conference on Innovation and Entrepreneurship: ICIE2016. Academic conferences and publishing limited.
[28]	St-Jean, E., and Audet, J. (2012) ‘The role of mentoring in the learning development of the novice entrepreneur’, International Entrepreneurship and Management Journal, Vol. 8, pp. 119–140.
[29]	Rigg, C., and O’Dwyer, B. (2012) ‘Becoming an entrepreneur: Researching the role of mentors in identity construction’, Education + Training, Vol. 54, pp. 319–329.
[30]	Yusuf, J. E. (2014) ‘Impact of start-up support through guided preparation’, Journal of Entrepreneurship and Public Policy, Vol. 3, pp. 72–95.
[31]	Futurpreneur Canada (2018). [online] http://www.futurpreneur.ca.
[32]	Chun, J. U., Sosik, J. J., and Yun, N. Y. (2012) ‘A longitudinal study of mentor and protégé outcomes in formal mentoring relationships’, Journal of Organizational Behavior, Vol. 33, pp. 1071–1094.
[33]	St-Jean, E. (2012) “Mentoring as professional development for novice entrepreneurs: Maximizing the learning’, International Journal of Training and Development, Vol. 16, pp. 200–216.
[34]	McKevitt, D., & Marshall, D. (2015). The legitimacy of entrepreneurial mentoring. International Journal of Entrepreneurial Behaviour & Research; Bradford, 21(2), 263–280.
[35]	Terjesen, S., and Sullivan, S. E. (2011) ‘The role of developmental relationships in the transition to entrepreneurship: A qualitative study and agenda for future research’, Career Development International, Vol. 16, pp. 482–506.
[36]	Colakoglu, S. N., and Gokus, O. (2015) ‘Mentoring functions’ relationship with socialization facets and stages: A conceptual framework’, Journal of Organizational Culture, Communications and Conflict, Vol. 19 No. 2, pp. 1-13.
[37]	Deakin, H., and Wakefield, K. (2013) ‘Skype interviewing: Reflections of two PhD researchers’, Qualitative Research, Vol. 14, pp. 603–616.
[38]	Janghorban, R., Roudsari, R. L., & Taghipour, A. (2014). Skype interviewing: The new generation of online synchronous interview in qualitative research. International Journal of Qualitative Studies on Health and Well-Being, 9.
[39]	Koelsch, L. E. (2013) ‘Reconceptualizing the member check interview’, International Journal of Qualitative Methods, Vol. 12, pp. 168–179.
[40]	Smith, K., and Beasley, M. (2011) ‘Graduate entrepreneurs: Intentions, barriers and solutions’, Education + Training, Vol. 53, pp. 722–740.
[41]	Altman, I., and Taylor, D. A. (1973) Social Penetration: The Development of Interpersonal Relationships, Holt, Rinehart & Winston, New York.
[42]	Stam, W., Arzlanian, S., and Elfring, T. (2014) ‘Social capital of entrepreneurs and small firm performance: A meta-analysis of contextual and methodological moderators’, Journal of Business Venturing, Vol. 29, pp. 152–173.
[43]	Allen, T. D., & Poteet, M. L. (2011). Enhancing Our Knowledge of Mentoring With a Person-Centric Approach. Industrial and Organizational Psychology, 4(1), 126–130.
[44]	Gupta, M. P., and Asthana, A. (2014) ‘Innovation, incubation and entrepreneurship: A new approach’, International Journal of Research in Finance and Marketing, Vol. 4, pp. 14–22.

Cite This Article

Plain Text BibTeX RIS

APA Style

Nathanael Moulson, Anne Davis. (2018). Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. American Journal of Management Science and Engineering, 3(5), 69-75. https://doi.org/10.11648/j.ajmse.20180305.15

Copy | Download

ACS Style

Nathanael Moulson; Anne Davis. Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. Am. J. Manag. Sci. Eng. 2018, 3(5), 69-75. doi: 10.11648/j.ajmse.20180305.15

Copy | Download

AMA Style

Nathanael Moulson, Anne Davis. Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. Am J Manag Sci Eng. 2018;3(5):69-75. doi: 10.11648/j.ajmse.20180305.15

Copy | Download

@article{10.11648/j.ajmse.20180305.15,
  author = {Nathanael Moulson and Anne Davis},
  title = {Career Functions Performed by Mentors of Millennial Generation Entrepreneurs},
  journal = {American Journal of Management Science and Engineering},
  volume = {3},
  number = {5},
  pages = {69-75},
  doi = {10.11648/j.ajmse.20180305.15},
  url = {https://doi.org/10.11648/j.ajmse.20180305.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20180305.15},
  abstract = {Millennial generation entrepreneurs are showing a higher than average interest in starting new companies. This generation is key to economic success in Canada since the millennial generation comprises roughly 25% of the Canadian population. Mentors may make the difference between success and failure of these new ventures. This multiple case study explored 6 millennial generation small business owners participating in the Futurpreneur Canada mentoring program. Data included semistructured interviews with participants of the Futurpreneur mentoring program, experience profiles of these participants, and public information about the Futurpreneur program. The analysis of the data demonstrated that mentors provided career support by serving in the following roles: (a) advisor for entering new markets, (b) connector to experts, and (c) advisor on a business function. Insights from this study may help program designers, entrepreneurs, and mentors work together to enable entrepreneurs to develop their organizations and set them on the path to success.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - Career Functions Performed by Mentors of Millennial Generation Entrepreneurs
AU  - Nathanael Moulson
AU  - Anne Davis
Y1  - 2018/11/30
PY  - 2018
N1  - https://doi.org/10.11648/j.ajmse.20180305.15
DO  - 10.11648/j.ajmse.20180305.15
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 69
EP  - 75
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20180305.15
AB  - Millennial generation entrepreneurs are showing a higher than average interest in starting new companies. This generation is key to economic success in Canada since the millennial generation comprises roughly 25% of the Canadian population. Mentors may make the difference between success and failure of these new ventures. This multiple case study explored 6 millennial generation small business owners participating in the Futurpreneur Canada mentoring program. Data included semistructured interviews with participants of the Futurpreneur mentoring program, experience profiles of these participants, and public information about the Futurpreneur program. The analysis of the data demonstrated that mentors provided career support by serving in the following roles: (a) advisor for entering new markets, (b) connector to experts, and (c) advisor on a business function. Insights from this study may help program designers, entrepreneurs, and mentors work together to enable entrepreneurs to develop their organizations and set them on the path to success.
VL  - 3
IS  - 5
ER  -

Copy | Download

Author Information

Nathanael Moulson

The Department of Management and Economics, Royal Military College of Canada, Kingston, Canada
Anne Davis

College of Management and Technology, Walden University, Minneapolis, USA

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Nathanael Moulson, Anne Davis. (2018). Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. American Journal of Management Science and Engineering, 3(5), 69-75. https://doi.org/10.11648/j.ajmse.20180305.15

Copy | Download

ACS Style

Nathanael Moulson; Anne Davis. Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. Am. J. Manag. Sci. Eng. 2018, 3(5), 69-75. doi: 10.11648/j.ajmse.20180305.15

Copy | Download

AMA Style

Nathanael Moulson, Anne Davis. Career Functions Performed by Mentors of Millennial Generation Entrepreneurs. Am J Manag Sci Eng. 2018;3(5):69-75. doi: 10.11648/j.ajmse.20180305.15

Copy | Download

@article{10.11648/j.ajmse.20180305.15,
  author = {Nathanael Moulson and Anne Davis},
  title = {Career Functions Performed by Mentors of Millennial Generation Entrepreneurs},
  journal = {American Journal of Management Science and Engineering},
  volume = {3},
  number = {5},
  pages = {69-75},
  doi = {10.11648/j.ajmse.20180305.15},
  url = {https://doi.org/10.11648/j.ajmse.20180305.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20180305.15},
  abstract = {Millennial generation entrepreneurs are showing a higher than average interest in starting new companies. This generation is key to economic success in Canada since the millennial generation comprises roughly 25% of the Canadian population. Mentors may make the difference between success and failure of these new ventures. This multiple case study explored 6 millennial generation small business owners participating in the Futurpreneur Canada mentoring program. Data included semistructured interviews with participants of the Futurpreneur mentoring program, experience profiles of these participants, and public information about the Futurpreneur program. The analysis of the data demonstrated that mentors provided career support by serving in the following roles: (a) advisor for entering new markets, (b) connector to experts, and (c) advisor on a business function. Insights from this study may help program designers, entrepreneurs, and mentors work together to enable entrepreneurs to develop their organizations and set them on the path to success.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - Career Functions Performed by Mentors of Millennial Generation Entrepreneurs
AU  - Nathanael Moulson
AU  - Anne Davis
Y1  - 2018/11/30
PY  - 2018
N1  - https://doi.org/10.11648/j.ajmse.20180305.15
DO  - 10.11648/j.ajmse.20180305.15
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 69
EP  - 75
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20180305.15
AB  - Millennial generation entrepreneurs are showing a higher than average interest in starting new companies. This generation is key to economic success in Canada since the millennial generation comprises roughly 25% of the Canadian population. Mentors may make the difference between success and failure of these new ventures. This multiple case study explored 6 millennial generation small business owners participating in the Futurpreneur Canada mentoring program. Data included semistructured interviews with participants of the Futurpreneur mentoring program, experience profiles of these participants, and public information about the Futurpreneur program. The analysis of the data demonstrated that mentors provided career support by serving in the following roles: (a) advisor for entering new markets, (b) connector to experts, and (c) advisor on a business function. Insights from this study may help program designers, entrepreneurs, and mentors work together to enable entrepreneurs to develop their organizations and set them on the path to success.
VL  - 3
IS  - 5
ER  -

Copy | Download