"The Impact of Socio-Cultural Demands and Resources on Entrepreneurial Well-Being: Exploring the Moderating Role of FOMO"
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View abstract on PubMed
Summary
This summary is machine-generated.Entrepreneurial well-being is impacted by workload and social toxicity, with social support acting as a buffer. Fear of missing out (FOMO) exacerbates negative effects, underscoring the need for targeted support for entrepreneurs.
Area Of Science
- Psychology
- Business Management
- Sociology
Background
- Entrepreneurial well-being is influenced by socio-cultural demands and resource availability.
- Fear of missing out (FOMO) presents a complex psychosocial dynamic for entrepreneurs.
- Understanding these factors is crucial for developing effective support systems.
Purpose Of The Study
- To examine the impact of socio-cultural demand and resource factors on entrepreneurial well-being.
- To investigate the moderating role of fear of missing out (FOMO) in these relationships.
- To identify key stressors and protective factors influencing entrepreneurs' psychological state.
Main Methods
- Cross-sectional study with 273 entrepreneurs in India.
- Data collected using a developed research instrument.
- Structural equation modeling (SMART-PLS) applied to analyze data.
Main Results
- Workload and social toxicity significantly impact organizational well-being.
- Social support acts as a crucial buffer against stress, enhancing well-being.
- FOMO amplifies negative effects of workload and social toxicity, but not time pressure.
Conclusions
- Workload and social toxicity pose significant risks to entrepreneurial well-being.
- Social support is vital for mitigating stress and promoting resilience.
- FOMO's moderating role highlights the need for nuanced interventions for entrepreneurs.
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