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Abstract

International Journal of Trends in Emerging Research and Development, 2024;2(2):111-117

The role of mentorship in entrepreneurial development: An interview-based assessment of the impact on startup performance and innovation

Author : Vipul Yuvraj Patil and Dr. Deepak Tiwari

Abstract

This study investigates the role of mentorship in entrepreneurial development, with a focus on its impact on startup performance, innovation, and organisational culture. Using an interview-based methodology, the research examines the dynamics of mentor-mentee relationships through in-depth conversations with both entrepreneurs and mentors. Key findings highlight that trust, effective communication, and mentor experience are crucial for enhancing startup success. Additionally, mentorship fosters a culture of innovation by encouraging creative thinking and risk-taking. The study also identifies the importance of structured mentorship programmes and provides practical recommendations for their development. By integrating insights from Social Learning Theory, the Resource-Based View, and Social Capital Theory, the research offers a comprehensive understanding of how mentorship supports entrepreneurial ventures. These findings contribute to the literature on entrepreneurial mentorship and provide actionable guidance for entrepreneurs, mentors, and policymakers.

Keywords

Mentorship, entrepreneurship, startup performance, innovation, organisational culture, social learning theory, resource-based view, social capital theory, interviews, qualitative analysis