scholarly journals Overconfidence

2020 ◽  
Vol 23 (1) ◽  
pp. 25-39
Author(s):  
Robert Paul Singh

PurposeThere has been significant growth in entrepreneurship research over the past several decades. Yet with all of the knowledge gained and presumably improved training of would-be entrepreneurs, firm failure rates remain persistently high. It is argued here that the historical and continued research focus on successful entrepreneurs has limited the field. Entrepreneurs are often considered to possess uniquely positive capabilities relative to the general population; this paper explores the possibility that the majority of entrepreneurs suffer from overconfidence and that this leads most entrepreneurs to make “bad bets” that result in underperformance and firm failure.Design/methodology/approachIn this paper, a qualitative review of the literature was performed.FindingsBased on the literature review, three formal propositions are developed. The first two suggest that the majority of entrepreneurs are overconfident in their personal capabilities and the prospects for their new ventures. It is then proposed that this overconfidence leads to errors in judgment that results in financial underperformance and failure found among most new ventures.Originality/valueThis paper makes an important contribution to the entrepreneurship literature by arguing that overconfidence negatively impacts pre-founding decision-making such that entrepreneurs pursue flawed opportunities. Studying the issues raised in this paper may spur new lines of research and knowledge that lead to better entrepreneurial outcomes.

2019 ◽  
Vol 75 (1) ◽  
pp. 122-125
Author(s):  
Vanessa Ratten

Purpose Tourism entrepreneurship is an emerging area of study that has both practical and theoretical importance. This paper aims to review past research on tourism entrepreneurship with the view of highlighting neglected areas of study. Design/methodology/approach A review of the past 75 years is conducted that highlights the gaps in the research in need of further research. Findings There is a focus on lifestyle and sustainable forms of tourism entrepreneurship without taking into account emerging technologies and other forms of entrepreneurship such as digital and societal. Originality/value This paper places emphasis on the transdisciplinary nature of tourism entrepreneurship that enables researchers to build on multiple disciplines to derive fruitful new areas of research interest.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  

Purpose The purpose of this study is to carry out a literature review on interim leadership and management focusing on interim assignment performance and the antecedent characteristics of effective interim leaders. Design/methodology/approach A targeted review of the literature on the literature on interim leadership and management is carried out and reported. Findings A cycle of interim assignments is proposed consisting of four stages, preparation, entry, delivery and exit. Individual characteristics seen as antecedents of effectiveness are then applied to each of these stages. Practical implications The interim assignment cycle proposed in this paper can help to address gaps in the literature and aid the development of methods and tools for selection of interims and management of effectiveness during assignments. Originality/value This paper has an original approach in providing a model through which interim assignments can be better understood.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Barbara Bigliardi ◽  
Giovanna Ferraro ◽  
Serena Filippelli ◽  
Francesco Galati

PurposeThrough a comprehensive review of the literature on open innovation (OI), this study aimed to achieve two objectives: (1) to identify the main thematic areas discussed in the past and track their evolution over time; and (2) to provide recommendations for future research avenues.Design/methodology/approachTo achieve the first objective, a method based on text mining was implemented, with the analysis focusing on 1,772 journal articles published between 2003 and 2018. For the second objective, a review based on recent and relevant papers was conducted for each thematic area.FindingsThe paper identified nine thematic areas explored in existing research: (1) context-dependency of OI, (2) collaborative frameworks, (3) organizational dimensions of OI, (4) performance and OI, (5) external search for OI, (6) OI in small and medium-sized enterprises, (7) OI in the pharmaceutical industry, (8) OI and intellectual property rights, and (9) technology. The analysis of the most recent papers belonging to the more investigated areas offers suitable suggestions for future research avenues.Originality/valueTo the best of the authors’ knowledge, no review has yet been undertaken to reorganize the OI literature.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gabrielle Durepos ◽  
Terrance Weatherbee ◽  
Albert J. Mills

Purpose This paper features a critique of the treatment of time in modern and postmodern historical organization studies. The authors reply to the critique by drawing on Lefebvre’s notion of rhythm to theorize time in an amodern condition. The purpose of this study is to call on historical organization studies scholars to theoretically engage with time. Design/methodology/approach After a pointed literature review of the treatment of time in modern and postmodern historical organization studies, an ANTi-History approach to time is developed through an exploration of how rhythm can inform key ANTi-History facets. Findings New insights on key ANTi-History facets are developed in relation to time. These include seeing the past as history through rhythmic actor-networks, a description of relationalism informed by situated rhythms, a suggestion that the performative aspect of history is rhythmic and an illustration of what one might see if they watched an amodern historian at work. Originality/value Lefebvre’s concept of rhythm has been largely neglected in historiography and historical organization studies. Rhythm offers a way to understand time in relation to situated actor practices as opposed to the universal clock or chronological time.


foresight ◽  
2015 ◽  
Vol 17 (3) ◽  
pp. 240-256 ◽  
Author(s):  
Mostafa Safdari Ranjbar ◽  
Gholam Reza Tavakoli

Purpose – The aim of this paper is to promote the authors' understanding of technology intelligence by responding to two questions: What is technology intelligence? How is it accomplished? Design/methodology/approach – To respond to the two main questions about technology intelligence in this paper, the authors have studied relevant academic, peer-reviewed journals and books using the literature databases of Google Scholar, Sciencedirect, Inderscience, Wiley and Emerald Insight. They have used few selection criteria to choose papers and books for inclusion in their study. Findings – Enhancing the authors' understanding of the technology intelligence concept by responding to the two main questions (What is technology intelligence? How is it accomplished?), classifying the main studies in the field of technology intelligence and several practical and theoretical implications are the findings in this paper. Practical implications – A number of practical implications related to technology intelligence structure, process, methods, tools and players are suggested to managers of organizations and companies to improve their technology-related planning processes and decision-making. Originality/value – Despite the considerable level of consensus on the necessity of precise scanning and monitoring technological changes and trends, there is still limited understanding of the technology intelligence concept. This paper intends to enhance the authors' understanding of technology intelligence by responding to two questions: What is technology intelligence? And how is it accomplished?


Author(s):  
Xiaohong Liu

Purpose – The purpose of this paper is to investigate the extent to which research opportunities on China's logistics have been identified in the field. Design/methodology/approach – In order to fulfill the research objective, a literature-based survey was executed in eight peer-reviewed logistics and supply chain management journals during the 2001-2012 timeframe. In total, 91 articles were examined and analyzed from three perspectives: research focus, theoretical base and methodological approach. A content analysis was used to classify and assess the analytical units with selected examples from the articles surveyed. Findings – The analysis reveals that a number of research foci have been addressed, but there are some fertile areas that researchers could explore in view of the evolution of logistics and transitional trends in present-day China. Theory applications were applied in few papers, showing a low rate of usage of theories. Different research techniques have been applied, but greater methodological rigor is expected to be achieved, given the unique research setting in China. Research limitations/implications – While the study has consulted the major logistics journals in the logistics field in which researchers aim to pursue their publications regarding China-based logistics research, it should be noted that contributions in other journals may have been missed. Practical implications – The study sheds new light on the research needs and opportunities for advancing China-based logistics research; for those researchers interested in China's logistics, it provides options which may lead to further, valuable research in this area. Originality/value – This paper represents the first attempt to examine a body of literature on China-based logistics research. It provides implications for future study.


Author(s):  
William Schulze

Purpose In this commentary, the author aims to question whether the socio-emotional wealth (SEW) construct should be limited to family firms by noting that non-family owners and founders, i.e. those who yet have to involve family in their enterprise‘s operations, management or ownership, are also motivated to maximize their socioemotional wealth. Design/methodology/approach The concept of SEW has generated significant traction in the family business literature and motivated an important body of work about how SEW alters decision-making in family firms. Professors Martin and Gomez–Mejia (this issue) extend past contributions by teasing apart complex relationships among the underlying dimensions of the construct. However, the domain of that paper, as well as the SEW construct, has heretofore been limited to family firms. The author builds his commentary on the work of Martin and Gomez–Mejia (this issue) to argue that the notion that SEW shapes decision-making in the owner controlled and owner-managed non-family firms, as well as family firms. Findings The author’s overarching conclusion is that there are several dimensions in which family interests materially alter decision-making but others in which family likely plays a moderating and possibly even a suppressor role. The surprising implication is that it may not be SEW per se that distinguishes family firms from non-family firms but rather how the family dynamic alters the influence of SEW on outcomes of interest. Originality/value Acknowledging that personal and familial SEW have a common foundation allows one to sharpen the research focus and shift it from questions about how SEW might alter decision-making in family firms to questions about how the presence of family members alters the influence of SEW on decision-making in owner-controlled and owner-managed firms. This commentary explicates the argument and offers some suggestions about how this re-framing might allow for the extension of the SEW concept from the family firm to its influence on founder-managed and non-family firms.


2020 ◽  
Vol 52 (1) ◽  
pp. 65-80
Author(s):  
Hector Augusto Torres ◽  
Andres Chiappe ◽  
Yasbley Segovia

Purpose The purpose of this paper is to identify in the specialized literature published in the past 20 years about sales training, some elements or key factors that could be applied to the use of information and communication technologies (ICT) as a support for the learning of the detection of business opportunities. Design/methodology/approach This is a study of a documentary nature in which a method of systematic literature review was applied to 132 studies published in journals indexed in Scopus and Scielo on sales training processes. The analysis of the data combined a process of categorization and frequencies statistical analysis. Findings The results highlight the role of ICT and specifically the use of mobile devices to support the strengthening of training in sales in terms of relationship, opportunity and flexibility in communication with the client, the construction of positive emotional environments and experiential/situated training. Originality/value The originality of this study lies in the extraction and interpretation of key factors focused on addressing a guiding question about the relationships between the use of ICT and sales training.


Author(s):  
Elizabeth Maly ◽  
Eiko Ishikawa

Purpose – This paper aims to consider the current situation of relocation in Japan after the 2011 Great East Japan Earthquake (GEJE) in the context of past examples and post-disaster housing relocation projects in other countries. Design/methodology/approach – Information about international cases of post-disaster housing relocation was gathered though desk and literature review, supplemented by field visits to the sites for direct observation and interviews with people involved in the relocation projects. Findings – To be successful, residential relocation must consider livelihood, especially in regards to location. Involvement of the residents in the planning and decision making process creates housing relocation projects that better meet residents’ needs. Japan faces some unique challenges, yet shares commonalities with other countries, for example, in tsunami-stricken fishing areas. Housing relocation in Tohoku must strive to be accountable to the needs of the residents and the specific contexts of their communities. Originality/value – There is still a limited amount of literature in English that considers the issues of relocation in recovery after the GEJE in an international context, especially comprehensive comparisons with multiple countries. Although this paper does not deal with each international case in great detail, the comparison provides a good overview of the key issues for residents in post-disaster relocation, and suggests how lessons from international cases could be applied to the challenges that Japan currently faces in relocation planning in the Tohoku region.


2014 ◽  
Vol 115 (9/10) ◽  
pp. 412-425 ◽  
Author(s):  
Carl Gustav Johannsen

Purpose – The aim of this article is to identify the main approaches and discuss their perspectives, including their strengths and weaknesses in, especially, public library contexts. The purpose is also to present and discuss the results of a recent – 2014 – Danish library user segmentation project using computer-generated clusters. Compared to traditional marketing texts, this article also tries to identify users segments or images created by the library profession itself. Segmentation of users can help libraries in the process of understanding user similarities and differences. Segmentation can also form the basis for selecting segments as target users and for developing tailored services for specific target segments. Thus, several approaches and techniques have been tested in library contexts. Design/methodology/approach – Basically, the article is built upon a literature review concerning different approaches to user segmentation in, especially, public library context from approximately 1980 till now (May 2014). Findings – The article reveals that – at least – five different principal approaches to user segmentation have been applied by the library sector during the past 30-35 years. Characteristics, strengths and weaknesses of the different approaches are identified, discussed and evaluated. Practical implications – When making decisions on future library user surveys, it is certainly an advantage, concerning the ability to make qualified decision, to know what opportunities that are at hand for identifying important segments. Originality/value – Some of the approaches have been treated individually in the library literature; however, it is probably the first time that the professions own user images and metaphors are dealt with in a user segmentation context.


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