Multilevel Entrepreneurship Research: Opportunities for Studying Entrepreneurial Decision Making

2014 ◽  
pp. 295-304 ◽  
Author(s):  
Dean A. Shepherd
Keyword(s):  
Decision Making ◽  
Entrepreneurship Research ◽  
Research Opportunities ◽  
Entrepreneurial Decision

scholarly journals EFFECTUATION VS. CAUSATION: CAN ESTABLISHED FIRMS USE START-UP DECISION-MAKING PRINCIPLES TO STAY INNOVATIVE?

2019 ◽  
Vol 24 (01) ◽  
pp. 2050002 ◽  
Author(s):  
PASCAL HENNINGER ◽  
ALEXANDER BREM ◽  
FERRAN GIONES ◽  
PETER M. BICAN ◽  
CHRISTINE WIMSCHNEIDER
Keyword(s):  
Decision Making ◽  
Alternative Mechanism ◽  
Entrepreneurship Research ◽  
Start Up ◽  
Willingness To Change ◽  
Entrepreneurial Decision ◽  
Established Firms ◽  
High Flexibility ◽  
Start Ups ◽  
A Company

More and more, established companies try to cooperate with start-ups, build their own, or try to imitate their mindsets. But, do they make decisions like expert entrepreneurs? Effectuation theory describes entrepreneurial decision-making, it has been popular in entrepreneurship research for the last two decades, but still underexplored in contexts such as established company’s decision-making. Therefore, this study answers the question of which factors affect the use of effectuation in established companies. Furthermore, the current use of the start-up decision-making principle is investigated. The research results show a higher use of effectuation over causation (alternative mechanism) in established companies. However, decision-making principles like “Mean orientation” and “Contingency orientation” are still dominated by causation. Identified factors for implementing effectuation in established companies are divided into six categories. In particular, effectuation requires a high flexibility and willingness to change goals. Using the already available means and resources of a company to pursue new goals, is another argument for using effectuation. Additionally, a more open and transparent culture, encouraging the identification and admittance of mistakes, also supports the use of effectuation. Based on this research, established companies should be able to understand better on which factors the implementation of effectuation depends and where it makes sense to use it.

Bayesian analysis in entrepreneurship decision-making research

2018 ◽  
Vol 56 (5) ◽  
pp. 972-986 ◽  
Author(s):  
Franz T. Lohrke ◽  
Charles M. Carson ◽  
Archie Lockamy
Keyword(s):  
Decision Making ◽  
Bayesian Analysis ◽  
Bayesian Methods ◽  
Design Methodology ◽  
Content Type ◽  
Entrepreneurship Research ◽  
Entrepreneurial Decision ◽  
The Impact ◽  
High Uncertainty ◽  
Leading Journals

Purpose The purpose of this paper is to review Bayesian analysis in recent entrepreneurship research to assess how scholars have employed these methods to study the entrepreneurship process. Researchers in other business fields (e.g. management science, marketing, and finance) have increasingly employed Bayesian methods to study issues like decision making. To date, however, Bayesian methods have seen only limited use in entrepreneurship research. Design/methodology/approach After providing a general overview of Bayesian methods, this study examines how extant entrepreneurship research published in leading journals has employed Bayesian analysis and highlights topics these studies have investigated most frequently. It next reviews topics that scholars from other business disciplines have investigated using these methods, focusing on issues related to decision making, in particular. Findings Only seven articles published in leading management and entrepreneurship journals between 2000 and 2016 employed or discussed Bayesian methods in depth when studying the entrepreneurship process. In addition, some of these studies were conceptual. Research limitations/implications This review suggests that Bayesian methods may provide another important tool for researchers to employ when studying decision making in high uncertainty situations or the impact of entrepreneurial experience on decision making over time. Originality/value This review demonstrates that Bayesian analysis may be particularly appropriate for entrepreneurship research. By employing these methods, scholars may gain additional insights into entrepreneurial phenomenon by allowing researchers to examine entrepreneurial decision making. Through this review and these recommendations, this study hopes to encourage greater Bayesian analysis usage in future entrepreneurship research.

scholarly journals On entrepreneurial decision logics under conditions of uncertainty: an attempt to advance the current debate

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
David J. Rapp ◽  
Michael Olbrich
Keyword(s):  
Decision Making ◽  
Decision Problems ◽  
Current Debate ◽  
Entrepreneurship Research ◽  
The Core ◽  
Management Review ◽  
The Subject ◽  
Entrepreneurial Strategies ◽  
Entrepreneurial Decision ◽  
Do So

Abstract Uncertainty plays a crucial role for most entrepreneurship theories and is thus at the core of entrepreneurship research. Despite decades of research efforts, the notion of uncertainty is still somewhat vague and elusive, however. Consequently, desirable improvement of our understanding of uncertainty requires further considerations. Fortunately, in a recent paper published in the Academy of Management Review, Packard and Clark (Academy of Management Review, 2019) contribute their ideas on the subject. The study in question offers a novel dichotomy of uncertainty types and normatively prescribes entrepreneurial strategies associated with those different settings. The remarks of Packard and Clark have attracted opposition, however, and while appreciating the study’s efforts to refine the uncertainty construct, the present paper aims to advance the current debate. One stance adopted in the current paper to do so is to suggest supplementing research on uncertainty itself with the notion of ill-structuredness affecting decision problems. That approach makes it possible to theorize about entrepreneurial decision-making in a broader yet more nuanced way.

Influence of Confucian culture on entrepreneurial decision making using data from China's floating population

2020 ◽  
Vol 48 (7) ◽  
pp. 1-12
Author(s):  
Ran Xiong ◽  
Ping Wei
Keyword(s):  
Decision Making ◽  
Floating Population ◽  
Positive Role ◽  
Confucian Culture ◽  
Chinese Nation ◽  
Using Data ◽  
Entrepreneurial Decision ◽  
And Behavior ◽  
The Relationship

Confucian culture has had a deep-rooted influence on Chinese thinking and behavior for more than 2,000 years. With a manually created Confucian culture database and the 2017 China floating population survey, we used empirical analysis to test the relationship between Confucian culture and individual entrepreneurial choice using data obtained from China's floating population. After using the presence and number of Confucian schools and temples, and of chaste women as instrumental variables to counteract problems of endogeneity, we found that Confucian culture had a significant role in promoting individuals' entrepreneurial decision making among China's floating population. The results showed that, compared with those from areas of China not strongly influenced by Confucian culture, individuals from areas that are strongly influenced by Confucian culture were more likely to choose entrepreneurship as their occupation choice. Our findings reveal cultural factors that affect individual entrepreneurial behavior, and also illustrate the positive role of Confucianism as a representative of the typical cultures of the Chinese nation in the 21st century.

Envisioning Entrepreneurship’s Future: Introducing Me-Search and Research Agendas

2021 ◽  
pp. 104225872110268
Author(s):  
Dean A. Shepherd ◽  
Johan Wiklund ◽  
Dimo Dimov
Keyword(s):  
Research Agenda ◽  
Practical Problem ◽  
Special Issue ◽  
Entrepreneurship Research ◽  
Research Opportunities ◽  
The Future ◽  
Research Agendas ◽  
The Many

The future of the field of entrepreneurship is bright primarily because of the many research opportunities to make a difference. However, as scholars how can we find these opportunities and choose the ones most likely to contribute to the literature? This essay introduces me-search and a special issue of research-agenda papers from leading scholars as tools for blazing new trails in entrepreneurship research. Me-search and the agenda papers point to the importance of solving a practical problem; problematizing, contextualizing, and abstracting entrepreneurship research; and using empirical theorizing to explore entrepreneurial phenomena.

scholarly journals Internationalization of SMEs and Effectuation: The Way Back and Forward

Proceedings ◽  
2018 ◽  
Vol 2 (24) ◽  
pp. 1422 ◽  
Author(s):  
Hamza El Guili ◽  
Driss Ferhane
Keyword(s):  
Decision Making ◽  
Business Growth ◽  
Entrepreneurial Behavior ◽  
Entrepreneurship Research ◽  
Early Stages ◽  
Theoretical Perspectives ◽  
Theoretical Paper ◽  
Similarities And Differences ◽  
The Creation ◽  
To Come

Business growth is considered as one of the main topics of entrepreneurship research. Due to the increased interest on entrepreneurship, new theoretical perspectives have emerged to explain entrepreneurial behavior. One of these emergent theories is effectuation. It is widely known that entrepreneurs and owner-managers count on different decision-making logics during the internationalization of their ventures, including causal and effectual reasoning. Despite that the use of effectual reasoning has been generally linked to the early stages of the creation of a venture; it has recently been introduced to on the internationalization of SMEs research. Introduced by Sarasvathy (2001), effectuation logic is stated to grow in an unstable operating context where it is complicated to predict and in contrast, it is likely to unexpectedly respond to changes in the environment. Furthermore, it represents a typical shift in approaching entrepreneurship. In this theoretical paper, we first aim to highlight the evolution of the concept and the development of the effectuation theory within the literature. Furthermore, we explain the similarities and differences existing between causation and effectuation reasoning. Finally, we use the lens of effectuation to come up with an understanding of the internationalization of SMEs.

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