Entrepreneurial Decision Making: Examining Preferences For Causal And Effectual Reasoning In The New Venture Creation Process
- Topics:
- Decision making
- Tags:
- Career,
- Decision-making,
- Entrepreneur,
- Entrepreneurial,
- Entrepreneurship,
- Management,
- Professional Development,
- Reasoning Inc.
- Source:
- Lund University
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Overview: A growing body of studies emphasizes the discovery of opportunities and the decision to exploit them as the essence of entrepreneurial activity. Following this stream of research, the paper presents a study that examines entrepreneurs' preferences for causal and effectual reasoning in the new venture creation process. The dominating view is that entrepreneurial decision making to a large degree varies in response to the unique situational context. In contrast, the authors are in this paper particularly interested to what extent individual career experiences and career motives makes entrepreneurs in favour of one decision making logic over another. From this point of departure the authors develop hypotheses of the expected influence of career experience and career motives on entrepreneurs' preferences for causal and effectual reasoning.
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Format: PDF | Size: 326KB | Date: May 2006 | Pages: 27
