Entrepreneurship and decision making: the contribution of G.L.S. Shackle

Batstone, Stephen; Pheby, John

doi:10.1108/13552559610119322

Cited by 17 publications

(12 citation statements)

References 10 publications

(8 reference statements)

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“…This opinion is a forward-looking belief or foresight, and the way to get there successfully is mostly an imagination in the mind of the entrepreneur (Foss and Klein, 2008). The entrepreneur has to choose strategic actions based on the imagined consequences (Batstone and Pheby, 1996;Shackle, 1970). A more rational decision-making method to choose actions would be to predict the outcomes and calculate the expected values; however, the lack of relevant, objective historical data constrains this calculation severely (Knight, 1921).…”

Section: Theory and Hypothesesmentioning

confidence: 99%

Evolution of Entrepreneurial Judgment With Venture‐Specific Experience

Uygur

Kim

2016

Strategic Entrepreneurship

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This study advances research on entrepreneurial cognition by investigating how entrepreneurial judgment evolves during new venture creation. We conceptualize entrepreneurial judgment as a cognitive process in the minds of entrepreneurs that operates on the causal mapi.e., a knowledge structure concerning what factors they believe will help the chances of profitability under uncertainty. At the time of initial epiphany, entrepreneurs construct a cognitive causal map which guides resource allocation decisions. Over time, venture-specific experience accumulates and entrepreneurial judgment evolves in response to their observations. Using a dataset of 524 nascent entrepreneurs, we find that entrepreneurs with more venturespecific experiences have more selective judgments, and have stronger conviction in those judgments. We also find that perceived uncertainty and cognitive dispositions of the individuals affect entrepreneurial judgment. Running Head: Evolution of Entrepreneurial Judgment

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Section: Theory and Hypothesesmentioning

confidence: 99%

Evolution of Entrepreneurial Judgment With Venture‐Specific Experience

Uygur

Kim

2016

Strategic Entrepreneurship

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“…Under a punctuated disequilibrium perspective, the entrepreneur spots, creates, and exploits new opportunities. S/he is a decision-maker and a risk bearer under conditions of uncertainty (Batstone and Pheby 1996). And although the entrepreneur is ignorant of the future (Hill 2004), s/he possesses an imaginative capacity to ponder future possibilities (Ripsas 1998).…”

Section: Punctuated Disequilibriummentioning

confidence: 99%

Austrian Economics and Organizational Entrepreneurship: A Typology

Elias

Chiles²,

et al. 2020

QJAE

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This article develops a typology for making sense of the numerous strands of Austrian (and Austrian-related) economics and demonstrates how this typology can guide organizational entrepreneurship scholars wishing to ground their research in Austrian thought. In the process, not only are existing insights from the history of Austrian economic thought rediscovered, but clearer light is also shed on important perspectives from that tradition that have received less attention in entrepreneurship research. Based on the Austrian concept of entrepreneurial production and its relationship with the core concepts of knowledge and change, the typology yields four perspectives—equilibration, punctuated equilibrium, disequilibration, and punctuated disequilibrium. These perspectives’ different paradigms as used in organizational research are explored, along with their ontological, epistemological, and methodological assumptions. The typology is illustrated with selected empirical examples from organizational research to spotlight the types of questions that contemporary scholars may appropriately ask and answer from each perspective.

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“…Tout d'abord, nous nous interrogeons sur le rôle des cadres cognitifs des entrepreneurs novices et plus expé-rimentés (par exemple, Baron et Ensley, 2006 ;Valliere, 2013). Ensuite, nous nous interrogeons sur la rationalité limitée et sur l'attention de ces individus (Simon, 1997 Batstone et Pheby, 1996).…”

Section: D'autres Limitesunclassified

Le rôle potentiellement déterminant de la perspective temporelle dans la vigilance entrepreneuriale : propositions et modèle théoriques1

Levasseur

Léger-Jarniou

2015

ipme

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De nombreux articles en psychologie montrent que l’ensemble des points de vue que l’individu a de son passé, de son présent et de son futur (sa perspective temporelle) exerce une influence sur ses cognitions et ses comportements. Nous étendons les résultats de ces articles au champ de l’entrepreneuriat et suggérons que la perspective temporelle peut influencer la vigilance de l’entrepreneur (elle peut agir comme un déterminant potentiel qui précède la vigilance). Notre contribution de recherche cherche alors à mieux comprendre le rôle que peut jouer la perspective temporelle dans certains aspects essentiels de l’entrepreneuriat comme la vigilance entrepreneuriale (c’est-à-dire, la capacité de l’entrepreneur à voir les opportunités négligées par d’autres). L’objectif principal de notre contribution de recherche est de construire des propositions et un modèle théoriques reliant la perspective temporelle selon Zimbardo et Boyd (1999) et la vigilance entrepreneuriale selon Tang, Kacmar et Busenitz (2012). La mise en rapport de ces deux conceptualisations constitue l’apport principal de notre contribution de recherche. Une discussion, des implications, des limites et des directions pour les recherches futures sont également présentées.

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Entrepreneurship and decision making: the contribution of G.L.S. Shackle

Cited by 17 publications

References 10 publications

Evolution of Entrepreneurial Judgment With Venture‐Specific Experience

Evolution of Entrepreneurial Judgment With Venture‐Specific Experience

Austrian Economics and Organizational Entrepreneurship: A Typology

Le rôle potentiellement déterminant de la perspective temporelle dans la vigilance entrepreneuriale : propositions et modèle théoriques1

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